Triumph Bancorp (TBK) Announces $25 Million Buyback

Triumph Bancorp, Inc. (Nasdaq: TBK) announced today that its board of directors has authorized the Company to repurchase up to $25 million of its outstanding common stock. The Company may repurchase shares from time to time in open market transactions or through privately negotiated transactions at the Company’s discretion. The amount, timing and nature of any share repurchases will be based on a variety of factors, including the trading price of the Company’s common stock, applicable securities laws restrictions, regulatory limitations and market and economic factors. The repurchase program is authorized for a period of up to one year and does not require the Company to repurchase any specific number of shares. The repurchase program may be modified, suspended or discontinued at any time, at the Company’s discretion.

Aaron Graft, the Company’s Vice Chairman, President and Chief Executive Officer, said “We are pleased to announce the authorization of the share repurchase program by our Board of Directors. We believe the program provides an additional tool to enhance value for our shareholders. Any purchases pursuant to this program will be accretive to earnings per share and will be funded through available cash and retained earnings. Maintaining strong capital ratios to support our long-term strategic plans, including our organic growth opportunities and potential future acquisitions, remains our priority.”

You May Also Be Interested In

• Innodata (INOD) Awarded New Programs from "Magnificent Seven" Big Tech Customer Valued at Approximately $20 Million in Annualized Run Rate Revenue
• Smart for Life (SMFL) Appoints David Trosin to its Board
• Amphenol (APH) Tops Q1 EPS by 7c, offers guidance