Independent Bank Corp (Michigan) expected to post earnings of 70 cents a share - Earnings Preview

Independent Bank

22/04/2025 13:02

Independent Bank Corp (Michigan) IBCP.OQ IBCP.O is expected to show a rise in quarterly revenue when it reports  results on April 24 for the period ending March 31 2025

The Grand Rapids Michigan-based  company is expected to report a 8.0% increase in revenue to $43.399 million from $40.2 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data. (SAL represents Net Interest Income)

​LSEG's mean analyst estimate for Independent Bank Corp (Michigan) is for earnings of 70 cents per share.

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

The mean earnings estimate of analysts was unchanged in the last three months. ​

Wall Street's median 12-month price target for Independent Bank Corp (Michigan) is $37.00​, above​ its last closing price of $29.99. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Dec. 31 2024
0.76
0.77
0.87
Beat
13.3
Sep. 30 2024
0.75
0.76
0.65
Missed
-14
Jun. 30 2024
0.70
0.70
0.88
Beat
25.2​
Mar. 31 2024
0.64
0.64
0.76
Beat
18.2
​​Dec. 31 2023
0.69
0.70
0.65
Missed
-6.8
Sep. 30 2023
0.62
0.62
0.83
Beat
33.3​
Jun. 30 2023
0.59
0.59
0.70
Beat
18.2
Mar. 31 2023
0.59
0.60
0.61
Beat
1.7

This summary was machine generated April 22 at 12:02 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)