Independent Bank Corp (Michigan) <IBCP.OQ> expected to post earnings of 77 cents a share - Earnings Preview
Independent Bank Corp (Michigan) IBCP.OQ IBCP.O is expected to show a rise in quarterly revenue when it reports results on January 23 for the period ending December 31 2024
The Grand Rapids Michigan-based company is expected to report a 6.8% increase in revenue to $42.845 million from $40.11 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 77 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 $34.42.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
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 |
Dec. 31 2022 | 0.73 | 0.74 | 0.71 | Missed | -3.4 |
This summary was machine generated January 21 at 13:02 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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