OVBC announces extension of Stock Buyback Program
Ohio Valley Banc Corp. (Nasdaq: OVBC) has announced the extension of its existing stock buyback program until August 31, 2026. The program, which was initially approved in 2021, authorizes the repurchase of up to $5 million in outstanding common stock. As of August 19, 2025, the company has already repurchased approximately $2.97 million in common stock.
The Board of Directors has maintained all original terms of the buyback program, retaining the authority to terminate or amend it before the expiration date. This extension represents the company's continued commitment to returning value to shareholders.
Ohio Valley Banc Corp. (Nasdaq: OVBC) ha annunciato l'estensione del proprio programma di riacquisto di azioni fino al 31 agosto 2026. Il programma, approvato inizialmente nel 2021, autorizza il riacquisto fino a 5 milioni di dollari di azioni ordinarie in circolazione. Al 19 agosto 2025 la societ脿 ha gi脿 riacquistato circa 2,97 milioni di dollari di azioni ordinarie.
Il Consiglio di Amministrazione ha mantenuto tutti i termini originari del programma, conservando la facolt脿 di terminarlo o modificarlo prima della scadenza. Questa estensione riflette l'impegno continuativo della societ脿 a restituire valore agli azionisti.
Ohio Valley Banc Corp. (Nasdaq: OVBC) ha anunciado la pr贸rroga de su programa de recompra de acciones hasta el 31 de agosto de 2026. El programa, aprobado originalmente en 2021, autoriza la recompra de hasta 5 millones de d贸lares en acciones ordinarias en circulaci贸n. A fecha del 19 de agosto de 2025, la compa帽铆a ya ha recomprado aproximadamente 2,97 millones de d贸lares en acciones ordinarias.
La Junta Directiva ha mantenido todos los t茅rminos originales del programa, conservando la autoridad para rescindirlo o modificarlo antes de su vencimiento. Esta pr贸rroga refleja el compromiso continuo de la empresa de devolver valor a los accionistas.
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Ohio Valley Banc Corp. (Nasdaq: OVBC) a annonc茅 la prolongation de son programme de rachat d'actions en cours jusqu'au 31 ao没t 2026. Le programme, initialement approuv茅 en 2021, autorise le rachat de jusqu'脿 5 millions de dollars d'actions ordinaires en circulation. Au 19 ao没t 2025, la soci茅t茅 avait d茅j脿 rachet茅 environ 2,97 millions de dollars d'actions ordinaires.
Le conseil d'administration a maintenu tous les termes initiaux du programme, en conservant la possibilit茅 de le r茅silier ou de le modifier avant son 茅ch茅ance. Cette prolongation t茅moigne de l'engagement continu de la soci茅t茅 脿 restituer de la valeur aux actionnaires.
Ohio Valley Banc Corp. (Nasdaq: OVBC) hat die Verl盲ngerung seines bestehenden Aktienr眉ckkaufprogramms bis zum 31. August 2026 bekanntgegeben. Das urspr眉nglich 2021 genehmigte Programm erlaubt den R眉ckkauf von bis zu 5 Millionen US-Dollar an ausstehenden Stammaktien. Zum 19. August 2025 hat das Unternehmen bereits rund 2,97 Millionen US-Dollar an Stammaktien zur眉ckgekauft.
Der Aufsichtsrat hat alle urspr眉nglichen Bedingungen des R眉ckkaufprogramms beibehalten und beh盲lt sich das Recht vor, es vor Ablauf zu beenden oder zu 盲ndern. Diese Verl盲ngerung unterstreicht das fortgesetzte Engagement des Unternehmens, den Aktion盲ren Wert zur眉ckzugeben.
- Authorization to repurchase up to $5 million in outstanding common stock remains active
- Company has already executed $2.97 million in share repurchases, showing commitment to the program
- One-year extension provides continued flexibility for capital return to shareholders
- Remaining buyback capacity limited to approximately $2.03 million
- Board retains right to terminate or amend program, creating uncertainty
The program was originally approved by the board in 2021 and was set to expire August 31 of this year. With the extension, the share repurchase program will continue to authorize the repurchase of up to
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.
About Ohio Valley Banc Corp.
Ohio Valley Banc Corp. common stock is traded on The NASDAQ Global Market under the symbol OVBC. Ohio Valley Banc Corp. is based in
Contact: Scott聽Shockey, CFO, 740-446-2631
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SOURCE Ohio Valley Banc Corp.
FAQ
When does OVBC's extended stock buyback program expire?
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