FB Financial Corporation Announces $150 Million Common Stock Repurchase Authorization
FB Financial Corporation (NYSE: FBK), parent company of FirstBank, has announced a new $150 million stock repurchase program authorized by its Board of Directors.
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“This repurchase authorization reflects the Company’s financial strength and strong profitability,” said Christopher T. Holmes, President and Chief Executive Officer. “Our management team is focused on deploying capital to deliver superior returns and to create long-term value for our shareholders. This program is but one way we achieve those objectives.”
The timing and amount of any repurchases will be based on management’s consideration of various factors including market conditions, securities laws restrictions, the price of the Company’s stock, regulatory requirements, alternative uses of capital, and the Company’s financial performance. Repurchases may be executed through the open market or in privately negotiated transactions, including under Rule 10b5-1 plans.
ABOUT FB FINANCIAL CORPORATION
FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in
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MEDIA CONTACT:
Keith Hancock
404-310-2368
keith.hancock@firstbankonline.com
www.firstbankonline.com
FINANCIAL CONTACT:
Michael M. Mettee
615-435-0952
mmettee@firstbankonline.com
investorrelations@firstbankonline.com
Source: FB Financial Corporation