OVLY

Shares of Oak Valley Bancorp OVLY have declined 0.5% since the company reported its results for the quarter ended June 30, 2026, outperforming the S&P 500 index, which fell 1.8% over the same period. Over the past month, the stock has declined 1.1%, matching the S&P 500’s 1.1% decrease. For the second quarter of 2026, Oak Valley Bancorp reported net income of 61 cents per share, down 9% from 67 cents per share recorded in the year-ago quarter. The decline was primarily driven by higher operating expenses and lower non-interest income, partly offset by stronger net interest income and a lower provision for credit losses. Net interest income increased 4.4% year over year to $18.9 million from $18.2 million. The company reported net income of $5.1 million compared with $5.6 million in the year-ago quarter, reflecting a decline of 8.5%. Oak Valley Bancorp price-consensus-eps-surprise-chart | Oak Valley Bancorp Quote Net interest income rose as loan growth and higher loan yields supported earnings. Net interest margin improved modestly to 4.15% from 4.11%, while average earning assets increased 4% year over year. Non-interest income edged down marginally to $1.7 million, reflecting fair value changes in a limited partnership investment. Non-interest expense climbed 13.8% to $14.2 million from $12.4 million, mainly because of higher staffing costs and general operating expenses associated with supporting the company's growth and expanded branch network. The provision for credit losses declined sharply to $0.02 million from $0.3 million in the prior-year quarter. Total assets stood at $2 billion at June 30, 2026, up 4.2% from a year earlier. Gross loans increased 5% year over year to $1.2 billion, while deposits rose 3.1% to $1.8 billion. Liquidity remained solid, with cash and cash equivalents totaling $194.8 million at quarter-end. Book value per common share increased to $25.80 from $22.17 a year earlier. The company also expanded its physical footprint, operating 19 banking offices compared with 18 a year earlier, while full-time equivalent staff increased to 246 from 231. Credit quality showed mixed trends during the quarter. Non-performing assets declined to $2.6 million from $4.6 million at March 31, 2026, representing 0.13% of total assets versus 0.23% in the previous quarter. The improvement followed a $1.7 million charge-off on a collateral-dependent loan that had previously been placed on non-accrual status. The remaining balance of that loan was transferred to other real estate owned (OREO). As a result of the charge-off, the allowance for credit losses fell to 0.96% of gross loans from 1.13% in the prior quarter and 1.03% a year earlier. President and Chief Executive Officer Rick McCarty said that the company continued to expand its customer base during the quarter. He attributed the results to loan growth, disciplined balance sheet management and a stable net interest margin, adding that management remains focused on a long-term, relationship-driven strategy to support customers, communities and shareholders. The board of directors declared a cash dividend of 37.5 cents per common share, payable on Aug. 14, 2026, to shareholders of record as of Aug. 3, 2026. The dividend will total approximately $3.2 million and represents the company's second dividend payment of 2026. 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 Oak Valley Bancorp (CA) (OVLY): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

OAKDALE, Calif., July 22, 2026 (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 June 30, 2026, consolidated net income was $5,114,000, or $0.61 per diluted share (EPS), as compared to $5,309,000, or $0.64 EPS, for the prior quarter and $5,588,000, or $0.67 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2026 was $10,423,000, or $1.25 EPS, compared to $10,885,000 or $1.31 EPS for the same period of 2025. The decrease in second quarter net income compared to the prior periods was primarily the result of an increase in non-interest expense and lower non-interest income, partially offset by an increase in net interest income and a lower provision for credit losses. The year-to-date decrease compared to 2025 was driven by higher non-interest expense, partially offset by increases in net interest income and non-interest income. Net interest income for the three-months ended June 30, 2026 was $18,944,000, compared to $18,824,000 in the prior quarter, and $18,154,000 in the same period a year ago. The increase in net interest income over the prior periods is attributed to loan growth, and an increase in the loan yield. Average earning assets grew at a pace of 4.0% for the second quarter of 2026, as compared to the same period of the prior year. The ending balance of gross loans grew by $18,264,000 during the second quarter and $55,859,000 over the prior twelve months. Net interest margin for the three months ended June 30, 2026 was 4.15%, compared to 4.12% for the prior quarter and 4.11% for the same period last year, related to the growth