PBCO Financial Corporation Announces Adoption of Stock Repurchase Program
PBCO Financial (OTCPK: PBCO) has announced its Board of Directors' adoption of a $3 million stock repurchase program, marking the company's first buyback initiative since its holding company formation in 2022. The program is set to commence on or after February 18, 2025, and will run through December 31, 2026, unless terminated or extended earlier.
Shares may be repurchased through open market or private transactions, with timing and volume dependent on factors including stock availability, market conditions, trading price, and the company's financial performance. The initiative reflects PBCO's strong capital position and aims to enhance shareholder value while increasing returns and liquidity for shareholders.
PBCO Financial (OTCPK: PBCO) ha annunciato l'adozione da parte del suo Consiglio di Amministrazione di un programma di riacquisto di azioni da 3 milioni di dollari, segnando la prima iniziativa di buyback dell'azienda dalla formazione della sua holding nel 2022. Il programma inizierà il 18 febbraio 2025 e si protrarrà fino al 31 dicembre 2026, salvo cessazione o proroga anticipata.
Le azioni potranno essere riacquistate tramite transazioni di mercato aperto o private, con tempistiche e volumi che dipenderanno da fattori quali disponibilità delle azioni, condizioni di mercato, prezzo di scambio e performance finanziaria dell'azienda. L'iniziativa riflette la solida posizione di capitale di PBCO e mira a migliorare il valore per gli azionisti, aumentando i rendimenti e la liquidità per i soci.
PBCO Financial (OTCPK: PBCO) ha anunciado la adopción por parte de su Junta Directiva de un programa de recompra de acciones de 3 millones de dólares, marcando la primera iniciativa de recompra de la empresa desde la formación de su empresa matriz en 2022. El programa comenzará el 18 de febrero de 2025 y se extenderá hasta el 31 de diciembre de 2026, a menos que se termine o prorrogue antes.
Las acciones pueden ser recompradas a través de transacciones en el mercado abierto o privadas, con el tiempo y el volumen dependiendo de factores como la disponibilidad de acciones, las condiciones del mercado, el precio de negociación y el rendimiento financiero de la empresa. La iniciativa refleja la sólida posición de capital de PBCO y tiene como objetivo mejorar el valor para los accionistas, aumentando los rendimientos y la liquidez para los accionistas.
PBCO Financial (OTCPK: PBCO)는 이사회가 300만 달러 규모의 자사주 매입 프로그램을 채택했다고 발표했습니다. 이는 2022년 지주회사 설립 이후 첫 번째 자사주 매입 이니셔티브입니다. 이 프로그램은 2025년 2월 18일 또는 그 이후에 시작되어 2026년 12월 31일까지 진행되며, 조기 종료 또는 연장이 있을 수 있습니다.
주식은 공개 시장 또는 사적인 거래를 통해 재구매될 수 있으며, 시기와 규모는 주식 가용성, 시장 상황, 거래 가격 및 회사의 재무 성과 등 여러 요인에 따라 달라집니다. 이 이니셔티브는 PBCO의 강력한 자본 위치를 반영하며, 주주 가치를 증대시키고 주주에게 수익과 유동성을 높이는 것을 목표로 합니다.
PBCO Financial (OTCPK: PBCO) a annoncé l'adoption par son Conseil d'Administration d'un programme de rachat d'actions de 3 millions de dollars, marquant la première initiative de rachat de l'entreprise depuis la formation de sa société mère en 2022. Le programme devrait commencer le 18 février 2025 et se poursuivre jusqu'au 31 décembre 2026, sauf s'il est annulé ou prolongé plus tôt.
Les actions peuvent être rachetées par le biais de transactions sur le marché ouvert ou privé, le timing et le volume dépendant de facteurs tels que la disponibilité des actions, les conditions du marché, le prix de négociation et la performance financière de l'entreprise. L'initiative reflète la solide position de capital de PBCO et vise à améliorer la valeur pour les actionnaires tout en augmentant les rendements et la liquidité pour les actionnaires.
PBCO Financial (OTCPK: PBCO) hat die Annahme eines 3-Millionen-Dollar-Aktienrückkaufprogramms durch den Vorstand bekannt gegeben, was die erste Rückkaufinitiative des Unternehmens seit der Gründung seiner Holdinggesellschaft im Jahr 2022 markiert. Das Programm soll am 18. Februar 2025 oder danach beginnen und bis zum 31. Dezember 2026 laufen, es sei denn, es wird vorher beendet oder verlängert.
Aktien können über den offenen Markt oder private Transaktionen zurückgekauft werden, wobei der Zeitpunkt und das Volumen von Faktoren wie der Verfügbarkeit von Aktien, den Marktbedingungen, dem Handelspreis und der finanziellen Leistung des Unternehmens abhängen. Die Initiative spiegelt die starke Kapitalposition von PBCO wider und zielt darauf ab, den Wert für die Aktionäre zu erhöhen und gleichzeitig die Renditen und die Liquidität für die Aktionäre zu steigern.
- Authorization of $3 million stock repurchase program
- Strong capital position enabling share buyback
- Potential increase in shareholder value and returns
- Enhanced stock liquidity for shareholders
- Capital allocation to buybacks reduces funds available for other investments
- No guarantee of complete program execution
Julia Beattie, President and Chief Executive Officer, stated, “Enhancing shareholder value is a priority for the Board of Directors and this stock repurchase program demonstrates that commitment. The plan is reflective of our strong capital position and is consistent with our goals of increasing both returns and liquidity for our shareholder base.”
Repurchases are expected to commence on or after February 18, 2025. Shares may be repurchased in open market or private transactions and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 promulgated by the Securities and Exchange Commission.
The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will generally be made in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and other applicable legal requirements. Any repurchased shares will be returned to the Company’s authorized but unissued shares. The Company is not obligated to repurchase a specific dollar amount, any particular number of shares or any shares in any specific time period. The repurchase program will expire on December 31, 2026, subject to the earlier termination or extension by the Board of Directors, and may be suspended or discontinued at any time.
About PBCO Financial Corporation
PBCO Financial Corporation’s stock trades on the over-the-counter market under the symbol PBCO. Additional information about the Company is available in the investor section of the Company’s website at: www.peoplesbank.bank.
Founded in 1998, People’s Bank of Commerce is a full-service, commercial bank headquartered in
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by the use of words or phrases such "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," “plans,” “projects,” or other words or phrases of similar import indicating that the statement addresses some future result, occurrence, plan or objective. Similarly, statements herein that describe People’s Bank’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250215328074/en/
Julia Beattie, President & CEO
(541) 608-8920, julia.beattie@peoplesbank.bank
Source: PBCO Financial Corporation
FAQ
How much is PBCO's stock repurchase program worth?
When will PBCO's stock buyback program begin?
When does PBCO's stock repurchase program expire?
How will PBCO execute its stock repurchase program?
Is PBCO required to complete the full $3 million stock repurchase?
