OVBC

Shares of Ohio Valley Banc Corp. (OVBC) have lost 0.1% since the company reported its earnings for the quarter ended June 30, 2026. This compares to the S&P 500 Index’s 0.6% gain over the same time frame. Over the past month, the stock lost 3.7% compared with the S&P 500’s 1.3% decline. Ohio Valley Banc reported second-quarter 2026 net income of $2.9 million, down 30.5% from $4.2 million in the prior-year quarter. Earnings per share (EPS) declined 30.3% to $0.62 from $0.89 a year ago. For the six months ended June 30, 2026, net income was $7.2 million, down 16.2% from $8.6 million in the comparable period, while EPS fell 16.4% to $1.53 from $1.83. The decline in profitability came despite stronger net interest income, as higher provisions for credit losses weighed on results. Net interest income increased 5.9% to $15.4 million in the second quarter from $14.5 million a year ago and rose 9.4% to $30.3 million for the first half from $27.7 million. Ohio Valley Banc’s core banking operations benefited from expansion in earning assets, particularly loans. Average earning assets increased to $1.59 billion in the second quarter from $1.41 billion a year ago, driven primarily by higher average loan balances. For the first six months of 2026, average loans increased by $152 million year over year, largely within targeted commercial lending segments. OVBC’s net interest margin (NIM), however, moderated during the quarter. Second-quarter 2026 NIM declined to 3.93% from 4.17% in the prior-year period, while the first-half margin decreased slightly to 3.97% from 4.01%. Management attributed the pressure to funding costs rising faster than asset yields, as promotional certificates of deposit and money market accounts increased funding expenses. Ohio Valley Banc noted that growth in earning assets more than offset the margin contraction. Ohio Valley Banc Corp. price-consensus-eps-surprise-chart | Ohio Valley Banc Corp. Quote A significant factor affecting quarterly results was a higher provision for credit losses. The provision rose to $3.8 million in the second quarter of 2026 from $1.1 million in the prior-year period, an increase of $2.6 million. The increase was primarily related to a $4.5 million rise in specific allocations on two collateral-dependent loans, additional reserves tied to loan growth and quarter-to-date net charge-offs. For the first half of 2026, provision expense increased to $5.4 million from $1.6 million a year ago. OVBC’s elevated credit risk was concentrated in select relationships, including a commercial loan to an automobile dealership and a commercial real estate construction loan, rather than reflecting broad deterioration across the portfolio. Nonperforming loans represented 1.44% of total loans as of June 30, 2026, compared with 0.45% a year earlier, while the allowance for credit losses increased to 1.33% of total loans from 0.99%. Noninterest income improved in the second quarter of 2026, increasing 11.9% to $3.2 million from $2.8 million a year ago. The increase was supported by a $377,000 unrealized gain on equity securities following a Visa share conversion and higher debit and credit card interchange income, which rose 5.5% year over year. Service charges on deposit accounts rose 7.1% to $774,000 from $723,000. For the first half, however, noninterest income was slightly lower at $6.47 million compared with $6.49 million a year ago, primarily due to the expiration of an electronic refund check and deposit fee agreement. Noninterest expense increased 1.8% to $11.2 million in the second quarter from $11 million, while first-half expenses rose 3.1% to $22.5 million. Higher salaries and employee benefits, software investments and FDIC insurance costs contributed to the increase, partially offset by lower data processing expenses related to a vendor billing recovery. Ohio Valley Banc expanded its balance sheet during the first half of 2026. Total assets reached $1.66 billion as of June 30, 2026, up from $1.58 billion as of Dec. 31, 2025. The increase was driven mainly by a $50.1 million rise in total loans and a $32 million increase in Federal Reserve balances. Total deposits also increased from $1.33 billion as of year-end 2025 to $1.41 billion as of June 30, 2026, supported by growth in time deposits and money market accounts. Shareholders’ equity increased to $173.4 million as of June 30, 2026, from $170.3 million at year-end. CEO Larry Miller said that first-half performance was supported by solid growth in net interest income and a stable NIM. Miller acknowledged that results were affected by increased credit loss provisions but stated that the elevated risk was limited to specific commercial relationships. Management expressed confidence in Ohio Valley Banc’s balance sheet strength and long-term outlook. Ohio Valley Banc did not announce any acquisitions, divestitures or major restructuring actions during the quarter. The company continues to operate through The Ohio Valley Bank Company, which has 19 offices across Ohio and West Virginia, and Loan Central, Inc., which operates six consumer finance offices in Ohio. OVBC participated in a Visa exchange offer during the quarter, converting Visa Class B-1 shares into a combination of Visa Class B-3 and Class C common stock. The company recorded a $377,000 gain after marking the Visa Class C shares to fair value. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ohio Valley Banc Corp. (OVBC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

GALLIPOLIS, Ohio, July 27, 2026 /PRNewswire/ -- Ohio Valley Banc Corp. (Nasdaq: OVBC) (the "Company") reported consolidated net income for the quarter ended June 30, 2026, of $2,927,000, a decrease of $1,283,000, or 30.5%, from the same period the prior year. Earnings per share for the second quarter of 2026 were $.62 compared to $.89 for the prior year second quarter. For the six months ended June 30, 2026, net income totaled $7,224,000, a decrease of $1,392,000, or 16.2%, from the same period the prior year. Earnings per share were $1.53 for the first six months of 2026 versus $1.83 for the first six months of 2025. Return on average assets and return on average equity were .89% and 8.48%, respectively, for the first half of 2026, compared to 1.16% and 11.30%, respectively, for the same period in the prior year. Ohio Valley Banc Corp. CEO, Larry Miller said, "Our performance through the first half of 2026 was driven by solid growth in net interest income and a stable net interest margin. Results for the period reflected an increase in provision for credit losses, which are associated with a small number of large commercial credits. Based on our ongoing review, we believe the elevated risk is confined to these specific relationships and does not reflect a broader deterioration in portfolio credit quality. Overall, we remain confident in the strength of our balance sheet and our long-term outlook." For the three months ended June 30, 2026, net interest income increased $863,000, and for the six months ended June 30, 2026, net interest income increased $2,611,000 from the same respective periods last year. These increases were related to the increase in average earning assets. For the three and six months ended June 30, 2026, average earning assets increased $178 million and $149 million from the same periods last year, respectively, which was primarily related to growth in average loan balances. For the six months ended June 30, 2026, average loans increased $152 million from the same period last year, which occurred mostly within the targeted commercial lending segments. The growth in average earning assets was funded primarily from promotional offerings for certificates of deposit and new money market accounts for individual and business customers. For the six months ended June 30, 2026, the average balance