Ohio Valley Banc (NASDAQ: OVBC) extends $5M stock repurchase plan

Rhea-AI Filing Summary

Ohio Valley Banc Corp. is extending its existing share repurchase program by one year, moving the expiration date from August 31, 2025 to August 31, 2026. The program authorizes the company to buy back up to $5,000,000 of its outstanding common stock. As of August 20, 2025, Ohio Valley Banc Corp. had already repurchased approximately $2,967,000 in common shares under this authorization, leaving capacity available for additional repurchases. Other than the new expiration date, the terms of the buyback program remain unchanged, and the Board of Directors may terminate or amend the program at any time before it expires.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

false000089467100008946712025-08-202025-08-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 20, 2025

OHIO VALLEY BANC CORP.

(Exact Name of Registrant as Specified in Its Charter)

000-20914

(Commission File Number)

Ohio	31-1359191
(State or Other Jurisdiction of Incorporation)	(I.R.S. Employer Identification No.)

420 THIRD AVENUE, PO BOX 240

GALLIPOLIS, Ohio 45631

(Address of principal executive offices, including zip code)

(740) 446-2631

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares, without par value		OVBC		NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

The Board of Directors of Ohio Valley Banc Corp. (“OVBC”) has extended the expiration date of its existing share repurchase program to August 31, 2026.  The repurchase program was originally approved by the Board in 2021 and was set to expire on August 31, 2025.  The share repurchase program authorizes the repurchase of up to $5,000,000 in shares of the Company’s outstanding common stock. As of August 20, 2025, 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.

A copy of a press release issued to announce the extension of the repurchase program is attached hereto as an exhibit and incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits

(d)  Exhibits – The following exhibit is being filed with this Current Report on Form 8-K:

Exhibit Number		Description
99.1		Press release issued on August 20, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			OHIO VALLEY BANC CORP.
Date:	August 20, 2025	By:	/s/Larry E. Miller II
			Larry E. Miller II President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press release issued on August  20, 2025.

FAQ

What did Ohio Valley Banc Corp. (OVBC) announce in this 8-K?

Ohio Valley Banc Corp. announced that its Board of Directors has extended the expiration date of the existing share repurchase program to August 31, 2026, with all other terms unchanged.

How large is Ohio Valley Banc Corp.'s share repurchase program?

The share repurchase program authorizes Ohio Valley Banc Corp. to buy back up to $5,000,000 of its outstanding common stock.

How much stock has OVBC repurchased so far under the program?

As of August 20, 2025, Ohio Valley Banc Corp. had repurchased approximately $2,967,000 of its common stock under the existing buyback authorization.

Were there any changes to the terms of OVBC's buyback program besides the extension?

No. The filing states that other than extending the program for an additional year, no changes were made to the stock repurchase program.

Can Ohio Valley Banc Corp. change or end the repurchase program before August 31, 2026?

Yes. The Board of Directors may terminate or amend the share repurchase program at any time before the expiration date.

Is there a press release related to OVBC's repurchase program extension?

Yes. A press release dated August 20, 2025 announcing the extension of the repurchase program is attached as Exhibit 99.1 to the filing.