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Auburn National Bancorporation Authorizes Stock Repurchase Program
Globenewswire· 2026-03-17 21:00
Core Viewpoint - Auburn National Bancorporation, Inc. has announced a new stock repurchase program authorizing the repurchase of up to $5 million of its common stock, following the expiration of the previous program on April 15, 2024 [1] Group 1: Stock Repurchase Program - The new stock repurchase program allows for the repurchase of shares until the earliest of the expenditure of $5 million, termination or replacement of the plan, or March 15, 2027 [1] - The company may engage in various types of repurchases, including open-market purchases, private purchases, negotiated transactions, and block purchases [1] - The company is not obligated to acquire a specific number of shares and can suspend or terminate repurchases at any time [2] Group 2: Company Overview - Auburn National Bancorporation, Inc. is the parent company of AuburnBank, with total assets of approximately $1.0 billion [3] - AuburnBank is an Alabama state-chartered bank that has been operating since 1907 and is a member of the Federal Reserve System [3] - The bank primarily conducts business in East Alabama, operating seven full-service branches and a loan production office [3]
Core Molding Technologies Announces $7,500,000 Stock Repurchase Program
Globenewswire· 2026-03-12 20:05
Core Viewpoint - Core Molding Technologies, Inc. has authorized a stock repurchase program of up to $7,500,000 to enhance shareholder value and reflects the company's strong financial position and confidence in long-term growth prospects [1][2] Stock Repurchase Program - The stock repurchase will be conducted in the open market and in compliance with applicable securities laws, with no obligation for the company to acquire a specific amount of stock, and the program may be suspended or terminated at the company's discretion [3] Company Overview - Core Molding Technologies specializes in engineered materials, focusing on molded structural products for various industries including building products, utilities, transportation, and powersports across North America [4] - The company operates as a molder of thermoplastic and thermoset structural products, offering a range of manufacturing processes to meet diverse program volume and investment requirements [4] - Core Molding serves multiple markets such as medium and heavy-duty trucks, marine, automotive, agriculture, and construction, with demand influenced by economic conditions in the U.S., Mexico, and Canada [4]
BRT Apartments Corp. Declares First Quarter 2026 Dividend and Announces Increase to Current Stock Repurchase Program
Globenewswire· 2026-03-11 20:15
Core Viewpoint - BRT Apartments Corp. has declared a quarterly dividend of $0.25 per share and extended its share repurchase program with an increased value of $10 million [1][2]. Group 1: Dividend Announcement - The Board of Directors declared a quarterly dividend of $0.25 per share [1] - The dividend is payable on April 6, 2026, to stockholders of record as of March 27, 2026 [1] Group 2: Share Repurchase Program - The share repurchase program has been extended through December 31, 2028 [1] - The value of shares to be repurchased has been increased to $10 million [1] Group 3: Company Overview - BRT is a real estate investment trust that owns, operates, and holds interests in joint ventures for multi-family properties [2] - As of March 11, 2026, BRT owns or has interests in 31 multi-family properties with a total of 8,311 units across 11 states [2] - The company also has preferred equity investments in two multi-family properties [2]
StepStone Group Announces $100 Million Stock Repurchase Program
Globenewswire· 2026-03-09 20:05
Core Viewpoint - StepStone Group Inc. has authorized a stock repurchase program of up to $100 million for its Class A common stock, reflecting its capital-efficient business model and commitment to returning value to shareholders [1][2]. Group 1: Stock Repurchase Program - The stock repurchase program allows StepStone to buy back shares through various means, including open market purchases and privately negotiated transactions, with the timing and amount determined by management based on market conditions [2]. - The program is designed to complement the company's ongoing dividend strategy, which includes a recurring annual supplemental dividend alongside its normal quarterly dividend [2]. Group 2: Financial Performance and Client Base - As of December 31, 2025, StepStone managed approximately $811 billion in total capital, with $220 billion in assets under management, indicating a strong position in the private markets investment sector [3]. - The company serves a diverse clientele, including large public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals, showcasing its broad market reach [3].