of certificates of deposit and money market accounts increased $135 million and $25 million, respectively, from the same period last year. For the second quarter of 2026, the net interest margin was 3.93%, a decrease from 4.17% for the second quarter of 2025. For the six months ended June 30, 2026, the net interest margin was 3.97%, a decrease from 4.01% for the same period last year. The decrease in the net interest margin was related to the cost of funding sources increasing at a greater pace than the yield on earning assets. Comparing the first half of 2026 to the first half of 2025, the yield on earning assets improved in relation to the growth in higher yielding loans that now comprise a larger percentage of earning assets, along with the improvement in the yield on securities. During the second half of 2025, the Company sold $36.9 million in securities where the yield on securities sold went from 1.35% to 4.52% on the securities purchased, which has benefited interest income in 2026. Included in the yield on earning assets for the second quarter and first half of 2025 was the recognition of a market discount on purchased loans totaling $817,000, which was not replicated during the same periods in 2026. For the first half of 2026 versus the first half of 2025, the cost of funding sources increased as the composition of funding sources shifted to higher cost deposit sources, such as, certificates of deposit and money market accounts that were offered pursuant to certain promotional offerings mentioned above. These promotional deposit offerings were utilized to fund loan growth and to maintain an appropriate liquidity position. Although the net interest margin contracted, the additional growth in earning assets more than offset the decrease. For the three months ended June 30, 2026, the provision for credit loss expense totaled $3,755,000, an increase of $2,607,000 from the same period last year. The increase in the quarterly provision for credit loss expense was primarily the result of the $4,531,000 increase in specific allocations on two collateral dependent loans, additional reserves required for the $31 million quarterly increase in loan balances, and quarter-to-date net charge-offs of $148,000. These increases in reserves were partially offset by a net decrease in modeled loss rates, primarily in relation to the improvement in unemployment projections, and by a decrease in certain qualitative risk factors related to improved trends surrounding delinquency and net charge-offs for select portfolios, along with the reduced exposure of borrowers servicing debt as their loans adjust to a market rate. For the six months ended June 30, 2026, the provision for credit losses was $5,377,000, an increase of $3,813,000 from the same period last year. The year-to-date provision for credit loss expense was primarily the result of the $6,561,000 increase in specific allocations on two collateral dependent loans, additional reserves required for the $50 million year-to-date increase in loan balances, and year-to-date net charge-offs of $426,000. Partially offsetting these increases were lower reserves due to a decrease in certain qualitative risk factors, as mentioned above, and lower modeled loss rates in relation to improved economic indicators. The ratio of nonperforming loans to total loans was 1.44% at June 30, 2026, compared to 1.40% at December 31, 2025, and .45% at June 30, 2025. The allowance for credit losses was 1.33% of total loans at June 30, 2026, compared to .96% at December 31, 2025, and .99% at June 30, 2025. In general, the increase in the allowance for credit losses was related to the exposure on a select group of loan relationships and was not reflective of the loan portfolio as a whole. Of the stressed loan relationships, one is a commercial loan to an automobile dealership and the other is a commercial real estate loan for the construction of a hotel. For the three and six months ended June 30, 2026, noninterest income increased $338,000 and decreased $20,000, respectively, from the same periods last year. During the second quarter of 2026, the Company participated in an exchange offer initiated by Visa Inc., where 954 Visa Class B-1 shares were tendered by the Company in exchange for a mix of Visa Class B-3 and Class C common stock. The Company then marked its Visa Class C common stock to fair value and recorded a $377,000 gain based on the conversion privilege of the Visa Class C common stock and the price of Visa Class A common stock. Also contributing to higher noninterest income was interchange income earned on debit and credit cards, which increased $70,000 and $156,000 during the three and six months ended June 30, 2026, compared to the same periods from 2025, respectively. Lastly, during the six months ended June 30, 2026, income from bank owned life insurance increased $137,000 due to the receipt of life insurance proceeds. For the three and six months ended June 30, 2026, electronic refund check and deposit fees decreased $135,000 and $675,000, respectively, from the same periods in 2025 due to the expiration of a tax processing agreement with a third party. For the three months ended June 30, 2026, noninterest expense totaled $11,245,000, an increase of $196,000 from the same period last year. For the six months ended June 30, 2026, noninterest expense totaled $22,546,000, an increase of $679,000, or 3.1%, from the same period last year. The Company's largest noninterest expense, salaries and employee benefits, increased $359,000 as compared to the second quarter of 2025, and increased $694,000 as compared to the first half of 2025. The increases were primarily related to annual merit increases and to health insurance premiums. Further contributing to higher noninterest expense was software expense, which for the three and six months ended June 30, 2026, increased $74,000 and $206,000, respectively, from the same periods last year. The increase was primarily related to an investment in software to enhance internal processes. In addition, FDIC insurance expense increased $77,000 and $135,000, respectively, for the three and six months ended June 30, 2026, compared to the same periods last year. The increase was related to a higher assessment base due to growth in assets and to an increase in the assessment rate in relation to higher nonperforming loans. Partially offsetting these increases was a decrease in data processing expense which decreased $605,000 during the second quarter of 2026, and $619,000 during the first half of 2026, compared to the same periods from 2025. The decrease was primarily related to the recovery of $544,000 from a vendor for a billing error for services provided over a specific time period. The Company's total assets at June 30, 2026 were $1.661 billion, an increase of $79 million, or 5.0%, from December 31, 2025. The increase in assets was primarily the result of a $50 million increase in total loans and a $32 million increase in balances maintained at the Federal Reserve. At June 30, 2026, total deposits increased $79 million from year end 2025, which occurred primarily within time deposits and money market accounts. At June 30, 2026, shareholders' equity increased $3.1 million from year end 2025. This was primarily from year-to-date net income of $7.2 million, partially offset by cash dividends paid of $2.3 million and a decrease in accumulated other comprehensive income of $1.8 million. Ohio Valley Banc Corp. common stock is traded on the NASDAQ Global Market under the symbol OVBC. The holding company owns The Ohio Valley Bank Company with 19 offices in Ohio and West Virginia, and Loan Central, Inc. with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at www.ovbc.com. Caution Regarding Forward-Looking Information Certain statements contained in this earnings