and yield trends stated above. Non-interest income was $1,665,000 for the three-months ended June 30, 2026, compared to $1,952,000 for the prior quarter and $1,703,000 for the same period last year. The decrease over the prior periods was mainly the result of a special dividend of $181,000 received from the Federal Home Loan Bank recorded during the prior quarter and due to fair value changes in a limited partnership investment. Non-interest expense totaled $14,157,000 for the three-months ended June 30, 2026, compared to $13,506,000 in the prior quarter and $12,443,000 in the same quarter a year ago. The increases compared to prior periods were primarily due to staffing expenses and general operating costs related to supporting the Company's growth and expanded branch network. Total assets were $2.00 billion at June 30, 2026, a decrease of $8,721,000 from March 31, 2026 and an increase of $80,669,000 over June 30, 2025. Gross loans were $1.17 billion at June 30, 2026, an increase of $18,264,000 over March 31, 2026 and $55,859,000 over June 30, 2025. The Company's total deposits were $1.76 billion as of June 30, 2026, a decrease of $17,445,000 from March 31, 2026 and an increase of $52,310,000 over June 30, 2025. Our liquidity remains strong, as evidenced by $194,803,000 in cash and cash equivalent balances as of June 30, 2026. "We are pleased with the continued expansion of our customer base. Our second quarter results reflect loan growth, disciplined balance sheet management, and the benefit of a steady net interest margin," stated Rick McCarty, President and Chief Executive Officer. "Our team continues to manage the business with a long-term, relationship-focused approach that supports our clients, communities, and shareholders." Non-performing assets (NPA) totaled $2,631,000 as of June 30, 2026, compared to $4,574,000 at March 31, 2026 and no NPA at June 30, 2025. The decrease compared to March 31, 2026 is due to a collateral-dependent loan that was placed on non-accrual status in December 2025, at which time the loan was individually evaluated for impairment and a specific reserve was established. During the second quarter of 2026, a charge-off of $1,735,000 was recorded on the same loan and the remaining $2,581,000 was transferred to OREO. The Company recorded a provision for credit losses of $21,000 during the second quarter as prescribed by the pooled loan calculation which considers macro-economic conditions and other credit-related factors within our current expected credit loss ("CECL") risk model. Non-performing assets were 0.13% of total assets at June 30, 2026, compared to 0.23% at March 31, 2026. The allowance for credit losses as a percentage of gross loans decreased to 0.96% at June 30, 2026, compared to 1.13% at March 31, 2026 and 1.03% at June 30, 2025, as a result of the $1,735,000 loan charge-off during the second quarter of 2026. The Board of Directors of Oak Valley Bancorp at their July 21, 2026, meeting declared the payment of a cash dividend of $0.375 per share of common stock to its shareholders of record at the close of business on August 3, 2026. The payment date will be August 14, 2026 and will amount to approximately $3,155,000. This is the second dividend payment made by the Company in 2026. Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 19 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Lodi, two branches in Sonora, three branches in Modesto, and three branches in the Eastern Sierra division which includes Bridgeport, Mammoth Lakes, and Bishop. For more information, call 1-866-844-7500 or visit www.ovcb.com. This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

Shares of Oak Valley Bancorp OVLY have declined 2.5% since the company reported its earnings for the quarter ended March 31, 2026, underperforming the S&P 500 index’s 1.5% growth over the same period. Over the past month, the stock has gained 5.2%, also lagging the broader market’s 13.5% increase. Oak Valley Bancorp reported first-quarter 2026 net income of 64 cents per share, which remained flat year over year. Net interest income rose to $18.8 million from $17.8 million a year earlier, reflecting a 5.7% increase driven by growth in earning assets. Non-interest income also improved to $2 million from $1.6 million last year, aided by a special dividend. Offsetting these gains, non-interest expenses climbed to $13.5 million from $12.6 million, an increase of about 7%, pressuring overall profitability. Oak Valley Bancorp reported net income of $5.31 million, essentially flat compared with $5.30 million. Oak Valley Bancorp price-consensus-eps-surprise-chart | Oak Valley Bancorp Quote The company continued to expand its balance sheet on a year-over-year basis, though some metrics softened sequentially. Total assets stood at $2 billion at March 31, 2026, up $85.9 million from a year earlier. Gross loans increased to $1.2 billion, reflecting a $56.5 million rise from March 31, 2025, while deposits grew by $67.4 million to $1.8 billion over the same