TC Bancshares, Inc. Announces Adoption of Repurchase Plan
TC Bancshares (OTCQX:TCBC) has announced its fourth stock repurchase program since July 2021, authorizing the buyback of up to 200,000 shares of its common stock, representing approximately 5.0% of outstanding shares. The company may conduct repurchases through both open market and private transactions, with timing and volume dependent on factors including stock availability, market conditions, trading price, alternative capital uses, and financial performance. The program will be executed in compliance with legal requirements, though the company maintains no obligation to repurchase any specific number of shares.
TC Bancshares (OTCQX:TCBC) ha annunciato il suo quarto programma di riacquisto di azioni dal luglio 2021, autorizzando il riacquisto di fino a 200.000 azioni delle sue azioni ordinarie, che rappresentano circa il 5,0% delle azioni in circolazione. L'azienda può effettuare i riacquisti sia tramite mercati aperti che attraverso transazioni private, con tempistiche e volumi che dipendono da fattori quali la disponibilità delle azioni, le condizioni di mercato, il prezzo di mercato, altre opportunità di investimento e le performance finanziarie. Il programma sarà eseguito in conformità con i requisiti legali, sebbene l'azienda non abbia alcun obbligo di riacquistare un numero specifico di azioni.
TC Bancshares (OTCQX:TCBC) ha anunciado su cuarto programa de recompra de acciones desde julio de 2021, autorizando la recompra de hasta 200,000 acciones de sus acciones ordinarias, lo que representa aproximadamente el 5.0% de las acciones en circulación. La empresa puede llevar a cabo las recompras tanto a través de mercados abiertos como de transacciones privadas, siendo el momento y el volumen dependientes de factores como la disponibilidad de acciones, las condiciones del mercado, el precio de negociación, otros usos de capital y el rendimiento financiero. El programa se ejecutará en cumplimiento de los requisitos legales, aunque la empresa no tiene ninguna obligación de recomprar un número específico de acciones.
TC Bancshares (OTCQX:TCBC)는 2021년 7월 이후 네 번째 주식 재매입 프로그램을 발표하며, 최대 200,000주의 보통주 재매입을 승인했습니다. 이는 발행 주식의 약 5.0%에 해당합니다. 회사는 주식의 가용성, 시장 상황, 거래 가격, 대체 자본 사용 및 재무 성과를 포함한 요인에 따라 시기와 규모를 결정하여 공개 시장 및 사적 거래를 통해 재매입을 실시할 수 있습니다. 이 프로그램은 법적 요구사항을 준수하여 실행되지만, 회사는 특정 수량의 주식을 재매입할 의무가 없습니다.
TC Bancshares (OTCQX:TCBC) a annoncé son quatrième programme de rachat d'actions depuis juillet 2021, autorisant le rachat de jusqu'à 200 000 actions de ses actions ordinaires, représentant environ 5,0% des actions en circulation. L'entreprise peut procéder à des rachats à la fois par le biais de marchés ouverts et de transactions privées, le moment et le volume étant dépendants de facteurs tels que la disponibilité des actions, les conditions du marché, le prix de négociation, les autres utilisations de capital et la performance financière. Le programme sera exécuté en conformité avec les exigences légales, bien que l'entreprise n'ait aucune obligation de racheter un nombre spécifique d'actions.
TC Bancshares (OTCQX:TCBC) hat sein viertes Aktienrückkaufprogramm seit Juli 2021 angekündigt und die Rücknahme von bis zu 200.000 Aktien seiner Stammaktien genehmigt, was ungefähr 5,0% der ausstehenden Aktien entspricht. Das Unternehmen kann Rückkäufe sowohl über den offenen Markt als auch durch private Transaktionen durchführen, wobei Zeitpunkt und Volumen von Faktoren wie der Verfügbarkeit von Aktien, den Marktbedingungen, dem Handelspreis, alternativen Kapitalverwendungen und der finanziellen Leistung abhängen. Das Programm wird unter Einhaltung der gesetzlichen Anforderungen durchgeführt, wobei das Unternehmen jedoch keine Verpflichtung hat, eine bestimmte Anzahl von Aktien zurückzukaufen.
- Authorization to repurchase 5% of outstanding shares indicates strong capital position
- Fourth buyback program since July 2021 demonstrates consistent shareholder return strategy
- Flexible repurchase terms allow optimization of capital deployment
- No guaranteed minimum share repurchase commitment
- Buyback could reduce stock liquidity due to lower float
THOMASVILLE, GA / ACCESS Newswire / February 12, 2025 / TC Bancshares, Inc. (the "Company") (OTCQX:TCBC), the holding company for TC Federal Bank (the "Bank"), announced it has adopted a program to repurchase up to 200,000 shares of its common stock, or approximately
The Company may repurchase shares in the open market or through private transactions.
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 our capital, and the Company's financial performance. Open market purchases will be made in accordance with applicable legal requirements. The Company is not obligated to repurchase any particular number of shares under this plan.
About TC Bancshares, Inc.
TC Bancshares, Inc. (OTCQX: TCBC) was formed in July 2021 and serves as the holding company for TC Federal Bank.
About TC Federal Bank
TC Federal Bank was established in Thomasville, Georgia in 1934. What began as a Savings & Loan by the citizens of Thomas County during the Great Depression, TC Federal Bank has grown into a
Forward-Looking Statements
This press release may contain certain forward-looking statements. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "estimate," "project," "believe," "intend," "anticipate," "plan," "seek," "expect," "will," "may," "continue," or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include changes to the real estate and economic environment, particularly in the market areas in which the Bank operates; increased competitive pressures; changes in the interest rate environment; general economic conditions or conditions within the securities markets; and legislative and regulatory changes affecting financial institutions, including regulatory compliance costs and capital requirements that could adversely affect the business in which the Company and the Bank are engaged.
The factors listed above could materially affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements.
Contact:
Greg Eiford
President/CEO
229-584-1031
SOURCE: TC Bancshares
View the original press release on ACCESS Newswire
FAQ
How many shares will TCBC repurchase in its new buyback program?
Is TCBC required to complete the full share repurchase program?
How many stock repurchase programs has TCBC implemented since July 2021?
What factors will determine TCBC's share repurchase timing and volume?
How will TCBC execute its share repurchase program?
