---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-001567"
form_type: "8-K"
ticker: "OVLY"
cik: "0001431567"
company_name: "Oak Valley Bancorp"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:39:23.831444+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Oak Valley Bancorp Q4 2022 EPS $1.15, net income up 173% YoY; declares $0.16 dividend

## Summary
- Q4 net income $9.475M ($1.15 diluted EPS) vs $3.466M ($0.42) a year ago; FY net income $22.902M ($2.79 EPS).
- Net interest margin expanded to 4.09% in Q4 from 2.55% a year ago, driven by FOMC rate hikes.
- Recorded a $1.55M reversal of loan loss provisions, reducing allowance to 1.03% of gross loans.
- Board declared a $0.16 per share cash dividend, payable Feb 10, 2023 to holders of record Jan 30, 2023.
- Non-performing assets remained at zero; total assets $1.97B, deposits $1.81B.

## SEC filing metadata
- accession: 0001437749-23-001567
- form_type: 8-K
- ticker: OVLY
- cik: 0001431567
- company_name: Oak Valley Bancorp
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1431567/000143774923001567/0001437749-23-001567-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431567/000143774923001567/ovly20230120_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-001567
- JSON: https://secwatch.observer/filing/0001437749-23-001567.json
- Plain text: https://secwatch.observer/filing/0001437749-23-001567.txt

## Key facts
- Earnings Releases
  Oak Valley Bancorp reported quarter and twelve months ended December 31, 2022 results: net income $9,475,000 or $1.15 per diluted share (EPS).
  - Period: quarter and twelve months ended December 31, 2022
  - Net income: $9,475,000 or $1.15 per diluted share (EPS)
  - Result: reported results
  source text: On January 20, 2023 Oak Valley Bancorp issued a press release, a copy of which is attached as Exhibit 99.1 and incorporated herein by reference. The press release announced the Company’s operating results for the quarter and twelve months ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431567/000143774923001567/0001437749-23-001567-index.htm

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