Oak Valley Bancorp Q4 EPS $0.71, down from $0.89 prior qtr; full-year record $3.75 EPS; $0.225 dividend

Oak Valley Bancorp

2023-FY EPS reported $3.75

Q4 net income $5.865M ($0.71 EPS) vs $7.354M ($0.89) prior qtr and $9.475M ($1.15) year ago.
Full-year 2023 net income $30.848M ($3.75 EPS), up 34.7% from $22.902M ($2.79) in 2022.
Net interest margin 4.15% in Q4 (down from 4.34% prior qtr); full-year margin 4.33% vs 3.32% in 2022.
Gross loans $1.02B (+$100.8M YoY); deposits $1.65B (-$163.8M YoY); Q4 credit provision $1.13M; ACL 1.07%.
Board declared $0.225 per share cash dividend, record Jan 29, 2024, pay Feb 9, 2024.

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 0.95

Oak Valley Bancorp reported year ended December 31, 2023 results: net income 30,848,000, EPS 3.75.

Period: year ended December 31, 2023
Net income: 30,848,000
EPS: 3.75
Result: reported results

Exact text from the filing

Consolidated net income for the year ended December 31, 2023, totaled $30,848,000, or $3.75 EPS

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Oak Valley Bancorp reported three months ended December 31, 2022 results: net income 9,475,000, EPS 1.15.

Period: three months ended December 31, 2022
Net income: 9,475,000
EPS: 1.15
Result: reported results

Exact text from the filing

For the three months ended December 31, 2023, consolidated net income was $5,865,000 or $0.71 per diluted share (EPS), as compared to $7,354,000, or $0.89 EPS, for the prior quarter and $9,475,000, or $1.15 EPS for the same period a year ago.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Oak Valley Bancorp reported three months ended December 31, 2023 results: net income 5,865,000, EPS 0.71.

Period: three months ended December 31, 2023
Net income: 5,865,000
EPS: 0.71
Result: reported results

Exact text from the filing

For the three months ended December 31, 2023, consolidated net income was $5,865,000 or $0.71 per diluted share (EPS)

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Oak Valley Bancorp reported year ended December 31, 2022 results: net income 22,902,000, EPS 2.79.

Period: year ended December 31, 2022
Net income: 22,902,000
EPS: 2.79
Result: reported results

Exact text from the filing

Consolidated net income for the year ended December 31, 2023, totaled $30,848,000, or $3.75 EPS, representing an increase of 34.7% compared to $22,902,000, or $2.79 EPS for 2022.

View on SEC.gov

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Oak Valley Bancorp filing history →

Source: SEC EDGAR

accession 0001437749-24-001843

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