- LCNB ( LCNB ) authorizes to repurchase up to 500K shares.
- The program will replace and supersede the company’s prior share repurchase program approved on May 27, 2022, which authorized the repurchase of up to 500K.
- LCNB President and CEO Eric Meilstrup commented on the buyback, “Since 2020, LCNB has invested approximately $34 million to repurchase 1,851,403 shares of our stock, reducing our common shares outstanding by approximately 14.3% prior to the repurchase. In addition, over this period our annual dividend has increased by 11% to $0.81 per share. Our share repurchase program and dividend policy reflect LCNB’s compelling business model, strong balance sheet, and excellent asset quality, as well as our long-standing commitment to maintain attractive returns and return excess capital back to shareholders.”
For further details see:
LCNB announces new 500K share buyback