Bancorp (TBBK) said late Monday that its board approved to increase the capacity of the existing share repurchase program for Q3 and Q4 to $300 million.
The board also increased repurchase authorization in 2026 to $200 million, the company said in a filing.
Bancorp expects to fund the share repurchase with cash and by refinancing $100 million of maturing debt with $200 million in new senior unsecured debt.
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