BuybackJun 29, 2026, 04:02 PM
Bank OZK Approves New $200M Stock Repurchase Program
AI Summary
Bank OZK's Board of Directors has approved a new stock repurchase program, authorizing the purchase of up to $200 million of its outstanding common stock. This program will become effective on July 1, 2026, following the expiration of the current program, and will run through July 1, 2027. Under the expiring program, the Bank repurchased 3.89 million shares for $176.6 million at an average price of $45.34 per share.
Key Highlights
- Board approved a new stock repurchase program of up to $200 million.
- New program becomes effective July 1, 2026, upon expiration of current program.
- New program remains in effect through July 1, 2027, unless modified.
- Previous program repurchased 3.89 million shares for $176.6 million.
- Average price per share under previous program was $45.34.
Price Impact
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