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Stock impact report

Ohio Valley Banc Corp. Reports 1st Quarter Earnings

Ohio Valley Banc Corp. (OVBC) 
US:NASDAQ Investor Relations: ovbc.com/about/annual-reports--documents
Company Research Source: PR Newswire
GALLIPOLIS, Ohio, April 27, 2020 /PRNewswire/ -- Ohio Valley Banc Corp. (Nasdaq: OVBC) (the "Company") reported consolidated net income for the quarter ended March 31, 2020, of $1,002,000, a decrease of $191,000 from the same period the prior year.  Earnings per share for the first quarter of 2020 was $.21, compared to $.25 for the first quarter of 2019.  Return on average assets and return on average equity were .40 percent and 3.14 percent, respectively, for the first quarter of 2020, versus .47 percent and 4.08 percent, respectively, for the same period the prior year.CEO Tom Wiseman commented, "No matter the circumstances, it is always disappointing to not report record earnings.  However, during this period of unprecedented challenge, it is the health, safety and welfare of our customers, employees and shareholders that is of utmost importance.  Our community bankers' response to the COVID-19 pandemic has been nothing short of heroic.  OVB staff came up with new ways to serve our Show less Read more
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