Ohio Valley Banc Q1 net income down 5.3% to $3.9M; EPS $0.82 vs $0.87

OHIO VALLEY BANC CORP

Net income $3.908M, down $217K (5.3%) YoY; diluted EPS $0.82 vs $0.87.
Net interest margin expanded to 4.21% from 3.51% due to rising loan yields outpacing deposit costs.
Provision for credit losses was $489K vs negative $1,126K in prior year, reflecting loan growth and CECL adoption.
Total deposits increased $54M vs Dec 2022, primarily time deposits; loans up $21M.
Book value per share $28.80 vs $28.63; dividend unchanged at $0.21/sh.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

OHIO VALLEY BANC CORP reported the quarter ended March 31, 2023 results: net income consolidated net income for the quarter ended March 31, 2023, of $3,908,000, EPS Earnings per share for the first quarter of 2023 were $.82.

Period: the quarter ended March 31, 2023
Net income: consolidated net income for the quarter ended March 31, 2023, of $3,908,000
EPS: Earnings per share for the first quarter of 2023 were $.82
Result: reported results

Exact text from the filing

Ohio Valley Banc Corp. [Nasdaq: OVBC] (the “Company”) reported consolidated net income for the quarter ended March 31, 2023, of $3,908,000

View on SEC.gov

Browse all earnings releases →

OHIO VALLEY BANC CORP filing history →

Source: SEC EDGAR

accession 0000894671-23-000019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.