NASDAQ$INDB
Independent Bank Corp. · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Independent Bank Corp. reported a net income of $47.5 million for Q4 2019.
Independent Bank Corp. reported a net income of $47.5 million, or $1.38 per diluted share, for the fourth quarter of 2019. Total assets decreased slightly from the prior quarter, while total loans and deposits also saw decreases. The company's net interest income decreased due to recent Federal Reserve rate cuts and lower acquired loan accretion income.
- Net income for the fourth quarter of 2019 was $47.5 million, or $1.38 per diluted share.
- Total assets at December 31, 2019, were $11.4 billion, a decrease of 1.2% from the prior quarter.
- Net interest income for the fourth quarter decreased 4.4% to $100.0 million compared to the prior quarter.
- Noninterest income increased by 4.7% compared to the prior quarter, reaching $33.3 million.
Headline financials
Revenue & EPS history
Independent Bank · Revenue · Quarterly
$133M
Revenue by segment
Independent Bank · $28.2M total across 8 segments · Q3 2022
- Investment management and advisory$8.44M—29.9%
- Deposit account fees$6.26M—22.2%
- Other noninterest income$5.75M—20.4%
- Interchange and ATM fees$4.33M—15.4%
- Increase in cash surrender value of life insurance policies$1.88M—6.7%
- Mortgage banking income$585K—2.1%
- Gain on life insurance benefits$477K—1.7%
- Loan level derivative income$471K—1.7%
Forward guidance
The company did not provide forward guidance in the earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
+0.3%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+4.0%
Avg return
30 days after
54%
35 / 65 earnings
Positive
+11.0%
Q3 2020
Best reaction
-11.5%
Q2 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | -0.2% | -3.1% | |
| Q4 2025 | -2.4% | -1.2% | +3.6% | |
| Q3 2025 | +2.8% | +5.6% | +7.4% | |
| Q2 2025 | -2.8% | -1.1% | +4.8% | |
| Q1 2025 | -2.2% | +3.4% | +15.9% | |
| Q4 2024 | +3.5% | +5.2% | +5.8% | |
| Q3 2024 | -4.2% | -3.2% | +12.4% | |
| Q2 2024 | +0.1% | +7.3% | +3.5% | |
| Q1 2024 | +4.2% | +7.6% | +9.1% | |
| Q4 2023 | -0.6% | +0.2% | -11.3% | |
| Q3 2023 | -5.7% | -6.1% | +17.9% | |
| Q2 2023 | +4.0% | +7.9% | +3.6% | |
| Q4 2022 | -3.4% | -3.4% | +1.8% | |
| Q3 2022 | +1.2% | +4.1% | +4.8% | |
| Q2 2022 | -0.5% | +1.5% | +4.0% | |
| Q1 2022 | -2.7% | -5.0% | -1.2% | |
| Q4 2021 | +0.4% | +1.4% | +2.6% | |
| Q3 2021 | +0.7% | -2.0% | +0.5% | |
| Q2 2021 | -1.9% | -2.2% | +10.1% | |
| Q1 2021 | +2.3% | +5.5% | +0.1% | |
| Q4 2020 | -2.4% | -1.7% | +4.3% | |
| Q3 2020 | +11.0% | +11.1% | +32.7% | |
| Q2 2020 | +0.8% | -1.9% | -3.9% | |
| Q1 2020 | -0.3% | +8.4% | -5.0% | |
| Q4 2019 | -0.3% | -1.8% | -4.2% | |
| Q3 2019 | +7.7% | +11.7% | +14.7% | |
| Q2 2019 | +1.9% | +1.7% | -5.1% | |
| Q1 2019 | -6.1% | -6.1% | -9.5% | |
| Q4 2018 | +3.7% | +5.4% | +12.3% | |
| Q3 2018 | +2.1% | -2.8% | +0.2% | |
| Q2 2018 | +10.1% | +12.6% | +12.6% | |
| Q1 2018 | -1.2% | +1.1% | +2.7% | |
| Q4 2017 | -0.5% | -0.7% | -1.5% | |
| Q3 2017 | -1.6% | -3.2% | -7.4% | |
| Q2 2017 | +7.0% | +8.5% | +0.1% | |
| Q1 2017 | +2.0% | +4.7% | -2.6% | |
| Q4 2016 | -7.1% | -7.0% | -6.2% | |
| Q3 2016 | +0.7% | +5.5% | +21.5% | |
| Q2 2016 | +5.7% | +5.7% | +9.8% | |
| Q1 2016 | +0.6% | — | — | |
| Q4 2015 | +5.1% | — | — | |
| Q3 2015 | +5.0% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q1 2015 | -5.3% | — | — | |
| Q4 2014 | +3.7% | — | — | |
| Q3 2014 | +3.2% | — | — | |
| Q2 2014 | -1.9% | — | — | |
| Q1 2014 | +0.5% | — | — | |
| Q4 2013 | +0.4% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2009 | -0.3% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | -2.2% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q3 2011 | -0.4% | — | — | |
| Q2 2011 | -11.5% | — | — | |
| Q2 2010 | -11.5% | — | — | |
| Q1 2010 | +2.6% | — | — |
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