secwatch.observer — SEC 8-K summary
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Issuer:     Oak Valley Bancorp (OVLY)
CIK:        0001431567
Form:       8-K/A
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001437749-24-001985
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431567/000143774924001985/0001437749-24-001985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431567/000143774924001985/ovly20240123_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-001985

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