Eagle Financial Bancorp, Inc. Announces Stock Repurchase Program
12 Décembre 2018 - 10:15PM
Business Wire
Eagle Financial Bancorp, Inc. (Nasdaq Capital Market: EFBI), the
holding company for Eagle Savings Bank, today announced that its
Board of Directors has adopted a stock repurchase program. Under
the repurchase program, the Company may repurchase up to 81,285
shares of its common stock, or approximately 5.0% of the current
outstanding shares.
Gary J. Koester, President and Chief Executive Officer of the
Company, stated, “We are pleased to announce our first stock
repurchase plan, which will offset some of the dilution to
stockholders resulting from our recently adopted equity incentive
plan. We believe that stock repurchase programs can be an effective
capital management tool as part of our continued efforts to enhance
stockholder value.”
The repurchase program permits shares to be repurchased in open
market or private transactions, through block trades, and pursuant
to any trading plan that may be adopted in accordance with Rule
10b5-1 of the Securities and Exchange Commission.
Repurchases will be made at management’s discretion at prices
management considers to be attractive and in the best interests of
both the Company and its stockholders, subject to the availability
of stock, general market conditions, the trading price of the
stock, alternative uses for capital, and the Company’s financial
performance. Open market purchases will be conducted in accordance
with the limitations set forth in Rule 10b-18 of the Securities and
Exchange Commission and other applicable legal requirements.
The repurchase program may be suspended, terminated or modified
at any time for any reason, including market conditions, the cost
of repurchasing shares, the availability of alternative investment
opportunities, liquidity, and other factors deemed appropriate.
These factors may also affect the timing and amount of share
repurchases. The repurchase program does not obligate the Company
to purchase any particular number of shares.
About Eagle Savings Bank
Eagle Savings Bank, an Ohio chartered savings association
headquartered in Cincinnati, Ohio, was originally chartered in
1882. At September 30, 2018, we had $137.8 million of total assets,
$107.4 million of total deposits and $27.7 million of total
stockholders’ equity. We provide financial services primarily to
individuals, families and businesses through our main office and
two branch offices located in Hamilton County, Ohio.
Forward-looking statements
This news release may contain certain forward-looking
statements, such as statements of the Company’s plans, objectives,
expectations, estimates and intentions. Forward-looking statements
may be identified by the use of words such as “expects,” “subject,”
“believe,” “will,” “intends,” “will be” or “would.” These
statements are subject to change based on various important factors
(some of which are beyond the Company’s control) and actual results
may differ materially. Accordingly, readers should not place undue
reliance on any forward-looking statements (which reflect
management’s analysis of factors only as of the date of which they
are given). These factors include general economic conditions,
trends in interest rates, the ability of our borrowers to repay
their loans, the ability of the Company to effectively manage its
growth, and results of regulatory examinations, among other
factors. The foregoing list of important factors is not
exclusive.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181212005697/en/
Gary J. KoesterPresident and CEO(513)
574-0700gkoester@eaglesavings.com
Eagle Financial Bancorp (NASDAQ:EFBI)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Eagle Financial Bancorp (NASDAQ:EFBI)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024