Independent Bank (NASDAQ:INDB) 주식

Independent Bank

Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.

Independent Bank Corp

Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) reported quarterly earnings of $1.06 per share which missed the analyst consensus estimate of $1.15 by 7.83 percent. This is a 5.36 percent decrease over earnings of $1.12 per share from the same period last year.

Earnings

Earnings Misses

News

INDB

UPDATE: Independent Bank Q1 2025 GAAP EPS $1.06 Misses $1.15 Estimate

<h3>Companies Reporting Before The Bell</h3>
• Evotec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $250.69 million. 
• Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is expected to report quarterly earnings at $1.82 per share on revenue of $23.92 billion. 
• Badger Meter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $220.76 million. 
• Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is estimated to report quarterly earnings at $1.01 per share on revenue of $5.54 billion. 
• Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is estimated to report quarterly earnings at $0.42 per share on revenue of $1.97 billion. 
• ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $3.96 billion. 
• State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) is likely to report quarterly earnings at $2.01 per share on revenue of $3.32 billion. 
• American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) is expected to report quarterly earnings at $3.47 per share on revenue of $16.93 billion. 
• Marsh &amp; McLennan Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) is estimated to report quarterly earnings at $3.00 per share on revenue of $7.08 billion. 
• D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is estimated to report quarterly earnings at $2.65 per share on revenue of $8.03 billion. 
• Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) is projected to report quarterly earnings at $4.82 per share on revenue of $1.21 billion. 
• Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $363.15 million. 
• Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) is expected to report quarterly earnings at $0.70 per share on revenue of $2.16 billion. 
• Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) is estimated to report quarterly earnings at $0.95 per share on revenue of $283.30 million. 
• Regions Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $1.83 billion. 
• Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is likely to report quarterly earnings at $1.06 per share on revenue of $2.68 billion. 
• Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $4.94 billion. 
• UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is likely to report quarterly earnings at $7.29 per share on revenue of $111.60 billion. 
• Insteel Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIIN#NYSE">IIIN</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $149.85 million. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is expected to report quarterly earnings at $0.16 per share on revenue of $101.16 million. 
• Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $1.89 billion. 
• Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $4.90 billion. 
• KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $1.75 billion. 
<h3>Companies Reporting After The Bell</h3>
• Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is expected to report quarterly earnings at $5.72 per share on revenue of $10.51 billion. 
• Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is expected to report quarterly earnings at $1.16 per share on revenue of $175.04 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALLY

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TCBI

Earnings Scheduled For April 17, 2025

Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is set to give its latest quarterly earnings report on Thursday, 2025-04-17. Here's what investors need to know before the announcement.
Analysts estimate that Independent Bank will report an earnings per share (EPS) of $1.16. 
The market awaits Independent Bank's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Historical Earnings Performance</h3>
The company's EPS beat by $0.05 in the last quarter, leading to a 4.88% increase in the share price on the following day.
Here's a look at Independent Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.16</td>
<td>1.05</td>
<td>1.11</td>
<td>1.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.21</td>
<td>1.01</td>
<td>1.21</td>
<td>1.12</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>-5.0%</td>
<td>3.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1744815670_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Independent Bank were trading at $55.24 as of April 15. Over the last 52-week period, shares are up 12.05%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/INDB/earnings">To track all earnings releases for Independent Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of Independent Bank's Earnings

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Shares of banking companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Shares of banking companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

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Shares of banking companies are trading lower in response to President Trump's sweeping Liberation tariffs and retaliatory responses. The industry is now facing greater macroeconomic uncertainty and recession fears.

