HBT Financial, Inc. announced the approval of a new $30 million stock repurchase program.
The program takes effect upon the expiration of the current stock repurchase program on January 1, 2026.
The company has the authorization to repurchase its common stock through various methods.
New Stock Repurchase Program
Board of Directors approved a new program to repurchase up to $30 million of common stock.
Program Details
Repurchases can be made on the open market or through privately negotiated transactions until January 1, 2027.
Discretionary Repurchases
Management will decide the timing and amount of repurchases based on various factors.
- The stock repurchase program demonstrates the company's confidence in its financial position and future prospects.
- Investors may view this announcement positively, considering the potential impact on earnings per share and share price.
HBT Financial's newly authorized stock repurchase program reflects a strategic move to enhance shareholder value and capitalize on favorable market conditions.