FHBI - BayFirst Financial expands stock repurchase program

BayFirst Financial (OTCQX:FHBI) has expanded its stock repurchase program to buyback up to $450,000 of its issued and outstanding common stock per quarter. The program was initially authorized on January 26, 2021 for the repurchase of up to $100,000 per quarter. It was later amended on September 9, 2021 to increase the quarterly purchase limit to $400,000. The latest increase will be implemented immediately and will continue until the earlier of the date an aggregate of $1,000,000 of common stock has been repurchased, with no more than $450,000 being bought back in one quarter, or October 1, 2022, or termination of the program by the board of directors.

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BayFirst Financial expands stock repurchase program