Independent Bank Corporation Announces the Adoption of its 2025 Share Repurchase Plan
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Independent Bank Corporation has announced a 2025 share repurchase plan, authorizing the buyback of up to 1,100,000 shares, approximately 5% of its common stock, through December 31, 2025.
December 17, 2024 | 6:00 pm
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Independent Bank Corporation has authorized a share repurchase plan for 2025, allowing the buyback of up to 1,100,000 shares, which is about 5% of its common stock.
The announcement of a share repurchase plan typically indicates that the company believes its stock is undervalued, which can lead to a positive short-term impact on the stock price as it reduces the number of shares outstanding, potentially increasing earnings per share.
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