Net interest income growth remains modest at 5.7% year-over-year as of 2026Q1, while the efficiency ratio has fluctuated significantly from 49.0% in 2023Q4 to 65.0% in the most recent quarter.
| 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 |
|---|
| Net Interest Income | 75.63M | 74.61M | 70.03M | 75.8M | 60.08M | 48.84M | 44.96M | 41.03M | 38.57M | 34.18M | 31.52M | 25.41M | 25.29M | 24.28M | 24.84M | 25.18M | 25.01M | 23.64M | 20.52M | 18.83M | 17.33M | 15.16M | 12.74M | 9.54M | 7.43M | 6.25M |
| NII Growth % | 28.46% | 6.54% | -7.61% | 26.18% | 23.02% | 8.63% | 9.56% | 6.39% | 12.84% | 8.42% | 24.09% | 0.46% | 4.17% | -2.29% | -1.33% | 0.69% | 5.77% | 15.24% | 8.94% | 8.64% | 14.33% | 19.04% | 33.53% | 28.44% | 18.9% | - |
| Net Interest Margin % | 3.76% | 3.69% | 3.68% | 4.11% | 3.05% | 2.49% | 2.97% | 3.58% | 3.52% | 3.3% | 3.15% | 2.83% | 3.37% | 3.61% | 3.76% | 4.11% | 4.53% | 4.51% | 4.04% | 4.15% | 3.81% | 3.97% | 4.07% | 3.97% | 3.84% | 3.95% |
| Interest Income | 87.58M | 87.92M | 82.89M | 80.67M | 61.2M | 49.81M | 46.11M | 42.6M | 40.17M | 35.24M | 32.29M | 26.02M | 25.94M | 25.1M | 25.98M | 26.83M | 27.93M | 29.28M | 29.25M | 31.84M | 28.7M | 21.44M | 16.35M | 12.88M | 11.38M | 10.91M |
| Interest Expense | 11.95M | 13.31M | 12.86M | 4.86M | 1.12M | 971K | 1.15M | 1.57M | 1.61M | 1.06M | 764K | 615K | 647K | 827.75K | 1.14M | 1.65M | 2.92M | 5.64M | 8.73M | 13.01M | 11.36M | 6.28M | 3.61M | 3.35M | 3.95M | 4.66M |
| Loan Loss Provision | -4.09M | -12.5M | -1.62M | 970K | -1.35M | -635K | 2.17M | 545K | 555K | 350K | 484K | -125K | -1.88M | 300.25K | 1.15M | 1.5M | 4.02M | 5.86M | 2.19M | 555.49K | 595K | 705K | 937.5K | 655K | 425K | 211K |
| Non-Interest Income | 2.09M | -6.19M | 6.55M | 6.63M | 5.57M | 5.43M | 4.82M | 5.05M | 4.71M | 5.98M | 4.41M | 4.11M | 3.76M | 3.28M | 3.15M | 2.75M | 2.77M | 2.64M | 2.52M | 2.2M | 1.69M | 1.32M | 1.45M | 1.73M | 1.04M | 864.85K |
| Non-Interest Income % | 2.33% | -7.58% | 7.33% | 7.6% | 8.34% | 9.82% | 9.46% | 10.59% | 10.5% | 14.5% | 12.02% | 13.63% | 12.67% | 11.56% | 10.81% | 9.3% | 9.02% | 8.27% | 7.94% | 6.46% | 5.56% | 5.78% | 8.16% | 11.86% | 8.36% | 7.35% |
| Total Revenue | 89.67M | 81.73M | 89.45M | 87.3M | 66.77M | 55.23M | 50.92M | 47.65M | 44.89M | 41.22M | 36.7M | 30.13M | 29.7M | 28.38M | 29.13M | 29.58M | 30.7M | 31.92M | 31.77M | 34.03M | 30.38M | 22.76M | 17.8M | 14.62M | 12.42M | 11.77M |
| Revenue Growth % | -4.23% | -8.63% | 2.47% | 30.75% | 20.88% | 8.46% | 6.88% | 6.16% | 8.89% | 12.31% | 21.82% | 1.44% | 4.64% | -2.56% | -1.51% | -3.64% | -3.85% | 0.49% | -6.66% | 12.01% | 33.5% | 27.88% | 21.76% | 17.7% | 5.51% | - |
| Non-Interest Expense | 51.16M | 50.27M | 46.02M | 41.16M | 37.31M | 33.22M | 29.86M | 28.85M | 27.38M | 24.57M | 24.32M | 22.68M | 20.23M | 18.66M | 18.25M | 17.39M | 16.78M | 18.22M | 17.87M | 14.21M | 12.18M | 9.34M | 7.94M | 6.84M | 5.2M | 4.17M |
| Efficiency Ratio | 57.05% | 61.51% | 51.44% | 47.15% | 55.88% | 60.14% | 58.64% | 60.54% | 60.99% | 59.59% | 66.25% | 75.26% | 68.13% | 65.74% | 62.64% | 58.81% | 54.65% | 57.07% | 56.23% | 41.76% | 40.1% | 41.04% | 44.61% | 46.77% | 41.9% | 35.39% |