release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "anticipates," "expects," "appears," "intends," "targeted" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying those statements. Forward-looking statements involve risks and uncertainties. Actual results may differ materially from those predicted by the forward-looking statements because of various factors and possible events, including: (i) changes in political, economic or other factors, such as inflation rates, recessionary or expansive trends, taxes, the effects of implementation of federal legislation with respect to taxes, tariffs and government spending and the continuing economic uncertainty in various parts of the world; (ii) competitive pressures; (iii) fluctuations in interest rates; (iv) the level of defaults and prepayment on loans made by the Company; (v) unanticipated litigation, claims, or assessments; (vi) fluctuations in the cost of obtaining funds to make loans; (vii) regulatory changes; and (viii) other factors that may be described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made to reflect unanticipated events. Contact: Scott Shockey, CFO (740) 446-2631 View original content:https://www.prnewswire.com/news-releases/ohio-valley-banc-corp-reports-2nd-quarter-earnings-302835481.html

Shares of Ohio Valley Banc Corp. OVBC have declined 2.6% since the company reported its earnings for the quarter ended March 31, 2026. Shares underperformed the S&P 500 Index, which fell 0.5% over the same period. Over a broader one-month horizon, however, the stock edged up 0.6%, significantly lagging the S&P 500’s stronger 8.9% gain. Ohio Valley Banc reported first-quarter 2026 net income of $4.3 million, representing a 2.5% decline from $4.4 million in the year-ago period. Earnings per share fell 3.2% to 91 cents from 94 cents a year earlier. Despite the modest earnings decline, total net interest income rose sharply by 13.3% year over year to $14.9 million from $13.1 million, supported by higher earning assets and margin expansion. Total interest income increased 13.5% to $22.5 million from $19.8 million, reflecting growth in loan balances, while interest expense rose 13.9% to $7.6 million from $6.7 million. Noninterest income declined 9.8% to $3.3 million from $3.6 million, primarily due to the loss of electronic refund check and deposit fee income. Meanwhile, non-interest expenses increased 4.5% to $11.3 million from $10.8 million, mainly due to higher personnel and software costs. A key highlight of the quarter was the solid net interest income, which was fueled by a $121 million rise in average earning assets, particularly a $146 million expansion in average loans concentrated in commercial lending segments. Net interest margin improved to 4.01% from 3.85% in the prior-year quarter, reflecting higher yields on earning assets outpacing funding costs. Ohio Valley Banc Corp. price-consensus-eps-surprise-chart | Ohio Valley Banc Corp. Quote Credit costs increased notably during the quarter. The provision for credit losses rose to $1.6 million from $0.4 million in the prior year, largely due to specific reserves on two collateral-dependent loans and overall loan growth. Asset quality metrics also weakened, with nonperforming loans rising to 1.64% of total loans from 0.48% a year earlier. The allowance for credit losses increased to 1.07% of total loans as of March 31, 2026, from 0.97% as of March 31, 2025, indicating a more cautious stance amid rising credit risks. Noninterest income declined primarily due to a $540,000 drop in electronic refund check and deposit fees following the expiration of a third-party tax processing agreement. This was partially offset by higher income from bank-owned life insurance and increased card interchange income. On the expense side, salaries and employee benefits rose 5.6%, reflecting merit increases and higher healthcare costs, while software expenses climbed 24.4% due to investments in technology enhancements. FDIC insurance costs increased 31.7%, linked to asset growth and higher risk assessments. Despite these pressures, the efficiency ratio improved to 61.72% from 63.95%, indicating better cost management relative to revenues. Ohio Valley Banc continued to expand its balance sheet during the quarter. Total assets increased to $1.68 billion, up from $1.58 billion as of year-end 2025, driven by higher balances at the Federal Reserve and an increase in loans to $1.21 billion from $1.19 billion. Total deposits rose to $1.42 billion as of March 31, 2026, from $1.33 billion as of year-end 2025, primarily in time deposits. Shareholders’ equity increased modestly to $171.3 million from $170.3 million during the same time, supported by retained earnings but partially offset by dividends and changes in accumulated other comprehensive income. Management highlighted that core performance remained solid despite the slight decline in earnings. President and CEO Larry Miller emphasized double-digit growth in net interest income, margin expansion and continued loan growth in targeted commercial markets. He also noted ongoing investments in personnel, technology and the franchise as part of a long-term strategy for sustainable performance. OVBC did not indicate any acquisitions, divestitures or major restructuring activities during the quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ohio Valley Banc Corp. (OVBC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

GALLIPOLIS, Ohio, April 28, 2026 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended March 31, 2026, of $4,297,000, a decrease of $109,000, or 2.5%, from the same period during the prior year. Earnings per share for the first quarter of 2026 were $.91, compared to $.94 for the first quarter of 2025. Return on average assets and return on average equity were 1.08% and 10.17%, respectively, for the first quarter of 2026, versus 1.20% and 11.82%, respectively, for the same period the prior year. Ohio Valley Banc Corp. President and CEO, Larry Miller stated, "Our core performance remained strong, highlighted by double-digit growth in net interest income, margin expansion, and continued loan growth in our targeted commercial markets. While earnings were modestly lower, we continue to invest in our people, technology, and franchise for long-term, sustainable performance." For the first quarter of 2026, net interest income increased $1,748,000, or 13.3%, from the first quarter of 2025. The increase was related to the increase in both average earning assets and the net interest margin. For the first quarter of 2026, average earning assets increased $121 million from the same period last year, led by the $146 million growth in average loans, which was partially offset by the decreases in average securities of $15 million and average balances maintained at the Federal Reserve of $11 million. The growth in average loans occurred primarily within the targeted commercial lending segments. For the first quarter of 2026, the net interest margin was 4.01%, an increase from 3.85% for the first quarter of 2025. The increase in the net interest margin was related to the yield on earning assets increasing more than the cost of funding sources. The yield on earning assets improved primarily in relation to the strong growth in higher yielding loans, which now comprise a larger percentage of earning assets. For the three months ended March 31, 2026, the provision for credit loss expense was $1,622,000, an increase of $1,206,000 from the first quarter of 2025. The provision for credit loss expense for the first quarter of 2026 was primarily related to the specific allocation of $2,031,000 on two collateral dependent loans. Additional reserves were required for net charge-offs of $278,000 and the $19 million increase in loans since December 31, 2025. These increases in reserves were partially