Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Independent Bank (INDB)
NASDAQ:INDB
Holding INDB?
Track your performance easily
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.17Last Year’s EPS
1.12Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: 5.26%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a generally positive outlook with significant progress in loan growth and strategic initiatives, such as the planned acquisition of Enterprise Bancorp. However, challenges remain with nonperforming office loans and increased expenses impacting the quarter's results.Company Guidance
During the fourth quarter 2024 earnings call for Independent Bank Corp., CEO Jeff Tengel provided guidance underscoring several key financial metrics and strategic initiatives. The bank reported a net interest margin improvement and stable credit trends, with a 3% annualized growth in average deposits and a 1.48% pre-provision net revenue ROA. There was a notable increase in tangible book value, which rose by 1% from the third quarter and 6.4% year-over-year. The bank achieved double-digit growth in its C&I and small business loan segments, enhancing its commercial loan production by 28% to $785 million. The wealth management business also saw a 7.6% increase in assets under administration, reaching $7 billion. Looking towards 2025, Independent Bank Corp. plans to focus on closing the acquisition of Enterprise Bancorp, achieving low to mid-single-digit loan growth, and realizing an estimated 12 to 15 basis points of margin expansion over the year.Net Interest Margin Improvement
The net interest margin improved by 4 basis points in the fourth quarter to 3.33%, with an expectation for continued expansion throughout 2025.
Loan Growth in C&I and Small Business Segments
C&I and small business loans were up 4% and 12%, respectively, in 2024, with a 28% increase in C&I loan production.
Tangible Book Value Increase
Tangible book value improved 1% from the third quarter and 6.4% from the year-ago quarter.
Wealth Management Growth
Assets under administration grew by 7.6% in 2024 to $7 billion.
Strategic Acquisition of Enterprise Bancorp
Agreement to acquire Enterprise Bancorp to expand the Rockland Trust franchise into Northern Massachusetts and Southern New Hampshire.
---
INDB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
INDB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 16, 2025 | $63.92 | $67.04 | +4.88% |
| Oct 17, 2024 | $64.52 | $61.03 | -5.41% |
| Jul 18, 2024 | $55.58 | $56.98 | +2.52% |
| Apr 18, 2024 | $47.99 | $49.07 | +2.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Independent Bank (INDB) report earnings?
Independent Bank (INDB) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Independent Bank (INDB) earnings time?
Independent Bank (INDB) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INDB EPS forecast?
INDB EPS forecast for the fiscal quarter 2025 (Q1) is 1.17.
---