Oak Valley Bancorp Reports 1st Quarter Results
Oak Valley Bancorp (CA) (OVLY)
US:NASDAQ Investor Relations:
investors.ovcb.com
Company Research
Source: GlobeNewswire
OAKDALE, Calif., April 19, 2024 (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 first quarter of 2024. For the three months ended March 31, 2024, consolidated net income was $5,727,000, or $0.69 per diluted share (EPS). This compared to consolidated net income of $5,865,000, or $0.71 EPS, for the prior quarter and $9,225,000, or $1.12 EPS, for the same period a year ago. The net income decrease compared to prior periods was primarily the result of an increase in deposit interest expense. Average cost of funds increased to 68 bps as of March 31, 2024, compared to 55 bps for the prior quarter and 10 bps for the first quarter of 2023. This was partially offset by loan growth of $22.9 million over the prior quarter. Net interest income for the three months ended March 31, 2024 was $17,241,000,
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News
- Oak Valley Community Bank Named One of Central Valley's Best Places to Work [Yahoo! Finance]Yahoo! Finance
- Oak Valley Community Bank Named One of Central Valley’s Best Places to WorkGlobeNewswire
- Oak Valley Bancorp First Quarter 2024 Earnings: EPS: US$0.70 (vs US$1.13 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Oak Valley Bancorp (NASDAQ: OVLY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Oak Valley Bancorp Reports 1st Quarter Results [Yahoo! Finance]Yahoo! Finance
OVLY
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- OVLY's page on the SEC website