Oak Valley Bancorp corrects Q4 loan growth to $45.3M from $100.8M; reports FY net income $30.8M

Oak Valley Bancorp

Corrects Q4 loan growth from $100.8M to $45.3M; financial tables unchanged.
Q4 net income $5.865M ($0.71 EPS) vs $7.354M ($0.89 EPS) prior Q and $9.475M ($1.15 EPS) year ago.
Full-year 2023 net income $30.848M ($3.75 EPS), up 34.7% from $22.902M ($2.79 EPS) in 2022.
Gross loans $1.02B at Dec 31, up $45.3M from Sept 30, up $100.8M YoY.
Declares cash dividend $0.225/share, payable Feb 9 to holders of record Jan 29.

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 year and quarter ended December 31, 2023 results: net income 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 th, EPS $0.71 per diluted share (EPS)...$0.89 EPS...$1.15 EPS...$3.75 EPS.

Period: the year and quarter ended December 31, 2023
Net income: 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 th
EPS: $0.71 per diluted share (EPS)...$0.89 EPS...$1.15 EPS...$3.75 EPS
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. Consolidated net income for the year ended December 31, 2023, totaled $30,848,000, or $3.75 EPS

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Oak Valley Bancorp filing history →

Source: SEC EDGAR

accession 0001437749-24-001985

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.