Simmons First National Corporation Announces Common Stock Repurchase Program
Prnewswire· 2026-02-17 21:30
Core Viewpoint - Simmons First National Corporation has authorized a new stock repurchase program allowing for the repurchase of up to $175 million of its Class A common stock, replacing the previous program that ended on January 31, 2026 [1] Group 1: Stock Repurchase Program - The new stock repurchase program will enable the company to buy back shares through open market and privately negotiated transactions, including Rule 10b5-1 programs [1] - The management will determine the timing, pricing, and amount of repurchases based on factors such as trading volume, market price, corporate considerations, and economic conditions [1] - The program is set to terminate on January 31, 2028, unless terminated sooner, and does not obligate the company to repurchase any stock [1] Group 2: Company Background - Simmons First National Corporation is a financial holding company based in the Mid-South, with a history of paying cash dividends for 116 consecutive years [1] - Its principal subsidiary, Simmons Bank, operates over 220 branches across several states including Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas [1] - The bank has received multiple recognitions, including being named one of America's Best Regional Banks and Credit Unions for 2026 by Newsweek [1]
Independent Advisor Alliance Purchases 29,191 Shares of Truist Financial Corporation $TFC
Defense World· 2026-02-01 08:04
Core Insights - Independent Advisor Alliance increased its holdings in Truist Financial by 9.7% in Q3, owning 329,093 shares valued at $15,046,000 after acquiring an additional 29,191 shares [2] - Several institutional investors, including Keybank National Association and National Pension Service, also raised their stakes in Truist Financial during the same period, indicating strong institutional interest [3] Institutional Holdings - Keybank National Association OH boosted its stake by 14.5%, now owning 103,308 shares worth $4,723,000 after acquiring 13,058 shares [3] - National Pension Service increased its position by 2.6%, owning 3,381,215 shares valued at $154,589,000 after buying 85,824 shares [3] - Twin City Private Wealth LLC raised its holdings by 15.3%, now owning 33,755 shares valued at $1,543,000 after purchasing 4,468 shares [3] - 71.28% of Truist Financial's stock is currently owned by institutional investors [3] Insider Transactions - CFO Michael Baron Maguire sold 13,000 shares at an average price of $50.13, totaling $651,690, resulting in a 14.89% decrease in ownership [4] - Director K. David Jr. Boyer sold 5,160 shares at an average price of $46.45, totaling $239,682, leading to a 33.70% decrease in ownership [4] - Insiders own 0.17% of the company's stock [4] Stock Performance - Truist Financial's stock opened at $51.44, with a 12-month low of $33.56 and a high of $51.67 [5] - The company has a market cap of $65.80 billion, a P/E ratio of 13.50, and a P/E/G ratio of 0.87 [5] Earnings Results - Truist Financial reported $1.00 EPS for the last quarter, missing the consensus estimate of $1.09 by $0.09 [6] - Revenue for the quarter was $5.25 billion, compared to the consensus estimate of $5.32 billion, with a year-over-year revenue increase of 3.6% [6] Stock Repurchase Program - The Board of Directors approved a stock repurchase program authorizing the buyback of $10.00 billion in shares, representing up to 15.7% of its shares [7] Dividend Announcement - Truist Financial declared a quarterly dividend of $0.52, with an annualized dividend of $2.08 and a dividend yield of 4.0% [9] Analyst Ratings - Piper Sandler raised the target price from $50.00 to $53.00, maintaining a "neutral" rating [10] - TD Cowen increased the price objective from $59.00 to $60.00, giving a "buy" rating [10] - The average price target for Truist Financial is $54.20, with seven analysts rating it as "buy" and seven as "hold" [10]
First Hawaiian, Inc. Reports Fourth Quarter 2025 Financial Results and Declares Dividend
Globenewswire· 2026-01-30 13:00
Core Viewpoint - First Hawaiian, Inc. reported strong financial results for the fourth quarter of 2025, highlighting growth in loans and deposits, and maintaining its position as the most profitable bank in Hawaii [1][12]. Financial Performance - Net income for the fourth quarter of 2025 was $69.9 million, or $0.56 per diluted share, compared to $73.8 million in the prior quarter [12][27]. - Net interest income increased to $170.3 million, up by $1.0 million from the previous quarter, with a net interest margin of 3.21%, an increase of 2 basis points [5][12]. - Noninterest income was $55.6 million, a decrease of $1.5 million from the prior quarter [7][12]. - Noninterest expense decreased slightly to $125.1 million from $125.7 million in the previous quarter, resulting in an efficiency ratio of 55.1% [8][12]. Balance Sheet Highlights - Total assets were $24.0 billion as of December 31, 2025, down from $24.1 billion at the end of the previous quarter [4][12]. - Gross loans and leases increased to $14.3 billion, up by $183.1 million from the prior quarter [4][12]. - Total deposits decreased to $20.5 billion, down by $213.9 million from the previous quarter [4][12]. - Total stockholders' equity rose to $2.8 billion, compared to $2.7 billion at the end of the previous quarter [11][12]. Credit Quality - The allowance for credit losses was $168.5 million, or 1.18% of total loans and leases, compared to $165.3 million, or 1.17%, in the prior quarter [10][12]. - Net charge-offs for the quarter were $5.0 million, or 0.14% of average loans and leases, compared to $4.2 million, or 0.12%, in the previous quarter [10][12]. Capital Management - The Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on February 27, 2026 [1][12]. - A stock repurchase program was adopted for up to $250.0 million of outstanding common stock [2][12]. - The company repurchased approximately 1.0 million shares at a total cost of $26.0 million during the fourth quarter [13][12]. Taxation - The effective tax rate for the fourth quarter was 24.8%, up from 23.2% in the prior quarter [9][12].
