CVB Financial Announces 10M Share Repurchase Plan

Dow Jones

2024-11-22

By Stephen Nakrosis

CVB Financial said its board approved a new share repurchase program for the company's common stock.

The new plan authorizes to repurchase up to 10 million shares of common stock. The plan replaces a previous 2022 plan, which had authorization for some 4.3 million shares remaining.

CVB Financial has a market cap of $3.15 billion, 139.68 million shares outstanding and a public float of 131.23 million shares.

The stock was trading 2.9% higher at $23.23 with about an hour left in Thursday's regular session.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

November 21, 2024 15:22 ET (20:22 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The plan replaces a previous 2022 plan, which had authorization for some 4.3 million shares remaining. \n\n\n  CVB Financial has a market cap of $3.15 billion, 139.68 million shares outstanding and a public float of 131.23 million shares. \n\n\n  The stock was trading 2.9% higher at $23.23 with about an hour left in Thursday's regular session. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 21, 2024 15:22 ET (20:22 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}