secwatch.observer — SEC 8-K summary
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Issuer:     OHIO VALLEY BANC CORP (OVBC)
CIK:        0000894671
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0000894671-24-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Ohio Valley Banc Q2 net income down 8.5% to $2.97M; EPS $0.63 vs $0.68
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- Net income for Q2 2024 fell to $2.972M from $3.249M YoY; H1 net income down 19.4%.
- Net interest margin compressed 29 bps in Q2 to 3.74%, but improved 13 bps sequentially.
- Loans grew $68M since year-end; provision for credit losses increased $157k in Q2.
- Noninterest expense rose $448k in Q2 due to higher salaries and data processing costs.
- Dividend per share cut to $0.22 from $0.37 YoY; company repurchased $1.93M in stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894671/000089467124000018/0000894671-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894671/000089467124000018/sec8kearngsrels063024.htm
  HTML page:      https://secwatch.observer/filing/0000894671-24-000018

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