Oak Valley Bancorp Q1 net income flat year over year

Oak Valley Bancorp

22/04/2026 22:17

Overview

US community bank's Q1 net income and EPS were flat yr/yr, down from prior qtr

Net interest income rose yr/yr but fell from prior qtr due to lower yields and higher deposit costs

Higher non-interest expense driven by staffing and operating costs for loan and deposit growth

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

HIGHER OPERATING EXPENSES - Co said Q1 non-interest expense increased mainly due to higher staffing and general operating costs to support loan and deposit growth

LOWER NET INTEREST INCOME - Q1 net interest income fell from prior qtr due to lower yields on cash balances, lower average earning assets, slight increase in deposit interest rates, and two fewer days of interest accruals

SPECIAL DIVIDEND - Q1 non-interest income rose partly due to a special dividend from the Federal Home Loan Bank

Company press release: ID:nGNX8p5Fvb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.64
Q1 Net Income
$5.31 mln
Q1 Net Interest Income
$18.82 mln
Q1 Net Interest Margin
4.12%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)