BuybackOct 23, 2026, 01:21 PM
Provident Financial Holdings Authorizes 5% Stock Repurchase Plan
AI Summary
Provident Financial Holdings, Inc. announced its Board of Directors has authorized a new stock repurchase plan. The plan allows for the repurchase of up to 5% of the company's common stock, approximately 305,477 shares. This new plan will begin after the current January 2026 stock repurchase plan is completed or expires, with about 21,674 shares remaining in that plan. The repurchases will occur over a one-year period, with the timing influenced by market conditions, capital requirements, and available cash.
Key Highlights
- Provident Financial Holdings authorized repurchase of up to 5% of common stock, approximately 305,477 shares.
- New stock repurchase plan to commence after the January 2026 plan is fulfilled or expires.
- Approximately 21,674 shares remain for purchase under the existing January 2026 plan.
- Shares will be purchased over a one-year period in the open market or via private negotiation.
- Repurchase timing depends on market conditions, capital needs, and available cash.
Price Impact
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