Bancorp said Monday it's increasing its buyback program, allowing for $500 million in share repurchases by the end of 2026.
The new plan increases stock buyback capacity to $300 million for the third and fourth quarters of 2025 and $200 million for 2026.
The Delaware-based financial services company said it would finance the buybacks through cash and the refinancing of $100 million of maturing senior unsecured debt with $200 million of new senior unsecured debt.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
July 07, 2025 16:39 ET (20:39 GMT)
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