Ohio Valley Bancorp Extends Share Buyback Program
Ticker: OVBC · Form: 8-K · Filed: Aug 20, 2025
Sentiment: neutral
Topics: share-repurchase, extension, capital-return
Related Tickers: OVBC
TL;DR
OVBC extends buyback, no shares bought yet, $5M authorization remains.
AI Summary
Ohio Valley Banc Corp. announced on August 20, 2025, an extension for its previously authorized share repurchase program. The company has not yet repurchased any shares under this program, which was initially approved on February 21, 2025, for up to $5.0 million in common stock.
Why It Matters
This extension indicates the company's continued intention to return capital to shareholders, potentially supporting the stock price.
Risk Assessment
Risk Level: low — The filing is a routine update on a previously announced share repurchase program, with no new material financial events or changes in strategy.
Key Numbers
- $5.0M — Share Repurchase Authorization (Amount authorized for common stock repurchase)
- 0 — Shares Repurchased (Number of shares repurchased under the current program as of the filing date)
Key Players & Entities
- Ohio Valley Banc Corp. (company) — Registrant
- February 21, 2025 (date) — Initial approval date of share repurchase program
- $5.0 million (dollar_amount) — Authorization amount for share repurchase
- August 20, 2025 (date) — Date of the current report and earliest event reported
FAQ
What is the purpose of this Form 8-K filing?
The purpose of this Form 8-K is to report an extension of the previously authorized share repurchase program for Ohio Valley Banc Corp.
When was the share repurchase program initially approved?
The share repurchase program was initially approved on February 21, 2025.
What is the total authorized amount for the share repurchase program?
The total authorized amount for the share repurchase program is up to $5.0 million of common stock.
Has Ohio Valley Banc Corp. repurchased any shares under this program?
As of the filing date, Ohio Valley Banc Corp. has not repurchased any shares under the current program.
What is the new expiration date of the share repurchase program?
The filing does not specify a new expiration date, only that the program has been extended.
Filing Stats: 546 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2025-08-20 10:58:09
Key Financial Figures
- $5,000,000 — gram authorizes the repurchase of up to $5,000,000 in shares of the Company's outstanding
- $2,967,000 — e Company had repurchased approximately $2,967,000 in common stock. Other than the extensi
Filing Documents
- sec8krepurchofshrscover.htm (8-K) — 25KB
- sec8krepurchofshrs.htm (EX-99.1) — 4KB
- 0000894671-25-000038.txt ( ) — 154KB
- ovbc-20250820.xsd (EX-101.SCH) — 4KB
- ovbc-20250820_lab.xml (EX-101.LAB) — 21KB
- ovbc-20250820_pre.xml (EX-101.PRE) — 16KB
- sec8krepurchofshrscover_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
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.
01 Financial Statements and Exhibits
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
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.