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Midland States Bancorp, Inc. Announces Authorization of New $25 Million Stock Repurchase Program
Globenewswire· 2025-11-03 21:46
Core Viewpoint - Midland States Bancorp, Inc. has announced a new stock repurchase program authorizing the repurchase of up to $25 million of its common stock, effective from November 3, 2025, to November 2, 2026, reflecting confidence in its capital position and growth potential [1][2]. Group 1: Stock Repurchase Program - The new stock repurchase program allows the company to buy back up to $25 million of its common stock [1]. - The previous stock repurchase program expired on December 31, 2024 [1]. - Repurchases may occur on the open market or through privately negotiated transactions, depending on various factors such as price and market conditions [2]. Group 2: Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank [3]. - As of September 30, 2025, the company had total assets of approximately $6.91 billion, with its Wealth Management Group managing assets under administration of about $4.36 billion [3]. - The company offers a comprehensive range of banking products and services, including commercial and consumer banking, business equipment financing, and financial planning services [3].
CIB Marine Bancshares, Inc. Expands Common Stock Repurchase Plan - CIB Marine Bancshares (OTC:CIBH)
Benzinga· 2025-11-03 10:45
Core Points - CIB Marine Bancshares, Inc. has extended its common stock repurchase program through December 31, 2026, and increased the total repurchase authorization from $1 million to $2.5 million [1][2] - The company has repurchased approximately $876,000 of its common stock under the program, indicating significant progress towards the authorized total [2] - The extension and increase in the repurchase program reflect the company's commitment to enhancing shareholder value and maintaining capital management flexibility [2][3] Company Overview - CIB Marine Bancshares, Inc. is the parent company of CIBM Bank, which operates nine banking offices and has mortgage loan officers and/or offices in six states [4]
CIB Marine Bancshares, Inc. Expands Common Stock Repurchase Plan
Globenewswire· 2025-11-03 10:45
Core Points - CIB Marine Bancshares, Inc. has authorized an extension of its common stock repurchase program through December 31, 2026, increasing the total repurchase authorization from $1 million to $2.5 million [1][2] - The company has repurchased approximately $876,000 of its common stock under the program, indicating significant progress towards the total authorized amount [2] - The extension and increase in the repurchase program reflect the company's commitment to enhancing shareholder value and maintaining capital management flexibility [2][3] Company Overview - CIB Marine Bancshares, Inc. is the parent company of CIBM Bank, which operates nine banking offices and has mortgage loan officers and/or offices in six states [4] - The company aims to deploy capital in ways that benefit shareholders and support sustainable growth while maintaining a strong regulatory capital position [3]
Mitsubishi Electric Announces Status and Conclusion of Company Stock Repurchase
Businesswire· 2025-10-31 06:50
Core Points - Mitsubishi Electric Corporation has concluded its stock repurchase program, which was approved by the Board of Directors on April 28, 2025, in accordance with Japanese corporate law [1][2] - The company repurchased a total of 29,893,600 shares, with an aggregate value of JPY 18,618,025,600 as of October 30, 2025 [2][5] - The company reported a revenue of JPY 5,521.7 billion (approximately USD 36.8 billion) for the fiscal year ending March 31, 2025 [3] Stock Repurchase Details - Type of shares repurchased: Common stock [2] - Maximum number of shares approved for repurchase: 60,000,000 shares, representing 2.89% of issued and outstanding shares [2] - Maximum aggregate value for the repurchase program: JPY 100 billion [2] - Repurchase period: April 30, 2025, to October 31, 2025 [2] Financial Performance - Consolidated revenue for the first half of fiscal 2026 (ending September 30, 2025) was JPY 2,732.5 billion, reflecting a year-on-year increase of JPY 88.9 billion, or 103% [5] - Operating profit details were not fully disclosed in the provided text [5] Strategic Investments - Mitsubishi Electric Hydronics & IT Cooling Systems has acquired a stake in Intramech Pty Ltd., a South African company specializing in HVAC and IT cooling systems [6][7] - This investment aims to enhance Mitsubishi Electric's sales and service capabilities in the region [7] Collaborative Initiatives - Mitsubishi Electric, in collaboration with Waseda University, Technical University of Denmark, and The University of Sydney, is developing a thermal comfort index to promote health and productivity in office environments [8]
Business First Bancshares, Inc. Announces Stock Repurchase Program
Globenewswire· 2025-10-28 20:30
Core Points - Business First Bancshares, Inc. has announced a stock repurchase program with an aggregate purchase price of up to $30 million over a 24-month period starting from October 28, 2025, to October 28, 2027 [1][2]. Group 1: Stock Repurchase Program - The repurchases may occur in the open market or through privately negotiated transactions, depending on management's assessment of attractive prices and the best interests of the company and its shareholders [2]. - The program is not obligatory, and there is no assurance that shares will be repurchased; it can be modified, suspended, or terminated at the Board's discretion [3]. Group 2: Company Overview - As of September 30, 2025, Business First Bancshares, Inc. has $8.0 billion in assets and $5.7 billion in assets under management through its affiliate, Smith Shellnut Wilson LLC, excluding $0.9 billion of b1BANK assets managed by SSW [5]. - b1BANK operates banking centers and loan production offices in Louisiana and Texas, offering commercial and personal banking products and services [5]. - b1BANK has received accolades such as the 2024 Mastercard "Innovation Award" and has been recognized multiple times by American Banker Magazine as one of the "Best Banks to Work For" [5].
