BuybackJun 15, 2026, 04:02 PM
CVB Financial Authorizes New 15M Share Repurchase Program
AI Summary
CVB Financial Corp. announced that its Board of Directors authorized a new share repurchase program, allowing the company to buy back up to 15,000,000 shares of its common stock. This 2026 program replaces the previous 2024 program, under which approximately 5.7 million shares were still available. The CEO stated that the program reflects the company's strong capital position and commitment to shareholder value.
Key Highlights
- CVB Financial Corp. authorized a new share repurchase program for up to 15,000,000 shares of common stock.
- The 2026 Repurchase Program replaces the previous 2024 program.
- Under the 2024 program, 5,678,223 shares remained available for repurchase.
- The company has over $20 billion in total assets.
- Citizens Business Bank operates more than 75 banking centers and three trust office locations.
Price Impact
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