secwatch.observer — SEC 8-K summary
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Issuer:     OHIO VALLEY BANC CORP (OVBC)
CIK:        0000894671
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000894671-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894671/000089467123000007/0000894671-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894671/000089467123000007/sec8kearngsrels123122.htm
  HTML page:      https://secwatch.observer/filing/0000894671-23-000007

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