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（環球新聞通訊社）—— 美國獨立銀行公司（納斯達克：IBCP），作爲密歇根州的一家社區銀行的控股公司，宣佈其董事會於2024年12月17日授權了一項2025年回購計劃。根據2025年回購計劃的條款，公司被授權回購最多1,100,000股，佔其普通股的約5%。2025年回購計劃被授權持續到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.
公司打算通過公開市場交易來完成2025年的股票回購，儘管公司也可以通過其他方式，例如私下協商交易，來完成回購。任何股票回購的時間和數量將取決於多種因素，包括證券法限制、公司普通股的交易價格、監管要求、資本的潛在替代用途，以及公司的財務表現。2025年回購計劃並不要求公司必須收購任何特定數量的普通股，並且可以在公司自由裁量權下隨時修改或暫停。公司預計將使用手頭的現金來資助任何回購。
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.
公司的2024年回購計劃將於2024年12月31日到期。截至2024年12月17日，公司尚未回購任何普通股。
About Independent Bank Corporation
關於密歇根獨立銀行控股公司
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.
美國獨立銀行公司（納斯達克：IBCP）是一家位於密歇根州的銀行控股公司，總資產約爲53億美元。美國獨立銀行公司成立於1864年，原名Ionia第一國家銀行，通過一家州特許的銀行子公司在密歇根州下半島經營分支網絡。該子公司（美國獨立銀行）提供全方位的金融服務，包括商業銀行、按揭貸款、投資、保險和產權服務。美國獨立銀行公司致力於爲客戶、股東和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： | 威廉·B·凱瑟爾，總裁兼首席執行官，616.447.3933 |
| 加文·A·莫赫，首席財務官，616.447.3929 |
譯文內容由第三人軟體翻譯。
