Bank7 Corp. Announces Renewal of Stock Repurchase Plan
Bank7 Corp. (NASDAQ: BSVN) has announced the renewal of its stock repurchase program, authorizing the purchase of up to 750,000 shares of its outstanding common stock over a two-year period.
The company's CEO, Thomas L. Travis, emphasized that this renewal demonstrates Bank7's commitment to maximizing shareholder value, supported by their top-tier earnings and strong capital position. The repurchases may be executed through open market transactions, private negotiations, or other means in compliance with federal securities laws.
Management will determine the timing, quantity, and value of repurchases based on market conditions, stock price, and legal requirements. Repurchased shares will be held as treasury stock for corporate purposes, including potential reissuance under the 2018 Equity Incentive Plan.
Bank7 Corp. (NASDAQ: BSVN) ha comunicato il rinnovo del programma di riacquisto di azioni, autorizzando l'acquisto fino a 750.000 azioni ordinarie in circolazione nell'arco di un periodo di due anni.
Il CEO, Thomas L. Travis, ha sottolineato che il rinnovo riflette l'impegno di Bank7 a massimizzare il valore per gli azionisti, sostenuto da risultati di primo piano e da una solida posizione patrimoniale. I riacquisti potranno essere effettuati tramite operazioni di mercato aperto, negoziazioni private o altri metodi conformi alle leggi federali sui titoli.
La direzione deciderà tempistiche, quantità e prezzo dei riacquisti in base alle condizioni di mercato, al corso delle azioni e ai requisiti legali. Le azioni riacquistate saranno detenute come azioni proprie per finalità societarie, inclusa la possibile riemissione ai sensi del 2018 Equity Incentive Plan.
Bank7 Corp. (NASDAQ: BSVN) ha anunciado la renovación de su programa de recompra de acciones, autorizando la adquisición de hasta 750.000 acciones ordinarias en circulación durante un período de dos años.
El CEO, Thomas L. Travis, resaltó que esta renovación demuestra el compromiso de Bank7 con la maximización del valor para los accionistas, respaldado por sólidos resultados y una posición de capital fuerte. Las recompras podrán ejecutarse mediante transacciones en el mercado abierto, negociaciones privadas u otros métodos conforme a las leyes federales de valores.
La dirección fijará el momento, la cantidad y el importe de las recompras según las condiciones del mercado, el precio de la acción y los requisitos legales. Las acciones recompradas se mantendrán como acciones en tesorería para fines corporativos, incluida una posible reemisión bajo el 2018 Equity Incentive Plan.
Bank7 Corp. (NASDAQ: BSVN)가 자사주 매입 프로그램을 갱신하여 향후 2년간 최대 750,000주의 보통주를 매입할 수 있도록 승인했다고 발표했습니다.
CEO 토마스 L. 트래비스는 이번 갱신이 업계 상위권의 실적과 견고한 자본 기반을 바탕으로 주주 가치 극대화에 대한 Bank7의 의지를 보여준다고 강조했습니다. 주식 매입은 공개시장 거래, 사적 협상 또는 연방 증권법을 준수하는 기타 방식으로 이뤄질 수 있습니다.
경영진은 시장 상황, 주가 및 법적 요건을 고려해 매입 시기, 수량 및 금액을 결정할 예정입니다. 매입된 주식은 회사 재무목적으로 재무부 보유주로서 보관되며, 2018년 주식인센티브플랜(Equity Incentive Plan)에 따라 재발행될 수 있습니다.
Bank7 Corp. (NASDAQ: BSVN) a annoncé le renouvellement de son programme de rachat d'actions, autorisant l'achat de jusqu'à 750 000 actions ordinaires en circulation sur une période de deux ans.
Le directeur général, Thomas L. Travis, a souligné que ce renouvellement témoigne de l'engagement de Bank7 à maximiser la valeur pour les actionnaires, soutenu par des résultats de premier plan et une solide position de capital. Les rachats pourront être effectués via des transactions sur le marché ouvert, des négociations privées ou d'autres moyens conformes aux lois fédérales sur les valeurs mobilières.
La direction déterminera le moment, la quantité et le montant des rachats en fonction des conditions de marché, du cours de l'action et des exigences légales. Les actions rachetées seront conservées en tant qu'actions propres à des fins corporatives, y compris une éventuelle réémission dans le cadre du 2018 Equity Incentive Plan.
Bank7 Corp. (NASDAQ: BSVN) hat die Verlängerung seines Aktienrückkaufprogramms bekanntgegeben und die Erwerbsermächtigung von bis zu 750.000 Aktien der ausstehenden Stammaktien über einen Zweijahreszeitraum genehmigt.
Der CEO, Thomas L. Travis, betonte, dass diese Verlängerung das Engagement von Bank7 zur Maximierung des Aktionärswerts unterstreiche, gestützt durch erstklassige Erträge und eine solide Kapitalbasis. Rückkäufe können über den offenen Markt, in privaten Verhandlungen oder auf andere Weise in Übereinstimmung mit den Bundeswertpapiergesetzen durchgeführt werden.
Das Management wird Zeitpunkt, Umfang und Wert der Rückkäufe anhand der Marktbedingungen, des Aktienkurses und rechtlicher Vorgaben festlegen. Rückerworbene Aktien werden als eigene Aktien gehalten und für Unternehmenszwecke verwendet, einschließlich einer möglichen Wiederausgabe im Rahmen des 2018 Equity Incentive Plan.
- None.
- Repurchase program may reduce company's cash reserves
- No guarantee of full program execution as purchases depend on market conditions
Thomas L. Travis, President and CEO of the Company said, "Today's announcement of the renewal of Bank7 Corp.'s stock repurchase program is a proactive reaffirmation that as the Company continues to achieve top-tier earnings and strong capital levels, it is committed to having capital management tools in place that allow the Company to maximize shareholder value."
The shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company's stock, general market and economic conditions, and applicable legal requirements. Repurchased shares will become treasury shares and may be utilized for general corporate purposes, including reissuance pursuant to the Company's 2018 Equity Incentive Plan.
About Bank7 Corp.
We are Bank7 Corp., a bank holding company headquartered in
Cautionary Statements Regarding Forward-Looking Information
This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved.
These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements.
Contact:
Thomas Travis
President & CEO
(405) 810-8600
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SOURCE Bank7 Corp.
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