Ohio Valley Banc Corp. (OVBC) 10-Year Financial Performance & Capital Metrics

OVBC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutOhio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banking and Consumer Finance. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit. The company also provides various residential real estate loans, including one-to four-family residential mortgages; commercial loans for securing equipment, inventory, stock, commercial real estate, and rental property; and consumer loans secured by automobiles, mobile homes, recreational vehicles, and other personal property, as well as personal loans, unsecured credit card receivables, floor plan and student loans, and construction loans. In addition, it offers safe deposit boxes, wire transfers, credit card services, and Internet banking services; and financial management online services, such as cash management and news updates related to repossession auctions, current rates, and general bank news. Further, the company provides automatic teller machine (ATM) services, consumer finance, seasonal tax preparation services, and commercial property and various liability insurance services, as well as trust and online-only consumer direct mortgage services. It operates sixteen offices in Ohio and West Virginia; and six consumer finance offices in Ohio. The company owns and operates thirty- six ATMs, including twenty off-site ATMs. Ohio Valley Banc Corp. was founded in 1872 and is headquartered in Gallipolis, Ohio.Show more

Net Interest Income $48M +5.9%
Total Revenue $89M +19.4%
Net Income $11M -12.9%
Return on Equity 7.47% -17.4%
Net Interest Margin 3.22% -4.7%
Efficiency Ratio 51.87% -6.6%
ROA 0.77% -21.8%
Equity / Assets 10% -6.1%
Book Value per Share 31.73 +5.2%
Tangible BV/Share 30.19 +5.5%
Debt/Equity 0.33 -13.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 51.9% efficiency ratio
✓Healthy dividend yield of 2.2%
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.97%

