Quarterly ResultApr 22, 2026, 05:01 PM
Oak Valley Bancorp Q1 2026 Net Income $5.31M, EPS $0.64
AI Summary
Oak Valley Bancorp reported Q1 2026 consolidated net income of $5.31 million, or $0.64 per diluted share. This marks a decrease from the prior quarter's $6.34 million but a slight increase from $5.30 million in the same period last year. The sequential decline was primarily due to increased operating expenses and decreased net interest income, while year-over-year growth was driven by earning asset growth. The company maintained a strong balance sheet with $2.01 billion in total assets and $1.15 billion in gross loans, though non-performing assets rose to $4.6 million from zero a year ago.
Key Highlights
- Q1 2026 Net Income: $5,309,000, down from $6,335,000 in prior quarter.
- Q1 2026 Diluted EPS: $0.64, flat compared to prior year.
- Net Interest Income: $18,824,000, down from $19,457,000 sequentially.
- Total Assets: $2.01 billion at March 31, 2026, a sequential decrease of $12.8 million.
- Non-performing assets: $4.6 million (0.23% of total assets), up from zero a year ago.