other material
confidence high
sentiment positive
materiality 0.50
PCB Bancorp board approves buyback of up to 700,000 shares through September 2027
PCB BANCORP
- Board approved a share repurchase program for up to 700,000 common shares on September 23, 2026; authorization runs through September 22, 2027.
- Repurchases may occur via open market transactions, including block purchases, and privately negotiated transactions, with timing, price and amount at the Company's discretion.
- PCB Bancorp intends to enter a Rule 10b5-1 trading plan administered by an independent broker, subject to price, market volume and timing restrictions.
- The program may be modified, discontinued or suspended at any time without prior notice and does not obligate the Company to buy any specific number of shares.
- Buyback factors cited include stock price, trading volume, general market conditions and the Company's general business conditions.