Ohio Valley Banc Q1 net income falls 2.5%

Ohio Valley Banc

28/04/2026 20:37

Overview

US regional bank's Q1 net income declined 2.5% yr/yr, EPS fell to $0.91

Net interest income rose 13.3% yr/yr, driven by loan growth and margin expansion

Noninterest income declined, mainly due to loss of a tax processing agreement

Outlook

Company did not provide specific guidance or forecasts for the current or future quarters

Result Drivers

LOAN GROWTH AND MARGIN EXPANSION - Net interest income rose due to higher average earning assets and increased net interest margin, with loan growth in targeted commercial segments

CREDIT LOSS PROVISION - Provision for credit losses increased, mainly due to specific allocations on two collateral-dependent commercial loans, higher net charge-offs, and increased loans

NONINTEREST INCOME DECLINE - Noninterest income fell, mainly due to the expiration of a tax processing agreement, partially offset by higher bank owned life insurance and card interchange income

Company press release: ID:nPn7YttLca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.91
Q1 Net Income
$4.30 mln
Q1 Net Interest Income
$14.89 mln
Q1 Net Interest Margin
4.01%


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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.)