Ohio Valley Banc Extends Buyback Program Through 2027
The community lender has repurchased roughly 59% of its $5 million share-repurchase authorization after extending the program by one year.
Ohio Valley Banc Corp. (OVBC) extended its stock buyback program by one year to August 31, 2027, keeping the $5 million authorization intact as the community bank continues to return capital to shareholders.
As of August 18, 2026, the Gallipolis, Ohio-based lender had repurchased approximately $2,967,000 of its own shares, consuming roughly 59% of the authorized amount. The pace of buybacks signals management's willingness to deploy capital toward repurchases even as the bank navigates the interest-rate and credit environment facing small-cap community lenders in the Ohio River Valley.
The extension preserves the bank's flexibility to continue purchasing shares over the coming year without requiring a new board authorization. For a bank of Ohio Valley's size — the company operates a handful of branches serving southeastern Ohio and western West Virginia — the $5 million program represents a meaningful allocation of capital relative to its market capitalization.
The remaining authorization of just over $2 million gives the bank room to continue repurchasing shares through mid-2027, though the pace of future purchases will depend on market conditions, capital levels, and competing uses for cash such as loan growth or potential acquisitions.
Ohio Valley Banc's shares trade on the Nasdaq exchange under the ticker OVBC.