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Independent Bank (IBCP)
NASDAQ:IBCP
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.79Last Year’s EPS
0.75Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 3.35%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The call reported strong loan growth, net interest margin expansion, and excellent credit quality, alongside technological advancements. However, there were declines in net income, non-interest income, and business deposits, alongside a loss on mortgage loan servicing. The positives and negatives were relatively balanced, highlighting both achievements and areas of concern.Company Guidance
During the Independent Bank Corporation's first quarter 2025 earnings call, the company reported a net income of $15.6 million or $0.74 per diluted share, slightly down from the previous year's $16 million or $0.76 per diluted share. Key metrics highlighted include a 3.4% annualized increase in loans and a 0.8% rise in core deposits. The company noted a four basis point margin expansion and a decrease in total cost of funds by 12 basis points to 1.80%. Credit quality remained strong with non-performing assets at 14 basis points of total assets and net charge-offs at one basis point of average loans annualized. The allowance for credit losses was 1.47% of total loans. Additionally, the bank's tangible book value per share grew by 13.2% compared to the prior year. Total deposits were $4.63 billion, with retail deposits up by $34.2 million and business deposits down by $44 million. The presentation also included an outlook on the company's strong regulatory capital position and an update on the cost of funds compared to the Federal Reserve's rates.Positive Loan Growth
Overall loans increased by 3.4% annualized, with commercial loan growth strong at $54.8 million or an 11% annualized rate.
Net Interest Income and Margin Expansion
Net interest income increased by $3.5 million from the year-ago period, with a net interest margin expansion to 3.49% from 3.30%.
Strong Credit Quality
Continued excellent credit metrics with non-performing loans at 17 basis points of total loans and net charge-offs at just 1 basis point of average loans.
Increase in Tangible Book Value
Tangible book value per share increased by 13.2% compared to the prior year quarter.
Innovative Technology Investments
Launch of a redesigned website that is faster, easier to navigate, and more helpful for visitors, reflecting a people-first bank approach.
IBCP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IBCP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | $31.02 | $30.64 | -1.23% |
Jan 23, 2025 | $34.26 | $34.69 | +1.26% |
Oct 24, 2024 | $32.48 | $32.00 | -1.48% |
Jul 25, 2024 | $32.25 | $34.08 | +5.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Independent Bank (IBCP) report earnings?
Independent Bank (IBCP) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Independent Bank (IBCP) earnings time?
Independent Bank (IBCP) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IBCP EPS forecast?
IBCP EPS forecast for the fiscal quarter 2025 (Q2) is 0.79.