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Central Plains Bancshares (Nasdaq: CPBI) seeks approval for 10% stock buyback

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Central Plains Bancshares, Inc. reported that its Board of Directors approved the submission of a new stock repurchase program for regulatory non-objection. Under this proposed program, the company would be able to repurchase up to 417,481 shares of its common stock, representing approximately 10.0% of currently outstanding shares.

Upon adoption, the new repurchase program would replace the company’s existing repurchase program. The company explains that implementation depends on receiving regulatory non-objection and notes various forward-looking risks, including regulatory approvals, economic and real estate conditions in its Nebraska markets, interest-rate changes, and operational risks such as cybersecurity and natural disasters.

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Proposed repurchase authorization 417,481 shares Maximum common shares under the new stock repurchase program
Portion of shares eligible for repurchase 10.0% Approximate percentage of currently outstanding common shares
Branch offices 8 Number of branch offices operated in Nebraska, plus a drive-up facility
Year bank originally chartered 1935 Original charter year of Home Federal Bank
stock repurchase program financial
"approved the submission of a new stock repurchase program"
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
regulatory non-objection regulatory
"submission of a new stock repurchase program for regulatory non-objection"
forward-looking statements regulatory
"Certain statements contained herein constitute forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"within the meaning of the Private Securities Litigation Reform Act of 1995"

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FAQ

What did Central Plains Bancshares (CPBI) announce about its stock repurchase plans?

Central Plains Bancshares’ board approved submitting a new stock repurchase program for regulatory non-objection, allowing repurchases of up to 417,481 shares of common stock, or about 10.0% of currently outstanding shares. The new program would replace the company’s existing repurchase program once adopted.

How large is the new CPBI repurchase program relative to current shares outstanding?

The proposed Central Plains Bancshares program would permit repurchases of up to 417,481 shares, which is approximately 10.0% of the company’s currently outstanding common shares. This authorization level reflects the upper limit of stock the company could buy under the new program.

Is the Central Plains Bancshares (CPBI) repurchase program effective immediately?

No. The Central Plains Bancshares plan has been approved for submission for regulatory non-objection. The program would take effect only upon adoption after that process, at which point it would replace the company’s current stock repurchase program.

What existing program will the new CPBI stock repurchase plan replace?

The company states that, upon adoption, the newly proposed stock repurchase program would replace its current repurchase program. Until the new program is adopted following regulatory non-objection, the existing program remains the operative authorization for any share repurchases.

Where does Central Plains Bancshares (CPBI) primarily conduct its banking operations?

Central Plains Bancshares is the holding company for Home Federal Bank, headquartered in Grand Island, Nebraska. Operations are conducted from a main office, eight branch offices across several Nebraska communities, and a drive-up facility located in Grand Island.

What key risks could affect CPBI’s ability to execute the new repurchase program?

The company highlights risks including failure to obtain regulatory non-objection, possible conditions on any approval, economic and real estate conditions in its markets, inflation, interest-rate changes, regulatory changes, credit loss reserve adequacy, uninsured deposits, funding needs, and operational risks such as cybersecurity and natural disasters.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): July 28, 2026
 
CENTRAL PLAINS BANCSHARES, INC.
(Exact Name of Registrant as Specified in Charter)
 
Maryland
001-41844
93-2239246
(State or Other Jurisdiction
of Incorporation)
(Commission File No.)
(I.R.S. Employer
Identification No.)
 
221 South Locust Street, Grand Island, Nebraska
68801
(Address of Principal Executive Offices)
(Zip Code)
 
Registrant’s telephone number, including area code: (308) 382-4000
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.01 per share
 
CPBI
 
The Nasdaq Stock Market LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01
Other Events
 
On July 28, 2026, the Board of Directors of Central Plains Bancshares, Inc. (the “Company”) approved the submission for regulatory approval of a new stock repurchase program.  In addition, the Company issued a press release announcing the approval.  The press release is attached to this Current Report as Exhibit 99.1.
 
Item 9.01
Financial Statements and Exhibits
 
(d)
Exhibits
 
Exhibit No.
Exhibit
 
99.1
Press Release dated July 29, 2026
104
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
   
CENTRAL PLAINS BANCSHARES, INC.
     
     
DATE: July 30, 2026
By:   
/s/ Bradley M. Kool
   
Bradley M. Kool
   
Executive Vice President and
   Chief Financial Officer
 
 
0001979332 false US 0001979332 2026-07-28 2026-07-28
FOR IMMEDIATE RELEASE
 
Contact:
Dannel Garness
President and Chief Executive Officer
(308) 382-4000
 
Central Plains Bancshares, Inc.
Approves Regulatory Submission of New 10% Repurchase Program
 
Grand Island, NE; July 29, 2026 – Central Plains Bancshares, Inc. (the “Company”) (Nasdaq Capital Market: “CPBI”), the holding company for Home Federal Savings and Loan Association of Grand Island, which operates under the name “Home Federal Bank” (the “Bank”), announced that its Board of Directors has approved the submission of a new stock repurchase program for regulatory non-objection.  Under the repurchase program, the Company would repurchase up to 417,481 shares of its common stock, or approximately 10.0% of the current outstanding shares. Upon adoption, the repurchase program would replace the Company’s current repurchase program.
 
About Central Plains Bancshares, Inc.
 
Central Plains Bancshares, Inc. is the holding company for Home Federal Savings and Loan Association of Grand Island, which operates under the name “Home Federal Bank.”  Originally chartered in 1935, Home Federal Bank is a federally-chartered stock savings association headquartered in Grand Island, Nebraska. The Bank conducts its operations from the main office in Grand Island, Nebraska, eight branch offices located in Grand Island, Hastings, Holdrege, Lexington, Lincoln and Superior, Nebraska, and a drive-up facility in Grand Island, Nebraska.
 
Disclosures Concerning Forward-Looking Statements
 
Certain statements contained herein constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such statements may be identified by words such as “may,” “will,” “would,” “intend,” “believe,” “expect,” “plan,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. These statements are based upon the current beliefs and expectations of Company management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors.  Factors that could cause such differences to exist include, but are not limited to: the inability to receive regulatory non-objection for the repurchase program or conditions that may be placed on the Company in connection with the receipt of any such non-objection; the effects of any natural disaster, war, act of terrorism, accident, or similar action or event; those related to the real estate and the economic environment, particularly in the market areas in which the Company operates; fiscal and monetary policies of the U.S. Government; inflationary matters; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital
requirements; fluctuations in the adequacy of credit loss reserves; levels of uninsured deposits; decreases in deposit levels necessitating increased borrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; the risk that the Company may not be successful in the implementation of its business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Company’s filings with the Securities and Exchange Commission, which are available at the SEC’s website, www.sec.gov.
 
The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above or other factors could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically disclaims any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Filing Exhibits & Attachments

4 documents