OHIO VALLEY BANC CORP (OVBC) Form 8-K — Oct 27, 2026
Ohio Valley Banc Corp. (Nasdaq: OVBC) reported Q3 2026 net income of $3,295,000, up 8.7% from $3,030,000 a year earlier, with EPS of $0.70 versus $0.64. For the nine months ended September 30, 2026, net income fell 9.7% to $10,519,000 (EPS $2.23 vs $2.47), driven by a provision for credit losses of $8,202,000 — up $5,526,000 — tied to $6,783,000 in year-to-date net charge-offs including an auto dealership loan and a hotel construction loan. The core business strengthened: net interest income rose $3,882,000 year-to-date on $140 million of average loan growth funded by promotional CDs and money market accounts, while the net interest margin compressed slightly to 3.99%.
Key figures
- Eps
- $0.70 Q3 2026; $2.23 for nine months 2026
- Revenue
- $69,767,000 interest income for nine months ended September 30, 2026
- Net Income
- $3,295,000 for Q3 2026; $10,519,000 for nine months 2026
- Total loans
- $1,247,856,000 (up $52M from year-end 2025)
- Total assets
- $1,655,351,000
- Total deposits
- $1,413,515,000 (up $84M from year-end 2025)
- Q3 net charge offs
- $6,357,000
- Shareholders equity
- $169,801,000
- Book value per share
- $36.04 vs $34.90
- Q3 net income change
- +$265,000 or +8.7% YoY
- Net interest margin q3
- 4.30% per highlights table; narrative states 4.03% vs 4.05%
- Q3 dividends per share
- $0.25
- Q3 net interest income
- $15,868,000 (up $1,271,000 YoY)
- Nonperforming loans ratio
- 1.09% at Sept 30, 2026 vs 1.40% at Dec 31, 2025 and 0.42% at Sept 30, 2025
- Nine month net charge offs
- $6,783,000
- Nine month net income change
- -$1,127,000 or -9.7% YoY
- Nine month net interest income
- $46,154,000 (up $3,882,000 YoY)
- Q3 provision for credit losses
- $2,825,000 (up $1,713,000 YoY)
- Average loan growth nine months
- +$140 million
- Net interest margin nine months
- 3.99% vs 4.03% prior year
- Return on avg assets nine months
- 0.85% vs 1.03% prior year
- Return on avg equity nine months
- 8.14% vs 9.95% prior year
- Allowance for credit losses ratio
- 1.05% of total loans
- Nine month provision for credit losses
- $8,202,000 (up $5,526,000 YoY)
AI analysis
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