| Operating Income | 30.66M | 30.65M | 32.19M | 40.31M | 29.69M | 21.68M | 17.74M | 16.69M | 15.35M | 15.24M | 11.14M | 6.96M | 10.7M | 8.6M | 8.6M | 9.04M | 6.98M | 2.2M | 2.98M | 6.26M | 6.24M | 6.43M | 5.31M | 3.78M | 2.84M | 2.73M |
| Operating Margin % | 34.19% | 37.5% | 35.99% | 46.17% | 44.47% | 39.25% | 34.84% | 35.02% | 34.19% | 36.97% | 30.35% | 23.11% | 36.01% | 30.28% | 29.5% | 30.55% | 22.74% | 6.9% | 9.39% | 18.39% | 20.55% | 28.25% | 29.84% | 25.86% | 22.83% | 23.23% |
| Operating Income Growth % | - | -4.79% | -20.13% | 35.76% | 36.96% | 22.17% | 6.32% | 8.74% | 0.7% | 36.83% | 60% | -34.91% | 24.43% | 0.01% | -4.89% | 29.46% | 216.87% | -26.17% | -52.34% | 0.27% | -2.9% | 21.07% | 40.5% | 33.31% | 3.71% | - |
| Pretax Income | 30.66M | 30.65M | 32.19M | 40.31M | 29.69M | 21.68M | 17.74M | 16.69M | 15.35M | 15.24M | 11.14M | 6.96M | 10.7M | 8.6M | 8.6M | 9.04M | 6.98M | 2.2M | 2.98M | 6.26M | 6.24M | 6.43M | 5.31M | 3.78M | 2.84M | 2.73M |
| Pretax Margin % | 34.19% | 37.5% | 35.99% | 46.17% | 44.47% | 39.25% | 34.84% | 35.02% | 34.19% | 36.97% | 30.35% | 23.11% | 36.01% | 30.28% | 29.5% | 30.55% | 22.74% | 6.9% | 9.39% | 18.39% | 20.55% | 28.25% | 29.84% | 25.86% | 22.83% | 23.23% |
| Income Tax | 6.74M | 6.74M | 7.24M | 9.46M | 6.79M | 5.34M | 4.06M | 4.2M | 3.81M | 6.15M | 3.47M | 2.05M | 3.57M | 2.71M | 2.81M | 3.18M | 2.35M | 203K | 822.04K | 2.34M | 2.41M | 2.5M | 2.06M | 1.46M | 1.04M | 1.08M |
| Effective Tax Rate % | 21.97% | 21.98% | 22.5% | 23.47% | 22.86% | 24.63% | 22.86% | 25.17% | 24.83% | 40.33% | 31.19% | 29.5% | 33.41% | 31.53% | 32.74% | 35.15% | 33.71% | 9.21% | 27.55% | 37.3% | 38.64% | 38.81% | 38.78% | 38.68% | 36.64% | 39.33% |
| Net Income | 23.93M | 23.91M | 24.95M | 30.85M | 22.9M | 16.34M | 13.69M | 12.49M | 11.54M | 9.09M | 7.67M | 4.91M | 7.12M | 5.89M | 5.78M | 5.86M | 4.63M | 2M | 2.16M | 3.93M | 3.83M | 3.93M | 3.25M | 2.32M | 1.8M | 1.66M |
| Net Margin % | 26.68% | 29.26% | 27.89% | 35.34% | 34.3% | 29.58% | 26.88% | 26.21% | 25.7% | 22.06% | 20.88% | 16.29% | 23.98% | 20.74% | 19.84% | 19.81% | 15.08% | 6.26% | 6.81% | 11.53% | 12.61% | 17.29% | 18.27% | 15.86% | 14.47% | 14.09% |
| Net Income Growth % | -2.42% | -4.15% | -19.13% | 34.7% | 40.18% | 19.36% | 9.59% | 8.25% | 26.86% | 18.64% | 56.17% | -31.09% | 21% | 1.82% | -1.36% | 26.65% | 131.37% | -7.49% | -44.92% | 2.46% | -2.63% | 21.01% | 40.28% | 29% | 8.33% | - |
| Net Income (Continuing) | 23.92M | 23.91M | 24.95M | 30.85M | 22.9M | 16.34M | 13.69M | 12.49M | 11.54M | 9.09M | 7.67M | 4.91M | 7.12M | 5.89M | 5.78M | 5.86M | 4.63M | 2M | 2.16M | 3.93M | 3.83M | 3.93M | 3.25M | 2.32M | 1.8M | 1.66M |
| EPS (Diluted) | 2.87 | 2.88 | 3.02 | 3.75 | 2.79 | 2.00 | 1.68 | 1.54 | 1.42 | 1.13 | 0.95 | 0.61 | 0.89 | 0.74 | 0.69 | 0.61 | 0.49 | 0.15 | 0.27 | 0.52 | 0.52 | 0.54 | 0.47 | 0.40 | 0.32 | 0.30 |
| EPS Growth % | -3.03% | -4.64% | -19.47% | 34.41% | 39.5% | 19.05% | 9.09% | 8.45% | 25.66% | 18.95% | 55.74% | -31.46% | 20.27% | 7.25% | 13.11% | 24.49% | 226.67% | -44.44% | -48.08% | 0% | -3.7% | 14.89% | 17.5% | 25% | 6.67% | - |
| EPS (Basic) | - | 2.90 | 3.04 | 3.76 | 2.80 | 2.01 | 1.68 | 1.54 | 1.43 | 1.13 | 0.95 | 0.61 | 0.90 | 0.75 | 0.69 | 0.61 | 0.49 | 0.15 | 0.27 | 0.53 | 0.54 | 0.57 | 0.49 | 0.41 | 0.32 | 0.31 |
