Quarterly ResultJul 27, 2026, 10:31 AM
Ohio Valley Banc Q2 Net Income Down 30.5% to $2.93M; EPS $0.62
AI Summary
Ohio Valley Banc Corp. reported a significant decline in consolidated net income for the second quarter and first half of 2026. Q2 2026 net income fell 30.5% to $2.93 million, with EPS at $0.62. This decrease was primarily driven by a substantial increase in the provision for credit losses, which rose by $2.61 million in the quarter due to specific allocations on two collateral-dependent loans. Despite the decline in profitability, the company experienced solid growth in net interest income and average earning assets, funded by promotional deposit offerings.
Key Highlights
- Q2 2026 net income decreased 30.5% to $2.93 million from prior year.
- Q2 2026 earnings per share were $0.62, down from $0.89 in Q2 2025.
- H1 2026 net income decreased 16.2% to $7.22 million from prior year.
- H1 2026 earnings per share were $1.53, down from $1.83 in H1 2025.
- Q2 2026 provision for credit loss expense increased by $2.61 million to $3.76 million.
- H1 2026 provision for credit loss expense increased by $3.81 million to $5.38 million.
- Net interest income increased by $863,000 in Q2 2026 and $2.61 million in H1 2026.
- Net interest margin for Q2 2026 was 3.93%, down from 4.17% in Q2 2025.
Price Impact
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