Ohio Valley Banc Corp. Reports 2nd Quarter Earnings
Ohio Valley Banc Corp. reported Q2 2026 net income of $2.93 million, or $0.62 per share, a decrease of 30.5% from the prior year, driven largely by a $3.76 million provision for credit losses linked to specific large commercial credits. Management emphasized that the credit risk is confined to a select group of relationships and not indicative of broader portfolio deterioration, though nonperforming loans rose to 1.44% from 0.45% a year ago.
Key figures
- Eps
- 0.62
- Net income
- 2927000
- Total assets
- 1.661 billion
- Dividend per share
- 0.25
- Net interest income
- 15398000
- Net interest margin
- 3.93%
- Nonperforming loans ratio
- 1.44%
- Provision for credit losses
- 3755000
AI analysis
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