5Y8.84%

3Y17.68%

TTM-

Profit (Net Income) CAGR

10Y3.14%

5Y2.11%

3Y-2.13%

TTM-4.92%

EPS CAGR

10Y1.69%

5Y2.3%

3Y-1.66%

TTM21.46%

ROCE

10Y Avg7.63%

5Y Avg7.35%

3Y Avg7.3%

Latest5.9%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	33.2M	36.02M	41.34M	43.29M	42.66M	39.74M	40.78M	44.46M	45.7M	48.42M
NII Growth %	0%	0.08%	0.15%	0.05%	-0.01%	-0.07%	0.03%	0.09%	0.03%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	36.33M	39.35M	45.71M	49.2M	50.32M	45.93M	44.48M	47.3M	61.54M	75.38M
Interest Expense	2.84M	3.02M	3.98M	5.47M	7.26M	6.19M	3.7M	2.84M	15.84M	26.96M
Loan Loss Provision	1.09M	2.83M	2.56M	1.04M	1M	2.98M	-419K	-32K	2.09M	2.47M
Non-Interest Income+	8.6M	8.24M	9.44M	8.94M	7.91M	9.68M	10.1M	10.48M	12.95M	13.55M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	44.93M	47.59M	55.14M	58.13M	58.23M	55.61M	54.58M	57.78M	74.49M	88.93M
Revenue Growth %	-0.01%	0.06%	0.16%	0.05%	0%	-0.04%	-0.02%	0.06%	0.29%	0.19%
Non-Interest Expense	29.62M	32.9M	36.61M	37.43M	38.24M	34.13M	37.28M	39.04M	41.37M	46.13M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	11.38M	8.84M	11.99M	14.2M	11.72M	12.31M	14.02M	15.93M	15.2M	13.38M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.02%	-0.22%	0.36%	0.18%	-0.17%	0.05%	0.14%	0.14%	-0.05%	-0.12%
Pretax Income+	11.38M	8.84M	11.99M	14.2M	11.72M	12.31M	14.02M	15.93M	15.2M	13.38M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.81M	1.92M	4.49M	2.25M	1.81M	2.05M	2.28M	2.59M	2.57M	2.38M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	8.57M	6.92M	7.51M	11.94M	9.91M	10.26M	11.73M	13.34M	12.63M	11M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.06%	-0.19%	0.09%	0.59%	-0.17%	0.04%	0.14%	0.14%	-0.05%	-0.13%
Net Income (Continuing)	8.57M	6.92M	7.51M	11.94M	9.91M	10.26M	11.73M	13.34M	12.63M	11M
EPS (Diluted)+	2.08	1.59	1.60	2.53	2.08	2.14	2.45	2.80	2.65	2.33
EPS Growth %	0.06%	-0.24%	0.01%	0.58%	-0.18%	0.03%	0.14%	0.14%	-0.05%	-0.12%
EPS (Basic)	2.08	1.59	1.60	2.53	2.08	2.14	2.45	2.80	2.65	2.33
Diluted Shares Outstanding	4.12M	4.35M	4.69M	4.73M	4.77M	4.79M	4.78M	4.77M	4.78M	4.74M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	47.24M	41.84M	76.39M	73.25M	54.72M	140.8M	154.36M	47.85M	128.13M	83.11M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	690.66M	842.36M	880.53M	888.3M	884.51M	964.48M	1.01B	1.07B	1.13B	1.33B
Investments Growth %	-0.01%	0.22%	0.05%	0.01%	-0%	0.09%	0.05%	0.06%	0.06%	0.17%
Long-Term Investments	599.01M	745.87M	779.4M	786.14M	779.19M	852.16M	835.44M	889.6M	971.69M	1.13B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	1.27M	7.8M	7.37M	7.37M	7.32M	7.32M	7.32M	7.32M	7.32M	7.32M
Intangible Assets	0	670K	514K	379K	174K	112K	64K	29K	8K	0
PP&E (Net)	10.4M	12.78M	13.28M	14.86M	20.27M	22.19M	21.93M	21.73M	22.66M	22.25M
Other Assets	44.89M	46.88M	45.7M	43.7M	43.72M	48.7M	48.53M	50.81M	50.16M	51.3M
Total Current Assets	140.72M	140.64M	180.02M	178.05M	162.6M	256.44M	334.06M	235.04M	293.99M	286.52M
Total Non-Current Assets	655.57M	814M	846.27M	852.45M	850.67M	930.49M	915.71M	975.75M	1.06B	1.22B
Total Assets+	796.28M	954.64M	1.03B	1.03B	1.01B	1.19B	1.25B	1.21B	1.35B	1.5B
Asset Growth %	0.02%	0.2%	0.08%	0%	-0.02%	0.17%	0.05%	-0.03%	0.12%	0.11%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	32.45M	45.59M	44.45M	48.21M	43.54M	37.24M	29.31M	27.74M	54.3M	49.26M
Net Debt	-14.8M	3.75M	-31.94M	-25.03M	-11.17M	-103.56M	-125.05M	-20.11M	-73.83M	-33.84M
Long-Term Debt	32.45M	45.59M	44.45M	48.21M	42.49M	36.36M	28.11M	26.45M	53.09M	48.24M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	0	0	0	0	19.2M	20.36M	26.69M	28.64M
Total Current Liabilities	673.37M	804.53M	872.48M	864.41M	841.55M	1.01B	1.06B	1.03B	1.13B	1.28B
Total Non-Current Liabilities	32.45M	45.59M	44.45M	48.21M	43.54M	37.24M	48.51M	48.1M	80.99M	77.91M
Total Liabilities	705.82M	850.11M	916.93M	912.62M	885.09M	1.05B	1.11B	1.08B	1.21B	1.35B
Total Equity+	90.47M	104.53M	109.36M	117.87M	128.18M	136.32M	141.36M	135.03M	144.01M	150.33M
Equity Growth %	0.05%	0.16%	0.05%	0.08%	0.09%	0.06%	0.04%	-0.04%	0.07%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.07%	0.07%	0.11%	0.08%	0.08%	0.08%	0.1%	0.09%	0.07%
Book Value per Share	21.97	24.02	23.34	24.94	26.89	28.48	29.57	28.31	30.16	31.73
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	4.78M	5.33M	5.36M	5.4M	5.45M	5.45M	5.45M	5.46M	5.47M	5.49M
Additional Paid-in Capital	35.32M	46.79M	47.9M	49.48M	51.16M	51.16M	51.16M	51.72M	51.84M	52.32M
Retained Earnings	65.78M	69.12M	72.69M	80.84M	86.75M	92.99M	100.7M	109.32M	114.87M	121.69M
Accumulated OCI	305K	-991K	-878K	-2.13M	528K	2.44M	708K	-14.81M	-11.43M	-10.48M
Treasury Stock	-15.71M	-15.71M	-15.71M	-15.71M	-15.71M	-15.71M	-16.67M	-16.67M	-16.75M	-18.69M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	10.4M	13.37M	14.5M	18.14M	14.75M	12.49M	13.14M	15.99M	20.75M	13.1M
Operating CF Growth %	-0.11%	0.29%	0.08%	0.25%	-0.19%	-0.15%	0.05%	0.22%	0.3%	-0.37%
Net Income	8.57M	6.92M	7.51M	11.94M	9.91M	10.26M	11.73M	13.34M	12.63M	11M
Depreciation & Amortization	965K	1.27M	1.5M	1.33M	1.46M	1.53M	1.61M	1.57M	1.64M	1.74M
Deferred Taxes	591K	-725K	1.91M	-134K	367K	12K	-130K	288K	-745K	-1.18M
Other Non-Cash Items	486K	2.64M	1.31M	898K	-1.28M	1.87M	442K	704K	550K	-111K
Working Capital Changes	-218K	2.68M	1.84M	3.81M	3.98M	-1.79M	-519K	-485K	6.55M	1.15M
Cash from Investing+	-4.94M	-38.43M	-42.18M	-12.73M	-26.41M	-88.69M	-52.4M	-83.39M	-59.79M	-195.18M
Purchase of Investments	-33.88M	-21.78M	-25.57M	-23.76M	-20.13M	-41.88M	-161.69M	-66.82M	-586K	-137.95M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	1.77M	0	0	-26.33M	0	0	0	0	0
Other Investing	1.77M	-38.42M	-36.7M	-9.09M	2.32M	-82.2M	17.7M	-54.11M	-84.7M	-91.46M
Cash from Financing+	9.09M	19.7M	62.09M	-8.81M	-7.17M	162.14M	52.95M	-38.64M	121.18M	137.07M
Dividends Paid	-3.67M	-3.58M	-3.93M	-3.97M	-4M	-4.02M	-4.02M	-4.72M	-4.87M	-4.18M
Share Repurchases	0	0	0	0	0	0	-954K	0	-82K	-1.95M
Stock Issued	0	0	715K	1.32M	1.41M	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K
Other Financing	13.92M	10.15M	66.44M	-9.93M	1.15M	172.29M	66.17M	-32.25M	99.48M	148.04M
Net Change in Cash+	14.55M	-5.36M	34.41M	-3.39M	-18.82M	85.95M	13.73M	-106.04M	82.14M	-45.02M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	30.98M	45.53M	40.17M	74.57M	71.18M	52.36M	138.3M	152.03M	45.99M	128.13M
Cash at End	45.53M	40.17M	74.57M	71.18M	52.36M	138.3M	152.03M	45.99M	128.13M	83.11M
Interest Paid	2.78M	2.93M	3.72M	5.01M	6.93M	6.68M	4.36M	2.85M	9.67M	28.32M
Income Taxes Paid	2.45M	1.73M	2.24M	2.05M	890K	2.05M	2.8M	1.98M	2.75M	3.35M
Free Cash Flow+	8.45M	11.68M	12.77M	15.42M	8.52M	9.04M	12.05M	14M	18.06M	11.66M
FCF Growth %	-0.21%	0.38%	0.09%	0.21%	-0.45%	0.06%	0.33%	0.16%	0.29%	-0.35%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.71%	7.1%	7.02%	10.51%	8.05%	7.76%	8.45%	9.65%	9.05%	7.47%
Return on Assets (ROA)	1.09%	0.79%	0.76%	1.16%	0.97%	0.93%	0.96%	1.08%	0.99%	0.77%
Net Interest Margin	4.17%	3.77%	4.03%	4.2%	4.21%	3.35%	3.26%	3.67%	3.38%	3.22%
Efficiency Ratio	65.92%	69.13%	66.39%	64.38%	65.68%	61.38%	68.31%	67.57%	55.53%	51.87%
Equity / Assets	11.36%	10.95%	10.66%	11.44%	12.65%	11.49%	11.31%	11.15%	10.65%	10%
Book Value / Share	21.97	24.02	23.34	24.94	26.89	28.48	29.57	28.31	30.16	31.73
NII Growth	0.1%	8.5%	14.76%	4.7%	-1.45%	-6.85%	2.63%	9.02%	2.79%	5.94%
Dividend Payout	42.75%	51.81%	52.36%	33.21%	40.38%	39.2%	34.25%	35.39%	38.56%	37.98%

