#United States #stock buyback #Gallipolis #Ohio Valley Banc

Ohio Valley Banc Corp. Extends Stock Buyback Program

Ohio Valley Banc Corp. (Nasdaq: OVBC), based in Gallipolis, Ohio, has announced an extension of its ongoing stock buyback program, which is now set to continue until August 31, 2026. The decision comes from the company's Board of Directors, who authorized the continuation of the program, originally approved in 2021, aimed at repurchasing shares of its common stock.

Details of the Stock Buyback Program

The stock buyback program has been a strategic move by Ohio Valley Banc Corp. to support its stock price and return value to shareholders. As of August 19, 2025, the company reported that it has repurchased approximately $2,967,000 worth of its common stock. With the newly authorized extension, shareholders can expect repurchases totaling up to $5 million.

The buyback initiative is straightforward, allowing the company to buy back its shares and ultimately benefit its stock value. Beyond the extension, no other modifications to the buyback program have been noted, suggesting that the original terms remain in force until the new expiration date.

Corporate Overview

Ohio Valley Banc Corp. operates as a prominent financial institution in the region, owning The Ohio Valley Bank Company, which boasts 17 branches across Ohio and West Virginia. Additionally, the company manages Loan Central, Inc., providing consumer finance services through six offices in Ohio. This dual operation not only strengthens the bank's market presence but also emphasizes its commitment to serving the financial needs of its communities.

The company is well-regarded for its strong financial performance and community-focused initiatives, making it a staple in its local economy. Reports indicate that the extension of the buyback program fits within a larger strategy to fortify its financial position amidst market fluctuations.

Implications of the Extension

Investors are likely to view this extension positively, as it showcases Ohio Valley Banc Corp.'s commitment to enhancing shareholder value. By continuing to repurchase its shares, the company signals confidence in its performance and stability.

Furthermore, the program's ability to be amended or terminated at the Board's discretion allows for flexibility in reaction to changing market conditions. It empowers the Board to make necessary adjustments to maintain the company's fiscal health, ensuring adaptability in the face of economic shifts.

Conclusion

In summary, the extension of Ohio Valley Banc Corp.'s stock buyback program into 2026 reinforces the company's dedication to optimizing shareholder value through prudent financial strategies. As the program progresses, it will be critical for investors and market observers to monitor its impact on the company's stock performance and overall financial health.

For more information about this and other initiatives, visit Ohio Valley Banc Corp. website.