Oak Valley Bancorp Reports 3rd Quarter Results
Key Highlights
- ➤Q3 net income $6.45 million, or $0.77 diluted EPS, down from $0.81 year-over-year
- ➤Net interest income rose to $19.802 million; net interest margin expanded to 4.24%
- ➤Nine-month net income fell to $16.873 million, or $2.02 diluted EPS
- ➤Gross loans increased $41.226 million year-over-year to $1.15 billion
- ➤Nonperforming assets reached $2.581 million, or 0.13% of total assets
Expert Statements
Rick McCarty, President and Chief Executive Officer of Oak Valley Bancorp
“We are pleased with our third-quarter operating results, highlighted by stronger net interest income and expanded net interest margin.”
Rick McCarty, President and Chief Executive Officer of Oak Valley Bancorp
“These results reflect the strength of our core banking franchise and our team’s disciplined approach to balance sheet management.”
OAKDALE, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended September 30, 2026, consolidated net income was $6,450,000, or $0.77 per diluted share (EPS), as compared to $5,114,000, or $0.61 EPS, for the prior quarter and $6,693,000, or $0.81 EPS, for the same period a year ago. Consolidated net income for the nine months ended September 30, 2026 was $16,873,000, or $2.02 EPS, compared to $17,578,000, or $2.12 EPS, for the same period of 2025.
The increase in third quarter net income compared to the prior quarter was primarily due to an increase in net interest income, a decrease in non-interest expense, and an increase in non-interest income. Year-to-date net income decreased compared to 2025 primarily due to an increase in non-interest expense, partially offset by increases in net interest income and non-interest income.
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