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OVBC Ohio Valley Banc News Story

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Ohio Valley Banc's Q4 profit surges on higher net interest income

Overview

Ohio bank's Q4 net income rose 57.3% yr/yr, driven by higher net interest income

Q4 EPS increased to $0.84 from $0.53 yr/yr

Noninterest income fell due to $2.5 mln loss on securities sales

Outlook

Ohio Valley Banc did not provide specific guidance for future quarters or the full year in press release

Result Drivers

NET INTEREST INCOME - Increased due to higher average earning assets and improved net interest margin

LOAN GROWTH - Driven by commercial real estate, commercial and industrial, and residential real estate segments

NONINTEREST INCOME DECLINE - Affected by $2.5 mln loss on securities sales

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 EPS$0.84
Q4 Net Interest Margin4.18%
Press Release: ID:nPn9DJ9Yra For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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