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NASDAQ:IBCP
Independent Bank Corporation Stock Earnings Reports
$30.12
+0.240 (+0.80%)
At Close: Apr 17, 2025
Independent Bank Earnings Calls
Q1 2025
(Upcoming)
| Release date | Apr 24, 2025 |
| EPS estimate | $0.700 |
| EPS actual | - |
| Revenue estimate | 46.249M |
| Revenue actual | - |
| Expected change | +/- 6.67% |
Q4 2024
Beat
$0.87 (12.99%)
| Release date | Jan 23, 2025 |
| EPS estimate | $0.770 |
| EPS actual | $0.87 |
| EPS Surprise | 12.99% |
| Revenue estimate | 55.137M |
| Revenue actual | 60.405M |
| Revenue Surprise | 9.55% |
Q3 2024
Missed
$0.650 (-14.47%)
| Release date | Oct 24, 2024 |
| EPS estimate | $0.760 |
| EPS actual | $0.650 |
| EPS Surprise | -14.47% |
| Revenue estimate | 42.26M |
| Revenue actual | 77.847M |
| Revenue Surprise | 84.21% |
Q2 2024
Beat
$0.88 (25.71%)
| Release date | Jul 25, 2024 |
| EPS estimate | $0.700 |
| EPS actual | $0.88 |
| EPS Surprise | 25.71% |
| Revenue estimate | 41.1M |
| Revenue actual | 78.853M |
| Revenue Surprise | 91.86% |
Last 4 Quarters for Independent Bank
Below you can see how IBCP performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Beat
| Release date | Jul 25, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $35.13 |
| EPS estimate | $0.700 |
| EPS actual | $0.88 |
| EPS surprise | 25.71% |
| Date | Price |
|---|---|
| Jul 19, 2024 | $31.48 |
| Jul 22, 2024 | $32.27 |
| Jul 23, 2024 | $33.27 |
| Jul 24, 2024 | $33.24 |
| Jul 25, 2024 | $35.13 |
| Jul 26, 2024 | $34.29 |
| Jul 29, 2024 | $34.27 |
| Jul 30, 2024 | $34.79 |
| Jul 31, 2024 | $34.69 |
| 4 days before | 11.59% |
| 4 days after | -1.25% |
| On release day | -2.39% |
| Change in period | 10.20% |
Q3 2024
Missed
| Release date | Oct 24, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $32.74 |
| EPS estimate | $0.760 |
| EPS actual | $0.650 |
| EPS surprise | -14.47% |
| Date | Price |
|---|---|
| Oct 18, 2024 | $34.12 |
| Oct 21, 2024 | $33.02 |
| Oct 22, 2024 | $33.52 |
| Oct 23, 2024 | $33.23 |
| Oct 24, 2024 | $32.74 |
| Oct 25, 2024 | $32.58 |
| Oct 28, 2024 | $33.17 |
| Oct 29, 2024 | $33.21 |
| Oct 30, 2024 | $33.55 |
| 4 days before | -4.04% |
| 4 days after | 2.47% |
| On release day | -0.489% |
| Change in period | -1.67% |
Q4 2024
Beat
| Release date | Jan 23, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $35.24 |
| EPS estimate | $0.770 |
| EPS actual | $0.87 |
| EPS surprise | 12.99% |
| Date | Price |
|---|---|
| Jan 16, 2025 | $34.87 |
| Jan 17, 2025 | $34.42 |
| Jan 21, 2025 | $35.46 |
| Jan 22, 2025 | $34.80 |
| Jan 23, 2025 | $35.24 |
| Jan 24, 2025 | $35.60 |
| Jan 27, 2025 | $35.64 |
| Jan 28, 2025 | $36.25 |
| Jan 29, 2025 | $35.95 |
| 4 days before | 1.06% |
| 4 days after | 2.01% |
| On release day | 1.02% |
| Change in period | 3.10% |
Q1 2025
(Upcoming)
| Release date | Apr 24, 2025 |
| Fiscal end date | Mar 30, 2025 |
| Price on release | - |
| EPS estimate | $0.700 |
| EPS actual | - |
| Date | Price |
|---|---|
| Apr 11, 2025 | $28.52 |
| Apr 14, 2025 | $28.95 |
| Apr 15, 2025 | $29.42 |
| Apr 16, 2025 | $29.88 |
| Apr 17, 2025 | $30.12 |
Independent Bank Earnings Call Transcript Summary of Q4 2024
Financial Performance:
- Q4 2024 Net Income: $18.5 million ($0.87 per diluted share) vs. $13.7 million ($0.65) in Q4 2023.
- Full Year 2024 Net Income: $66.8 million ($3.16 per diluted share), up from $59.1 million ($2.79) in 2023.
- Annual Growth: 13% EPS growth and 13% growth in tangible book value per share in 2024.
Loan and Deposit Growth:
- Loan Portfolio Growth: 10% annualized growth in Q4, with a 24% increase in commercial loans; full year loan growth of 7%.
- Deposit Trends: Total deposits of $4.7 billion; core deposits decreased by $43 million in Q4 but increased by $206 million for the year.
Net Interest Income and Margin:
- Increase in Net Interest Income: Up by $1 million in Q4 from the linked quarter, leading to a net interest margin of 3.45%, improved from 3.26% YoY.
- Cost of Funds: Decreased by 18 basis points to 1.92% in Q4.
Credit Quality:
- Outstanding credit quality with non-performing loans at 15 basis points of total loans. Past due loans also showed minimal changes.
- Low net charge-offs at 2 basis points of average loans for 2024.
Future Outlook (2025):
- Loan Growth Projections: Anticipating mid-single digit growth, targeting 5% to 6% for the year, with expected continued strength in commercial loans.
- Net Interest Income: Forecasted growth of 8% to 9% for 2025, with a potential increase in the net interest margin of 20-25 basis points.
- Non-Interest Income: Estimated decrease of 14% in 2025 compared to 2024.
Dividends and Share Repurchases:
- An 8% increase in the quarterly dividend, marking the 12th consecutive annual increase.
- Board authorized share repurchase of approximately 5% for 2025, though no repurchases were modeled for the year.
Key Strategic Initiatives:
- Continue investing in talent and technology.
- Focus on community engagement and managing customer relationships effectively.
Market Conditions:
- The bank operates in a competitive environment for deposits, with ongoing adjustments to deposit product offerings.
Independent Bank Earnings History
Earnings Calendar
FAQ
When is the earnings report for IBCP?
Independent Bank Corporation (IBCP) has scheduled its earnings report for Apr 24, 2025 before the markets open.
What is the IBCP price-to-earnings (P/E) ratio?
IBCP P/E ratio as of Apr 17, 2025 (TTM) is 9.35.
What is the IBCP EPS forecast?
The forecasted EPS (Earnings Per Share) for Independent Bank Corporation (IBCP) for the first fiscal quarter 2025 is $0.700.
What are Independent Bank Corporation's retained earnings?
On its balance sheet, Independent Bank Corporation reported retained earnings of $60.41 million for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
