secwatch.observer — SEC 8-K summary
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Issuer:     OHIO VALLEY BANC CORP (OVBC)
CIK:        0000894671
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000894671-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894671/000089467124000012/0000894671-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894671/000089467124000012/sec8kearngsrels033124.htm
  HTML page:      https://secwatch.observer/filing/0000894671-24-000012

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