Royal Bank of Canada Announces 45 Million Share Repurchase Program

Royal Bank of Canada (RBC) announced that it has received regulatory approval from the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions (OSFI) for a normal course issuer bid to repurchase up to 45 million of its common shares for cancellation. The share repurchase program will commence on June 12, 2026 and continue until June 11, 2027. The maximum repurchase represents approximately 3.24% of the bank's 1,389,738,870 common shares outstanding as of May 29, 2026. Purchases will be made through TSX, NYSE, and other designated exchanges at prevailing market prices. The bank will establish an automatic share purchase plan on June 12, 2026, with RBC Dominion Securities Inc. as the broker. This follows RBC's previous normal course issuer bid for 35 million shares that commenced in June 2025, under which the bank repurchased 19,168,210 shares at an average price of approximately $215.85 per share.