Ohio Valley Banc Corp Extends $5M Share Repurchase Program to Aug 2027

What Happened

• Ohio Valley Banc Corp (OVBC) announced on Form 8-K filed August 19, 2026 that its Board extended the expiration date of the company's existing share repurchase program from August 31, 2026 to August 31, 2027.
• The program, originally approved by the Board in 2021, authorizes repurchases of up to $5,000,000 of OVBC common stock. As of August 18, 2026 the company had repurchased approximately $2,967,000 in common stock. Other than the one-year extension, no changes were made to the program. The Board may terminate or amend the program at any time prior to the expiration date.

Key Details

• Authorized repurchase amount: $5,000,000.
• Amount repurchased to date (as of Aug 18, 2026): ~$2,967,000.
• Remaining authorization (approx.): $5,000,000 − $2,967,000 = ~$2,033,000.
• Original program approved: 2021; new expiration: August 31, 2027.

Why It Matters

• A share repurchase program reduces shares outstanding when repurchases occur, which can increase earnings per share and support the stock price; this is a way for OVBC to return capital to shareholders.
• The extension signals the Board’s intention to continue buybacks through August 2027, but actual repurchases and timing are subject to market conditions and Board discretion — the program can be amended or ended at any time.
• Investors should monitor future disclosures for actual repurchase activity and any changes to the program.