National Capital Bancorp, Inc. Announces Share Repurchase Program
National Capital Bancorp (OTC Pink: NACB) has announced a share repurchase program of up to $600,000. The program allows for the repurchase of a maximum of 12,000 shares (approximately 1.0% of outstanding shares) through open market or private transactions, with an expiration date of February 28, 2026.
The company maintains flexibility in the program's execution, with no obligation to purchase any specific number of shares. Management has sole discretion over repurchases, which will depend on market pricing, conditions, and other business considerations. The program can be suspended, modified, or terminated at any time without prior notice.
National Capital Bancorp (OTC Pink: NACB) ha annunciato un programma di riacquisto di azioni fino a $600.000. Il programma consente il riacquisto di un massimo di 12.000 azioni (circa l'1,0% delle azioni in circolazione) tramite transazioni sul mercato aperto o private, con una data di scadenza del 28 febbraio 2026.
L'azienda mantiene flessibilità nell'esecuzione del programma, senza obbligo di acquistare un numero specifico di azioni. La direzione ha piena discrezione sui riacquisti, che dipenderanno dai prezzi di mercato, dalle condizioni e da altre considerazioni aziendali. Il programma può essere sospeso, modificato o terminato in qualsiasi momento senza preavviso.
National Capital Bancorp (OTC Pink: NACB) ha anunciado un programa de recompra de acciones de hasta $600,000. El programa permite la recompra de un máximo de 12,000 acciones (aproximadamente el 1.0% de las acciones en circulación) a través de transacciones en el mercado abierto o privadas, con una fecha de vencimiento del 28 de febrero de 2026.
La empresa mantiene flexibilidad en la ejecución del programa, sin obligación de comprar un número específico de acciones. La dirección tiene plena discreción sobre las recompras, que dependerán de los precios de mercado, las condiciones y otras consideraciones comerciales. El programa puede ser suspendido, modificado o terminado en cualquier momento sin previo aviso.
내셔널 캐피탈 뱅코프 (OTC 핑크: NACB)는 최대 $600,000의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 공개 시장 또는 사적인 거래를 통해 최대 12,000주 (약 1.0%의 유통 주식)까지 매입할 수 있으며, 만료일은 2026년 2월 28일입니다.
회사는 프로그램 실행에 유연성을 유지하며, 특정 수의 주식을 구매할 의무는 없습니다. 경영진은 매입에 대한 전적인 재량권을 가지며, 이는 시장 가격, 조건 및 기타 비즈니스 고려 사항에 따라 달라질 것입니다. 프로그램은 사전 통보 없이 언제든지 중단, 수정 또는 종료될 수 있습니다.
National Capital Bancorp (OTC Pink: NACB) a annoncé un programme de rachat d'actions d'un montant pouvant atteindre $600,000. Ce programme permet le rachat d'un maximum de 12,000 actions (environ 1,0 % des actions en circulation) par le biais de transactions sur le marché ouvert ou privées, avec une date d'expiration fixée au 28 février 2026.
La société conserve une flexibilité dans l'exécution du programme, sans obligation d'acheter un nombre spécifique d'actions. La direction a le plein pouvoir discrétionnaire sur les rachats, qui dépendront des prix du marché, des conditions et d'autres considérations commerciales. Le programme peut être suspendu, modifié ou résilié à tout moment sans préavis.
National Capital Bancorp (OTC Pink: NACB) hat ein Aktienrückkaufprogramm von bis zu $600.000 angekündigt. Das Programm ermöglicht den Rückkauf von maximal 12.000 Aktien (etwa 1,0% der ausstehenden Aktien) über den offenen Markt oder private Transaktionen, mit einem Ablaufdatum vom 28. Februar 2026.
Das Unternehmen behält sich Flexibilität bei der Ausführung des Programms vor, ohne Verpflichtung, eine bestimmte Anzahl von Aktien zu kaufen. Das Management hat das alleinige Ermessen über die Rückkäufe, die von den Marktpreisen, den Bedingungen und anderen geschäftlichen Überlegungen abhängen. Das Programm kann jederzeit ohne vorherige Ankündigung ausgesetzt, geändert oder beendet werden.
- Share repurchase program of $600,000 approved
- Program indicates effective use of excess capital
- Potential enhancement of shareholder value through reduced share count
- Small buyback size (only 1% of outstanding shares)
- No guarantee on actual number of shares to be repurchased
“We are excited to announce approval of the share repurchase program, which we believe will be beneficial to the Company and its continuing shareholders and a good use of excess capital,” said Bank CEO Jimmy Olevson.
National Capital Bancorp, Inc. is the holding company for The National Capital Bank of Washington which was founded in 1889 and is Washington’s Oldest Bank. NCB is headquartered on Capitol Hill with offices in the
Forward Looking Statements
This news release may contain certain forward-looking statements, such as statements of the Company’s plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified using words such as “expects,” “subject,” “will,” “intends,” “will be” or “would,” These statements are subject to change based on various important factors (some of which are beyond the Company’s control), and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management’s analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of the Company to effectively manage its growth and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250226615211/en/
Randal J. Rabe, EVP, Chief Financial Officer
Phone: 202-546-8000
Email: rrabe@nationalcapitalbank.bank
Source: National Capital Bancorp, Inc.
FAQ
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