secwatch.observer — SEC 8-K summary
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Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001437749-24-001843
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774924001843/0001437749-24-001843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774924001843/ovly20240119_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-001843

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