offset by a decrease in certain qualitative risk factors. The ratio of nonperforming loans to total loans was 1.64% at March 31, 2026, compared to 1.40% at December 31, 2025 and .48% at March 31, 2025. The increase in nonperforming loans was primarily related to three commercial loans being placed on nonaccrual status since March 31, 2025. Two of the loans required the specific allocation that was previously mentioned and one of the loans was deemed adequately collateralized. The allowance for credit losses was 1.07% of total loans at March 31, 2026, compared to .96% at December 31, 2025 and .97% at March 31, 2025. Noninterest income totaled $3,288,000 for the first quarter of 2026, a decrease of $358,000 from the same period last year. The decrease was primarily related to the $540,000 decrease in electronic refund check and deposit fees due to the expiration of a tax processing agreement with a third party. This decrease was partially offset by a $138,000 increase in income from bank owned life insurance due to the receipt of life insurance proceeds and to the $86,000 increase in debit and credit card interchange income. Noninterest expense totaled $11,301,000 for the first quarter of 2026, an increase of $483,000 from the same period last year. The Company's largest noninterest expense, salaries and employee benefits, increased $335,000, or 5.6%, from the first quarter of 2025. The increase was primarily related to annual merit increases and to health insurance premiums. For the three months ended March 31, 2026, software expense increased $132,000 from the same period last year. The increase was primarily related to an investment in software to enhance internal processes. Also contributing to higher noninterest expense for the first quarter of 2026 was a $58,000 increase in FDIC insurance expense, as compared to the same period last year. The increase was related to a higher assessment base due to growth in assets and to an increase in the assessment rate in relation to higher nonperforming loans. The Company's total assets at March 31, 2026 were $1.678 billion, an increase of $95 million from December 31, 2025. The increase in assets was primarily the result of a $78 million increase in balances maintained at the Federal Reserve and a $19 million increase in total loans. At March 31, 2026, total deposits increased $94 million from year end 2025, which occurred primarily within time deposits. Total shareholders' equity increased $1.0 million from year end 2025. This was primarily from year-to-date net income of $4.3 million, partially offset by a decrease in accumulated other comprehensive income of $2.2 million and cash dividends paid of $1.1 million. Ohio Valley Banc Corp. common stock is traded on the NASDAQ Global Market under the symbol OVBC. The holding company owns The Ohio Valley Bank Company with 18 offices in Ohio and West Virginia, and Loan Central, Inc. with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at www.ovbc.com. Caution Regarding Forward-Looking Information Certain statements contained in this earnings release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "anticipates," "expects," "appears," "intends," "targeted" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying those statements. Forward-looking statements involve risks and uncertainties. Actual results may differ materially from those predicted by the forward-looking statements because of various factors and possible events, including: (i) changes in political, economic or other factors, such as inflation rates, recessionary or expansive trends, taxes, the effects of implementation of federal legislation with respect to taxes, tariffs and government spending and the continuing economic uncertainty in various parts of the world; (ii) competitive pressures; (iii) fluctuations in interest rates; (iv) the level of defaults and prepayment on loans made by the Company; (v) unanticipated litigation, claims, or assessments; (vi) fluctuations in the cost of obtaining funds to make loans; (vii) regulatory changes; and (viii) other factors that may be described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made to reflect unanticipated events. Contact: Scott Shockey, CFO (740) 446-2631 View original content to download multimedia:https://www.prnewswire.com/news-releases/ohio-valley-banc-corp-reports-1st-quarter-earnings-302756204.html

Shares of Ohio Valley Banc Corp. OVBC have gained 2.1% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 Index’s 0.3% gain over the same time frame. Over the past month, the stock gained 2.9% compared with the S&P 500’s 2.1% growth. For the quarter ended Dec. 31, 2025, Ohio Valley Banc reported net income of $3.9 million, up 57.3% from $2.5 million in the year-ago period. Earnings per share (EPS) rose 58.5% to $0.84 from $0.53 a year earlier, reflecting the stronger bottom-line performance. For full-year 2025, net income increased 41.8% to $15.6 million from $10.9 million, while EPS climbed 42.7% to $3.31 from $2.32 in 2024. The improvement was supported by higher net interest income, which rose 18.4% year over year in the fourth quarter and 18.3% for the full year, driven by growth in average earning assets and an expansion in net interest margin. While Ohio Valley Banc does not report revenue in a traditional sense, total interest income for the fourth quarter increased 14.1% to $22.9 million from $20 million a year earlier, supported by growth across loan and securities portfolios. The quarterly net interest margin expanded to 4.18% from 3.70% a year ago, while the full-year margin improved to 4.07% from 3.71%. Average earning assets in fourth-quarter 2025 increased to $1.48 billion from $1.41 billion year over year, led by $75 million growth in average loans and $53 million growth in average securities. Loan growth was concentrated in commercial real estate, commercial and industrial, and residential real estate lending, partially offset by a deliberate reduction in consumer loans. Return on average assets rose to 1.00% for the quarter from 0.66% year over year and 1.02% for the full year from 0.77% in 2024. Return on average equity also improved, reaching 9.49% for the quarter from 6.62% year over year and 9.83% for the year from 7.50% in 2024. Total assets increased to $1.58 billion as of Dec. 31, 2025, from $1.50 billion in the prior year, reflecting loan growth and changes in the securities portfolio. Shareholders’ equity rose to $170.3 million as of Dec. 31, 2025, from $150.3 million as of Dec. 31, 2024, supported by retained earnings growth and improved accumulated other comprehensive income. Asset quality metrics showed some mixed trends. The ratio of non-performing loans to total loans rose to 1.40% as of Dec. 31, 2025, from 0.46% a year earlier, driven by two commercial loans placed on nonaccrual status. Management noted these loans are secured by commercial real estate and are considered adequately collateralized. The allowance for credit losses remained relatively stable at 0.96% of total loans compared with 0.95% at year-end 2024. Ohio Valley Banc Corp. price-consensus-eps-surprise-chart | Ohio Valley Banc Corp. Quote Management highlighted the results as record earnings in Ohio Valley Banc’s 153rd year of operations. President and CEO Larry Miller attributed performance to disciplined execution, employee commitment and a focus on community-oriented banking while enhancing shareholder value. Miller emphasized balance sheet growth, improved margins and cost controls as central contributors to the year’s performance, while reiterating OVBC’s long-standing “Community First” mission. A key factor behind earnings growth was margin expansion, driven by higher yields on earning assets and a decline in funding costs. The yield improvement reflected growth in higher-yielding loans and securities, as