period. Profitability ratios showed modest compression. Return on average assets was 1.07%, down from 1.13% a year ago, while return on average common equity declined to 10.23% from 11.58%. Net interest margin improved slightly year over year to 4.12% from 4.09%. The efficiency ratio rose to 62.99% from 63.00% a year earlier. Credit quality metrics weakened compared to a year ago but remained stable sequentially. Non-performing assets totaled $4.6 million, or 0.23% of total assets, compared to zero a year earlier, primarily due to a single collateral-dependent loan placed on non-accrual status in late 2025. The allowance for credit losses increased to 1.13% of gross loans from 1.05% a year earlier, reflecting a more conservative stance amid evolving macroeconomic conditions. The company recorded a provision for credit losses of $0.5 million in the quarter compared to no provision in the year-ago period, driven by adjustments in its CECL model and credit risk factors. Management indicated that reserves remain at acceptable levels and that overall credit quality is stable despite the uptick in non-performing assets. Management attributed the quarter-over-quarter decline in net income primarily to higher operating expenses and lower net interest income. Increased staffing costs and expenses tied to servicing a growing loan and deposit base contributed to the rise in non-interest expenses. On the revenue side, the year-over-year improvement in net interest income was driven by growth in earning assets and loan yields, though partially offset by lower yields on cash balances and slightly higher deposit costs. CEO Chris Courtney emphasized the company’s “strong” balance sheet and “stable performance across core business lines,” highlighting a continued focus on disciplined growth and conservative risk management. Liquidity remained solid, supported by $201.6 million in cash and cash equivalents at quarter-end. 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 Oak Valley Bancorp (CA) (OVLY): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

OAKDALE, Calif., April 22, 2026 (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 2026. For the three months ended March 31, 2026, consolidated net income was $5,309,000, or $0.64 per diluted share (EPS). This compares to consolidated net income of $6,335,000, or $0.77 EPS, for the prior quarter and $5,297,000, or $0.64 EPS, for the same period a year ago. The net income decrease compared to the prior period was primarily due to an increase in operating expenses and a decrease in net interest income. The net income increase compared to the prior year was due to an increase in net interest income driven by earning asset growth. Net interest income for the three months ended March 31, 2026 was $18,824,000, compared to $19,457,000 in the prior quarter, and $17,807,000 in the same period a year ago. The decrease from the prior quarter is due to lower yields on cash balances, lower average earning assets, a slight increase in the interest rate paid on deposit accounts and two less days of interest accruals, while the year-over-year increase is due to growth in earning assets and loan yields. As a result, net interest margin for the three months ended March 31, 2026 was 4.12%, compared to 4.14% for the prior quarter and 4.09% for the same period last year. Non-interest income was $1,952,000 for the quarter ended March 31, 2026, compared to $1,825,000 for the prior quarter and $1,613,000 for the same period last year. The increase compared to prior periods was mainly due to a special dividend of $181,000 received from the Federal Home Loan Bank. Non-interest expense totaled $13,506,000 for the quarter ended March 31, 2026, compared to $12,262,000 in the previous quarter and $12,624,000 in the same quarter a year ago. The increase in non-interest expense corresponds primarily to staffing expenses and general operating costs related to servicing the growing loan and deposit portfolios. Total assets were $2.01 billion at March 31, 2026, a decrease of $12.8 million and an increase of $85.9 million from December 31, 2025 and March 31, 2025, respectively. Gross loans were $1.15 billion at March 31, 2026, an increase of $3.5 million and $56.5 million over December 31, 2025 and March 31, 2025, respectively. The Company’s total deposits were $1.78 billion at March 31, 2026, a decrease of $12.0 million and an increase of $67.4 million from December 31, 2025 and March 31, 2025, respectively. Our liquidity position remains strong, as evidenced by $201.6 million in cash and cash equivalents balances at March 31, 2026. “Our balance sheet remains strong and we continue to see stable performance across our core business lines,” stated Chris Courtney, CEO. “We remain committed to disciplined growth while maintaining a conservative approach to risk management.” Non-performing assets (“NPA”) were $4.6 million, or 0.23% of total assets as of March 31, 2026 and December 31, 2025, compared to zero at March 31, 2025. The increase compared to the same period