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)
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