BuybackMay 12, 2026, 03:11 PM
Washington Trust Bancorp Authorizes 850,000 Share Buyback Program
AI Summary
Washington Trust Bancorp, Inc. announced that its Board of Directors has adopted a new stock repurchase program. The 2026 Repurchase Program authorizes the repurchase of up to 850,000 shares of the company's common stock, representing approximately 4.5% of its currently outstanding shares. The program will begin on May 16, 2026, and is scheduled to expire on May 16, 2027.
Key Highlights
- Washington Trust Bancorp's Board approved a new stock repurchase program.
- The program authorizes the repurchase of up to 850,000 shares of common stock.
- This represents approximately 4.5% of the current outstanding shares.
- The 2026 Repurchase Program will commence on May 16, 2026.
- The program is set to expire on May 16, 2027.
- The Corporation had approximately 19.1 million shares outstanding as of April 30, 2026.