Ohio Valley Banc Q3 net income rises 11.4% to $3.03M; EPS $0.64

OHIO VALLEY BANC CORP

Q3 net income $3.03M ($0.64 EPS), up 11.4% from $2.72M ($0.58 EPS) year ago.
Nine-month net income $11.65M ($2.47 EPS), up 37.3% from $8.48M ($1.79 EPS).
Net interest margin improved to 4.05% (Q3) from 3.76%; YTD NIM 4.03% vs 3.71%.
Sold $11M securities yielding 1.32%, reinvested at 4.37% to enhance future NIM.
YTD loan growth $69M; nonperforming loans ratio improved to 0.42% from 0.44%.

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