Independent Bank Q4 2023 Earnings Report
Key Takeaways
Independent Bank Corp. reported a fourth-quarter net income of $54.8 million, or $1.26 per diluted share. Total assets reached $19.3 billion, and total loans amounted to $14.3 billion. The company executed a stock repurchase plan, buying back 1.3 million shares for $69.0 million.
Net income for the fourth quarter was $54.8 million, or $1.26 per diluted share, a decrease of 9.9% compared to the prior quarter.
Total assets remained relatively consistent with the prior quarter at $19.3 billion.
Total loans increased by 0.4% compared to the prior quarter, reaching $14.3 billion.
The company repurchased 1.3 million shares of common stock for $69.0 million during the quarter.
Independent Bank
Independent Bank
Forward Guidance
Independent Bank Corp. did not provide specific forward guidance in the earnings report.