An Analysis of Regional Banks' Repurchasing Behavior (Report‪)‬

ABSTRACT Common stock repurchasing behavior of 78 publicly traded regional banks covering a three-year period (2003-2005) is examined in this study. Approximately 89% of banks in our sample repurchased stock during this period, and banks distributed 2.4 times more cash through repurchases than through dividends. The main objective of this study is to examine the impact dividends, stock valuation, debt, earnings and bank size have on the level of repurchases.