Why did the Board extend this program instead of creating a new one?

The filing does not explain the Board's reasoning. The extension simply continues the existing 2021 authorization with the same $5 million cap, avoiding the need for a new board vote and maintaining operational continuity.

How much of the $5 million authorization has been used?

As of August 18, 2026, the Company had repurchased approximately $2,967,000 in common stock, leaving roughly $2,033,000 in remaining authorization under the program.

Does this extension change the buyback program's terms?

No. The filing states that other than the extension of the expiration date, no changes were made to the stock buyback program. The $5 million authorization amount and all other parameters remain the same.

What happens if the Company doesn't use all $5 million by August 31, 2027?

The filing does not address this scenario. However, it states that the Board may terminate or amend the program at any time prior to the expiration date, suggesting flexibility to extend further if desired.

How long has this buyback program been in effect?

The program was originally approved by the Board in 2021, making it five years old at the time of this extension filing in August 2026.

OVBC 8-K Filed 2026-08-19 Amendment

Ohio Valley Banc extends stock buyback program to August 2027

Extension of existing $5M repurchase authorization; $2.97M already deployed as of mid-August 2026.

Remaining$2M

MechanismNot specified

What the filing says

Ohio Valley Banc Corp. announced that its Board of Directors has extended the expiration date of its existing stock buyback program to August 31, 2027. The program, originally approved in 2021 and scheduled to expire on August 31, 2026, continues to authorize the repurchase of up to $5 million in shares of the Company's outstanding common stock.

As of August 18, 2026, the Company had repurchased approximately $2,967,000 under the program, leaving roughly $2,033,000 in remaining authorization. No changes were made to the program's terms or parameters other than the one-year extension of the expiration date. The Board reserves the right to terminate or amend the program at any time prior to the expiration date.

Ohio Valley Banc Corp. announced the Board of Directors has authorized the extension date of its existing stock buyback program to August 31, 2027. With the extension, the share repurchase program will continue to authorize the repurchase of up to $5 million in shares of the Company's outstanding common stock. — OHIO VALLEY BANC CORP 8-K filing · View on SEC EDGAR →

What this means

This filing documents an amendment to an existing buyback authorization, not a new program. The Board has simply extended the program's expiration date by one year, from August 31, 2026 to August 31, 2027. The original $5 million authorization amount remains unchanged. With roughly $3 million already deployed over the program's five-year history, approximately $2 million remains available for future repurchases. This extension preserves management's flexibility to return capital to shareholders through buybacks without requiring formal reauthorization.

Frequently asked questions

Why did the Board extend this program instead of creating a new one?: The filing does not explain the Board's reasoning. The extension simply continues the existing 2021 authorization with the same $5 million cap, avoiding the need for a new board vote and maintaining operational continuity.
How much of the $5 million authorization has been used?: As of August 18, 2026, the Company had repurchased approximately $2,967,000 in common stock, leaving roughly $2,033,000 in remaining authorization under the program.
Does this extension change the buyback program's terms?: No. The filing states that other than the extension of the expiration date, no changes were made to the stock buyback program. The $5 million authorization amount and all other parameters remain the same.
What happens if the Company doesn't use all $5 million by August 31, 2027?: The filing does not address this scenario. However, it states that the Board may terminate or amend the program at any time prior to the expiration date, suggesting flexibility to extend further if desired.
How long has this buyback program been in effect?: The program was originally approved by the Board in 2021, making it five years old at the time of this extension filing in August 2026.

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Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.