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There have been no material changes to the risk factors previously disclosed in Part I, Item 1A. Risk Factors of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) None.
(b) None.
(c) Period Total Number of Shares Purchased Average Price Paid per Share(1) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(2)
April 1, 2026 to April 30, 2026 200,000 $ 20.81 200,000 $ 121,642,165
May 1, 2026 to May 31, 2026 250,000 21.40 250,000 116,349,965
June 1, 2026 to June 30, 2026 75,000 21.53 75,000 114,752,600
(1) Includes commission and 1% excise tax.
(2) Excludes commission and 1% excise tax.
On December 16, 2025, the Corporation announced that its board of directors approved the 2026 Repurchase Program. The 2026 Repurchase Program will expire on January 31, 2027. Under the 2026 Repurchase Program, the Corporation is authorized to repurchase up to $150.0 million of shares of its common stock. Under this authorization, up to $25.0 million of the $150.0 million authorization may be used to repurchase the Corporation's preferred stock and outstanding subordinated notes.
The 2026 Repurchase Program may be discontinued at any time.
As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases may be made from time to time under the 2026 Repurchase Program in open market or privately negotiated transactions, including without limitation, through accelerated share repurchase transactions.
During the six months ended June 30, 2026, 1,737,650 shares of the Corporation's common stock were repurchased under the 2026 Repurchase Program at a cost of $35.6 million or an average of $20.51 per share.
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