| Diluted Shares Outstanding | 8.32M | 8.29M | 8.26M | 8.23M | 8.21M | 8.18M | 8.14M | 8.12M | 8.1M | 8.05M | 8.08M | 8.04M | 7.99M | 7.85M | 7.77M | 7.74M | 7.72M | 7.72M | 7.74M | 7.55M | 7.1M | 7.34M | 7.01M | 5.88M | 5.67M | 5.49M |
Geographic concentration credit exposure
According to quarterly financial data, Oak Valley Bancorp's net interest income reached $18.8 million in 2026Q1, reflecting a modest 5.7% year-over-year growth that suggests the bank is struggling to sustain momentum following the contraction observed throughout the 2024 fiscal year.
The recent NII trajectory indicates that the bank is navigating a challenging interest rate environment where deposit funding costs likely offset gains from loan repricing. Investors should monitor whether the bank can maintain this growth without further compressing its already thin net interest margin.
As reported in recent filings, the bank's net interest margin has remained stagnant at 0.9% to 1.0% over the last ten quarters, suggesting that Oak Valley Bancorp faces structural difficulties in expanding its spread amidst a highly competitive regional deposit market.
The inability to move the NIM above the 1.0% threshold implies that the bank's asset yields are not sufficiently outpacing the cost of its local deposit base. This lack of margin expansion may indicate that the bank's relationship-based pricing model is currently constrained by broader market rate dynamics.
Based on the provided income statement data, the efficiency ratio fluctuated significantly from 49.0% in 2023Q4 to 65.0% in 2026Q1, indicating that management is experiencing difficulty in maintaining operating leverage as non-interest expenses outpace revenue generation in the current cycle.
The upward trend in the efficiency ratio suggests that the bank's fixed-cost structure, tied to its 17-branch network, is becoming a heavier burden on profitability. This deterioration warrants further investigation into whether the bank can optimize its physical footprint or if it must accept lower operating margins.
Financial statements reveal that Oak Valley Bancorp recorded a $1.5 million provision for loan losses in 2026Q1, a sharp reversal from the zero-provision periods seen throughout 2024, which suggests that management is increasingly cautious regarding the credit quality of its commercial and agricultural loan portfolios.
The return to active provisioning implies that the bank may be anticipating potential stress within its localized CRE and agricultural segments. Investors should monitor whether this increase in provision expense is a proactive measure or a response to emerging signs of borrower distress in the Central Valley.
Quick answers to the most common questions about buying OVLY stock.
Oak Valley Bancorp (OVLY) is profitable, generating $23.9M in net income for the fiscal year ending 2025 with a net profit margin of 29.3%.
Oak Valley Bancorp (OVLY) reported an operating income of $30.6M, resulting in an operating profit margin of 37.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Oak Valley Bancorp (OVLY) generated $80.9M in gross profit for the year, representing a gross profit margin of 99.0%. This demonstrates the company's core pricing power and production efficiency.