well as the recognition of market discounts on purchased loans during the year. Funding costs benefited from a shift toward lower-cost deposit categories such as NOW, money market and savings accounts, while higher-cost certificates of deposit repriced downward. Noninterest income declined sharply, falling 81.4% year over year in the fourth quarter, largely due to losses on securities sales. During the quarter, Ohio Valley Banc sold $25.9 million in securities at a loss of $2.5 million and reinvested the proceeds into higher-yielding instruments. Management indicated this repositioning is expected to support future net interest income despite the near-term impact on noninterest revenue. On the expense side, noninterest expense decreased 18.4% year over year, aided by lower salary and benefit costs following a voluntary early retirement program implemented in late 2024. Ohio Valley Banc did not include explicit forward-looking financial guidance. Management commentary focused on explaining current-period results, balance sheet strategy and margin dynamics rather than providing quantitative outlook metrics. No acquisitions, divestitures or major business restructurings were announced during the quarter. However, OVBC continued its participation in the Ohio Homebuyer Plus program, which influenced deposit and securities balances. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ohio Valley Banc Corp. (OVBC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

GALLIPOLIS, Ohio, Jan. 27, 2026 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended December 31, 2025, of $3,955,000, an increase of $1,440,000, or 57.3%, from the same period the prior year. Earnings per share for the fourth quarter of 2025 were $.84 compared to $.53 for the prior year fourth quarter. For the year ended December 31, 2025, net income totaled $15,601,000, an increase of $4,602,000, or 41.8%, from the same period the prior year. Earnings per share were $3.31 for 2025 versus $2.32 for 2024. Return on average assets and return on average equity were 1.02% and 9.83%, respectively, for the year ended December 31, 2025, compared to .77% and 7.50%, respectively, for the same period in the prior year. Ohio Valley Banc Corp. President and CEO, Larry Miller said, "As we anticipate the celebration of America's 250th birthday, your Company has reason to celebrate: the achievement of record earnings in our 153rd year in business! These results reflect the dedication of our employees to serving our customers while enhancing shareholder value and remaining rock-solid in their commitment to our Community First mission. None of this would be possible without the continued loyalty and support of our shareholders. We extend our sincere thanks to our shareholders for their continued support as we celebrate this historic milestone for both our company and our country." For the three months ended December 31, 2025, net interest income increased $2,403,000, and for the year ended December 31, 2025, net interest income increased $8,941,000 from the same respective periods last year. These increases were related to the increase in both average earning assets and the net interest margin for the respective periods. For the year ended December 31, 2025, average earning assets increased $103 million from the same period last year, led by the $75 million growth in average loans and the $53 million growth in average securities. The growth in average loans was related to the commercial real estate, commercial and industrial, and residential real estate lending segments. The growth in these segments was partially offset by a decrease in consumer loans, as this segment was deemphasized by the Company starting in 2024 to focus on more profitable portfolio segments. The growth in average securities was related to the Company participating in a program offered by the Ohio Treasurer called Ohio Homebuyer Plus starting in the third quarter of 2024. As a participant in the program, the Company developed the Sweet Home Ohio deposit account to offer participants an above-market interest rate along with a deposit bonus to assist customers in achieving their home savings goals. At December 31, 2025, the balance of Sweet Home Ohio accounts totaled $9.5 million, as compared to $6.8 million at December 31, 2024. For each Sweet Home Ohio account that was opened, the Company received a deposit from the Ohio Treasurer at a subsidized interest rate. At December 31, 2025, the amount deposited by the Treasurer totaled $69.9 million, a decrease from $97.4 million at December 31, 2024. Since the Treasurer deposits are classified as public funds, which are required to be collateralized, the Company invested the funds in securities to be pledged as collateral to the Treasurer. The investment of these funds was the primary contributor to the increase in securities from 2024. For the same period, the average balance of cash maintained at the Federal Reserve decreased $25 million to assist with funding loan growth and to generate a higher rate of return. Most of the growth in other funding sources occurred in average NOW, money market accounts, and savings accounts which increased $58 million from 2024. A large portion of this growth was related to the Ohio Treasurer's matching funds received for the Ohio Homebuyer Plus program along with the deposits made to the Sweet Home Ohio account. Based on the growth in these lower-cost deposits, the average growth in higher-cost certificates of deposit was limited to $34 million for 2025 versus the same period last year. For the fourth quarter of 2025, the net interest margin was 4.18%, an increase from 3.70% for the fourth quarter of 2024. For the year ended December 31, 2025, the net interest margin was 4.07%, an increase from 3.71% for the same period last year. The increase in the net interest margin was related to the yield on earning assets increasing, while the cost of funding sources decreased. The yield on earning assets improved in relation to the growth in higher yielding loans and securities, along with the recognition of a market discount on purchased loans totaling $817,000 during the second quarter and another $832,000 during the fourth quarter. The cost of funding sources decreased as the composition of funding sources shifted to lower cost deposit sources, such as, NOW, money market, and savings accounts. Furthermore, the average cost of certificates of deposit decreased as higher costing certificates repriced to lower current market rates. For the three months ended December 31, 2025, the provision for credit loss expense totaled $378,000, a decrease of $239,000 from the same period last year. The quarterly provision for credit loss expense was primarily associated with the $65 million quarterly increase in loan balances and the quarter-to-date net charge-offs of $225,000, which were partially offset by the decrease in certain qualitative risk factors. For the year ended December 31, 2025, the provision for credit losses was $3,054,000, an increase of $585,000 from the same period last year. The year-to-date provision for credit loss expense was primarily associated with net charge-offs of $1,334,000, loan growth of $134 million and an increase in modeled loss rates due to the regression in GDP and unemployment projections, which items were partially offset by the decrease in certain qualitative risk factors. The ratio of nonperforming loans to total loans was 1.40% at December 31, 2025, compared to .46% at December 31, 2024. The increase in nonperforming loans was primarily related to two commercial loans being placed on nonaccrual status. The loans are secured by commercial real estate and deemed adequately collateralized. The allowance for credit losses was .96% of total loans at December 31, 2025, compared to .95% at December 31, 2024. For