Ohio Valley Banc Corp. Extends Stock Buyback Program to 2027

Ohio Valley Banc Corp. Extends Stock Buyback Program

Ohio Valley Banc Corp., listed on the NASDAQ under the ticker OVBC, has officially announced an extension of its stock buyback program, which now runs until August 31, 2027. This decision underscores the company’s commitment to returning capital to its shareholders and enhancing overall shareholder value.

Originally approved in 2021, the buyback program was set to lapse on August 31, 2026. However, the Board of Directors recognized the importance of maintaining this initiative and has authorized the extension, allowing the company to repurchase up to $5 million worth of its outstanding common stock.

As of August 18, 2026, Ohio Valley Banc Corp. reported that it had utilized approximately $2,967,000 of the allocated amount for repurchasing shares. This indicates a robust interest in supporting its stock price and demonstrating confidence in the company's future growth prospects.

The extended buyback program remains unchanged in its terms, although the Board retains the right to amend or terminate the program at any point before the new expiration date. This flexibility allows the company to react swiftly to market conditions or changes in corporate strategy that may arise over the next year.

Background on Ohio Valley Banc Corp.

Ohio Valley Banc Corp. is based in Gallipolis, Ohio, and is the parent company of The Ohio Valley Bank Company. The bank operates 19 branches across Ohio and West Virginia, providing a range of financial services to individuals and businesses alike. Additionally, it owns Loan Central, Inc., which operates six consumer finance offices in Ohio, further expanding its service offerings.

This strategic extension of the buyback program reflects Ohio Valley Banc's ongoing efforts to engage with its shareholders proactively. In an environment that often favors such corporate actions, the leadership appears committed to optimizing capital allocation as they prepare for future growth opportunities.

Investor Confidence

Investors often view share buybacks as a positive indicator of a company's financial health and strategic planning. By reducing the number of outstanding shares, buybacks can lead to increased earnings per share (EPS), which may positively impact stock prices in the long run. This move also signals to the market that the company believes its shares are undervalued, reassuring stakeholders about the company's prospects.

As Ohio Valley Banc Corp. continues to navigate the contemporary financial landscape, its approach to managing shareholder returns through stock buybacks remains a noteworthy aspect of its corporate strategy. For more information on the company and its operations, interested parties can visit www.ovbc.com.

Contact:
Scott Shockey, CFO
740-446-2631

This program showcases Ohio Valley Banc Corp.'s dedication not just to its current financial standing but also to the long-term value it aims to create for its investors. Such initiatives are essential in ensuring sustained growth and a positive corporate reputation among existing and prospective shareholders.