When did Independent Bank Corporation report Q4 2024 earnings?

Independent Bank Corporation (IBCP) reported Q4 2024 earnings on January 23, 2025 before market open.

What were Independent Bank Corporation's Q4 2024 revenue and EPS?

Independent Bank Corporation reported revenue of $60.4M and eps of $0.87 for Q4 2024.

Did Independent Bank Corporation beat estimates in Q4 2024?

Revenue beat the consensus estimate of $55.1M by $5.3M. EPS beat the consensus estimate of $0.77 by $0.10.

Where can I find Independent Bank Corporation's Q4 2024 SEC filings?

You can read the 10-K periodic report (0000039311-25-000044) directly on SEC EDGAR. The filing index links above go to sec.gov.

Independent Bank Corporation IBCP Q4 2024 Annual earnings

Reported January 23, 2025 · Before market open

Revenue$60.4MBeat by $5.3M

EPS$0.87Beat by $0.10

Revenue estimate$55.1M

EPS estimate$0.77

Next report

Oct 27, 2026 (in 3 months)

Revenue estimate$68.9M

EPS estimate$0.93

Financials

Q4 2024

Income statement

See full

Revenue$62.0M+25.9%

Net income$18.5M+34.3%

EPS (diluted)$0.87+33.8%

Balance sheet

See full

Cash & equivalents$119.9M-29.4%

Total debt$6.3M+23.9%

Total equity$454.7M+12.4%

Total assets$5.3B+1.4%

Cash flow

See full

Operating cash flow$16.4M-2.6%

CapEx$4.0M+165%

Free cash flow$12.4M-19.2%

Valuation & ratios

Valuation

as of 12/31/24

See full

Market cap$727.74M+34.2%

Enterprise value$614.2M+62.7%

P/E10.9×+1.7×

P/S3.3×+0.6×

Profitability

See full

Net margin30%+1.5pp

FCF margin24.8%-8.8pp

Returns & leverage

See full

Return on equity15.5%-0.2pp

Debt / equity0×0.0×

Segments

By product

See full

Interchange income$3.3M-1.3%

Overdraft fees$2.3M-22.1%

Account service charges$571.0K+2,015%

Asset management revenue$399.0K-15.5%

ATM fees$376.0K-6.2%

Versus estimates

Revenue

Q2 2026$63.2MBeat by $3.2M Q1 2026$58.9MBeat by $208.0K Q4 2025$58.3MMiss by $422.3K Q3 2025$55.5MBeat by $9.1M Q2 2025$54.1MBeat by $4.0M Q1 2025$52.3MBeat by $6.0M

Diluted EPS

Q2 2026$0.90Beat by $0.06 Q1 2026$0.81Beat by $0.02 Q4 2025$0.89Beat by $0.06 Q3 2025$0.84Beat by $0.01 Q2 2025$0.81Beat by $0.03 Q1 2025$0.74Beat by $0.04

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Questions, answered.

When did Independent Bank Corporation report Q4 2024 earnings?: Independent Bank Corporation (IBCP) reported Q4 2024 earnings on January 23, 2025 before market open.
What were Independent Bank Corporation's Q4 2024 revenue and EPS?: Independent Bank Corporation reported revenue of $60.4M and eps of $0.87 for Q4 2024.
Did Independent Bank Corporation beat estimates in Q4 2024?: Revenue beat the consensus estimate of $55.1M by $5.3M. EPS beat the consensus estimate of $0.77 by $0.10.
Where can I find Independent Bank Corporation's Q4 2024 SEC filings?: You can read the 10-K periodic report (0000039311-25-000044) directly on SEC EDGAR. The filing index links above go to sec.gov.