---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-010805"
form_type: "8-K"
ticker: "OVLY"
cik: "0001431567"
company_name: "Oak Valley Bancorp"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:14:42.213246+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Oak Valley Bancorp Q1 net income $9.2M ($1.12 EPS), down 2.6% from Q4 but up 289% YoY

## Summary
- Net interest income rose to $19.5M from $19.1M in Q4 and $11.0M a year ago; NIM expanded to 4.39%.
- Gross loans increased $11.1M sequentially to $926.8M; deposits declined $45.1M to $1.77B.
- Loan-loss provision reversed $460K in Q1 due to improved credit metrics; NPAs remained at zero.
- Cash equivalents totaled $389M; management cites strong liquidity despite recent banking industry events.
- Non-interest expense rose to $9.76M from $9.61M in Q4, driven by staffing and new Roseville branch costs.

## SEC filing metadata
- accession: 0001437749-23-010805
- form_type: 8-K
- ticker: OVLY
- cik: 0001431567
- company_name: Oak Valley Bancorp
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1431567/000143774923010805/0001437749-23-010805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431567/000143774923010805/ovly20230421_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-010805
- JSON: https://secwatch.observer/filing/0001437749-23-010805.json
- Plain text: https://secwatch.observer/filing/0001437749-23-010805.txt

## Key facts
- Earnings Releases
  Oak Valley Bancorp reported the quarter ended March 31, 2023 results: net income $9,225,000, EPS $1.12.
  - Period: the quarter ended March 31, 2023
  - Net income: $9,225,000
  - EPS: $1.12
  - Result: reported results
  source text: For the three months ended March 31, 2023, consolidated net income was $9,225,000, or $1.12 per diluted share (EPS).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431567/000143774923010805/0001437749-23-010805-index.htm

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