PCSB Financial Corporation Authorizes Stock Repurchase Program
03 Febrero 2021 - 7:30AM
PCSB Financial Corporation (the “Company”) (NASDAQ: “PCSB”), parent
of PCSB Bank, announced today that it has authorized a program to
repurchase up to 801,856 shares, or 5%, of its outstanding common
stock. The timing and amount of any repurchases will depend on
various factors, including but not limited to, market conditions,
stock price, and alternative uses of capital. Repurchases may be
transacted in the open-market or in negotiated private transactions
and may be conducted pursuant to a trading plan adopted in
accordance with Securities and Exchange Commission Rule 10b5-1.
About PCSB Financial Corporation and PCSB
Bank
PCSB Financial Corporation is the bank holding
company for PCSB Bank, a New York-chartered commercial bank. PCSB
Bank has served the banking needs of its customers in the Lower
Hudson Valley of New York State since 1871. It operates from its
executive offices/headquarters and 15 branch offices located in
Dutchess, Putnam, Rockland and Westchester Counties in New
York.
Forward Looking Statements
This press release contains certain
forward-looking statements about the stock repurchase program.
Forward-looking statements can be identified by the fact that they
do not relate strictly to historical or current facts. They often
include words like “believe,” “expect,” “anticipate,” “estimate,”
and “intend” or future or conditional verbs such as “will,”
“would,” “should,” “could,” or “may”. Certain factors that could
cause actual results to differ materially from expected results
include delays in completing the proposed repurchase program,
changes in the interest rate environment, changes in the market
price of the Company’s common stock, changes in the general
economic conditions, legislative and regulatory changes that
adversely affect the business of the Company and PCSB Bank, changes
in the securities markets, and other factors disclosed in the
Company’s periodic filings with the Securities and Exchange
Commission.
Contact:Joseph D. RobertoChairman, President and
Chief Executive Officer(914) 248-7272
PCSB Financial (NASDAQ:PCSB)
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