Dave Inc. Expands Share Repurchase Authorization to $125 Million Following Strong Buyback Activity

Core Points - Dave Inc. has increased its share repurchase authorization to $125 million from the previous $50 million [1] - The company has repurchased approximately $25 million of its common stock since reporting its second quarter earnings [2] - Year-to-date, Dave has invested over $45 million in share repurchases and RSU net settlements [2] - The COO and CFO of Dave expressed confidence in the company's outlook and business model durability [3] - The company plans to continue share repurchases opportunistically based on market conditions [3][4] Share Repurchase Program - The new repurchase program allows for various methods of share repurchase, including open market and privately negotiated transactions [4] - The timing and total amount of repurchases will be determined by management based on several factors [4] - The program does not obligate the company to acquire a specific number of shares and can be modified or terminated at any time [5] Company Overview - Dave is a leading U.S. neobank and fintech company serving millions of Americans [6] - The company utilizes disruptive technologies to provide banking services at lower costs compared to traditional banks [6]