Independent Bank Exceeds EPS Expectations But Faces Revenue Shortfall Independent Bank reported a 13% increase in net income for 2024, reaching $66.8 million. Earnings per share (EPS) beat analyst forecasts by 3.6%, rising to $3.20. However, revenues fell 9.2% short of projections. Despite profitability improvements, analysts predict a 6.4% annual revenue decline over the next two years, contrasting with broader sector growth.1