Ohio Valley Banc reports Q2 net income down 30% to $1.999M; EPS $0.42 vs $0.60

OHIO VALLEY BANC CORP

Net income of $1.999M for Q2 2022 vs $2.861M same quarter last year; EPS $0.42 vs $0.60.
Net interest income rose $338K to $10.553M; net interest margin improved to 3.64% on linked quarter basis.
Provision for loan losses was $813K, up from $27K, due to $868K in net charge-offs (including $613K single loan).
Noninterest expense increased $726K to $10.023M, driven by staffing at Race Day Mortgage and software costs.
New Ohio Valley Bank branch to open in Ironton, Ohio, expanding into Lawrence County.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.