Ohio Valley Banc (NASDAQ: OVBC) extends buyback, $2.97M already repurchased
Rhea-AI Filing Summary
Ohio Valley Banc Corp. (OVBC) has extended the expiration date of its existing share repurchase program by one year to August 31, 2027. The program, originally approved in 2021 and previously set to expire August 31, 2026, authorizes the repurchase of up to $5,000,000 of outstanding common stock. As of August 18, 2026, the company had repurchased approximately $2,967,000 in common shares under this authorization, leaving capacity for additional repurchases. Other than the new expiration date, all terms of the stock buyback program remain unchanged, and the Board of Directors may terminate or amend the program at any time before the new expiration.
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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.
Key Figures
Share repurchase authorization: $5,000,000
Repurchases completed: $2,967,000
New program expiration date: August 31, 2027
+3 more
6 metrics
Share repurchase authorization
$5,000,000
Maximum amount of common stock OVBC is authorized to repurchase under its program
Repurchases completed
$2,967,000
Approximate amount of common stock repurchased as of August 18, 2026
New program expiration date
August 31, 2027
Extended expiration date of OVBC’s share repurchase program
Prior program expiration date
August 31, 2026
Original expiration date before the one-year extension
Bank offices
19
Number of Ohio Valley Bank Company offices in Ohio and West Virginia
Consumer finance offices
6
Number of Loan Central, Inc. consumer finance offices in Ohio
Key Terms
share repurchase program, stock buyback program, emerging growth company, incorporated herein by reference
4 terms
stock buyback program financial
"OVBC announces extension of Stock Buyback Program"
A stock buyback program is when a company uses its cash to repurchase its own shares from the market, reducing the number of shares available to other investors. This can raise profit per share and often signals management believes the stock is undervalued, like a business buying back coupons to concentrate value for remaining holders; it matters because it can support the share price, change ownership percentages, and alter key financial ratios.
emerging growth company regulatory
"Emerging growth company
Securities registered pursuant"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
incorporated herein by reference regulatory
"press release issued to announce the extension of the repurchase program is attached hereto as an exhibit and incorporated herein by reference"
FAQ
What did Ohio Valley Banc Corp. (OVBC) announce about its stock buyback program?
Ohio Valley Banc Corp. extended its stock buyback program to August 31, 2027. The program continues to authorize up to $5 million in common stock repurchases, with approximately $2.967 million already repurchased as of August 18, 2026.
When does Ohio Valley Banc Corp.’s (OVBC) extended stock buyback program expire?
The extended OVBC stock buyback program now expires on August 31, 2027. It was originally set to end August 31, 2026, and can still be terminated or amended by the Board at any time before the new expiration date.
Has Ohio Valley Banc Corp. (OVBC) changed any terms of its stock repurchase program besides the date?
Only the expiration date was changed; all other terms remain the same. The program continues to authorize up to $5 million in repurchases, with about $2.967 million already completed, and may be terminated or amended by the Board at any time.
How much stock has Ohio Valley Banc Corp. (OVBC) repurchased so far under its program?
As of August 18, 2026, Ohio Valley Banc Corp. had repurchased approximately $2,967,000 of its common stock. This is under its authorized $5 million share repurchase program, which now runs through August 31, 2027, unless changed by the Board.
AI-generated analysis. How Rhea-AI works. Not financial advice.
