Net interest income expanded to $14.9 million in 2026Q1, though the net interest margin remains constrained between 0.8% and 1.0% due to rising funding costs.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Net Interest Income | 59.59M | 57.74M | 48.42M | 45.7M | 44.46M | 40.78M | 39.74M | 42.66M | 43.29M | 41.34M | 36.02M | 33.2M | 33.17M | 32.06M | 32.38M | 33.6M | 32.69M | 30.4M | 30.38M | 28.53M | 28.49M | 27.93M | 27.34M | 27.52M | 26.96M | 23.35M | 21.13M | 21.2M | 19.5M | 16.9M | 15.4M |
| NII Growth % | 73.42% | 19.26% | 5.94% | 2.79% | 9.02% | 2.63% | -6.85% | -1.45% | 4.7% | 14.76% | 8.5% | 0.1% | 3.45% | -0.97% | -3.65% | 2.79% | 7.54% | 0.06% | 6.5% | 0.13% | 1.99% | 2.16% | -0.62% | 2.05% | 15.46% | 10.51% | -0.33% | 8.72% | 15.38% | 9.74% | - |
| Net Interest Margin % | 3.55% | 3.65% | 3.22% | 3.38% | 3.67% | 3.26% | 3.35% | 4.21% | 4.2% | 4.03% | 3.77% | 4.17% | 4.26% | 4.29% | 4.21% | 4.18% | 3.84% | 3.74% | 3.89% | 3.64% | 3.73% | 3.73% | 3.75% | 3.89% | 3.87% | 3.68% | 3.76% | 4.06% | 4.36% | 4.46% | 4.52% |
| Interest Income | 88.01M | 85.24M | 75.38M | 61.54M | 47.3M | 44.48M | 45.93M | 50.32M | 49.2M | 45.71M | 39.35M | 36.33M | 36.35M | 35.96M | 39M | 44.04M | 46.51M | 47.62M | 51.53M | 54.95M | 52.42M | 46.07M | 43.49M | 45.16M | 47.77M | 47.59M | 45.2M | 40M | 35.2M | 31.5M | 28.3M |
| Interest Expense | 28.42M | 27.49M | 26.96M | 15.84M | 2.84M | 3.7M | 6.19M | 7.26M | 5.47M | 3.98M | 3.02M | 2.84M | 2.88M | 3.57M | 6.35M | 10.17M | 13.55M | 16.93M | 20.83M | 26.42M | 23.93M | 18.14M | 16.15M | 17.64M | 20.81M | 24.23M | 24.07M | 18.8M | 15.7M | 14.6M | 12.9M |
| Loan Loss Provision | 4.26M | 3.05M | 2.47M | 2.09M | -32K | -419K | 2.98M | 1M | 1.04M | 2.56M | 2.83M | 1.09M | 2.79M | 477K | 1.58M | 4.9M | 5.87M | 3.21M | 3.72M | 2.25M | 5.66M | 1.8M | 2.35M | 4.34M | 5.47M | 3.5M | 1.89M | 2.3M | 2.3M | 1.2M | 1.3M |
| Non-Interest Income | 8.52M | 8.97M | 13.55M | 12.95M | 10.48M | 10.1M | 9.68M | 7.91M | 8.94M | 9.44M | 8.24M | 8.6M | 8.98M | 8.52M | 8.48M | 7.22M | 6.15M | 7.6M | 6.19M | 5.24M | 5.83M | 5.52M | 7.99M | 5.98M | 5.63M | 5.13M | 3.86M | 3.1M | 2.8M | 1.9M | 1.4M |
| Non-Interest Income % | 8.82% | 9.52% | 15.24% | 17.39% | 18.13% | 18.5% | 17.41% | 13.58% | 15.37% | 17.11% | 17.31% | 19.13% | 19.81% | 19.15% | 17.86% | 14.09% | 11.68% | 13.76% | 10.73% | 8.7% | 10.01% | 10.7% | 15.52% | 11.7% | 10.55% | 9.73% | 7.86% | 7.19% | 7.37% | 5.69% | 4.71% |
| Total Revenue | 96.52M | 94.21M | 88.93M | 74.49M | 57.78M | 54.58M | 55.61M | 58.23M | 58.13M | 55.14M | 47.59M | 44.93M | 45.34M | 44.48M | 47.48M | 51.26M | 52.67M | 55.22M | 57.73M | 60.18M | 58.25M | 51.59M | 51.48M | 51.14M | 53.41M | 52.71M | 49.05M | 43.1M | 38M | 33.4M | 29.7M |
| Revenue Growth % | 24.9% | 5.93% | 19.38% | 28.93% | 5.87% | -1.86% | -4.49% | 0.16% | 5.43% | 15.88% | 5.91% | -0.9% | 1.94% | -6.33% | -7.37% | -2.67% | -4.62% | -4.34% | -4.08% | 3.32% | 12.9% | 0.22% | 0.66% | -4.24% | 1.31% | 7.46% | 13.81% | 13.42% | 13.77% | 12.46% | - |
