Texas Community Bancshares, Inc. announced on February 27, 2025, that its Board of Directors approved a new stock repurchase program. This program authorizes the company to repurchase up to 153,083 shares of its common stock.
This authorized amount represents approximately 5% of the company's outstanding common stock as of February 25, 2025. The company also reported that it had repurchased over 85% of the 161,316 shares authorized under its prior share repurchase program.
The repurchases are intended to be conducted through open market purchases, including via a Rule 10b5-1 trading plan, or in privately negotiated transactions. The company stated its commitment to retaining financial flexibility for core operations while executing this program.
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