John Marshall Bancorp, Inc. announced the extension of its stock repurchase program through August 31, 2026.
The Board of Directors authorized the repurchase of up to 700,000 shares of the Company's outstanding common stock.
To date, the Company has repurchased 93,103 shares, totaling $1.6 million.
Extension of Stock Repurchase Program
The Stock Repurchase Program extended through August 31, 2026, allowing the repurchase of up to 700,000 shares.
Current Repurchase Status
Company has repurchased 93,103 shares worth $1.6 million under the program.
Program Flexibility
The Board can suspend, terminate, amend, or modify the Stock Repurchase Program at its discretion.
- The extension provides the Company more time to utilize the program effectively.
- Repurchases under the program will be dependent on market conditions and financial considerations.
The extension of the Stock Repurchase Program reflects the Company's confidence in its financial position and commitment to enhancing shareholder value.