04:34 AM EST, 01/17/2025 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Independent Bank's (INDB) shares were down 6.7% in premarket activity Friday after the company overnight reported a year-over-year decline in Q4 earnings and sales.

The company reported Q4 non-GAAP earnings late Thursday of $1.21 per diluted share, down from $1.26 a year earlier.

Four analysts polled by FactSet expected $1.16.

Revenue for the quarter ended Dec. 31 -- expressed as the sum of net interest income and total noninterest income -- was $176.9 million, down from $177.2 million a year earlier.

Two analysts surveyed by FactSet expected $175.1 million.

Price: 59.61, Change: -4.31, Percent Change: -6.74