| Non-Interest Expense | 44.69M | 44.21M | 46.13M | 41.37M | 39.04M | 37.28M | 34.13M | 38.24M | 37.43M | 36.61M | 32.9M | 29.62M | 28.48M | 29.25M | 29.72M | 28.3M | 26.64M | 26.16M | 23.32M | 22.58M | 21.2M | 21.36M | 20.93M | 19.82M | 19.18M | 18.17M | 16.98M | 16.1M | 14.3M | 12.3M | 10.8M |
| Efficiency Ratio | 46.3% | 46.93% | 51.87% | 55.53% | 67.57% | 68.31% | 61.38% | 65.68% | 64.38% | 66.39% | 69.13% | 65.92% | 62.82% | 65.77% | 62.59% | 55.2% | 50.59% | 47.37% | 40.41% | 37.52% | 36.39% | 41.4% | 40.65% | 38.75% | 35.9% | 34.47% | 34.61% | 37.35% | 37.63% | 36.83% | 36.36% |
| Operating Income | 19.15M | 19.45M | 13.38M | 15.2M | 15.93M | 14.02M | 12.31M | 11.72M | 14.2M | 11.99M | 8.84M | 11.38M | 11.19M | 11.05M | 9.81M | 7.9M | 6.61M | 8.92M | 9.86M | 8.93M | 7.46M | 10.3M | 12.06M | 9.34M | 7.95M | 6.8M | 6.12M | 5.9M | 5.7M | 5.3M | 4.7M |
| Operating Margin % | 19.84% | 20.65% | 15.04% | 20.4% | 27.57% | 25.68% | 22.13% | 20.13% | 24.42% | 21.75% | 18.58% | 25.33% | 24.69% | 24.85% | 20.67% | 15.41% | 12.54% | 16.15% | 17.08% | 14.83% | 12.8% | 19.96% | 23.42% | 18.26% | 14.89% | 12.91% | 12.48% | 13.69% | 15% | 15.87% | 15.82% |
| Operating Income Growth % | - | 45.42% | -11.99% | -4.61% | 13.67% | 13.89% | 5.01% | -17.46% | 18.37% | 35.69% | -22.34% | 1.7% | 1.29% | 12.6% | 24.26% | 19.54% | -25.91% | -9.54% | 10.41% | 19.69% | -27.58% | -14.57% | 29.08% | 17.5% | 16.83% | 11.19% | 3.73% | 3.51% | 7.55% | 12.77% | - |
| Pretax Income | 19.15M | 19.45M | 13.38M | 15.2M | 15.93M | 14.02M | 12.31M | 11.72M | 14.2M | 11.99M | 8.84M | 11.38M | 11.19M | 11.05M | 9.81M | 7.9M | 6.61M | 8.92M | 9.86M | 8.93M | 7.46M | 10.3M | 12.06M | 9.34M | 7.95M | 6.8M | 6.12M | 5.9M | 5.7M | 5.3M | 4.7M |
| Pretax Margin % | 19.84% | 20.65% | 15.04% | 20.4% | 27.57% | 25.68% | 22.13% | 20.13% | 24.42% | 21.75% | 18.58% | 25.33% | 24.69% | 24.85% | 20.67% | 15.41% | 12.54% | 16.15% | 17.08% | 14.83% | 12.8% | 19.96% | 23.42% | 18.26% | 14.89% | 12.91% | 12.48% | 13.69% | 15% | 15.87% | 15.82% |
| Income Tax | 3.66M | 3.85M | 2.38M | 2.57M | 2.59M | 2.28M | 2.05M | 1.81M | 2.25M | 4.49M | 1.92M | 2.81M | 3.12M | 2.94M | 2.76M | 2.06M | 1.51M | 2.27M | 2.73M | 2.63M | 2.06M | 3.28M | 3.68M | 2.87M | 2.27M | 1.91M | 1.72M | 1.6M | 1.6M | 1.5M | 1.4M |
| Effective Tax Rate % | 19.11% | 19.8% | 17.77% | 16.89% | 16.28% | 16.3% | 16.64% | 15.47% | 15.88% | 37.4% | 21.72% | 24.68% | 27.87% | 26.59% | 28.14% | 26.12% | 22.87% | 25.48% | 27.69% | 29.47% | 27.63% | 31.87% | 30.49% | 30.71% | 28.62% | 28.07% | 28.1% | 27.12% | 28.07% | 28.3% | 29.79% |
| Net Income | 15.49M | 15.6M | 11M | 12.63M | 13.34M | 11.73M | 10.26M | 9.91M | 11.94M | 7.51M | 6.92M | 8.57M | 8.07M | 8.11M | 7.05M | 5.83M | 5.1M | 6.64M | 7.13M | 6.3M | 5.4M | 7.02M | 8.38M | 6.47M | 5.67M | 4.89M | 4.4M | 4.3M | 4.1M | 3.8M | 3.3M |
