Oak Valley Bancorp Reports 3rd Quarter Results
Oak Valley Bancorp (CA) (OVLY)
US:NASDAQ Investor Relations:
investors.ovcb.com
Company Research
Source: GlobeNewswire
OAKDALE, Calif., Oct. 18, 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 three months ended September 30, 2024, consolidated net income was $7,324,000, or $0.89 per diluted share (EPS), as compared to $5,889,000, or $0.71 EPS, for the prior quarter and $7,354,000, or $0.89 EPS, for the same period a year ago. Consolidated net income for the nine months ended September 30, 2024 was $18,940,000, or $2.30 EPS, compared to $24,983,000 or $3.04 EPS for the same period of 2023. The increase in third quarter net income compared to the prior quarter was primarily due to loan recoveries that resulted in a reversal of allowance for credit losses of $1,620,000. The QTD and YTD decreases compared to the same periods of 2023 were related to an increase in deposit interest expense and genera
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News
- Oak Valley Community Bank Receives SBA Lending Accolades [Yahoo! Finance]Yahoo! Finance
- Oak Valley Community Bank Receives SBA Lending AccoladesGlobeNewswire
- Oak Valley Community Bank Announces Commercial Banking Officer Hiring [Yahoo! Finance]Yahoo! Finance
- Oak Valley Community Bank Announces Commercial Banking Officer HiringGlobeNewswire
- Oak Valley Community Bank Receives Approval On $125,000 in Grants Submitted to Support Turlock Gospel Mission and Habitat for Humanity of Tuolumne County [Yahoo! Finance]Yahoo! Finance
OVLY
Sec Filings
- 11/13/24 - Form 10-Q
- 11/8/24 - Form SC
- 10/24/24 - Form SC
- OVLY's page on the SEC website