---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-001985"
form_type: "8-K/A"
ticker: "OVLY"
cik: "0001431567"
company_name: "Oak Valley Bancorp"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:11:55.968144+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-001985
- form_type: 8-K/A
- ticker: OVLY
- cik: 0001431567
- company_name: Oak Valley Bancorp
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1431567/000143774924001985/0001437749-24-001985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431567/000143774924001985/ovly20240123_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-001985
- JSON: https://secwatch.observer/filing/0001437749-24-001985.json
- Plain text: https://secwatch.observer/filing/0001437749-24-001985.txt

## Key facts
- Earnings Releases
  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
  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. 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/1431567/000143774924001985/0001437749-24-001985-index.htm

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