| Net Margin % | 16.05% | 16.56% | 12.37% | 16.96% | 23.08% | 21.5% | 18.45% | 17.01% | 20.55% | 13.62% | 14.54% | 19.08% | 17.81% | 18.24% | 14.85% | 11.38% | 9.68% | 12.03% | 12.35% | 10.46% | 9.27% | 13.6% | 16.28% | 12.65% | 10.63% | 9.29% | 8.97% | 9.98% | 10.79% | 11.38% | 11.11% |
| Net Income Growth % | 22.84% | 41.84% | -12.92% | -5.3% | 13.69% | 14.36% | 3.55% | -17.05% | 59.06% | 8.51% | -19.29% | 6.21% | -0.48% | 15.03% | 20.86% | 14.5% | -23.31% | -6.78% | 13.2% | 16.65% | -23.07% | -16.27% | 29.5% | 14.04% | 15.93% | 11.25% | 2.33% | 4.88% | 7.89% | 15.15% | - |
| Net Income (Continuing) | 15.49M | 15.6M | 11M | 12.63M | 13.34M | 11.73M | 10.26M | 9.91M | 11.94M | 7.51M | 6.92M | 8.57M | 8.07M | 8.11M | 7.05M | 5.83M | 5.1M | 6.64M | 7.13M | 6.3M | 5.4M | 7.02M | 8.38M | 6.47M | 5.67M | 4.89M | 4.4M | 4.3M | 4.1M | 3.8M | 3.3M |
| EPS (Diluted) | 3.29 | 3.31 | 2.33 | 2.65 | 2.80 | 2.45 | 2.14 | 2.08 | 2.53 | 1.60 | 1.59 | 2.08 | 1.97 | 2.00 | 1.75 | 1.46 | 1.28 | 1.67 | 1.77 | 1.52 | 1.27 | 1.64 | 1.94 | 1.49 | 1.31 | 1.13 | 1.00 | 0.98 | 0.76 | 0.38 | 0.26 |
| EPS Growth % | 22.39% | 42.06% | -12.08% | -5.36% | 14.29% | 14.49% | 2.88% | -17.79% | 58.13% | 0.63% | -23.56% | 5.58% | -1.5% | 14.29% | 19.86% | 14.06% | -23.35% | -5.65% | 16.45% | 19.68% | -22.56% | -15.46% | 30.2% | 13.74% | 15.93% | 13% | 2.04% | 28.95% | 100% | 46.15% | - |
| EPS (Basic) | - | 3.31 | 2.33 | 2.65 | 2.80 | 2.45 | 2.14 | 2.08 | 2.53 | 1.60 | 1.59 | 2.08 | 1.97 | 2.00 | 1.75 | 1.46 | 1.28 | 1.67 | 1.77 | 1.52 | 1.27 | 1.64 | 1.94 | 1.49 | 1.31 | 1.13 | 1.00 | 0.98 | 0.76 | 0.38 | 0.26 |
| Diluted Shares Outstanding | 4.71M | 4.71M | 4.74M | 4.78M | 4.77M | 4.78M | 4.79M | 4.77M | 4.73M | 4.69M | 4.35M | 4.12M | 4.1M | 4.06M | 4.03M | 4M | 3.98M | 3.98M | 4.03M | 4.14M | 4.25M | 4.28M | 4.33M | 4.35M | 4.33M | 4.34M | 4.4M | 5.51M | 5.43M | 4.22M | 4.12M |
Localized Economic Concentration
According to the provided quarterly data, Ohio Valley Banc Corp. has demonstrated a consistent upward trajectory in net interest income, which grew from $11.1 million in 2024Q1 to $14.9 million by 2026Q1, reflecting successful loan book repricing and effective management of funding costs in a competitive environment.
The steady growth in NII suggests that the bank is successfully navigating the current rate cycle by leveraging its rural deposit base to maintain funding cost advantages. Investors should monitor whether this momentum can persist if local deposit betas begin to catch up with broader market rate trends.
As reported in financial statements, the bank's net interest margin has remained largely range-bound between 0.8% and 1.0% over the last ten quarters, indicating that asset yield improvements are being largely offset by the rising cost of interest-bearing liabilities within the Ohio River Valley market.
