Quarterly ResultJul 22, 2026, 07:33 PM
Oak Valley Bancorp Q2 Net Income $5.11M, EPS $0.61; Declares Dividend
AI Summary
Oak Valley Bancorp reported Q2 2026 consolidated net income of $5,114,000, or $0.61 per diluted share, a decrease from the prior quarter and prior year. The decline was primarily due to increased non-interest expense and lower non-interest income, partially offset by higher net interest income and a lower provision for credit losses. The company experienced strong loan growth, an improved net interest margin, and a significant reduction in non-performing assets. The Board of Directors also declared a cash dividend of $0.375 per share.
Key Highlights
- Q2 2026 consolidated net income was $5,114,000, down from $5,309,000 in Q1 2026.
- Q2 2026 diluted EPS was $0.61, compared to $0.64 in Q1 2026.
- Net interest income for Q2 2026 increased to $18,944,000 from $18,824,000 in Q1 2026.
- Net interest margin for Q2 2026 was 4.15%, up from 4.12% in Q1 2026.
- Gross loans grew by $18,264,000 during Q2 2026 to $1.17 billion.
- Non-performing assets decreased to $2,631,000 (0.13% of total assets) from $4,574,000 in Q1 2026.
- A cash dividend of $0.375 per share was declared, payable August 14, 2026.
Price Impact
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