Independent Bank Corporation Announces the Adoption of Its 2025 Share Repurchase Plan
Independent Bank Corporation Announces the Adoption of Its 2025 Share Repurchase Plan
GRAND RAPIDS, Mich., Dec. 17, 2024 (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 2025 share repurchase plan on December 17, 2024. Under the terms of the 2025 share repurchase plan, the Company is authorized to buy back up to 1,100,000 shares, representing approximately 5% of its common stock. The 2025 share repurchase plan is authorized to last through December 31, 2025.
密歇根州大急流城，2024年12月17日（環球新聞專線）——總部位於密歇根州的社區銀行獨立銀行的控股公司獨立銀行公司（納斯達克股票代碼：IBCP）宣佈，其董事會於2024年12月17日批准了2025年股票回購計劃。根據2025年股票回購計劃的條款，公司有權回購多達1,100,000股股票，約佔其普通股的5％。2025年股票回購計劃的授權有效期至2025年12月31日。
The Company intends to accomplish 2025 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 2025 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.
該公司打算通過公開市場交易完成2025年的股票回購，儘管公司可以通過其他方式完成回購，例如私下談判的交易。任何股票回購的時間和金額將取決於多種因素，包括證券法限制、公司普通股的交易價格、監管要求、潛在的資本替代用途以及公司的財務業績。2025年股票回購計劃並未規定公司有義務收購任何特定數量的普通股，公司可以隨時自行決定修改或暫停該計劃。該公司預計將從手頭現金中爲任何回購提供資金。
The Company's 2024 share repurchase plan will expire on December 31, 2024. Through December 17, 2024, the Company had not repurchased any shares of its common stock.
該公司的2024年股票回購計劃將於2024年12月31日到期。截至2024年12月17日，該公司尚未回購任何普通股。
About Independent Bank Corporation
獨立銀行公司簡介
Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.3 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments, insurance and title services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.
獨立銀行公司（納斯達克股票代碼：IBCP）是一家總部位於密歇根州的銀行控股公司，總資產約爲53億美元。獨立銀行公司成立於1864年，名爲愛奧尼亞第一國民銀行，通過一家州特許銀行子公司在密歇根州下半島經營分行網絡。該子公司（獨立銀行）提供全方位的金融服務，包括商業銀行、抵押貸款、投資、保險和產權服務。獨立銀行公司致力於爲其客戶、股東及其所服務的社區提供卓越的個人服務和價值。
For more information, please visit our Web site at: IndependentBank.com.
欲了解更多信息，請訪問我們的網站：IndependentBank.com。
| Contact: | William B. Kessel, President and CEO, 616.447.3933 |
| Gavin A. Mohr, Chief Financial Officer, 616.447.3929 |
| 聯繫人： | 威廉·貝·凱塞爾，總裁兼首席執行官，616.447.3933 |
| Gavin A. Mohr，財務長，616.447.3929 |