a year ago is due to one collateral-dependent loan that was placed on non-accrual status in December 2025. The company individually evaluated this loan and recognized a specific allowance for credit loss (“ACL”) reserve as part of its current expected credit loss (“CECL”) calculation. Management continues to monitor macro-economic conditions and other credit-related factors utilized for pooled loans within the CECL risk model. As a result of the model output, a provision for credit losses of $464,000 was recorded during the first quarter, as compared to $865,000 in the prior quarter, and zero in the same period of the prior year. The ACL as a percentage of gross loans increased to 1.13% at March 31, 2026, compared to 1.08% at December 31, 2025 and 1.05% at March 31, 2025. Management concluded that the ACL reserve relative to gross loans remains at acceptable levels, and credit quality remains stable. Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 19 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Lodi, two branches in Sonora, three branches in Modesto, and three branches in the Eastern Sierra division which includes Bridgeport, Mammoth Lakes, and Bishop. For more information, call 1-866-844-7500 or visit www.ovcb.com. This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

Shares of Oak Valley Bancorp OVLY have declined 2.7% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 index’s 0.9% growth over the same time frame. Over the past month, the stock has gained 5.5% compared with the S&P 500’s 1.4% increase. For the fourth quarter of 2025, Oak Valley Bancorp reported net income of 76 cents per share, which marks an increase from 73 cents per share in the same quarter last year, a 4.1% year-over-year improvement. Total net interest income for the quarter reached $19.5 million, up 9% year over year. Consolidated net income of $6.3 million reflected an increase from $6 million in the same quarter last year. Full-year 2025 net income was $23.9 million, or $2.88 per share, reflecting a decline from $25 million, or $3.02 per share, in 2024. Annual net interest income rose 6.5% to $74.6 million, supported by growth in average earning assets and stable interest expense. Oak Valley Bancorp price-consensus-eps-surprise-chart | Oak Valley Bancorp Quote Oak Valley’s net interest margin (NIM) for the fourth quarter was 4.14%, up from 4.00% in the year-ago quarter. Both quarterly and annual NIM figures represent an improvement over 2024 due to higher loan yields and a reduction in funding costs. Non-interest income rose to $1.8 million in the quarter, a 27.6% increase from $1.4 million a year earlier. The quarterly year-over-year growth was fueled by higher investment advisory fees, service charges, and unrealized gains on equity securities. The annual figure also benefited from life insurance policy redemptions earlier in 2025. On the expense side, non-interest expense grew 6.2% year over year to $12.3 million. Annual non-interest expense climbed 9.3% to $50.3 million, driven by higher staffing costs, board fees, and general operational expenses tied to servicing expanding loan and deposit portfolios. CEO Chris Courtney characterized the quarter as one of continued operational strength. He highlighted the company’s milestone of surpassing $2 billion in total assets, attributing the achievement to consistent growth, sound financial performance and strong client relationships. The bank’s efficiency ratio improved to 55.9% in the fourth quarter from 58.1% a year ago, reflecting better operational leverage. For the full year, the efficiency ratio ticked up slightly to 59.7% from 58.2%, a change linked to increased operating costs. Return on average assets for the fourth quarter was 1.3%, matching the figure from the same period in 2024. Full-year return on assets slipped to 1.2% from 1.4%, and return on average equity declined to 12.6% from 14.4% in the prior year. The fourth-quarter dip in earnings relative to the prior quarter was primarily due to a provision for credit losses totaling $0.9 million. This was linked to a collateral-dependent commercial real estate loan that was placed on non-accrual status in December. The move also led to a rise in non-performing assets (NPA) to $4.6 million, or 0.2% of total assets compared to zero NPA in the previous quarter and year-ago period. Despite the one-off charge, overall credit quality remains stable. The allowance for credit losses (ACL) as a percentage of gross loans rose to 1.1%, from 1% in the fourth quarter of 2024. Management emphasized that the ACL remains at acceptable levels after a thorough review of the commercial real estate portfolio. The company’s board of directors declared a cash dividend of 37.5 cents per share, payable on Feb. 13, 2026, to shareholders of record as of Feb. 2, 2026. This marks the first dividend payment of 2026 and totals approximately $3.2 million. The annual dividend for 2025 amounted to 60 cents per share, up from 45 cents per share in 2024, signaling management’s ongoing commitment to returning value to shareholders. Oak Valley continues to operate its 19 banking offices across Central California and the Eastern Sierra region, having expanded its branch network by one location over the past year. 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 Oak Valley Bancorp (CA) (OVLY): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

