Tiger Brokers

Ohio Valley Banc Corporation Q2 2025 Net Income Soars 41.7%, EPS Rises to $0.89

Reuters
Jul 25
Ohio Valley Banc Corporation <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Net Income Soars 41.7%, EPS Rises to $0.89

Ohio Valley Banc Corp. (Nasdaq: OVBC) reported a consolidated net income of $4.21 million for the quarter ended June 30, 2025, marking a 41.7% increase from the same period the previous year. Earnings per share for this quarter were $0.89, up from $0.63 in the prior year's second quarter. For the first half of 2025, net income reached $8.616 million, a 49.5% rise from the same period in 2024, with earnings per share at $1.83 compared to $1.21 in the first half of 2024. The company noted an increase of $2.572 million in net interest income for the three months ended June 30, 2025, and a $4.522 million increase for the six months ended on the same date, compared to the respective periods last year. This growth was attributed to the rise in average earning assets and the net interest margin. Ohio Valley Banc Corp. President and CEO, Larry Miller, attributed the strong financial performance to strategic decisions such as participating in the Ohio Homebuyer Plus Program and focusing on commercial and real estate lending. The company observed growth in commercial real estate, commercial and industrial, and residential real estate loans, although consumer loans saw a decline due to a strategic shift away from this segment. Shareholders' equity increased by $10.4 million from the end of 2024, primarily driven by the net income and an increase in accumulated other comprehensive income. Ohio Valley Banc Corp. continues to trade on the NASDAQ Global Market under the symbol OVBC, and it operates The Ohio Valley Bank Company and Loan Central, Inc. with multiple offices in Ohio and West Virginia.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ohio Valley Banc Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000894671-25-000032), on July 25, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10