Independent Bank Corporation (NASDAQ:IBCP) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET
Company Participants
Brad Kessel – President and Chief Executive Officer
Joel Rahn – Executive President, Commercial Banking
Gavin Mohr – Executive President, Head of Commercial Banking
Conference Call Participants
Adam Kroll – Piper Sandler
Brendan Nosal – Hovde Group
Matt Renck – KBW
Operator
Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Fourth Quarter Results. My name is Ezra and I will be your coordinator today. [Operator Instructions]
I will now hand you over to Brad Kessel, President and CEO to begin. Please go ahead.
Brad Kessel
Good morning, and welcome to today’s call. Thank you for joining us for Independent Bank Corporation’s Conference Call and Webcast to discuss the Company’s Fourth Quarter 2024 Results. I am Brad Kessel, President and Chief Executive Officer, and joining me is Gavin Mohr, Executive Vice President and Chief Financial Officer; and Joel Rahn, Executive President and Head of our Commercial Banking.
Before we begin today’s call, I’d like to direct you to the important information on page two of our presentation, specifically the cautionary note regarding forward-looking statements. If anyone does not already have a copy of the press release issued by us today, you can access it at the company’s website independentbank.com. The agenda for today’s call will include prepared remarks followed by a question-and-answer session and then closing remarks.
Independent Bank Corporation reported fourth quarter 2024 net income of $18.5 million or $0.87 per diluted share versus net income of $13.7 million or $0.65 per diluted share in the prior year period.
For the year ended December 31, 2024, the company reported net income of $66.8 million or $3.16 per diluted share, compared to net income of $59.1 million or $2.79 per diluted share in 2023. Our fourth quarter performance marked
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