Ohio Valley Banc Q2 net income down 30.5%; provision spikes on two large commercial credits

OHIO VALLEY BANC CORP

Q2 net income $2.927M ($0.62 EPS) vs $4.210M ($0.89 EPS) a year ago, down 30.5%.
Provision for credit losses $3.755M, up $2.607M from Q2 2025, driven by $4.531M specific allocations on two collateral-dependent loans (auto dealership and hotel construction).
Net interest margin narrowed to 3.93% from 4.17% as funding costs rose faster than asset yields.
Nonperforming loans to total loans rose to 1.44% at June 30, 2026 from 0.45% a year earlier; allowance for credit losses increased to 1.33% from 0.99%.
Visa share exchange generated $377,000 gain; tax processing agreement expiration reduced electronic refund fees by $135,000 in Q2.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.