Key Highlights

  • Galaxy Digital's board authorized a new buyback of up to $200 million on October 26.
  • Slide Insurance declared a $1.50 per share special dividend, payable November 30.
  • Artisan Partners raised its variable dividend to $0.88 per share from $0.80.
  • Simply Good Foods repurchased $213.3 million of stock in fiscal 2026, up from $50.9 million.
  • Renasant approved a new $175.0 million repurchase program on October 27.

Which Non-Bank Companies Reported Buybacks and Special Dividends With October 27 Earnings?

Seven non-bank companies put capital returns on the table when they reported on Tuesday, October 27, 2026. Galaxy Digital (NASDAQ:GLXY) authorized a new buyback of up to $200 million on October 26. Slide Insurance (NASDAQ:SLDE) declared a $1.50 per share special dividend beside a $0.07 quarterly payout. Artisan Partners Asset Management (NYSE:APAM) raised its variable dividend to $0.88 per share from $0.80. NRC Health (NASDAQ:NRC) repurchased $16.0 million of stock in the quarter. Simply Good Foods (NASDAQ:SMPL) bought back $213.3 million in fiscal 2026. SNDL (NASDAQ:SNDL) repurchased shares and proposed a substantial issuer bid of up to C$50 million. Renasant (NASDAQ:RNST) approved a new $175.0 million repurchase program on October 27.

The group spans a data center operator, an insurer, an asset manager, a healthcare analytics firm, a food company, a liquor and cannabis retailer and a regional bank. No share reactions are cited here, so the focus stays on the reported figures and dated payouts.

Galaxy Digital: Why Authorize a New $200 Million Buyback With About $6.7 Billion of Notes Outstanding?

Galaxy's board authorized a new program of up to $200 million with no fixed expiration on October 26, after the $200 million program announced in February was completed on October 15 with about 9.8 million Class A shares bought. Third-quarter diluted EPS was $0.66 on net income of $322.8 million, and cash, stablecoins and U.S. Treasuries totaled $4.9 billion. Notes payable rose to about $6.7 billion from about $2.9 billion, including a $3.5 billion senior secured offering for Helios Phase II, and notes interest expense was $93.4 million versus $14.4 million. No numerical guidance was given.

Slide Insurance: How Large Is the $1.50 Special Dividend Beside a Raised Profit Outlook?

Slide declared a one-time special dividend of $1.50 per share and a $0.07 quarterly dividend, both payable on November 30 to holders of record on November 23. Third-quarter net income was $138.2 million, up 24.5%, with diluted EPS of $1.09 versus $0.79. Full-year net income guidance rose to $500 million to $520 million from $455 million to $470 million, including up to $50 million of pre-tax Hurricane Isaias losses in the fourth quarter. No shares were repurchased in the quarter, $114.1 million remains under the buyback program, and $230.9 million has been bought back since the June 2025 IPO.

Artisan Partners: Why Did the Dividend Rise Despite $10.558 Billion of Net Outflows?

Artisan declared $0.88 per Class A share, payable November 30 to holders of record on November 16. The payout is variable, tied to about 80% of quarterly cash generation, with about 20% withheld for a potential special dividend after year-end. Adjusted EPS was $1.03 and revenue rose 3.7% to $312.5 million, but net client outflows were $10.558 billion and ending assets under management fell to $168.744 billion. Cash was $352.4 million against $190.0 million of borrowings, and the earnings call was scheduled for Wednesday, October 28.

NRC Health: How Is a $16.0 Million Quarterly Buyback Being Funded?

NRC Health repurchased $16.0 million of stock in the third quarter, up from $9.3 million, and $25.6 million over nine months. Shares outstanding fell to 21.2 million from 22.6 million at year-end 2025. A quarterly dividend of $0.16 per share was declared on October 14, payable on January 8, 2027 to holders of record on December 29. Notes payable rose to about $102.9 million from about $79.0 million, including $15.0 million of new borrowings, while cash was $3.6 million and shareholders' equity was negative $9.1 million. Revenue rose 11% to $38.4 million.

Simply Good Foods: Did $213.3 Million of Buybacks Come Before a Steep Fiscal 2027 Sales Guide?

Simply Good Foods repurchased $213.3 million of stock in fiscal 2026, against $50.9 million the year before. Net debt was $211.6 million, or 0.9 times Adjusted EBITDA, with year-end cash of $138.4 million and term loan principal of $350.0 million. Fourth-quarter net sales fell 9.7% to $333.3 million, and the full year produced a GAAP net loss of $155.9 million after a $331.0 million non-cash impairment. Fiscal 2027 guidance calls for net sales down 13% to 17%, with operating cash flow in fiscal 2026 at $181.0 million.

SNDL: Will the Proposed C$50 Million Substantial Issuer Bid Get Board Approval?

SNDL repurchased 5,431,300 shares at a weighted US$1.31 in the quarter, part of C$10.0 million of buybacks, and 243,320,644 shares were outstanding on October 22. A proposed substantial issuer bid of up to C$50 million at no more than C$1.92 per share still needs board approval, and the current buyback program expires November 20. Cash, securities and investments were C$617.8 million with no debt. The third-quarter net loss was C$50.8 million after a C$52 million goodwill impairment, and free cash flow reached a record C$20.0 million.

Renasant: What Does a New $175.0 Million Repurchase Program Add to a 27.59% Payout Ratio?

Renasant's board approved a new $175.0 million program on October 27, running to the earlier of October 2027 or full use. The bank repurchased $42.6 million of stock in the quarter at a weighted average of $41.05, and kept a $0.24 quarterly dividend, up from $0.22 a year ago, a 27.59% payout ratio. Diluted EPS was $0.86 against $0.94 in the second quarter, while common equity tier 1 capital was 10.92% and tangible book value per share was $25.29. Loans held for investment rose $555.9 million to $19.75 billion.

Capital Returns Compared: How Do the Buybacks, Dividends and Authorizations Stack Up?

Simply Good Foods' fiscal 2026 repurchases of $213.3 million were about 4.2 times the prior year's $50.9 million (calculated). NRC Health's $16.0 million third-quarter buyback was 62.5% of its $25.6 million nine-month total (calculated), and Renasant's new $175.0 million authorization is about 4.1 times the $42.6 million it bought in the quarter (calculated). Galaxy's new $200 million authorization matches the size of the program it just completed.

On dividends, Slide's $1.50 special is about 21 times its $0.07 quarterly payout, and the two together come to $1.57 per share (calculated). Artisan's $0.88 is 10% above $0.80 (calculated), while Renasant's $0.24 is about 9.1% above $0.22 (calculated). At the maximum price, SNDL's proposed bid would cover at most about 26.0 million shares, roughly 10.7% of the shares outstanding on October 22 (calculated).

What to Watch Next: Record Dates From November 16 to January 8 and SNDL's Bid Decision

Artisan's record date is November 16, SNDL's current buyback program expires November 20, and Slide's record date is November 23. Artisan and Slide both pay on November 30, NRC Health's record date is December 29 and its payment follows on January 8, 2027. Investors will also watch for a board decision on SNDL's bid, the pace of Galaxy's new program, which has no expiration, and the use of Renasant's authorization through October 2027.