Ohio Valley Banc Corp. Reports 3rd Quarter Earnings
Key Highlights
- ➤Q3 net income $3.295 million, up 8.7% year over year
- ➤Nine-month net income $10.519 million, down 9.7% year over year
- ➤Credit-loss provision $2.825 million, up $1.713 million year over year
- ➤Total loans increased $52 million year to date, reaching $1.248 billion
- ➤Net interest margin narrowed to 3.99% for the first nine months
Expert Statements
Larry Miller, CEO of Ohio Valley Banc Corp.
“Although our year-to-date performance has not met our expectations, the primary driver has been losses tied to a limited number of commercial credits. We remain encouraged by the strength of our core business, including continued loan growth and stable margins. As funding costs remain elevated, we are focused on disciplined execution and are confident in our ability to work through these challenges and create long-term value for our shareholders.”
Ohio Valley Banc Corp. Reports 3rd Quarter Earnings PR Newswire
GALLIPOLIS, Ohio, Oct. 27, 2026 /PRNewswire/ -- Ohio Valley Banc Corp. (Nasdaq: OVBC) (the "Company") reported consolidated net income for the quarter ended September 30, 2026, of $3,295,000, an increase of $265,000, or 8.7%, from the same period the prior year. Earnings per share for the third quarter of 2026 were $.70 compared to $.64 for the prior year third quarter. For the nine months ended September 30, 2026, net income totaled $10,519,000, a decrease of $1,127,000, or 9.7%, from the same period the prior year. Earnings per share were $2.23 for the first nine months of 2026 versus $2.47 for the first nine months of 2025. Return on average assets and return on average equity were .85% and 8.14%, respectively, for the first nine months of 2026, compared to 1.03% and 9.95%, respectively, for the same period in the prior year.
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