Independent Bank Corp. Earnings Preview

Independent Bank Corp. (Nasdaq: INDB  ) met its estimates last quarter, but investors hope that it will beat them this quarter. The company will unveil its latest earnings on Thursday, April 12. Independent Bank Corp. is a bank holding company which, through its subsidiary bank, is engaged in commercial banking, retail banking, investment management services, retail investments, and insurance sales.

What analysts say:

  • Buy, sell, or hold?: Analysts think investors should stand pat on Independent Bank Corp. with analysts unanimously rating it hold. Analysts don't like Independent Bank Corp. as much as competitor Boston Private Financial Holdings overall. Four out of nine analysts rate Boston Private Financial Holdings a buy compared to zero of four for Independent Bank Corp. Analysts' rating of Independent Bank Corp. has stayed constant from three months prior.
  • Revenue Forecasts: On average, analysts predict $55.6 million in revenue this quarter. That would represent a rise of 2.9% from the year-ago quarter.
  • Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.50 per share. Estimates range from $0.48 to $0.53.

What our community says:
CAPS All-Stars are split on Independent Bank Corp., with 54.5% rating it an "outperform" and 45.5% giving it an "underperform" rating. Independent Bank Corp. has a CAPS rating of zero out of five stars.

Management:
The profit of Independent Bank Corp. has risen year-over-year by an average of 15.3% over the past five quarters. Revenue has fallen in the past two quarters.

Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters.

Quarter

Q4

Q3

Q2

Q1

Net Margin

17.8%

19.5%

17.7%

18.2%

One final thing: If you want to keep tabs on Independent Bank Corp. movements, and for more analysis on the company, make sure you add it to your Watchlist.

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Earnings estimates provided by Zacks.

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