---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-001843"
form_type: "8-K"
ticker: "OVLY"
cik: "0001431567"
company_name: "Oak Valley Bancorp"
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:34:31.510850+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-001843
- form_type: 8-K
- ticker: OVLY
- cik: 0001431567
- company_name: Oak Valley Bancorp
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1431567/000143774924001843/0001437749-24-001843-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431567/000143774924001843/ovly20240119_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-001843
- JSON: https://secwatch.observer/filing/0001437749-24-001843.json
- Plain text: https://secwatch.observer/filing/0001437749-24-001843.txt

## Key facts
- Earnings Releases
  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
  source text: Consolidated net income for the year ended December 31, 2023, totaled $30,848,000, or $3.75 EPS
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431567/000143774924001843/0001437749-24-001843-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431567/000143774924001843/0001437749-24-001843-index.htm
- Earnings Releases
  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
  source text: For the three months ended December 31, 2023, consolidated net income was $5,865,000 or $0.71 per diluted share (EPS)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431567/000143774924001843/0001437749-24-001843-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431567/000143774924001843/0001437749-24-001843-index.htm

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