BankFirst Capital Corporation Launches New Stock Repurchase Initiative Worth $10 Million

BankFirst Capital Corporation Unveils Stock Repurchase Plan

Columbus, Mississippi — In a significant financial move, BankFirst Capital Corporation (OTCQX: BFCC), the parent company of BankFirst Financial Services, announced a new stock repurchase program valued at up to $10 million. This program is set to commence immediately and is expected to continue until May 21, 2027, unless the board decides to terminate or extend it sooner.

The board of directors has authorized this initiative as part of its effort to enhance shareholder value and demonstrate confidence in the company’s long-term growth prospects. Under this program, BankFirst will have the flexibility to repurchase its common stock through various methods, including open market purchases and privately negotiated transactions. The company aims to strategically buy back shares, enhancing shareholder equity, and potentially influencing stock price positively.

The stock repurchase strategy complies with the regulations outlined in Rule 10b-18 of the U.S. Securities and Exchange Commission (SEC), ensuring that all share buybacks are executed fairly and transparently. Additionally, the company plans to utilize Rule 10b5-1 trading plans, which allow transactions to occur even during periods when the company may be restricted from trading due to self-imposed blackout periods or other legal reasons.

Factors impacting the buyback will vary, influenced by the performance of BankFirst’s stock, prevailing market conditions, and the overall economic environment. The board of directors retains discretion to initiate, suspend, or halt repurchases, providing flexibility as situations evolve. There’s no obligation on the company’s part to repurchase any minimum number of shares, and the exact volume and timing of buybacks will depend on multiple considerations, including cash availability and regulatory factors.

About BankFirst Capital Corporation

Founded in 1888, BankFirst Capital Corporation is a registered bank holding company headquartered in Columbus, Mississippi, boasting approximately $3.36 billion in total assets as of March 31, 2026. Its wholly-owned banking subsidiary, BankFirst Financial Services, operates numerous branches across Mississippi and Alabama, offering a comprehensive range of financial services, including accounts, loans, and online banking options. The organization’s rich history and community-focused approach have made it a trusted name in the industry.

As users of the BankFirst platform continue to seek innovative banking solutions, this stock repurchase initiative is expected to reinforce the company’s commitment to maximizing shareholder returns while maintaining robust financial health and adaptability in a fluctuating market.

Investors are encouraged to monitor the company’s website for further developments, especially regarding future financial updates and strategic initiatives. The proactive steps taken by BankFirst illustrate its commitment to transparency and stakeholder engagement, emphasizing a sustained focus on growth and value creation moving forward.