BuybackJun 15, 2026, 04:08 PM
CVB Financial Authorizes New 15 Million Share Repurchase Program
AI Summary
CVB Financial Corp.'s Board of Directors authorized a new share repurchase program for up to 15,000,000 shares of common stock. This 2026 Repurchase Program replaces the previous 2024 program, which had 5,678,223 shares remaining and has now been terminated. CEO David A. Brager stated the program reflects the company's strong capital position and consistent track record of delivering long-term value to shareholders.
Key Highlights
- CVB Financial Corp. Board authorized a new 2026 Share Repurchase Program.
- The program allows for the repurchase of up to 15,000,000 shares of common stock.
- It replaces the previous 2024 share repurchase program, which had 5,678,223 shares remaining.
- The 2024 repurchase program has been terminated in its entirety.
- The 2026 program terminates on the earlier of maximum repurchase or five years from authorization.
- Repurchases can be made via Rule 10b5-1 plans, open market, or private transactions.
- CEO David A. Brager highlighted the company's robust capital position and commitment to shareholder value.
Price Impact
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