BuybackJun 12, 2026, 04:17 PM
FB Bancorp Authorizes Third Stock Repurchase Program for 1.6M Shares
AI Summary
FB Bancorp, Inc. announced the authorization of its third stock repurchase program, allowing for the repurchase of up to 1,606,837 shares of its common stock, which constitutes approximately 10% of outstanding shares. This follows the completion of two prior repurchase programs on January 14, 2026, and May 19, 2026, respectively. The company plans to execute these repurchases on the open market, subject to market conditions.
Key Highlights
- FB Bancorp, Inc. authorized a third stock repurchase program.
- The program allows for the repurchase of up to 1,606,837 shares of common stock.
- This represents approximately 10% of the company's currently outstanding shares.
- The first stock repurchase program was completed on January 14, 2026, repurchasing 1,983,750 shares.
- The second stock repurchase program was completed on May 19, 2026, repurchasing 1,785,375 shares.
- Repurchases will be conducted on the open market, potentially via a Rule 10b5-1 trading plan.
Price Impact
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