Ohio Valley Bancorp | 10-Q: FY2026 Q1 Revenue: USD 18.18 M

Revenue: As of FY2026 Q1, the actual value is USD 18.18 M.

EPS: As of FY2026 Q1, the actual value is USD 0.91.

EBIT: As of FY2026 Q1, the actual value is USD -9.635 M.

Ohio Valley Banc Corp. operates as a single business segment, banking, encompassing its various banking products, services, and investment securities, with all reported financial metrics consolidated for this operation in the United States .

Operational Metrics (Three months ended March 31, 2026 vs. March 31, 2025)

• Net Income decreased to $4,297 thousand in 2026 from $4,406 thousand in 2025 .
• Total Comprehensive Income significantly decreased to $2,107 thousand in 2026 from $6,424 thousand in 2025 .
• Net Interest Income increased to $14,888 thousand in 2026 from $13,140 thousand in 2025 .
• Provision for Credit Losses increased to $1,622 thousand in 2026 from $416 thousand in 2025 .
• Net Interest Income after Provision for Credit Losses increased to $13,266 thousand in 2026 from $12,724 thousand in 2025 .
• Income before Income Taxes decreased to $5,253 thousand in 2026 from $5,552 thousand in 2025 .
• Provision for Income Taxes decreased to $956 thousand in 2026 from $1,146 thousand in 2025 .

Segment Revenue (Three months ended March 31, 2026 vs. March 31, 2025)

• Interest and Dividend Income increased to $22,475 thousand in 2026 from $19,800 thousand in 2025, primarily due to increased income from loans .
  • Loans, including fees: $19,404 thousand (2026) vs. $16,695 thousand (2025) .
  • Securities (Taxable): $2,375 thousand (2026) vs. $2,155 thousand (2025) .
  • Interest-bearing deposits with banks: $582 thousand (2026) vs. $826 thousand (2025) .
• Noninterest Income decreased to $3,288 thousand in 2026 from $3,646 thousand in 2025 .
  • Electronic refund check / deposit fees: - $0 thousand (2026) vs. $540 thousand (2025) .
  • Debit / credit card interchange income: $1,235 thousand (2026) vs. $1,149 thousand (2025) .
  • Income from bank owned life insurance and annuity assets: $378 thousand (2026) vs. $240 thousand (2025) .

Operating Costs (Three months ended March 31, 2026 vs. March 31, 2025)

• Noninterest Expense increased to $11,301 thousand in 2026 from $10,818 thousand in 2025 .
  • Salaries and employee benefits: $6,347 thousand (2026) vs. $6,012 thousand (2025) .
  • Software expenses: $673 thousand (2026) vs. $541 thousand (2025) .
  • FDIC insurance: $241 thousand (2026) vs. $183 thousand (2025) .

Cash Flow (Three months ended March 31, 2026 vs. March 31, 2025)

• Net Cash Provided by Operating Activities increased to $7,190 thousand in 2026 from $496 thousand in 2025 .
• Net Cash Used in/Provided by Investing Activities changed to - $19,364 thousand used in 2026 from $30,351 thousand provided in 2025, primarily due to a net change in loans .
• Net Cash Provided by Financing Activities significantly increased to $91,604 thousand in 2026 from $6,654 thousand in 2025, largely due to a change in deposits .
• Cash Paid for Interest decreased to $5,400 thousand in 2026 from $6,562 thousand in 2025 .

Unique Metrics: Balance Sheet Highlights (March 31, 2026 vs. December 31, 2025)

• Total Assets increased to $1,677,502 thousand from $1,582,654 thousand .
• Net Loans increased to $1,201,871 thousand from $1,184,499 thousand .
• Total Deposits increased to $1,423,674 thousand from $1,329,667 thousand .
• Allowance for Credit Losses (Loans) increased to $12,943 thousand from $11,519 thousand .
• Accumulated Other Comprehensive Income (Loss) decreased to - $4,059 thousand from - $1,869 thousand .

Unique Metrics: Loan Portfolio Credit Quality (March 31, 2026 vs. December 31, 2025)

• Total Loans Past Due increased to $29,255 thousand from $23,839 thousand .
• Total Nonaccrual Loans increased to $18,691 thousand from $15,474 thousand .
• Individually Evaluated Collateral Dependent Loans Measured for Impairment totaled $10,869 thousand with a $2,031 thousand valuation allowance at March 31, 2026, contributing to a $2,031 thousand increase in provision expense for the three months ended March 31, 2026 .

Future Outlook and Strategy

Ohio Valley Banc Corp. is currently evaluating the impact of several new accounting pronouncements, including ASU 2024-03, ASU 2025-08, ASU 2025-11, and ASU 2025-12, on its consolidated financial statements . The full impact of these changes has not yet been determined, as the evaluations are ongoing .