Independent Bank Corp. announced a new $200 million common stock repurchase plan authorized by its Board, effective April 30, 2026, expiring April 29, 2027.
Key takeaways
Board authorized $200 million stock buyback plan for common stock, effective April 30, 2026.
Repurchases to commence after completing prior July 2025 plan with $10.5 million remaining.
Buybacks via open market, private transactions, or Rule 10b5-1 trading plans.
Timing and extent depend on pricing, market conditions, capital position, and legal requirements.
Plan expires April 29, 2027 and may be modified, suspended, or discontinued without notice.