CVB Financial Corp. Announces Authorization of 10 Million Share Repurchase Plan
CVB Financial Corp. (NASDAQ:CVBF) announced that its Board of Directors has authorized a new share repurchase program for up to 10 million shares of the company's common stock. The 2024 Repurchase Program, which includes provisions for open market purchases and private transactions, replaces the previous 2022 program that had 4,300,059 shares remaining. The company, which holds over $15 billion in total assets, is among the 10 largest bank holding companies headquartered in California and operates Citizens Business Bank with more than 60 banking centers and 3 trust office locations across California.
CVB Financial Corp. (NASDAQ:CVBF) ha annunciato che il suo Consiglio di Amministrazione ha autorizzato un nuovo programma di riacquisto di azioni fino a un massimo di 10 milioni di azioni delle azioni ordinarie della società. Il Programma di Riacquisto 2024, che prevede acquisti sul mercato aperto e transazioni private, sostituisce il precedente programma del 2022 che aveva 4.300.059 azioni rimanenti. L'azienda, che detiene oltre 15 miliardi di dollari in attivi totali, è tra le 10 più grandi società di holding bancaria con sede in California e gestisce Citizens Business Bank con oltre 60 filiali bancarie e 3 uffici fiduciari in tutta la California.
CVB Financial Corp. (NASDAQ:CVBF) anunció que su Junta Directiva ha autorizado un nuevo programa de recompra de acciones por hasta 10 millones de acciones de las acciones ordinarias de la compañía. El Programa de Recompra 2024, que incluye disposiciones para compras en el mercado abierto y transacciones privadas, reemplaza al programa anterior de 2022 que tenía 4,300,059 acciones restantes. La empresa, que posee más de 15 mil millones de dólares en activos totales, se encuentra entre las 10 principales compañías de tenencia bancaria con sede en California y opera Citizens Business Bank con más de 60 centros bancarios y 3 ubicaciones de oficinas fiduciarias en toda California.
CVB Financial Corp. (NASDAQ:CVBF)는 이사회가 회사의 보통주 1천만 주를 최대 한도로 매입하는 새로운 주식 매입 프로그램을 승인했다고 발표했습니다. 2024 매입 프로그램은 공개 시장 구매와 개인 거래에 관한 조항을 포함하고 있으며, 4,300,059 주가 남아 있는 2022년 이전 프로그램을 대체합니다. 총 자산이 150억 달러 이상인 이 회사는 캘리포니아 주에 본사를 둔 10대 은행 지주 회사 중 하나이며, 캘리포니아 전역에 60개 이상의 은행 센터와 3개의 신탁 사무소를 운영하는 Citizens Business Bank를 운영하고 있습니다.
CVB Financial Corp. (NASDAQ:CVBF) a annoncé que son Conseil d'Administration a autorisé un nouveau programme de rachat d'actions pour un maximum de 10 millions d'actions des actions ordinaires de la société. Le Programme de Rachat 2024, qui inclut des dispositions pour des achats sur le marché ouvert et des transactions privées, remplace l'ancien programme de 2022 qui avait 4 300 059 actions restantes. L'entreprise, qui détient plus de 15 milliards de dollars d'actifs totaux, figure parmi les 10 plus grandes sociétés de holding bancaire ayant leur siège en Californie et gère Citizens Business Bank avec plus de 60 agences bancaires et 3 bureaux de fiducie à travers la Californie.
CVB Financial Corp. (NASDAQ:CVBF) gab bekannt, dass der Vorstand ein neues Aktienrückkaufprogramm für bis zu 10 Millionen Aktien der Stammaktien des Unternehmens genehmigt hat. Das Rückkaufprogramm 2024, das Bestimmungen für Käufe am offenen Markt und private Transaktionen umfasst, ersetzt das vorherige Programm von 2022, das noch 4.300.059 Aktien hatte. Das Unternehmen, das über 15 Milliarden Dollar an Gesamtkapital verfügt, gehört zu den 10 größten Bankholdinggesellschaften mit Sitz in Kalifornien und betreibt die Citizens Business Bank mit mehr als 60 Bankfilialen und 3 Treuhandbüros in ganz Kalifornien.
- Authorization of large 10 million share repurchase program
- Strong capital position indicated by size of buyback
- $15 billion in total assets demonstrates significant market presence
- Position as one of top 10 largest bank holding companies in California
- Cancellation of previous buyback program with 4.3 million shares still available
Insights
The 10 million share repurchase authorization represents a significant capital return initiative, accounting for approximately
With over
Ontario, CA, Nov. 21, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) announced that, at its regular meeting on November 20, 2024, the Board of Directors of CVB Financial Corp. (the “Company”), the holding company for Citizens Business Bank, authorized the Company to repurchase up to 10,000,000 shares of the Company’s common stock (the “2024 Repurchase Program”), including by means of one or more Rule 10b5-1 plans or other appropriate buy-back arrangements, including open market purchases and private transactions.
“The approval of this share repurchase program reflects our robust capital position, consistent track record of producing quality earnings, and history of delivering long term value to our shareholders,” said David A. Brager, President and Chief Executive Officer.
This 2024 Repurchase Program replaces in its entirety the Company’s previous 2022 share repurchase program under which 4,300,059 shares remained available for repurchase.
Corporate Overview
CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with over
Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVB Financial Corp., visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab.
Contact: David A. Brager
President and Chief Executive Officer
(909) 980-4030
FAQ
How many shares can CVB Financial Corp. (CVBF) repurchase under its new 2024 program?
When did CVBF announce its new share repurchase program?
What happened to CVBF's previous 2022 share repurchase program?
How many banking centers does Citizens Business Bank (CVBF) operate?
