OVBC News & Events

Ohio Valley Banc Corp. announced the board of directors has authorized the extension date of its existing stock buyback program to August 31, 2026. 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 $5M in shares of the company's outstanding common stock. As of August 19, 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.

Ohio Valley Banc Corp. was added as a member of the broad-market Russell 3000 Index, effective after the U.S. market opened June 30 as part of the 2025 Russell indexes' reconstitution.

Reports Q4 book value per share $31.91. Ohio Valley Banc Corp. President and CEO, Larry Miller stated, "While it is never enjoyable to report lower net income, given all that was accomplished in 2024, I am quite pleased with how the company is positioned for future success. Net income was down primarily due to two one-time expenses that management knowingly accepted to put the company in a more favorable position as we look to the future. The largest of the two expenses was the $3.3 million associated with the voluntary early retirement program. The other one-time expense was the $496,000 in account bonuses paid to new Sweet Home Ohio depositors. Both of these expenses are part of a broader strategy to improve shareholder value and further our Community First Mission."

Ohio Valley Banc Corp.'s Board of Directors has authorized the extension date of its existing stock buyback program to August 31, 2025. The program was originally set to expire August 31 of this year. With the extension, the share repurchase program will continue to authorize the repurchase of up to $5M in shares of the company's outstanding common stock. As of August 21, the company had repurchased approximately $2,967,000 in common stock. The program may be terminated or amended by the Board at any time prior to the expiration date.