Ohio Valley Banc reports Q4 2022 net income $3.5M ($0.74 EPS), up 53% YoY; record full-year earnings

OHIO VALLEY BANC CORP

Q4 net income $3.524M (+53%), EPS $0.74 vs $0.48; full-year net income $13.338M (+13.7%), EPS $2.80 vs $2.45.
Net interest margin expanded to 4.38% in Q4 from 3.57% a year ago; full-year margin 3.89% vs 3.61%.
Provision for loan losses $659K in Q4 vs -$301K prior year; nonperforming loans improved to 0.43% of total loans.
Noninterest income decreased $216K in Q4 due to $1.537M loss on sale of securities reinvested into higher-yielding securities.
Dividends per share $0.21 quarterly; annual payout $0.99, up from $0.84 in 2021.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OHIO VALLEY BANC CORP reported the year ended December 31, 2022 results: net income $13,338,000, EPS $2.80.

Period: the year ended December 31, 2022
Net income: $13,338,000
EPS: $2.80
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, net income totaled $13,338,000, an increase of $1,606,000, or 13.7%, from the same period the prior year. Earnings per share were $2.80 for 2022 versus $2.45 for 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OHIO VALLEY BANC CORP reported the quarter ended December 31, 2022 results: net income $3,524,000, EPS $.74.

Period: the quarter ended December 31, 2022
Net income: $3,524,000
EPS: $.74
Result: reported results

Exact text from the filing

reported consolidated net income for the quarter ended December 31, 2022, of $3,524,000, an increase of $1,220,000, or 53.0%, from the same period the prior year. Earnings per share for the fourth quarter of 2022 were $.74 compared to $.48 for the prior year fourth quarter.

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Source: SEC EDGAR

accession 0000894671-23-000007

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