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Shares of banking companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Essential Utilities, Portland General Electric, and Independent Bank have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 4%.
Essential Utilities
Essential Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTRG#NYSE">WTRG</a>) operates regulated utilities that provide water, wastewater, and natural gas services in the U.S.
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Essential Utilities has increased its dividends every year for the last 33 years. In its most recent dividend hike announcement on July 31, the company raised the quarterly payout by 6% to $0.3255 per share, equaling an annual figure of $1.302 per share. The dividend yield on the stock is 3.28%.
The company's annual revenue as of Dec. 31 stood at $2.09 billion. According to its Q4 2024 earnings release on Feb. 26, the company posted revenues of $604.38 million and EPS of $0.67. Both figures came in above the Street estimates.
Check out this <a href="https://www.benzinga.com/insights/analyst-ratings/25/02/44021816/a-glimpse-into-the-expert-outlook-on-essential-utilities-through-4-analysts">article by Benzinga</a> for four analysts&#8217; insights on Essential Utilities.
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Portland General Electric&nbsp;
Portland General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>), an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon.
Portland General Electric has raised its dividends consecutively for the last 19 years. In its most recent dividend hike announcement last April 19, the company increased the quarterly payout by 5.3% to $0.50 per share, equal to $2 per share annually. The company confirmed on Feb. 12 that the payout would remain the same. The current dividend yield on the stock stands at 4.49%.
The company's annual revenue as of Dec. 31 stood at $3.44 billion. As per its most recent earnings release on Feb. 14, it posted Q4 2024 revenues of $837 million and EPS of $0.36, both above the Street estimates.
See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
Independent Bank
Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the U.S.
Independent Bank has raised its dividends every year for the last 14 years. In its most recent dividend hike announcement on March 21, 2024, its board increased the quarterly payout from $0.55 to $0.57 per share or $2.28 annualized. More recently, in its dividend announcement on Dec. 12, the company maintained the payout at the same level. The dividend yield is 3.58%.
Independent Bank&#8217;s annual revenue as of Dec. 31 is $683.11 million. In its most recent earnings release on Jan. 16, the company posted Q4 2024 revenues of $176.85 million and EPS of $1.21. Both figures beat the consensus estimates.
Check out this <a href="https://www.benzinga.com/insights/analyst-ratings/25/01/43107825/demystifying-independent-bank-insights-from-4-analyst-reviews">article by Benzinga</a> for four analysts&#8217; insights on Independent Bank.
Essential Utilities, Portland General Electric, and Independent Bank are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 4% and long history of consistent hikes make them attractive to income-focused investors.
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Personal Finance

WTRG

How Essential Utilities, Portland General Electric, And Independent Bank Can Put Cash In Your Pocket

The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.59 per share dividend, representing a $0.02 increase from the prior quarter. The dividend will be payable on April 7, 2025, to stockholders of record as of the close of business on March 31, 2025.

Dividends

Independent Bank Corp. Increase Quarterly Dividend From $0.57 To $0.59 Per Share

Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $79.25, a high estimate of $82.00, and a low estimate of $77.00. This current average reflects an increase of 6.38% from the previous average price target of $74.50. 
<img src="https://www.benzinga.com/files/images/story/2025/1737482440_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Independent Bank. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher O'Connell</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$80.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Steve Moss</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$78.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Christopher O'Connell</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$82.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Christopher O'Connell</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$77.00</td>
<td>$65.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Independent Bank. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Independent Bank compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Independent Bank's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Independent Bank's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/INDB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Independent Bank analyst ratings.</a>
<h2>Discovering Independent Bank: A Closer Look</h2>
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers, and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
<h3>Independent Bank's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Independent Bank's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -3.57%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Independent Bank's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 24.59%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Independent Bank's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.46%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Independent Bank's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.22%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Independent Bank's debt-to-equity ratio is below the industry average at 0.22, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Demystifying Independent Bank: Insights From 4 Analyst Reviews

Keefe, Bruyette &amp; Woods analyst Christopher O'Connell maintains Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) with a Market Perform and lowers the price target from $82 to $80.

Price Target

Keefe, Bruyette & Woods Maintains Market Perform on Independent Bank, Lowers Price Target to $80

Raymond James analyst Steve Moss reiterates Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) with a Strong Buy and raises the price target from $74 to $78.