OAKDALE, Calif., Jan. 23, 2026 (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 December 31, 2025, consolidated net income was $6,335,000 or $0.76 per diluted share (EPS), as compared to $6,693,000, or $0.81 EPS, for the prior quarter and 6,008,000, or $0.73 EPS for the same period a year ago. Consolidated net income for the year ended December 31, 2025, totaled $23,913,000, or $2.88 EPS, representing a decrease of 4.1% compared to 24,948,000, or $3.02 EPS for 2024. The decrease in QTD earnings compared to the prior quarter is due to a provision for credit losses of $865,000 recorded during the quarter, related to a collateral-dependent loan that was placed on non-accrual status as of year-end. The QTD increase over the same period a year ago is due to earning asset growth of $95.3 million and the corresponding net interest income expansion. “We are pleased to report another strong operational performance. Our sustained growth and solid financial results have enabled us to reach the milestone of $2 billion in total assets and reflect the dedication of our team and our steadfast focus on building lasting relationships with our clients,” said Chris Courtney, Chief Executive Officer. Net interest income was $19,457,000 and $74,615,000 for the fourth quarter and year ended December 31, 2025, respectively, compared to $19,197,000 during the prior quarter, $17,846,000 for the fourth quarter of 2024, and $70,034,000 for the year ended December 31, 2024. The QTD increase compared to prior quarter is due to growth of $38.3 million in average earning assets. The QTD and YTD increases over 2024 are due to growth in average earning assets of $95.3 million and $85.9 million, respectively. Interest expense has stabilized as evidenced by the average cost of funds of 0.76% in 2025, compared to 0.78% in 2024. Net interest margin was 4.14%(1) and 4.13%(3) for the fourth quarter and year ended December 31, 2025, respectively, as compared to 4.16%(1) for the prior quarter, 4.00%(1) for the fourth quarter of 2024, and 4.07%(3) for the year ended December 31, 2024. The fourth quarter interest margin decrease compared to the prior quarter is due to the three federal fund rate cuts totaling 75 basis points that began in September 2025. The QTD and YTD interest margin increases over the same periods in 2024 are the result of an increase in loan yield and a decrease in average cost of funds. Non-interest income for the fourth quarter and year ended December 31, 2025, totaled $1,825,000 and $7,114,000, respectively, compared to $1,973,000 during the prior quarter, $1,430,000 for the fourth quarter of 2024, and $6,555,000 for the year ended December 31, 2024. The decrease from the prior quarter was due to death benefits received from the redemption of bank owned life insurance policies during the third quarter of 2025. The QTD and YTD increases from prior periods in 2024 were primarily due to unrealized market value changes on equity securities, investment advisory fee income, service charges on deposit accounts, and the YTD increase includes the previously mentioned life insurance benefits. Non-interest expense for the fourth quarter and year ended December 31, 2025, totaled $12,262,000 and $50,274,000, respectively, compared to $12,700,000 during the prior quarter, $11,548,000 for the fourth quarter of 2024 and $46,017,000 for the year ended December 31, 2024. The decrease compared to the prior quarter is the result of year-end accrual adjustments. The QTD and YTD increases compared to the same periods in 2024 correspond to staffing expense, board of director fees, data processing, and general operating costs related to servicing the loan and deposit portfolios. Total assets were $2.02 billion at December 31, 2025, an increase of $27.7 million over September 30, 2025, and $122.5 million over December 31, 2024. Gross loans were $1.14 billion as of December 31, 2025, an increase of $31.1 million from September 30, 2025, and $37.4 million from December 31, 2024. The Company’s total deposits were $1.79 billion as of December 31, 2025, an increase of $18.1 million from September 30, 2025, and $97.3 million from December 31, 2024. Our liquidity position remains strong as evidenced by $232.2 million in cash and cash equivalents balances at December 31, 2025. Non-performing assets (“NPA”) as of December 31, 2025, were $4.6 million, or 0.23% of total assets, compared to zero NPA as of September 30, 2025 and December 31, 2024. The increase in NPA compared to the prior periods is due to one collateral-dependent loan that was placed on non-accrual status in December 2025, when management became aware that full collection of