US lender Bancorp ticks up after boosting share buyback program

Regional lender The Bancorp's TBBK.O shares rise 0.6% to $59.89 premarket

TBBK late Monday announced that it had boosted its existing share repurchase program by $500 million through year-end 2026

Bank has increased its buyback capacity by $300 million in H2 2025 and $200 million for 2026

TBBK plans to fund buyback with cash on hand and through refinancing of $100 million of maturing debt with $200 million of new debt

Raymond James says TBBK will be aggresive in utilizing its new authorization, especially given last week's announcement that pending sale of Aubrey apartment complex was terminated

2 of 3 brokerages rate stock "buy" and 1 "hold"; median PT $65 - data compiled by LSEG

As of last close, TBBK stock up 13.1% YTD