RBB Bancorp Announces Authorized Common Stock Repurchase Plan and Partial Redemption of Subordinated Debt
RBB Bancorp’s board authorized a new $25 million share repurchase plan, representing approximately 6% of outstanding shares, valid through June 2028. The company also announced the partial redemption of $40 million in subordinated notes due in 2031, with a total cash outlay of approximately $40.7 million including accrued interest.
Key figures
- Total assets usd
- 4200000000
- Repurchase shares
- 1000000
- Remaining debt usd
- 80000000
- Debt redemption usd
- 40000000
- Total redemption cost usd
- 40700000
- Repurchase pct outstanding
- 6%
- Repurchase authorization usd
- 25000000
- Prior repurchase remaining usd
- 4100000
AI analysis
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