---
schema_version: "secwatch.filing_event.v1"
accession: "0000894671-24-000012"
form_type: "8-K"
ticker: "OVBC"
cik: "0000894671"
company_name: "OHIO VALLEY BANC CORP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T09:00:04.127702+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ohio Valley Banc Q1 net income $2.79M, EPS $0.58 vs $0.82 YoY; net interest margin down to 3.61%

## Summary
- Q1 net income of $2.79M, down 28.5% YoY; diluted EPS $0.58 vs $0.82.
- Net interest margin fell to 3.61% from 4.21% due to higher deposit costs.
- Loan growth of $18M from Dec 31 to $990M; nonperforming loans ratio 0.37% vs 0.26%.
- Total deposits increased $22M from year end, primarily in time deposits.
- Noninterest expense rose 4.6% on higher salaries and benefits; efficiency ratio 71.47%.

## SEC filing metadata
- accession: 0000894671-24-000012
- form_type: 8-K
- ticker: OVBC
- cik: 0000894671
- company_name: OHIO VALLEY BANC CORP
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894671/000089467124000012/0000894671-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894671/000089467124000012/sec8kearngsrels033124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000894671-24-000012
- JSON: https://secwatch.observer/filing/0000894671-24-000012.json
- Plain text: https://secwatch.observer/filing/0000894671-24-000012.txt

## Key facts
- Earnings Releases
  OHIO VALLEY BANC CORP reported the quarter ended March 31, 2024 results: net income $2,793,000, EPS $.58.
  - Period: the quarter ended March 31, 2024
  - Net income: $2,793,000
  - EPS: $.58
  - Result: reported results
  source text: Ohio Valley Banc Corp. [Nasdaq: OVBC] (the “Company”) reported consolidated net income for the quarter ended March 31, 2024, of $2,793,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/894671/000089467124000012/0000894671-24-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.