* Independent Bank Corp (Michigan) is expected to show a fall in quarterly revenue when it reports results on October 24 for the period ending September 30 2024

* The Grand Rapids Michigan-based company is expected to report a 7.2% decrease in revenue to $42.26 million from $45.53 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data. (SAL represents Net Interest Income)

* ​LSEG's mean analyst estimate for Independent Bank Corp (Michigan) is for earnings of 76 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 34.00​, above​ its last closing price of $33.02. ​​​

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

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

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. 0.59 0.59 0.70 Beat 18.2

30 2023

Mar. 31 2023 0.59 0.60 0.61 Beat 1.7​

Dec. 31 2022 0.73 0.74 0.71 Missed -3.4

Sep. 30 2022 0.61 0.60 0.81 Beat 34.1

This summary was machine generated October 22 at 14:09 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)