Independent Bank Corporation Announces the Adoption of its 2026 Share Repurchase Plan

Core Viewpoint - Independent Bank Corporation has authorized a share repurchase plan for 2026, allowing the buyback of up to 1,100,000 shares, which is approximately 5% of its common stock [1]. Group 1: Share Repurchase Plan - The 2026 share repurchase plan is set to last through December 31, 2026, and will primarily be executed through open market transactions, although other methods may be considered [2]. - The timing and amount of share repurchases will depend on various factors, including securities law restrictions, trading price, regulatory requirements, alternative capital uses, and the company's financial performance [2]. - The company has no obligation to repurchase a specific amount of stock, and the plan can be modified or suspended at its discretion [2]. Group 2: Previous Share Repurchase Activity - The 2025 share repurchase plan will expire on December 31, 2025, with 407,113 shares repurchased at an aggregate cost of $12.4 million as of December 16, 2025 [3]. Group 3: Company Overview - Independent Bank Corporation, a Michigan-based bank holding company, has total assets of approximately $5.5 billion and operates a branch network across Michigan's Lower Peninsula [4]. - The company provides a full range of financial services, including commercial banking, mortgage lending, investments, insurance, and title services [4].