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

Reuters
04-22
Independent Bank Corp (Michigan) <ibcp.oq> expected to post earnings of 70 cents a share - Earnings Preview </ibcp.oq>
  • 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)

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