National Capital Bancorp, Inc. Announces Share Repurchase Program

Rhea-AI Summary

National Capital Bancorp (OTCID:NACB) announced a share repurchase program authorizing up to $900,000 of purchases, not to exceed 18,000 shares (approximately 1.5% of outstanding shares), expiring February 28, 2027. Repurchases may occur in the open market or via private transactions at management's discretion.

The program does not obligate the company to buy any shares and may be suspended, modified or terminated at any time; timing and amounts will depend on market conditions and business considerations.

Positive

• Board authorized repurchases up to $900,000
• Repurchases limited to 18,000 shares (~1.5% outstanding)
• Repurchase window runs through February 28, 2027
• Management discretion allows opportunistic buybacks

Negative

• Program not binding; company may buy zero shares
• Size (~1.5%) likely minimal EPS impact
• Program may be suspended or terminated anytime

WASHINGTON, DC / ACCESS Newswire / February 25, 2026 / National Capital Bancorp, Inc. (the "Company") (OTCID:NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") announced today that its Board of Directors approved a share repurchase program of up to $900,000, allowing for purchases from time to time, in open market or private transactions provided, however, that the aggregate number of shares of common stock repurchased shall not exceed 18,000 shares (approximately 1.5% of outstanding shares), with an expiration date of February 28, 2027. Repurchases, if any, under the program will be made at the sole discretion of management, and the timing and actual number of shares repurchased will depend upon market pricing and conditions, and other business considerations. The buyback program does not obligate the Company to purchase any particular number of shares and there is no guarantee as to the exact number of shares that will be repurchased by the Company. The program may be suspended, modified or terminated by the Company at any time and for any reason, without prior notice.

"We are excited to announce approval of the share repurchase program, which we believe will be beneficial to the Company and its continuing shareholders and a good use of excess capital," said Bank CEO Jimmy Olevson.

National Capital Bancorp, Inc. is the holding company for The National Capital Bank of Washington which was founded in 1889 and is Washington's Oldest Bank. NCB is headquartered on Capitol Hill with offices in the Friendship Heights community in Northwest D.C., the Courthouse/Clarendon community in Arlington, Virginia and the Fox Hill senior living community of Bethesda, Maryland. NCB also operates residential mortgage and commercial lending offices and a wealth management services division. NCB product and service offerings include personal and business deposit accounts, robust eBanking, sophisticated treasury management solutions, remote deposit capture and merchant processing - all delivered with top-rated personal service. NCB is well-positioned to serve all the banking needs of those in our communities. For more information about NCB, visit www.nationalcapitalbank.bank.

Forward Looking Statements

This news release may contain certain forward-looking statements, such as statements of the Company's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified using words such as "expects," "subject," "will," "intends," "will be" or "would," These statements are subject to change based on various important factors (some of which are beyond the Company's control), and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management's analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of the Company to effectively manage its growth and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive.

Contact:
Randal J. Rabe, EVP, Chief Financial Officer
Phone: 202-546-8000
Email: rrabe@nationalcapitalbank.bank

SOURCE: NATIONAL CAPITAL BANCORP, INC.

View the original press release on ACCESS Newswire

FAQ

What are the terms of National Capital Bancorp's (NACB) February 26, 2026 share repurchase program?

The company authorized up to $900,000 to repurchase common stock, capped at 18,000 shares. According to the company, repurchases may occur in the open market or via private transactions through February 28, 2027 at management's discretion.

How much of NACB's outstanding stock does the buyback represent and what is the expiration date?

The repurchase cap equals approximately 1.5% of outstanding shares and expires on February 28, 2027. According to the company, the 18,000-share limit defines the maximum aggregate repurchases during the program period.

Will National Capital Bancorp (NACB) definitely repurchase shares under the program?

No, the program is discretionary and does not obligate purchases; the company may buy no shares. According to the company, timing and amounts depend on market pricing, conditions, and other business considerations.

How might the NACB buyback affect existing shareholders in the near term?

A modest repurchase could support per-share metrics but is unlikely to materially change valuation. According to the company, the program's 18,000-share cap (~1.5%) limits potential near-term EPS or share-price impact.

Can National Capital Bancorp (NACB) change or end the share repurchase program early?

Yes, the company may suspend, modify, or terminate the program at any time and for any reason. According to the company, there is no requirement to provide prior notice before altering the program.