Peoples Financial Corporation Reports Results for The Fourth Quarter of 2025
Globenewswire· 2026-01-29 15:25
Core Viewpoint - Peoples Financial Corporation reported a significant decrease in net income for both the fourth quarter and the full year of 2025 compared to 2024, primarily due to lower interest income and the absence of a prior year tax benefit [1][4][5]. Financial Performance - Net income for Q4 2025 was $716,000, down from $1,528,000 in Q4 2024, resulting in earnings per share of $0.16 compared to $0.33 in the previous year [2][18]. - For the full year 2025, net income decreased to $3,911,000 from $21,703,000 in 2024, with earnings per share dropping to $0.85 from $4.66 [4][18]. Revenue and Expenses - Total interest income for Q4 2025 decreased by $1,071,000 to $6,569,000, while total interest expense decreased by $134,000 to $1,930,000 [3][18]. - For the year ended 2025, total interest income fell by $4,592,000 to $28,502,000, and total interest expense decreased by $1,496,000 to $8,147,000 [5][18]. Asset Quality and Equity - Total shareholders' equity increased by $10,666,000 to $100,667,000 as of December 31, 2025, partly due to earnings and a reduction in unrealized losses on securities [9][22]. - The company reported unrealized losses on available-for-sale securities of $28,929,000 as of December 31, 2025, down from $38,006,000 in 2024, attributed to higher interest rates affecting market values [9][22]. Liquidity and Deposits - Total deposits decreased by $116,301,000 to $604,429,000 as of December 31, 2025, primarily due to the loss of large public fund deposits [12][22]. - The bank's leverage ratio remained strong at 15.76% as of December 31, 2025, unaffected by unrealized losses due to a prior opt-out election [10][22]. Operational Insights - The company maintains a well-capitalized balance sheet with strong capital and liquidity, providing a full range of banking services in local markets [11]. - The bank's leadership is focused on maintaining high-quality assets and monitoring economic conditions closely [8].
Merchants Bancorp Announces $100 Million Stock Repurchase Program
Prnewswire· 2026-01-28 21:10
Core Viewpoint - Merchants Bancorp has announced a stock repurchase program of up to $100 million, set to expire on December 31, 2027, aimed at enhancing shareholder value [1]. Group 1: Stock Repurchase Program - The stock repurchase program allows Merchants to buy back shares in the open market or through other means, with management determining the appropriate prices, quantities, and terms [2]. - The program is not mandatory and can be modified, suspended, or discontinued at the discretion of the Board of Directors [2]. - Repurchases will be influenced by various factors, including market conditions and the financial and regulatory status of Merchants [3]. Group 2: Company Overview - Merchants Bancorp is a diversified bank holding company based in Carmel, Indiana, recognized as a top-performing U.S. public bank by S&P Global Market Intelligence [4]. - The company operates multiple segments, including Multi-family Mortgage Banking, Mortgage Warehousing, and traditional community banking, with total assets of $19.4 billion and deposits of $13.0 billion as of December 31, 2025 [4].
Riverview Bancorp, Inc. Announces $4.0 Million Stock Repurchase Program
Globenewswire· 2026-01-28 21:00
Core Viewpoint - Riverview Bancorp, Inc. has announced a stock repurchase program aimed at enhancing shareholder value by repurchasing up to $4.0 million of its outstanding shares [1][2][3] Group 1: Stock Repurchase Program - The company plans to repurchase shares in the open market or through privately negotiated transactions, with the program effective until the earlier of completion or 12 months from the effective date [2] - The decision to double the size of the stock repurchase program reflects a disciplined approach to deploying excess capital and is seen as a prudent use of capital to strengthen shareholder value [3] Group 2: Management and Trading Plan - The Board of Directors has authorized management to enter into a trading plan with Keefe, Bruyette & Woods, Inc. under Rule 10b5-1 to facilitate the repurchase of common stock [4] - This plan allows the company to execute trades during periods when it might otherwise be restricted due to possession of material non-public information or insider trading laws [4] Group 3: Company Overview - Riverview Bancorp, Inc. is headquartered in Vancouver, Washington, with assets totaling $1.51 billion as of December 31, 2025, and operates 17 branches [5] - The company has been recognized as the Best Bank by readers of local publications for the past 11 years, indicating a strong community presence and customer satisfaction [5]