Financial stocks were rising pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) up 0.1% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.1%.

Lexinfintech Holdings (LX) shares were up more than 10% after the company said its board has authorized a $50 million stock buyback plan, with the purchases to be made over the next 12 months.

Preferred Bank (PFBC) shares were up more than 2% after the company reported higher Q2 net income and revenue.

HBT Financial (HBT) shares were up 0.8% after the company reported higher Q2 adjusted earnings and operating revenue.