First Seacoast Bancorp authorizes additional buyback of up to 229K shares
Share Repurchase Authorization: First Seacoast Bancorp has authorized an additional repurchase of up to 228,858 shares of common stock under its ongoing stock repurchase program, which originally included 507,707 shares announced in April 2024.
Current Repurchase Status: The company has already repurchased 397,008 shares at an average price of $9.15 per share, with the new authorization representing about 5% of pro forma outstanding shares after accounting for the remaining shares from the original plan.
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First Seacoast Bancorp, Inc. Authorizes Additional Share Repurchases Under Ongoing Stock Repurchase Program
Share Repurchase Authorization: First Seacoast Bancorp, Inc. has authorized the repurchase of an additional 228,858 shares of common stock, on top of the previously announced 507,707 shares, with a total of 397,008 shares already repurchased at an average price of $9.15 per share.
Market Conditions and Future Plans: The company plans to conduct these repurchases in the open market under SEC Rule 10b5-1, with the authorization set to expire on December 3, 2025, while noting that actual repurchases may vary based on market conditions.
FSEA Stock Earnings: First Seacoast Bancorp Reported Results for Q2 2024
Earnings Report: First Seacoast Bancorp (NASDAQ:FSEA) reported earnings per share of 42 cents and revenue of $5.92 million for the second quarter of 2024.
Automated Coverage: InvestorPlace Earnings utilizes TradeSmith data to automate the reporting of quarterly earnings, providing quick access to key financial figures without human intervention.