Reiteration

Raymond James Reiterates Strong Buy on Independent Bank, Raises Price Target to $78

UPDATE: Independent Bank Q4 Adj EPS $1.21 Beats $1.16 Estimate, Sales $176.85M Beat $175.66M Estimate

Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) released its Q4 earnings on Thursday, January 16, 2025 at 04:15 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Independent Bank beat estimated earnings by 4.0%, reporting an EPS of $1.21 versus an estimate of $1.16.
Revenue was down $311 thousand from the same period last year.
<h3>Performance in Previous Earnings</h3>
The company missed on EPS by $0.04 in the previous quarter, leading to a 5.0% drop share price change the next day.
Here's a look at Independent Bank's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.05</td>
<td>1.11</td>
<td>1.15</td>
<td>1.24</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.01</td>
<td>1.21</td>
<td>1.12</td>
<td>1.26</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>174.74M</td>
<td>168.62M</td>
<td>170.12M</td>
<td>177.34M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>175.25M</td>
<td>170.26M</td>
<td>167.38M</td>
<td>177.16M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Independent Bank <a href="https://www.benzinga.com/quote/INDB/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Independent Bank Q4 Earnings Assessment

<h3>Companies Reporting Before The Bell</h3>
• Insteel Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIIN#NYSE">IIIN</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $117.45 million. 
• Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is likely to report quarterly earnings at $2.16 per share on revenue of $26.38 billion. 
• Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) is estimated to report quarterly earnings at $0.19 per share on revenue of $4.93 billion. 
• Bank7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSVN#NASDAQ">BSVN</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $23.50 million. 
• PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) is expected to report quarterly earnings at $3.30 per share on revenue of $5.49 billion. 
• M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) is projected to report quarterly earnings at $3.74 per share on revenue of $2.34 billion. 
• UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is expected to report quarterly earnings at $6.92 per share on revenue of $101.09 billion. 
• First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $825.23 million. 
• Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is projected to report quarterly earnings at $0.79 per share on revenue of $25.22 billion. 
• Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is estimated to report quarterly earnings at $1.51 per share on revenue of $14.35 billion. 
• U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) is estimated to report quarterly earnings at $1.01 per share on revenue of $6.93 billion. 
<h3>Companies Reporting After The Bell</h3>
• JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is expected to report quarterly earnings at $1.62 per share on revenue of $3.15 billion. 
• Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is projected to report quarterly earnings at $1.16 per share on revenue of $175.71 million. 
• Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) is expected to report quarterly earnings at $1.44 per share on revenue of $407.32 million. 
• RF Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RFIL#NASDAQ">RFIL</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $17.85 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 16, 2025

Keefe, Bruyette &amp; Woods analyst Christopher O'Connell maintains Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) with a Market Perform and raises the price target from $77 to $82.

Keefe, Bruyette & Woods Maintains Market Perform on Independent Bank, Raises Price Target to $82

EBTC

Independent Bank Corp. And Enterprise Bancorp Sign Definitive Merger Agreement Valued At ~$562M Or $45.06/Share; Agreement Provides That Enterprise Shareholders Will Receive 0.60 Shares Of Independent Stock And $2 In Cash For Each Share Of Enterprise Common Stock Held

Keefe, Bruyette &amp; Woods analyst Christopher O'Connell maintains Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) with a Market Perform and raises the price target from $65 to $77.

Keefe, Bruyette & Woods Maintains Market Perform on Independent Bank, Raises Price Target to $77

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Raymond James analyst Steve Moss upgrades Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) from Market Perform to Strong Buy and announces $74 price target.

Upgrades

Raymond James Upgrades Independent Bank to Strong Buy, Announces $74 Price Target

Press Releases

Independent Bank Corp. Announces Quarterly Dividend

KBRA Comments on Enterprise Bancorp, Inc.'s Proposed Merger Agreement with Independent Bank Corp.

Independent Bank Corp.'s Announcement of Date of Fourth Quarter Conference Call

Independent Bank Corp. Reports Fourth Quarter Net Income of $50.0 Million

Independent Bank Corp. and Rockland Trust Company Expands Board of Directors with Three Accomplished Leaders

ENTERPRISE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enterprise Bancorp, Inc. - EBTC

Independent Bank Corp. Announces 4% Increase in Quarterly Dividend

Independent Bank Corp.'s Announcement of Date of First Quarter Conference Call

Independent Bank Corp. Reports First Quarter Net Income of $44.4 Million

Enterprise Bancorp, Inc. Announces First Quarter Financial Results

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