Ohio Valley Banc Q2 FY26 net income drops 30.46% to $2.93 million
Reuters2026/08/13 15:08- Ohio Valley Banc posted Q2 net income of USD 2.93 million, down USD 1.28 million from a year earlier; EPS fell to USD 0.62 from USD 0.89.
- H1 net income slipped to USD 7.22 million from USD 8.62 million; EPS declined to USD 1.53 from USD 1.83.
- Provision for credit losses rose to USD 3.76 million in Q2 and USD 5.38 million in H1, on specific allocations tied to two collateral-dependent commercial loans.
- Net interest income climbed 5.9% to USD 15.49 million in Q2 and rose 9.4% to USD 30.37 million in H1, as average earning assets expanded.
- Noninterest income increased 11.9% to USD 3.18 million in Q2, helped by USD 377,000 in unrealized gains on equity securities from a Visa exchange offer.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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