Triumph Bancorp Announces Completion of $50 Million Stock Repurchase Program and the Authorization of an Additional $75 Million Repurchase Program
23 Maio 2022 - 9:10AM
Triumph Bancorp, Inc. (Nasdaq: TBK) (“Triumph” or the “Company”)
announced that it had completed its $50 million stock repurchase
program authorized on February 7, 2022, repurchasing a total of
709,795 shares of its common stock into treasury stock at an
average price of $70.41 per share, and that its Board of Directors
had authorized an additional share repurchase program of up to $75
million of the Company’s common stock. The Company may repurchase
shares from time to time in open market transactions or through
privately negotiated transactions at the Company’s discretion. The
amount, timing and nature of any share repurchases will be based on
a variety of factors, including the trading price of the Company’s
common stock, applicable securities laws restrictions, regulatory
limitations and market and economic factors. The repurchase program
is authorized for a period of up to one year and does not require
the Company to repurchase any specific number of shares. The
repurchase program may be modified, suspended or discontinued at
any time, at the Company’s discretion.
This press release is for informational purposes only and does
not constitute an offer to sell or the solicitation to buy any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About Triumph
Triumph Bancorp, Inc. (Nasdaq: TBK) is a financial holding
company headquartered in Dallas, Texas, offering a diversified line
of payments, factoring, and banking services.
www.triumphbancorp.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Investors are cautioned
that such statements are predictions and that actual events or
results may differ materially. Triumph's expected financial results
or other plans are subject to a number of risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" and the
forward-looking statement disclosure contained in the Company's
Annual Report on Form 10-K, filed with the Securities and Exchange
Commission on February 14, 2022. Forward-looking statements speak
only as of the date made, and Triumph undertakes no duty to update
the information.Source: Triumph Bancorp, Inc.
Investor Relations:Luke WyseSenior Vice
President, Finance & Investor
Relationslwyse@tbkbank.com214-365-6936
Media Contact:Amanda TavackoliSenior Vice
President, Director of Corporate
Communicationatavackoli@tbkbank.com214-365-6930
Triumph Bancorp (NASDAQ:TBK)
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