Independent Bank Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $54,827,000, net interest income of $49,820,000, income before income taxes of $22,179,000, net income of $15,978,000 or $0.66 per diluted share compared to the total interest income of $52,571,000, net interest income of $46,905,000, income before income taxes of $13,374,000, net income of $10,588,000 or $0.45 per diluted share for the same quarter a year ago. Tangible book value per share increased $0.52 during the quarter and now stands at $19.18.

For the year, the company reported total interest income of $216,459,000, net interest income of $196,042,000, income before income taxes of $83,774,000, net income of $59,845,000 or $2.49 per diluted share compared to the total interest income of $205,914,000, net interest income of $182,578,000, income before income taxes of $66,738,000, net income of $50,254,000 or $2.18 per diluted share for the previous year. On an operating basis, the return on average assets was 1.02% and the return on average equity was 10.29%. Year-to-date, tangible book value per share has increased by $2.

The company provided earnings guidance for the year 2015. For the year, the company anticipated operating diluted earnings per share will be in the range between $2.63 and $2.73.

For the fourth quarter, total net charge-offs were $1.7 million, or 0.13% of average loans on an annualized basis, relatively consistent with the prior quarter results.