FVCBankcorp (FVCB) Extends 1.3M Share Buyback Plan to March '25

Zacks03-23

FVCBankcorp, Inc. FVCB has extended its current share repurchase program to Mar 31, 2025, from Mar 31, 2024. Per the program, the company is authorized to buy back up to 1,300,000 shares, which ...

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FVCB has extended its current share repurchase program to Mar 31, 2025, from Mar 31, 2024. Per the program, the company is authorized to buy back up to 1,300,000 shares, which ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fvcbankcorp-fvcb-extends-1-3m-162500110.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FVCBankcorp (FVCB) Extends 1.3M Share Buyback Plan to March '25</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFVCBankcorp (FVCB) Extends 1.3M Share Buyback Plan to March '25\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-23 00:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fvcbankcorp-fvcb-extends-1-3m-162500110.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FVCBankcorp, Inc. FVCB has extended its current share repurchase program to Mar 31, 2025, from Mar 31, 2024. Per the program, the company is authorized to buy back up to 1,300,000 shares, which ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fvcbankcorp-fvcb-extends-1-3m-162500110.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AX","symbol_name":"Axos Financial Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/fvcbankcorp-fvcb-extends-1-3m-162500110.html","article_id":"2421258878","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/y5TzmBu._qjnoh6epibnpw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1ead67f84e2ab1bfbbddb39ffee0b50f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2421258878","pubTimestamp":1711124700,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of FVCB have gained 8.6% over the past six months compared with the industry’s growth of 19.5%.Image Source: Zacks Investment Research. Currently, FVCBankcorp carries a Zacks Rank #4 .You can see the complete list of today’s Zacks #1 Rank  stocks here.Want the latest recommendations from Zacks Investment Research?Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report. Zions Bancorporation, N.A.  : Free Stock Analysis Report. AXOS FINANCIAL, INC  : Free Stock Analysis Report","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AX":"Axos Financial Inc","BK4588":"碎股","BK4211":"区域性银行","ZIONO":"Zions Bancorporation NA","ZIONP":"Zions Bancorporation NA","BK4589":"SVB概念","BK4195":"互助储蓄与抵押信贷金融服务","FVCB":"FVCBankcorp, Inc.","ZION":"齐昂银行","BK4585":"ETF&股票定投概念"},"translate_title":"FVCBankcorp(FVCB)将130万股股票回购计划延长至3月25日","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AX":1,"FVCB":1,"ZION":0.9,"ZIONO":0.9,"ZIONP":0.9},"content_text":"FVCBankcorp, Inc. FVCB has extended its current share repurchase program to Mar 31, 2025, from Mar 31, 2024. Per the program, the company is authorized to buy back up to 1,300,000 shares, which represents approximately 7% of its outstanding shares of common stock as of Dec 31, 2023.During 2023, FVCBankcorp bought back 115,750 shares of its common stock at a cost of $1.4 million. As of Dec 31, 2023, 1,275,202 shares remained available under the authorization.Prior to this, the company extended its share repurchase program in March 2023 and has been regularly extending it for the past few years.The company hasn’t paid any dividends since its inception. This strategic decision of not paying dividends shows the company’s efforts to retain earnings in order to enhance financial flexibility and fuel growth prospects.As of Dec 31, 2023, the common equity tier 1 ratio was 12.80%, up from 12.45% year over year. As of the same date, FVCB’s total cash and due from banks, including interest-bearing deposits at other financial institutions, was $60.5 million. Total loans and deposits were $1.82 billion and $1.85 billion, respectively.Given the company’s decent earning strength, strong balance sheet and liquidity position, FVCB will be able to sustain its current capital distributions and enhance shareholder wealth.\nShares of FVCB have gained 8.6% over the past six months compared with the industry’s growth of 19.5%. Image Source: Zacks Investment Research\nCurrently, FVCBankcorp carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nShare Buyback Plans of Other Banks\nIn February, Axos Financial, Inc. AX announced an additional share repurchase program. Per the plan, the company is authorized to buy back up to $100 million worth of shares. There is no specific start or end date for the newly announced plan.AX’s new share buyback plan supplements the existing repurchase program, which was approved on Apr 26, 2023. As part of the existing plan, it has almost $20 million worth of authorization remaining. AX repurchased $83.2 million worth of shares during the first half of fiscal 2024.Last month, Zions Bancorporation ZION announced a new share repurchase plan for 2024. The plan authorizes the company to buy back up to $35 million worth of shares.ZION has repurchased shares in each of the last three years, indicating an impressive capital distribution plan on the back of anticipated organic growth. The bank repurchased 0.9 million shares during the first nine months of 2023 but refrained from repurchasing any shares in the fourth quarter due to macroeconomic uncertainties.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nZions Bancorporation, N.A. (ZION) : Free Stock Analysis Report\nFvcbankcorp, Inc. (FVCB) : Free Stock Analysis Report\nAXOS FINANCIAL, INC (AX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2421258878"}