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Independent Bank Corp. (INDB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Independent Bank Corp. (INDB - Free Report) reported $252.72 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 42%. EPS of $1.68 for the same period compares to $1.06 a year ago.
The reported revenue represents a surprise of -0.47% over the Zacks Consensus Estimate of $253.92 million. With the consensus EPS estimate being $1.70, the EPS surprise was -0.98%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Independent Bank Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 56.6% compared to the 55% average estimate based on three analysts.
Net interest margin (FTE): 3.9% versus the three-analyst average estimate of 3.8%.
Average Balance - Total interest-earning assets: $22.23 billion versus the two-analyst average estimate of $22.58 billion.
Total Non-Interest Income: $40.26 million versus the three-analyst average estimate of $41 million.
Increase in cash surrender value of life insurance policies: $2.71 million versus the two-analyst average estimate of $2.67 million.
Net Interest Income: $212.46 million versus the two-analyst average estimate of $212.47 million.
Loan level derivative income: $0.91 million versus $1.12 million estimated by two analysts on average.
Interchange and ATM fees: $5.02 million versus $5.22 million estimated by two analysts on average.
Deposit account fees: $9.25 million compared to the $9.22 million average estimate based on two analysts.
Other noninterest income: $6.59 million versus $7.36 million estimated by two analysts on average.
Mortgage banking income: $1.27 million versus $1.14 million estimated by two analysts on average.
Investment management and advisory: $14.17 million versus the two-analyst average estimate of $14 million.
Shares of Independent Bank Corp. have returned +7.8% over the past month versus the Zacks S&P 500 composite's +6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Independent Bank Corp. (INDB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Independent Bank Corp. (INDB - Free Report) reported $252.72 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 42%. EPS of $1.68 for the same period compares to $1.06 a year ago.
The reported revenue represents a surprise of -0.47% over the Zacks Consensus Estimate of $253.92 million. With the consensus EPS estimate being $1.70, the EPS surprise was -0.98%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Independent Bank Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Independent Bank Corp. here>>>
Shares of Independent Bank Corp. have returned +7.8% over the past month versus the Zacks S&P 500 composite's +6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.