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

In an exciting development for investors, BankFirst Capital Corporation (OTCQX: BFCC), the parent company of BankFirst Financial Services based in Macon, Mississippi, has announced a substantial stock repurchase program. The Board of Directors has approved this initiative, which allows the company to buy back up to $10 million of its common stock.

Understanding the Stock Repurchase Program

The newly established Stock Repurchase Program is set to run until May 21, 2026, although it could be modified or concluded sooner at the discretion of the Board. This program comes as a strategic move to bolster shareholder value amidst varying market conditions. The repurchase of shares underscores the company’s commitment to its shareholders and reflects confidence in its financial health.

Under the guidelines of this program, BankFirst may purchase shares through various methods. This includes open market transactions as well as privately negotiated deals. To ensure compliance and protect investor interests, these repurchases will adhere to SEC regulations, specifically Rule 10b-18, related to stock buybacks.

BankFirst may also utilize SEC Rule 10b5-1 to facilitate repurchases during periods when the company might otherwise find itself unable to buy back shares due to self-imposed trading restrictions or regulatory hurdles. This planned approach is designed to adapt to fluctuating market conditions and to maximize the effectiveness of the buyback.

Factors Influencing Share Repurchases

The extent and pace of the buybacks will be influenced by several factors, including the performance of BankFirst's stock price, prevailing economic conditions, regulatory factors, as well as the availability of financial resources. Importantly, the decisions to repurchase shares will be at the company's discretion, allowing for flexible responses to the market's dynamic environment.

Investors should note that while the company has earmarked $10 million for this program, there are no obligations to repurchase a specific number of shares. Consequently, the ultimate value and number of shares repurchased may vary.

About BankFirst Capital Corporation

Founded in 1888, BankFirst Capital Corporation is a well-established financial institution with approximately $2.9 billion in total assets as of March 31, 2025. The bank is devoted to community values and operates several branches across Mississippi and Alabama. Services provided by BankFirst encompass a wide range of financial solutions for both individuals and businesses, including internet banking, loans, and account management services.

With a strategic vision and a solid financial footing, BankFirst is well-positioned to navigate the complexities of the financial landscape. The implementation of the stock repurchase program is a robust step forward in enhancing the company’s shareholder value and continuing its legacy as a trusted banking partner in the region. As the company continues to evolve, stakeholders are encouraged to keep an eye on further developments that may arise from this new initiative.

For more information about BankFirst Capital Corporation and its services, visit www.BankFirstfs.com.