08:32 AM EDT, 09/09/2024 (MT Newswires) -- Wex (WEX) said Monday that its board of directors has nearly doubled the size of its share repurchase program, increasing it by $1 billion for total authorization of $2.05 billion.

Under the amended program, repurchases can be made through Dec. 31, 2025.

Chief Executive Melissa Smith said the company has spent over $1 billion buying back stock since restarting the repurchase program.

Shares of Wex were up more than 1% in recent premarket activity.

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