Loading...
•
Dec 31, 2023
Independent Bank Q4 2023 Earnings Report
Reported a decrease in net income compared to the previous quarter, but achieved solid financial results overall in 2023.
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.
Forward Guidance
Independent Bank Corp. did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...