Oak Valley Bancorp Q2 net income $8.4M ($1.02 EPS), dividend $0.16

Oak Valley Bancorp

2023-Q2 EPS reported $2.14

Net income $8.404M ($1.02 diluted EPS) vs $9.225M ($1.12) prior Q1 and $4.258M ($0.52) year ago.
Net interest income $19.407M, net interest margin 4.45% vs 2.98% a year ago; deposit cost rose to 0.16%.
Deposits fell $86.8M from March 31 to $1.68B; loans grew $23.7M to $950.5M; cash & equivalents $301M.
No non-performing assets; ACL at 0.99% of loans; no provision for credit losses in Q2.
Board declared $0.16/share dividend, payable Aug 11, 2023 to holders of record July 31, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Oak Valley Bancorp reported the six months ended June 30, 2023 results: net income $17,629,000, EPS $2.14 EPS.

Period: the six months ended June 30, 2023
Net income: $17,629,000
EPS: $2.14 EPS
Result: reported results

Exact text from the filing

Consolidated net income for the six months ended June 30, 2023 was $17,629,000, or $2.14 EPS, compared to $6,627,000 or $0.81 EPS for the same period of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Oak Valley Bancorp reported the three months ended June 30, 2023 results: net income $8,404,000, EPS $1.02 per diluted share.

Period: the three months ended June 30, 2023
Net income: $8,404,000
EPS: $1.02 per diluted share
Result: reported results

Exact text from the filing

For the three months ended June 30, 2023, consolidated net income was $8,404,000, or $1.02 per diluted share (EPS), as compared to $9,225,000, or $1.12 EPS, for the prior quarter and $4,258,000, or $0.52 EPS, for the same period a year ago.

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Source: SEC EDGAR

accession 0001437749-23-020509

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