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PROSPERITY BANCSHARES, INC.® ANNOUNCES STOCK REPURCHASE PROGRAM
Prnewswire· 2026-01-26 22:00
Core Viewpoint - Prosperity Bancshares, Inc. has authorized a stock repurchase program allowing the company to buy back up to 5% of its outstanding common stock, approximately 4.87 million shares, over a one-year period ending January 26, 2027 [1] Group 1: Stock Repurchase Program - The repurchase program will be executed at management's discretion and may involve open market transactions or trading plans compliant with Rule 10b5-1 of the Securities Exchange Act of 1934 [2] - The actual number of shares repurchased will depend on various factors including market conditions, price, and corporate liquidity requirements [2][3] - The company is not obligated to repurchase a specific number of shares and may suspend or terminate the program at any time without prior notice [3] Group 2: Company Overview - Prosperity Bancshares, Inc. is a regional financial holding company based in Houston, Texas, with total assets of $38.330 billion as of September 30, 2025 [4] - The company provides a range of personal banking services and investments to consumers and businesses in Texas and Oklahoma, operating 301 full-service banking locations [4][5] - Founded in 1983, Prosperity Bancshares emphasizes a community banking philosophy, offering traditional deposit and loan products, digital banking solutions, and wealth management services [4]