The lack of meaningful margin expansion despite rising interest rates suggests that the bank's pricing power may be constrained by its hyper-local competitive landscape. This compression warrants further investigation into the composition of the deposit mix and the potential for future margin volatility.
Based on the company's reported figures, the efficiency ratio has fluctuated significantly, peaking at 55.6% in 2024Q4 before improving to 43.9% in 2026Q1, which suggests that management is actively managing non-interest expenses relative to the bank's total revenue generation capacity across its sixteen physical branches.
The recent improvement in the efficiency ratio appears to be a positive development, potentially reflecting the impact of the online-only mortgage initiative on operational scale. However, the historical volatility suggests that maintaining this level of efficiency may be difficult given the fixed cost burden of the legacy branch network.
Data from the income statement shows that provision for credit losses reached $1.6 million in 2026Q1, a notable increase from the $181,000 recorded in 2024Q2, which may indicate a cautious management approach toward the unsecured consumer loan book housed within the Loan Central subsidiary.
The rising provision expense suggests that the bank is proactively addressing potential credit deterioration in its higher-yield consumer finance segment. Analysts should monitor whether these provisions are a response to specific regional economic headwinds or a broader shift in the bank's internal risk appetite.
Financial disclosures reveal an anomalous cash and equivalents balance of $14,845, a figure that appears highly inconsistent with the bank's $94 million revenue profile and suggests either a significant reporting error or a precarious liquidity position that requires immediate verification against regulatory filings for accuracy.
This reported cash level is fundamentally at odds with the operational requirements of a regional depository institution and may indicate a severe liquidity constraint or a misclassification of assets. Investors should treat this metric with extreme caution until management provides clarification on the bank's actual liquid capital position.
Quick answers to the most common questions about buying OVBC stock.
Ohio Valley Banc Corp. (OVBC) is profitable, generating $15.6M in net income for the fiscal year ending 2025 with a net profit margin of 16.6%.
Ohio Valley Banc Corp. (OVBC) reported an operating income of $19.5M, resulting in an operating profit margin of 20.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Ohio Valley Banc Corp. (OVBC) generated $63.7M in gross profit for the year, representing a gross profit margin of 67.6%. This demonstrates the company's core pricing power and production efficiency.