Quarterly ResultMay 15, 2026, 05:12 PM
Ohio Valley Banc Q1 Net Income $4.3M, EPS $0.91
AI Summary
Ohio Valley Banc Corp. reported a slight decrease in net income and earnings per share for the first quarter of 2026 compared to the prior year. Net income was $4.3 million, or $0.91 per share, down from $4.4 million, or $0.94 per share, in Q1 2025. Despite this, net interest income saw a substantial increase, while the provision for credit losses also rose significantly. The company's total assets and deposits grew compared to the end of 2025.
Key Highlights
- Net income for Q1 2026 was $4.297 million, down from $4.406 million in Q1 2025.
- Diluted EPS was $0.91 in Q1 2026, compared to $0.94 in Q1 2025.
- Net interest income increased to $14.888 million in Q1 2026 from $13.140 million in Q1 2025.
- Provision for credit losses rose to $1.622 million in Q1 2026 from $416 thousand in Q1 2025.
- Total assets grew to $1.677 billion at March 31, 2026, from $1.583 billion at December 31, 2025.
- Total deposits increased to $1.424 billion at March 31, 2026, from $1.330 billion at December 31, 2025.
- Cash dividends declared were $0.23 per share in Q1 2026, up from $0.22 per share in Q1 2025.
- Accumulated other comprehensive income (loss) was $(4.059) million at March 31, 2026.
Price Impact
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