ETHZilla Sells Approximately $40mm ETH to Facilitate Stock Repurchases
Prnewswire· 2025-10-27 20:00
Core Insights - ETHZilla Corporation has sold approximately $40 million of its ETH treasury holdings to fund share repurchases, having repurchased around 600,000 shares for about $12 million since October 24, 2025 [1][2] - The company is executing share buybacks at a significant discount to its net asset value (NAV) and plans to continue this strategy until the discount is normalized [1][2] Financial Strategy - The company is leveraging its balance sheet strength by reducing ETH holdings to finance share repurchases, which are expected to be immediately accretive [2] - ETHZilla continues to hold approximately $400 million of ETH to support future strategic initiatives [2] Company Overview - ETHZilla Corporation operates in the decentralized finance (DeFi) industry, aiming to connect financial institutions and businesses through secure blockchain transactions [3] - The company generates recurring revenues through various DeFi protocols that enhance Ethereum network integrity and security [3] - ETHZilla is focused on tokenization solutions, DeFi protocol integration, and other decentralized finance services [3]
Embassy Bancorp, Inc. Announces Stock Repurchase Program
Globenewswire· 2025-10-27 12:30
BETHLEHEM, Pa., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Embassy Bancorp, Inc. (OTCQX: EMYB) (the “Company”), the parent company of Embassy Bank For the Lehigh Valley (the “Bank”), announces that the Board of Directors has authorized the adoption of a stock repurchase program for up to $5 million of its outstanding common stock. The stock repurchase program will become effective October 31, 2025. This is Embassy Bancorp, Inc.’s first stock repurchase program. Repurchases under this program will be made in open mar ...
DECK Q2 Earnings Beat Estimate, HOKA & UGG Posts Double-Digit Growth
ZACKS· 2025-10-24 15:30
Core Insights - Deckers Outdoor Corporation (DECK) reported strong second-quarter fiscal 2026 results, driven by the performance of its HOKA and UGG brands, exceeding expectations and showing year-over-year growth [1][9]. Financial Performance - DECK's quarterly earnings were $1.82 per share, surpassing the Zacks Consensus Estimate of $1.58 and increasing from $1.59 in the prior year [2][9]. - Net sales rose 9.1% year over year to $1.43 billion, exceeding the consensus estimate of $1.41 billion, with constant-currency sales growth of 8.3% [2][9]. - Gross profit increased 9.6% year over year to $803.8 million, with a gross margin of 56.2%, up from 55.9% in the previous year [3][4]. - SG&A expenses rose 11.5% year over year to $477.3 million, representing 33.4% of revenues, reflecting ongoing brand investments [4][16]. - Operating income was $326.5 million, a 7% increase from $305.1 million in the prior year, with an operating margin of 22.8% [4][17]. Brand Performance - HOKA brand sales increased 11.1% year over year to $634.1 million, driven by a 13% rise in wholesale and 8% growth in direct-to-consumer (DTC) sales [5][9]. - UGG brand net sales grew 10.1% to $759.6 million, supported by a 17% increase in wholesale, although DTC sales declined by 10% [6][9]. - Other Brands experienced a decline of 26.5% year over year to $37.2 million, attributed to the phase-out of Koolaburra's standalone operations [7]. Sales Channels and Geography - Wholesale net sales increased 13.4% year over year to $1.04 billion, while DTC net sales declined 0.8% to $394.6 million [8][10]. - Domestic net sales decreased 1.7% to $839.5 million, while international net sales rose 29.3% to $591.3 million [10]. Future Outlook - For fiscal 2026, DECK projects net sales of $5.35 billion, with HOKA expected to grow in the low-teens percentage and UGG in the low to mid-single-digit range [15][17]. - The gross margin is anticipated to be 56%, with SG&A expenses expected to represent 34.5% of revenues [16]. - The operating margin for fiscal 2026 is projected at 21.5%, with earnings per share estimated between $6.30 and $6.39 [17].
X @Bloomberg
Bloomberg· 2025-10-21 20:36
Capital One reported a surge in third-quarter profit, beating Wall Street estimates, and the lender announced plans to repurchase as much as $16 billion of stock in the wake of its acquisition of Discover https://t.co/O6tzUFMBls ...
Why Ubiquiti Stock Surged 25.1% in September
Yahoo Finance· 2025-10-06 09:45
Core Insights - Ubiquiti's shares increased by 25.1% in September, outperforming the S&P 500 and Nasdaq indices, which returned 3.7% and 5.7% respectively [1][3] - The stock's strong performance was driven by positive momentum from a strong fiscal Q4 earnings report released in late August [3][5] Financial Performance - In fiscal Q4, Ubiquiti's revenue rose 50% year over year to $759.2 million, with enterprise technology revenue increasing by 58% to $680.1 million and service provider technology revenue growing by 4% to $79 million [6][8] - Earnings per share (EPS) based on GAAP increased by 56% year over year to $4.41, while adjusted EPS surged 103% to $3.54, significantly exceeding Wall Street's expectation of $2.23 [6][8] Dividend and Stock Buyback - Ubiquiti raised its quarterly dividend by 33% to $0.80 per share, marking the first increase since 2021, with the new dividend payable on September 8 [7][10] - The company initiated a stock repurchase program authorizing the buyback of up to $500 million of its common stock [8]