other material
confidence high
sentiment positive
materiality 0.60
Cathay General Bancorp adopts $125M share repurchase program, replacing completed $75M plan
CATHAY GENERAL BANCORP
- New authorization for up to $125M of common stock repurchases announced September 2, 2021.
- Prior $75M program completed on August 5, 2021, with 1,832,481 shares repurchased at avg $40.93.
- Approximately 77,860,539 shares outstanding as of press release date.
- Repurchases may occur on open market or in private transactions; timing subject to market conditions.
- Program may be suspended, terminated, or modified at any time by the board.