2023-05-16 17:08:24 ET
- Ponce Financial ( NASDAQ: PDLB ) said Tuesday it adopted a share repurchase program of up to 1.2M shares, which represents ~5% of its issued and outstanding stock.
- Shares +4.7% postmarket.
- Repurchased shares will be held by Ponce ( PDLB ) as treasury shares and may be used to fund restricted stock units and option grants.
- The program may be extended, suspended or terminated at any time. It will expire on May 15, 2024.
- Earlier, Ponce ( PDLB ) posted Q1 results above estimates.
For further details see:
Ponce Financial adopts stock buyback program