OVBC announces extension of Stock Buyback Program

Ohio Valley Banc Corp. (Nasdaq: OVBC) extended the expiration date of its existing stock buyback program from August 31, 2026 to August 31, 2027.

Rhea-AI Summary

Ohio Valley Banc Corp. (Nasdaq: OVBC) extended the expiration date of its existing stock buyback program from August 31, 2026 to August 31, 2027. The authorization continues to allow repurchases of up to $5 million of common stock, of which about $2.97 million had been repurchased as of August 18, 2026. No other terms of the program were changed, and the Board may amend or terminate it at any time before expiry.

Positive

• Share repurchase authorization up to $5 million through August 31, 2027
• Approximately $2.97 million in stock already repurchased as of August 18, 2026
• Extension signals continued board support for returning capital via buybacks

Negative

• None.

Argus Aug 19 session

-1.03% close to close Open Argus

Details

News Market Reaction – OVBC

On Aug 19, the day this news came out, OVBC closed 1.03% below the previous close.

Data tracked by StockTitan Argus for the Aug 19 session.

Key Figures

Program authorization: $5 million Repurchases completed: $2,967,000 Original approval year: 2021 +2 more

Program authorization

$5 million

Outstanding common stock repurchases

Repurchases completed

$2,967,000

As of August 18, 2026

Original approval year

2021

Board approval of the program

Extension date

August 31, 2027

New program expiration date

Extension period

One year

Additional authorization period

Previous Buybacks Reports

2 past events · Latest: Aug 20

Same Type 2 events

1. Aug 20

   Buyback extension

   24h Move

   +0.8%

   Extension preserved the $5 million authorization through August 31, 2026.

2. Aug 21

   Buyback extension

   24h Move

   +2.1%

   Extension continued the $5 million repurchase authorization through August 31, 2025.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase program

1 terms

share repurchase program financial

"With the extension, the share repurchase program will continue to authorize"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GALLIPOLIS, Ohio, Aug. 19, 2026 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") announced the Board of Directors has authorized the extension date of its existing stock buyback program to August 31, 2027.

The program was originally approved by the board in 2021 and was set to expire August 31 of this year. With the extension, the share repurchase program will continue to authorize the repurchase of up to $5 million in shares of the Company's outstanding common stock. As of August 18, 2026, the Company had repurchased approximately $2,967,000 in common stock.

Other than the extension of the program for an additional year, no changes were made to the stock buyback program. The program may be terminated or amended by the Board at any time prior to the expiration date.

About Ohio Valley Banc Corp.

Ohio Valley Banc Corp. common stock is traded on The NASDAQ Global Market under the symbol OVBC. Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The company owns The Ohio Valley Bank Company, with 19 offices in Ohio and West Virginia, and Loan Central, Inc., with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at www.ovbc.com.

Contact: Scott Shockey, CFO, 740-446-2631

View original content:https://www.prnewswire.com/news-releases/ovbc-announces-extension-of-stock-buyback-program-302855597.html

SOURCE Ohio Valley Banc Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Ohio Valley Banc Corp. (OVBC) announce about its stock buyback program on August 19, 2026?

Ohio Valley Banc Corp. announced its stock buyback program has been extended to August 31, 2027. According to Ohio Valley Banc Corp., the program still authorizes repurchases of up to $5 million of outstanding common stock with no other changes to the terms.

How large is the OVBC stock repurchase authorization under the extended buyback program?

The OVBC stock buyback program authorizes repurchases of up to $5 million in common stock. According to Ohio Valley Banc Corp., this total authorization remains unchanged with the extension of the program’s expiration date to August 31, 2027.

How much stock has Ohio Valley Banc Corp. (OVBC) repurchased so far under its buyback program?

Ohio Valley Banc Corp. has repurchased approximately $2,967,000 of its common stock under the program. According to Ohio Valley Banc Corp., this repurchase amount is as of August 18, 2026, within the overall $5 million authorized limit.

When does the extended OVBC stock buyback program now expire?

The OVBC stock buyback program now expires on August 31, 2027. According to Ohio Valley Banc Corp., the program was originally set to end August 31, 2026, and only the expiration date has been changed by the Board.

Can Ohio Valley Banc Corp. change or terminate the OVBC stock repurchase program before August 31, 2027?

Yes, the Board may amend or terminate the program at any time before expiration. According to Ohio Valley Banc Corp., this flexibility remains in place even after extending the buyback program’s end date to August 31, 2027.