the loan balance was not likely. This loan was individually analyzed based on the appraised value of the commercial real estate collateral and a specific reserve was included in the allowance for credit losses (“ACL”) calculation. The company recorded a provision for credit losses of $865,000 during the fourth quarter recognizing the reserve for the collateral-dependent loan, combined with the pooled loan calculation which considers macro-economic conditions and other credit-related factors within our current expected credit loss (“CECL”) risk model. As a result, the ACL as a percentage of gross loans increased to 1.08% at December 31, 2025, compared to 1.03% at September 30, 2025 and 1.04% at December 31, 2024. Given industry concerns of credit risk specific to commercial real estate, management has performed a thorough analysis of this segment within the ACL computation, concluding that the credit loss reserves relative to gross loans remain at acceptable levels, and credit quality remains stable. The Board of Directors of Oak Valley Bancorp at their January 20, 2026 meeting, declared the payment of a cash dividend of $0.375 per share of common stock to its shareholders of record at the close of business on February 2, 2026. The payment date will be February 13, 2026 and will amount to approximately $3,145,600. This is the first dividend payment made by the Company in 2026. Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 19 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Lodi, two branches in Sonora, three branches in Modesto, and three branches in the Eastern Sierra division which includes Bridgeport, Mammoth Lakes, and Bishop. For more information, call 1-866-844-7500 or visit www.ovcb.com. This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors, and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

Shares of Oak Valley Bancorp OVLY have gained 5.7% since the company reported its earnings for the quarter ended Sept. 30, 2025. This compares to the S&P 500 index’s 1% growth over the same time frame. Over the past month, the stock has declined 2.8% compared with the S&P 500’s 2.2% growth. For the third quarter of 2025, Oak Valley reported net income of 81 cents per share, down from 89 cents per share in the same period of 2024. The bottom line dropped approximately 9% year over year, primarily due to higher operating expenses and the absence of a $1.6 million credit loss reversal that boosted third-quarter 2024 earnings. Net interest income rose to $19.2 million from $17.7 million a year earlier. The 8.7% year-over-year increase in net interest income was driven by asset growth and improved loan yields. Net income of $6.7 million reflected a year-over-year decline from $7.3 million in the same period of 2024. Oak Valley Bancorp price-consensus-eps-surprise-chart | Oak Valley Bancorp Quote Oak Valley's non-interest income climbed to $2 million in the third quarter compared to $1.9 million in the prior-year period. This uptick was attributed to a one-time life insurance policy redemption gain, alongside higher investment advisory fees and increased service charges on deposit accounts. Non-interest expenses of $12.7 million rose 12.2% from $11.3 million in the year-ago quarter. The increase was linked to higher staffing and operating costs incurred to support growth in the loan and deposit books. Return on average assets for the quarter was 1.4%, down from 1.6% a year earlier, while return on average common equity fell to 14.3% from 16.5%. The bank’s net interest margin (NIM) improved slightly to 4.16% in the quarter, up from 4.04% a year ago. The efficiency ratio improved to 58.3% from 56.4% posted in the prior-year quarter. CEO Chris Courtney emphasized the bank’s commitment to growth and operational execution. He highlighted the recent opening of a full-service branch in Lodi, the company’s 19th location, as a reflection of its strategic expansion efforts. He also noted that the bank continues to maintain excellent asset quality and strong customer relationships. Courtney's commentary underscored Oak Valley’s focus on measured expansion and customer-centric operations, even amid rising operational expenses. The hiring of six new full-time employees in the third quarter reflects this growth strategy, aimed at sustaining momentum in both loan and deposit portfolio growth. The year-over-year decline in net income was primarily influenced by a one-off credit event in 2024. In the third quarter of that year, the bank recorded a $1.6 million reversal in provision for credit losses due to loan recoveries. The absence of a similar boost in 2025 led to a natural decline in comparative earnings. In the most recent quarter, the company recorded only a $0.06 million reversal related to reduced unfunded loan commitments. Additionally, rising non-interest expenses due to workforce expansion and infrastructure investments contributed to margin pressures. However, these were partially offset by higher net interest income and improved NIM, reflecting management’s efforts to optimize asset yields amid fluctuating interest rate conditions. A key development in the quarter was the launch of Oak Valley's new branch in Lodi on Oct. 2, 2025. This expansion was supported by a modest increase in headcount during the third quarter, positioning the company to enhance its service capabilities and footprint across California’s Central Valley. 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 Oak Valley Bancorp (CA) (OVLY): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

