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Compared to Estimates, Independent Bank Corp. (INDB) Q3 Earnings: A Look at Key Metrics
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Independent Bank Corp. (INDB - Free Report) reported $261.95 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 7.5%. EPS of $1.90 for the same period compares to $1.55 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $258.66 million, representing a surprise of +1.27%. The company delivered an EPS surprise of +3.26%, with the consensus EPS estimate being $1.84.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 52.8% compared to the 53.7% average estimate based on four analysts.
Average Balance - Total interest-earning assets: $22.65 billion compared to the $22.51 billion average estimate based on three analysts.
Net interest margin (FTE): 3.9% versus 3.9% estimated by three analysts on average.
Net charge-offs (recoveries) to average loans (annualized): 0% versus the two-analyst average estimate of 0.1%.
Total Non-Interest Income: $41.29 million compared to the $42.01 million average estimate based on four analysts.
Net Interest Income: $220.66 million versus $217.66 million estimated by three analysts on average.
Interchange and ATM fees: $5.72 million versus $5.72 million estimated by two analysts on average.
Mortgage banking income: $0.93 million versus the two-analyst average estimate of $1.49 million.
Increase in cash surrender value of life insurance policies: $2.74 million versus $2.63 million estimated by two analysts on average.
Loan level derivative income: $0.8 million versus the two-analyst average estimate of $1.21 million.
Other noninterest income: $6.47 million versus $6.81 million estimated by two analysts on average.
Deposit account fees: $9.95 million versus the two-analyst average estimate of $9.39 million.
Shares of Independent Bank Corp. have returned -7.8% over the past month versus the Zacks S&P 500 composite's +1.4% 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.
View the Zacks #1 Rank List
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Compared to Estimates, Independent Bank Corp. (INDB) Q3 Earnings: A Look at Key Metrics
Independent Bank Corp. (INDB - Free Report) reported $261.95 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 7.5%. EPS of $1.90 for the same period compares to $1.55 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $258.66 million, representing a surprise of +1.27%. The company delivered an EPS surprise of +3.26%, with the consensus EPS estimate being $1.84.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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 +1.4% 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.