the three and twelve months ended December 31, 2025, noninterest income decreased $3,192,000 and $4,201,000, respectively, from the same periods last year. The decreases were largely due to the loss on the sale of securities. During the fourth quarter of 2025, the Company sold $25.9 million in securities at a loss of $2,528,000. The securities sold were yielding 1.36% and were reinvested in similar securities with a longer duration that are yielding 4.59%. During the third quarter of 2025 a similar strategy was implemented. The Company sold $11.0 million in securities at a loss of $1,219,000 that were yielding 1.32%. The proceeds were reinvested into securities yielding 4.37%. Collectively, during 2025, the Company sold $36.9 million in securities at a loss of $3,747,000. The yield on securities sold went from 1.35% to 4.52% on the securities purchased. The Company believes that this strategy will increase future interest income by increasing its net interest margin. Also contributing to lower noninterest income was a decrease in other noninterest income, which for the three months ended December 31, 2025 decreased $733,000, and, for the year ended 2025, decreased $690,000 from the same periods the prior year, respectively. The decreases were largely related to lower earnings from a tax processing agreement and the disposition of certain assets. Partially offsetting these decreases was interchange income earned on debit and credit cards, which increased $45,000 and $196,000 during the three and twelve months ended December 31, 2025, compared to the same periods from 2024, respectively. For the three months ended December 31, 2025, noninterest expense totaled $10,853,000, a decrease of $2,453,000 from the same period last year. For the year ended December 31, 2025, noninterest expense totaled $44,209,000, a decrease of $1,921,000 from the same period last year. The Company's largest noninterest expense, salaries and employee benefits, decreased $2,497,000 as compared to the fourth quarter of 2024, and decreased $2,873,000 as compared to the year ended December 31, 2024. The decreases were primarily related to the cost incurred from the implementation of a voluntary early retirement program in the fourth quarter of 2024, which resulted in an expense of $3,338,000. The savings from the early retirement program were partially offset by annual merit increases and data processing and marketing expense. For the three months and year ended December 31, 2025, data processing increased $44,000 and $457,000, respectively, from the same periods last year. Higher costs in this category were related to debit and credit card processing due to higher transaction volume and conversion costs for the Company's new rewards platform. For the three months and year ended December 31, 2025, marketing expense increased $221,000 and $385,000, respectively, from the same periods last year. The increases were primarily related to advertising, a higher contribution to our own foundation fund and costs associated with supporting the communities we serve. The Company's total assets at December 31, 2025 were $1.583 billion, an increase of $79 million from December 31, 2024. Since December 31, 2024, loan balances increased $134 million, or 12.6%. The growth in loans occurred mostly in the targeted areas of commercial real estate, commercial and industrial, and residential real estate. The growth in these segments was partially offset by a decrease in consumer loans, as this segment has been deemphasized by the Company due to profitability relative to other loan portfolio segments. The increase in loans was primarily funded by a $54 million increase in total deposits, led by time deposits, and a $36 million decrease in balances maintained at the Federal Reserve. At December 31, 2025, shareholders' equity increased $19.9 million from year end 2024. This was primarily from year-to-date net income of $15.6 million and an increase in accumulated other comprehensive income of $8.6 million, partially offset by cash dividends paid of $4.3 million. The increase in accumulated other comprehensive income was related to the $5.6 million, net of tax, market appreciation of securities due to a decrease in market interest rates and the recognition of a $3.0 million, net of tax, realized loss on the sale of securities that was previously unrealized. Ohio Valley Banc Corp. common stock is traded on the NASDAQ Global Market under the symbol OVBC. The holding company owns The Ohio Valley Bank Company with 18 offices in Ohio and West Virginia, and Loan Central, Inc. with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at www.ovbc.com. Caution Regarding Forward-Looking Information Certain statements contained in this earnings release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "anticipates," "expects," "appears," "intends," "targeted" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying those statements. Forward-looking statements involve risks and uncertainties. Actual results may differ materially from those predicted by the forward-looking statements because of various factors and possible events, including: (i) changes in political, economic or other factors, such as inflation rates, recessionary or expansive trends, taxes, the effects of implementation of federal legislation with respect to taxes, tariffs and government spending and the continuing economic uncertainty in various parts of the world; (ii) competitive pressures; (iii) fluctuations in interest rates; (iv) the level of defaults and prepayment on loans made by the Company; (v) unanticipated litigation, claims, or assessments; (vi) fluctuations in the cost of obtaining funds to make loans; (vii) regulatory changes; and (viii) other factors that may be described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made to reflect unanticipated events. Contact: Scott Shockey, CFO (740) 446-2631 View original content:https://www.prnewswire.com/news-releases/ohio-valley-banc-corp-reports-4th-quarter-and-record-fiscal-year-earnings-302671721.html

Shares of Ohio Valley Banc Corp. OVBC have lost 0.9% since the company reported its earnings for the quarter ended Sept. 30, 2025. This compares to the S&P 500 Index’s 0.7% gain over the same time frame. Over the past month, the stock lost 2.6% against the S&P 500’s 2.1% growth. Ohio Valley Banc reported third-quarter 2025 net income of $3 million, up 11.4% from $2.7 million a year earlier, translating to earnings per share (EPS) of $0.64 compared with $0.58 in the year-ago quarter. Net interest income rose 16% year over year to $14.6 million for the quarter from $12.6 million, benefiting from higher average earning assets and a wider net interest margin of 4.05%, up from 3.76% a year earlier. Growth in net income was partly offset by an increase in credit loss provisions and lower noninterest income, reflecting realized losses on securities sales. For the nine months ended Sept. 30, 2025, net income surged 37.3% to $11.6 million, or $2.47 per share, compared with $8.5 million, or $1.79 per share, in the prior-year period. OVBC’s performance was driven by robust loan and securities growth. Average earning assets grew 8.8% year to date, led by increases of $75 million in securities and $65 million in average loans. Growth in commercial real estate, commercial and industrial, and residential real estate lending segments underpinned the expansion, while the consumer loan segment contracted as management continued to pivot toward more profitable segments. On the funding side, average NOW, money market, and savings accounts rose $85 million year to date, supported by the Ohio Homebuyer Plus program and related deposits. The provision for credit losses increased to $1.1 million in the third quarter of 2025 from $0.9 million a year earlier, reflecting loan growth, charge-offs, and