Preferred Bank Announces Approval to Continue Share Repurchase Plan
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Preferred Bank has received regulatory approval to continue its $150 million stock repurchase plan, with $65.7 million remaining to be repurchased by May 2025.
March 18, 2025 | 12:45 pm
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Preferred Bank has received regulatory approval to continue its $150 million stock repurchase plan, with $65.7 million remaining to be repurchased by May 2025.
The continuation of the stock repurchase plan is likely to positively impact PFBC's stock price in the short term as buybacks can increase earnings per share and signal management's confidence in the company's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100