Revenue by Segment

	2018	2019
Deposit Account	2.08M	2.12M
Deposit Account Growth	-	1.63%
Mortgage Banking	342K	310K
Mortgage Banking Growth	-	-9.36%
Fiduciary and Trust	263K	264K
Fiduciary and Trust Growth	-	0.38%

Frequently Asked Questions

Valuation & Price

Ohio Valley Banc Corp. (OVBC) has a price-to-earnings (P/E) ratio of 17.3x. This is roughly in line with market averages.

Growth & Financials

Ohio Valley Banc Corp. (OVBC) grew revenue by 19.4% over the past year. This is strong growth.

Yes, Ohio Valley Banc Corp. (OVBC) is profitable, generating $11.1M in net income for fiscal year 2024 (12.4% net margin).

Dividend & Returns

Yes, Ohio Valley Banc Corp. (OVBC) pays a dividend with a yield of 2.19%. This makes it attractive for income-focused investors.

Ohio Valley Banc Corp. (OVBC) has a return on equity (ROE) of 7.5%. This is below average, suggesting room for improvement.

Industry Metrics

Ohio Valley Banc Corp. (OVBC) has a net interest margin (NIM) of 3.2%. This indicates healthy earnings from lending activities.

Ohio Valley Banc Corp. (OVBC) has an efficiency ratio of 51.9%. This is excellent, indicating strong cost control.

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