OAKDALE, Calif., Oct. 22, 2025 (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, 2025, consolidated net income was $6,693,000, or $0.81 per diluted share (EPS), as compared to $5,588,000, or $0.67 EPS, for the prior quarter and $7,324,000, or $0.89 EPS, for the same period a year ago. Consolidated net income for the nine months ended September 30, 2025 was $17,578,000, or $2.12 EPS, compared to $18,940,000 or $2.30 EPS for the same period of 2024. The increase in third quarter net income compared to the prior quarter was due to earning asset growth, an increase in the yield of the loan portfolio, and the corresponding increase to net interest income. The QTD and YTD decreases compared to the same periods of 2024 are primarily due to a reversal of allowance for credit losses of $1,620,000 recorded in the third quarter of 2024 that was related to loan recoveries, and an increase in general operating expenses. Net interest income for the three months ended September 30, 2025 was $19,197,000, compared to $18,154,000 in the prior quarter, and $17,655,000 in the same period a year ago. The increase in net interest income over the prior periods is attributed to average earning asset growth, rising loan yields, and a slight decrease in average cost of funds. Net interest margin for the three months ended September 30, 2025 was 4.16% (1), compared to 4.11% (1) for the prior quarter and 4.04% (1) for the same period last year. Non-interest income was $1,973,000 for the quarter ended September 30, 2025, compared to $1,703,000 for the prior quarter and $1,846,000 for the same period last year. The increases compared to prior periods was mainly due to a one-time gain from a life insurance policy redemption, combined with increased production from our investment advisory service and related fee income, and increased service charge income on deposit accounts. Non-interest expense totaled $12,700,000 for the quarter ended September 30, 2025, compared to $12,688,000 in the prior quarter and $11,324,000 in the same quarter a year ago. Compared to the prior quarter, non-interest expense was essentially flat. The third quarter increase compared to the same period a year ago is primarily due to staffing expense and general operating costs related to servicing the growing loan and deposit portfolios. Our full-time equivalent employees grew by six during the third quarter in preparation of our 19th full-service branch which opened in Lodi on October 2, 2025. “Our team continues to execute on our growth strategy while maintaining excellent asset quality and customer relationships,” commented Chris Courtney, Chief Executive Officer. “The opening of our new Lodi branch demonstrates our focus on expanding our presence across the Central Valley.” Total assets were $2.00 billion at September 30, 2025, an increase of $74.5 million and $95.0 million over June 30, 2025 and September 30, 2024, respectively. Gross loans were $1.11 billion at September 30, 2025, an increase of $3.0 million and $37.7 million over June 30, 2025 and September 30, 2024, respectively. The Company’s total deposits were $1.77 billion as of September 30, 2025, an increase of $63.6 million and $84.6 million from June 30, 2025 and September 30, 2024, respectively. Our liquidity position is very strong as evidenced by $247.2 million in cash and cash equivalents balances at September 30, 2025. Non-performing assets (“NPA”) remained at zero as of September 30, 2025, as they were for all of 2025 and 2024. The allowance for credit losses (“ACL”) as a percentage of gross loans was 1.03% at September 30, 2025, compared to 1.03% at June 30, 2025 and 1.07% at September 30, 2024. The decrease in the ACL as a percentage of gross loans from last year is partially due to the growth in the loan portfolio. Management has performed a thorough analysis of credit risk as part of the Current Expected Credit Loss (CECL) model’s ACL computation, concluding that the credit loss reserves relative to gross loans remain at acceptable levels, and credit quality remains stable. The Company recorded a reversal of provision for credit losses of $60,000 during the third quarter which was related to a decrease in unfunded loan commitments. Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 19 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Lodi two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. For more information, call 1-866-844-7500 or visit www.ovcb.com. This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.