Independent Bank reports authorization of 1.1M share buyback program

Independent Bank (IBCP) Corporation 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. 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.