Business Context and Reporting Period
Company: Ohio Valley Banc Corp. (OVBC)
Filing Type: Form 8-K (Current Report)
Date of Report: August 19, 2026
Event: Extension of the Company's share repurchase program.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on capital allocation regarding the share repurchase program.
- Repurchase Authorization: Up to $5,000,000 in common stock.
- Amount Repurchased (as of Aug 18, 2026): Approximately $2,967,000.
- Remaining Authorization: Approximately $2,033,000 (calculated).
Material Changes
The Board of Directors extended the expiration date of the existing share repurchase program from August 31, 2026, to August 31, 2027. No other changes were made to the program's terms or authorization limits.
Guidance, Outlook, and Risks
Management Commentary: The Board elected to extend the program for an additional year to continue returning capital to shareholders.
Contingencies: The program may be terminated or amended by the Board at any time prior to the new expiration date.
Risks: None explicitly detailed in this specific filing beyond the discretionary nature of the buyback program.
Investor Verification Checklist
- Verify the exact number of shares repurchased to date to calculate the average repurchase price.
- Confirm the remaining balance available for future repurchases under the $5,000,000 authorization.
- Review the attached press release (Exhibit 99.1) for any additional qualitative commentary on the decision to extend.
- Monitor future filings for any amendments or terminations of the program before the August 31, 2027 deadline.