Primis Financial Corp. announced the approval of a stock repurchase program for up to 750,000 shares of common stock.
The Stock Repurchase Program will run from December 18, 2025, to December 18, 2026, with the option for earlier termination or extension.
The Company purchased 79,549 shares at an average cost of $10.00 per share under a previous repurchase plan.
Stock Repurchase Program Approval
Board of directors approved a program for up to 750,000 shares.
Program Parameters
Repurchase to be conducted through open market purchases or privately negotiated transactions.
Flexibility in Repurchases
Repurchases subject to various factors including stock performance and economic conditions.
No Obligation to Repurchase
Company not obligated to repurchase specific number of shares under the program.
- The Stock Repurchase Program indicates the Company's confidence in its financial position and potential growth.
- Repurchases may positively impact stock price by signaling undervaluation or returning capital to shareholders.
Primis Financial Corp.'s Stock Repurchase Program reflects a strategic approach to capital management and signals confidence in future prospects.