Metropolitan Bank (MCB) said Wednesday its board has approved a $50 million share buyback program.
President and Chief Executive Mark R. DeFazio said the authorization "reflects our confidence in the company's long-term growth trajectory and the strength of our balance sheet."
The share repurchase authorization has no expiration date, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.