secwatch.observer — SEC 8-K summary
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Issuer:     OHIO VALLEY BANC CORP (OVBC)
CIK:        0000894671
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000894671-23-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894671/000089467123000019/0000894671-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894671/000089467123000019/sec8kearngsrels033123.htm
  HTML page:      https://secwatch.observer/filing/0000894671-23-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer