Business
Independent Bank Corporation Announces the Adoption of its 2026 Share Repurchase Plan
GRAND RAPIDS, Mich., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors authorized a 2026 share repurchase plan on December 16, 2025. Under the terms of the 2026 share repurchase plan, the Company is authorized to buy back up to 1,100,000 shares, representing approximately 5% of its common stock. The 2026 share repurchase plan is authorized to last through D
About this update from Independent Bank Corp.
[{"type":"image","alt":"Independent Bank Corporation","displaySize":"","headline":null,"caption":"Independent Bank Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":253,"url":"https://media.zenfs.com/en/globenewswire.com/36f8851bb666f453e9030d0d1c2c8179"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GQr5oSVxdOL9m4Kd9S2Ocg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM1NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/36f8851bb666f453e9030d0d1c2c8179","width":300,"height":253}},"lazy":false},{"type":"text","content":"GRAND RAPIDS, Mich., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors authorized a 2026 share repurchase plan on December 16, 2025. Under the terms of the 2026 share repurchase plan, the Company is authorized to buy back up to 1,100,000 shares, representing approximately 5% of its common stock. The 2026 share repurchase plan is authorized to last through December 31, 2026.","length":517,"tagName":"p"},{"type":"text","content":"The Company intends to accomplish 2026 share repurchases through open market transactions, though the Company could accomplish repurchases through other means, such as privately negotiated transactions. The timing and amount of any share repurchases will depend on a variety of factors, including, among others, securities law restrictions, the trading price of the Company's common stock, regulatory requirements, potential alternative uses for capital, and the Company's financial performance. The 2026 share repurchase plan does not obligate the Company to acquire any particular amount of common stock, and it may be modified or suspended at any time at the Company's discretion. The Company expects to fund any repurchases from cash on hand.","length":758,"tagName":"p"},{"type":"text","content":"The Company’s 2025 share repurchase plan will expire on December 31, 2025. Through December 16, 2025, the Company repurchased 407,113 shares of its common stock at an aggregate cost of $12.4 million.","length":199,"tagName":"p"},{"type":"text","content":"About Independent Bank Corporation","length":34,"tagName":"p"},{"type":"text","content":"Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with t...