FFB Bancorp reports news as the OTCQX-traded parent company of FFB Bank, with updates centered on bank earnings, balance-sheet growth, credit provisioning, deposits, loans, net interest margin, and regulatory capital ratios. Company releases also discuss merchant services income, ISO partner sponsorships, FFB Payments, payment-rail initiatives, wholesale funding use, and the deposit franchise tied to its payments ecosystem.
Other recurring announcements cover capital actions such as common-stock repurchases and subordinated debt redemption, board appointments, compliance and bank regulatory matters, and management commentary on regional expansion and customer growth.
FFB Bancorp announced a stock repurchase program authorized by its Board of Directors to buy back up to $7.5 million of its common stock, roughly 5.4% of its shareholders' equity as of March 31, 2024.
The repurchases can be made through October 25, 2024, via open market purchases, privately negotiated transactions, or a trading plan under SEC Rule 10b5-1.
The timing, manner, price, and amount of repurchases will be determined by the Company based on stock performance, market conditions, and regulatory requirements.
Management believes this plan offers capital management opportunities but is not obligated to repurchase any shares and may alter the plan at any time.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.