---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-012695"
form_type: "8-K"
ticker: "OVLY"
cik: "0001431567"
company_name: "Oak Valley Bancorp"
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T13:42:41.733075+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Oak Valley Bancorp Q1 net income $5.7M ($0.69 EPS) down 38% YoY; NIM 4.09%

## Summary
- Net income $5.727M ($0.69 diluted EPS) vs $9.225M ($1.12) Q1 2023, down 38% YoY.
- Net interest margin 4.09% vs 4.39% year ago; average cost of funds 68 bps vs 10 bps.
- Loans grew $22.9M QoQ to $1.04B; deposits fell $38.1M QoQ to $1.61B.
- Non-performing assets remained at zero; no provision for credit losses recorded.
- Non-interest expense rose to $11.529M from $9.757M YoY on staffing and operating costs.

## SEC filing metadata
- accession: 0001437749-24-012695
- form_type: 8-K
- ticker: OVLY
- cik: 0001431567
- company_name: Oak Valley Bancorp
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1431567/000143774924012695/0001437749-24-012695-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431567/000143774924012695/ovly20240419_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-012695
- JSON: https://secwatch.observer/filing/0001437749-24-012695.json
- Plain text: https://secwatch.observer/filing/0001437749-24-012695.txt

## Key facts
- Earnings Releases
  Oak Valley Bancorp reported For the three months ended March 31, 2024 results: net income 5,727,000, EPS 0.69.
  - Period: For the three months ended March 31, 2024
  - Net income: 5,727,000
  - EPS: 0.69
  - Result: reported results
  source text: For the three months ended March 31, 2024, consolidated net income was $5,727,000, or $0.69 per diluted share (EPS).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431567/000143774924012695/0001437749-24-012695-index.htm

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