updated economic forecasts. Meanwhile, noninterest income fell 38.8% to $1.7 million from $2.9 million, mainly due to $1.2 million in losses from securities sales. Ohio Valley Banc sold $11 million in low-yield securities (1.32%) and reinvested the proceeds into higher-yielding assets (4.37%), a move expected to bolster future margins. Noninterest expense rose 2.4% to $11.5 million from $11.2 million year over year, primarily due to higher data processing and marketing costs, partly offset by reduced personnel expenses following a 2024 early retirement program. Ohio Valley Banc Corp. price-consensus-eps-surprise-chart | Ohio Valley Banc Corp. Quote Return on average assets improved to 0.78% from 0.75%, while return on average equity was relatively stable at 7.44% compared with 7.39% a year earlier. The efficiency ratio strengthened to 69.70% from 72.01%, underscoring effective cost control amid rising revenues. Book value per share stood at $34.90, up 8% from $32.30 in the prior year. For the nine-month period, return on average assets and return on average equity improved to 1.03% and 9.95%, respectively, indicating a stronger profitability trend across 2025. Year to date, the efficiency ratio was 65.52%. Credit quality remained sound, with nonperforming loans at 0.42% of total loans compared with 0.44% a year earlier, and the allowance for credit losses rose to 1.01%, a modest increase from 0.95%. The uptick reflects prudent provisioning amid moderate loan growth and conservative risk modeling. Ohio Valley Banc maintained its regular quarterly dividend, declaring $0.23 per share in the third quarter or 2025, up from $0.22 a year earlier. Management emphasized that the strong earnings performance reflected disciplined execution in core banking operations and prudent balance sheet management. OVBC deliberately realized losses in its securities portfolio during the quarter to reposition into higher-yielding assets, a move aimed at improving future interest income and sustaining net interest margin expansion. Leadership credited the improvement in profitability to employee efforts in strengthening customer relationships and driving steady loan and deposit growth, which together contributed to enhancing shareholder value. Earnings were primarily supported by the expansion of earning assets and a healthier interest margin, partially offset by security losses and increased provisioning. The redeployment of low-yield investments into higher-yielding securities and loans contributed to margin growth. Expense control, aided by lower salaries and benefits from workforce optimization, helped temper inflationary pressures in other expense categories such as data processing and marketing. Balance sheet growth remained moderate but steady. Total assets reached $1.57 billion as of Sept. 30, 2025, up from $1.50 billion as of year-end 2024, while total deposits increased to $1.33 billion from $1.28 billion during the same time, led by time deposits. Shareholders’ equity rose to $164.4 million from $150.3 million during the same time, driven by retained earnings and market appreciation of securities following lower interest rates. While Ohio Valley Banc did not provide formal financial guidance, its commentary suggested optimism for continued net interest margin expansion, supported by its repositioned securities portfolio and growing core deposit base. Management’s focus on strengthening commercial lending relationships and enhancing deposit quality indicates a forward-looking approach aimed at sustaining profitability amid evolving market conditions. No acquisitions, divestitures or major restructuring initiatives were reported during the quarter. The company continues to operate The Ohio Valley Bank Company, with 18 branches across Ohio and West Virginia, and Loan Central, Inc., which runs six consumer finance offices in Ohio. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ohio Valley Banc Corp. (OVBC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

GALLIPOLIS, Ohio, Oct. 27, 2025 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended September 30, 2025, of $3,030,000, an increase of $311,000, or 11.4%, from the same period the prior year. Earnings per share for the third quarter of 2025 were $.64 compared to $.58 for the prior year third quarter. For the nine months ended September 30, 2025, net income totaled $11,646,000, an increase of $3,162,000, or 37.3%, from the same period the prior year. Earnings per share were $2.47 for the first nine months of 2025 versus $1.79 for the first nine months of 2024. Return on average assets and return on average equity were 1.03% and 9.95%, respectively, for the first nine months of 2025, compared to .81% and 7.80%, respectively, for the same period in the prior year. Ohio Valley Banc Corp. President and CEO, Larry Miller said, "The strong growth in net income afforded us the opportunity to harvest some losses in our securities portfolio, allowing us to plant the seeds for future interest income and net interest margin improvement. These robust results are a credit to the hard work and relationship building efforts of all our employees as we seek to enhance shareholder value." For the three months ended September 30, 2025, net interest income increased $2,016,000, and for the nine months ended September 30, 2025, net interest income increased $6,538,000 from the same respective periods last year. These increases were related to the increase in both average earning assets and the net interest margin for the respective periods. For the nine months ended September 30, 2025, average earning assets increased $114 million from the same period last year, led by the $75 million growth in average securities and the $65 million growth in average loans. The growth in average securities was related to the Company participating in a program offered by the Ohio Treasurer called Ohio Homebuyer Plus starting in the third quarter of 2024. As a participant in the program, the Company developed the Sweet Home Ohio deposit account to offer participants an above-market interest rate along with a deposit bonus to assist customers in achieving their home savings goals. At September 30, 2025, the balance of Sweet Home Ohio accounts totaled $9.0 million, as compared to $5.3 million at September 30, 2024. For each Sweet Home Ohio account that was opened, the Company received a deposit from the Ohio Treasurer at a subsidized interest rate. At September 30, 2025, the amount deposited by the Treasurer totaled $72.5 million, a decrease from $99.6 million at September 30, 2024. Since the Treasurer deposits are classified as public funds, which are required to be collateralized, the Company invested the funds in securities to be pledged as collateral to the Treasurer. The investment of these funds was the primary contributor to the increase in securities from the first nine months of 2024. The growth in average loans was related to the commercial real estate, commercial and industrial, and residential real estate lending segments. The growth in these segments was partially offset by a decrease in consumer loans, as this segment was deemphasized by the Company starting in 2024 to focus on more profitable portfolio segments. For the same period, the average balance of cash maintained at the Federal Reserve decreased $26 million to assist with funding loan growth and to generate a higher rate of return. Most of the growth in other funding sources occurred in average NOW, money market accounts, and savings accounts which increased $85 million from the first nine months of 2024. A large portion of this growth was related to the Ohio Treasurer's matching funds received for the Ohio Homebuyer Plus program along with the deposits made to the Sweet Home Ohio account. Based on the growth in these lower-cost deposits, the