Preferred Bank announces new $125M stock repurchase plan

From Yahoo Finance: 2025-05-23 16:40:00

Preferred Bank (PFBC) shareholders approve new $125M stock repurchase plan. Bank completed prior $150M repurchase, buying 818,059 shares for $65.7M in Q1 and Q2 2025. Total repurchased 2,146,252 shares at $70.13/share. New plan needs regulatory approval due to corporate structure. Expected to be obtained soon. Source: TheFly.

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