Fulton Financial (FULT) in Lancaster, Pa., is extending a share repurchase program by three months.
The $16.7 billion-asset parent of Fulton Bank said Tuesday it would continue the buybacks through Sept. 30. They had been set to end June 30.
Fulton in January announced plans to repurchase up to 8 million shares about 4% of its common stock. It had bought back roughly 6.4 million shares as of Tuesday.
The company's shares rose 16 cents, to $11.37, on Tuesday and were trading at $11.30 on Wednesday afternoon.
Separately, Fulton said it has promoted three executives to its senior management team, effective July 1. Meg Mueller, Fulton's chief credit officer; Angela Sargent, the company's chief information officer; and Curtis Myers, Fulton Bank's chief operating officer, will retain their current responsibilities and take on additional leadership duties.