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Texas Community Bancshares, Inc. Authorizes New Stock Repurchase Program

1. Texas Community Bancshares approved a new 153,083 share repurchase program. 2. This represents about 5% of its outstanding common stock as of February 2025. 3. Over 85% of the previous repurchase program has already been executed. 4. Repurchases will occur via open market purchases or negotiated transactions. 5. Financial flexibility is prioritized despite share buyback commitments.

Shares Buyback
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+1.55%S&P 500
$16.0402/27 04:15 PM EDTEvent Start
$16.8902/28 10:51 PM EDTLatest Updated
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FAQ

Why Bullish?

Stock buybacks indicate company confidence and may boost share prices, as shown in historical patterns where share buybacks lead to increased demand and price appreciation.

How important is it?

The announcement of a share repurchase program is significant, suggesting potential for short-term price appreciation and indicating a solid financial position.

Why Short Term?

Buybacks typically have an immediate positive influence on stock prices, but longer-term effects depend on company performance and market conditions.

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, /PRNewswire/ -- Texas Community Bancshares, Inc. (the "Company") (NASDAQ: TCBS), the holding company of Broadstreet Bank, SSB, announced that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 153,083 shares, which equals approximately 5% of its outstanding common stock as of February 25, 2025. The Company also announced that as of February 25, 2025, it had repurchased over 85% of the 161,316 shares of its common stock authorized under the prior share repurchase program previously disclosed. The Company intends to conduct any repurchases through open market purchases, including by means of a trading plan adopted under SEC Rule 10b5-1, or in privately negotiated transactions, subject to market conditions and other factors. There is no guarantee as to the exact number of shares that the Company may repurchase. Throughout the execution of this program, the Company is committed to retaining the financial flexibility it needs to invest in its core operations. The stock repurchase program may be suspended or discontinued at any time. SOURCE Texas Community Bancshares, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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