Regional banking company Independent Bank (NASDAQ: INDB) will be reporting earnings this Thursday afternoon. Here’s what to look for.

Independent Bank met analysts’ revenue expectations last quarter, reporting revenues of $243.7 million, up 39.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ tangible book value per share estimates but a narrow beat of analysts’ EPS estimates.

Is Independent Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Independent Bank’s revenue to grow 40.6% year on year to $248.2 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.65 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Independent Bank has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.6% on average.

Looking at Independent Bank’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ServisFirst Bancshares delivered year-on-year revenue growth of 22.9%, beating analysts’ expectations by 6.8%, and Simmons First National reported revenues up 15.9%, topping estimates by 4.1%.

Read our full analysis of ServisFirst Bancshares’s results here and Simmons First National’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices flat over the last month. Independent Bank is down 2.3% during the same time and is heading into earnings with an average analyst price target of $83.40 (compared to the current share price of $75.39).

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