John Marshall Bancorp, Inc. announced that its Board of Directors has authorized the extension of its stock repurchase program through August 31, 2027. The program, originally approved in 2021 and set to expire on August 31, 2026, allows the company to purchase up to 700,000 shares of its outstanding common stock. To date, the company has repurchased 242,150 shares, or $4.5 million, under the program. No other changes were made to the program, which may be suspended, terminated, amended, or modified by the Board at any time without prior notice. Repurchases are expected to be funded using cash on hand and cash from operations of John Marshall Bank.
John Marshall Bancorp IncBoard extends stock repurchase program through 2027, signaling confidence and supporting share price.
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