secwatch.observer — SEC 8-K summary
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Issuer:     OHIO VALLEY BANC CORP (OVBC)
CIK:        0000894671
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000894671-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Ohio Valley Banc Q3 net income drops 39% to $2.25M; EPS $0.47 vs $0.77
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- Net income $2.251M ($0.47 EPS) vs $3.690M ($0.77 EPS) in Q3 2022, down 39%.
- Net interest margin narrowed to 3.85% from 4.03%; net interest income decreased $469K.
- Provision for credit losses $888K vs negative $378K prior year; ACL ratio 0.85% vs 0.56%.
- Nonperforming loans improved to 0.28% of total loans from 0.46% a year earlier.
- Total assets $1.314B, up 8.5% from Dec 2022; loan growth $76M funded partly by wholesale deposits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894671/000089467123000035/0000894671-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894671/000089467123000035/sec8kearngsrels093023.htm
  HTML page:      https://secwatch.observer/filing/0000894671-23-000035

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