Stellar Bancorp (STEL) said Wednesday that its board approved a new $65 million share repurchase program running through May 31, 2026, replacing a previous $60 million plan.
Before ending the old program, the company said it repurchased over 2.1 million shares at an average price between $25.83 and $27.99.
The company said the new buyback allows repurchases at its discretion, depending on market conditions and other factors, and can be changed or canceled anytime.
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