Independent Bank Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 40.11 million compared to USD 40.6 million a year ago. Net income was USD 13.74 million compared to USD 15.09 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.65 compared to USD 0.71 a year ago.
For the full year, net interest income was USD 156.33 million compared to USD 149.56 million a year ago. Net income was USD 59.07 million compared to USD 63.35 million a year ago. Basic earnings per share from continuing operations was USD 2.82 compared to USD 3 a year ago. Diluted earnings per share from continuing operations was USD 2.79 compared to USD 2.97 a year ago.