Bancorp's Board Expands Share Repurchases Through 2026

MT Newswires Live
08 Jul

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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