average growth in higher-cost certificates of deposit was limited to $19 million for the first nine months of 2025 versus the same period last year. For the third quarter of 2025, the net interest margin was 4.05%, an increase from 3.76% for the third quarter of 2024. For the nine months ended September 30, 2025, the net interest margin was 4.03%, an increase from 3.71% for the same period last year. The increase in the net interest margin was related to the yield on earning assets increasing, while the cost of funding sources decreased. The yield on earning assets improved in relation to the growth in higher yielding securities and loans, along with the recognition of a market discount on purchased loans totaling $817,000 during the second quarter. The cost of funding sources decreased as the composition of funding sources shifted to lower cost deposit sources, such as, NOW, money market, and savings accounts. Furthermore, the average cost of certificates of deposit decreased as higher costing certificates repriced to lower current market rates. For the three months ended September 30, 2025, the provision for credit loss expense totaled $1,112,000, an increase of $192,000 from the same period last year. The quarterly provision for credit loss expense was primarily associated with the $29 million quarterly increase in loan balances, the quarter-to-date net charge-offs of $369,000, and the increase in a certain qualitative risk factor. For the nine months ended September 30, 2025, the provision for credit losses was $2,676,000, an increase of $824,000 from the same period last year. The year-to-date provision for credit loss expense was primarily associated with net charge-offs of $1,109,000, loan growth of $69 million, an increase in modeled loss rates due to the regression in GDP and unemployment projections, and the qualitative risk factor mentioned above. The ratio of nonperforming loans to total loans was .42% at September 30, 2025, compared to .46% at December 31, 2024, and .44% at September 30, 2024. The allowance for credit losses was 1.01% of total loans at September 30, 2025, compared to .95% at December 31, 2024, and .95% at September 30, 2024. For the three and nine months ended September 30, 2025, noninterest income decreased $1,106,000 and $1,009,000, respectively, from the same periods last year. The decreases were largely due to the loss on the sale of securities, which increased $1,219,000 from the same periods the prior year. During the third quarter of 2025, the Company sold $11.0 million in securities that were yielding 1.32%. The proceeds were reinvested into securities yielding 4.37%, which will increase future interest income and the net interest margin. Partially offsetting the security losses was interchange income earned on debit and credit cards, which increased $91,000 and $151,000 during the three and nine months ended September 30, 2025, compared to the same periods from 2024, respectively. For the three months ended September 30, 2025, noninterest expense totaled $11,489,000, an increase of $269,000 from the same period last year. For the nine months ended September 30, 2025, noninterest expense totaled $33,356,000, an increase of $532,000, or only 1.6%, from the same period last year. The Company's largest noninterest expense, salaries and employee benefits, decreased $229,000 as compared to the third quarter of 2024, and decreased $376,000 as compared to the first nine months of 2024. The decreases were primarily related to the savings realized from the voluntary early retirement program implemented in 2024, which was partially offset by annual merit increases. Higher noninterest expense came primarily from data processing expense, which increased $114,000 during the third quarter of 2025, and $413,000 during the first nine months of 2025, compared to the same periods from 2024. Higher costs in this category were related to debit and credit card processing due to higher transaction volume and conversion costs for the Company's new rewards platform. Further contributing to higher noninterest expense was marketing expense. For the three and nine months ended September 30, 2025, marketing expense increased $52,000 and $164,000, respectively, from the same periods last year. The increase was primarily related to advertising and costs associated with supporting the communities we serve. The Company's total assets at September 30, 2025 were $1.570 billion, an increase of $67 million from December 31, 2024. Since December 31, 2024, loan balances increased $69 million despite a $31 million decrease in a warehouse line of credit extended to another mortgage lender. The paydown occurred in the first quarter of 2025 and was a result of lower mortgage volume due to higher mortgage rates and the increase in the lead bank's internal capacity in relation to a capital infusion. At September 30, 2025, the balance of this line of credit was $0, but draw downs on the line of credit began again post quarter end. The future balance of the line of credit will depend on mortgage volume and the funding needs of the lead bank, but it is expected to increase. The growth in loans occurred mostly in the targeted areas of commercial real estate, commercial and industrial, and residential real estate. The growth in these segments was partially offset by a decrease in consumer loans, as this segment has been deemphasized by the Company due to profitability relative to other loan portfolio segments. The increase in loans was primarily funded by a $57 million increase in total deposits, led by time deposits. At September 30, 2025, shareholders' equity increased $14.1 million from year end 2024. This was primarily from year-to-date net income of $11.6 million and an increase in accumulated other comprehensive income of $5.6 million, partially offset by cash dividends paid of $3.2 million. The increase in accumulated other comprehensive income was related to the $4.7 million, net of tax, market appreciation of securities due to a decrease in market interest rates and the recognition of a $950,000, net of tax, realized loss on the sale of securities that was previously unrealized. Ohio Valley Banc Corp. common stock is traded on the NASDAQ Global Market under the symbol OVBC. The holding company owns The Ohio Valley Bank Company with 18 offices in Ohio and West Virginia, and Loan Central, Inc. with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at www.ovbc.com. Caution Regarding Forward-Looking Information Certain statements contained in this earnings release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "anticipates," "expects," "appears," "intends," "targeted" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying those statements. Forward-looking statements involve risks and uncertainties. Actual results may differ materially from those predicted by the forward-looking statements because of various factors and possible events, including: (i) changes in political, economic or other factors, such as inflation rates, recessionary or expansive trends, taxes, the effects of implementation of federal legislation with respect to taxes, tariffs and government spending and the continuing economic uncertainty in various parts of the world; (ii) competitive pressures; (iii) fluctuations in interest rates; (iv) the level of defaults and prepayment on loans made by the Company; (v) unanticipated litigation, claims, or assessments; (vi) fluctuations in the cost of obtaining funds to make loans; (vii) regulatory changes; and (viii) other factors that may be described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made to reflect unanticipated events. Contact: Scott Shockey, CFO (740) 446-2631 View original content:https://www.prnewswire.com/news-releases/ohio-valley-banc-corp-reports-3rd-quarter-earnings-302595790.html