Veritex Holdings (VBTX) said Monday its board approved to extend a $50 million stock buyback program through March 31, 2026.

The company said it has repurchased around 555,000 shares, or $13.1 million, under the program to date.

The buyback program, which was due to expire Monday, is expected to be funded with the company's cash on hand and cash from operations of Veritex Community Bank, Veritex said.

VBTX shares were 2.5% lower in recent premarket activity.