other material
confidence high
sentiment positive
materiality 0.55
Cathay General Bancorp adopts new $125M share repurchase program
CATHAY GENERAL BANCORP
- New authorization to repurchase up to $125M of common stock, replacing prior $125M program completed Feb 18, 2022.
- Prior program repurchased 2,858,503 shares at average cost of $43.73 per share.
- Approximately 75,150,090 shares outstanding as of press release date.
- Repurchases may be made on open market or privately; timing and amount at management's discretion, including 10b5-1 plans.