other material
confidence high
sentiment positive
materiality 0.65
NorthEast Community Bancorp authorizes third share repurchase program for up to 1,400,435 shares (10% of outstanding)
NorthEast Community Bancorp, Inc./MD/
- Board authorized repurchase of up to 1,400,435 shares, representing 10% of issued and outstanding common stock.
- Prior second repurchase program repurchased 1,091,174 shares at average cost of $15.78 per share; no shares remain available.
- Repurchases may be made in open market, privately negotiated transactions, or via a 10b5-1 trading plan.
- Program does not obligate the Company to buy any specific number; timing depends on price, market conditions, and regulatory requirements.