FVCBankcorp (FVCB) said late Thursday its board has extended its share repurchase program that was launched in 2020.

The repurchase program will expire on March 31, 2027, subject to earlier termination by the board, the company said.

Under the program, the company may repurchase up to 1.4 million common shares, or about 8% of outstanding shares as of Dec. 31, it said.