Veritex Holdings, Inc. announced that its Board of Directors authorized the extension of its stock buyback program through March 31, 2026. The program allows the company to purchase up to $50.0 million of its outstanding common stock. This extension demonstrates a continued commitment to enhancing shareholder value.
To date, Veritex has repurchased 555,016 shares under the program, amounting to $13.1 million. The buyback program is expected to be funded using the company’s cash on hand and cash from operations of Veritex Community Bank. No other changes were made to the terms of the program.
Repurchases under the program will be executed opportunistically, subject to market and economic conditions, as well as applicable legal and regulatory requirements. The extension provides flexibility for the company to manage its capital structure effectively over the next year.
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