---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020509"
form_type: "8-K"
ticker: "OVLY"
cik: "0001431567"
company_name: "Oak Valley Bancorp"
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:09:24.694653+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-020509
- form_type: 8-K
- ticker: OVLY
- cik: 0001431567
- company_name: Oak Valley Bancorp
- filed_at: 2023-07-24T23:59:59+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/1431567/000143774923020509/0001437749-23-020509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431567/000143774923020509/ovly20230721_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020509
- JSON: https://secwatch.observer/filing/0001437749-23-020509.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020509.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431567/000143774923020509/0001437749-23-020509-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431567/000143774923020509/0001437749-23-020509-index.htm

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