--- title: "Oak Valley Bancorp | 8-K: FY2026 Q2 Revenue: USD 20.61 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293647430.md" datetime: "2026-07-23T16:47:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293647430.md) - [en](https://longbridge.com/en/news/293647430.md) - [zh-HK](https://longbridge.com/zh-HK/news/293647430.md) generator: "portal-rs" --- # Oak Valley Bancorp | 8-K: FY2026 Q2 Revenue: USD 20.61 M Revenue: As of FY2026 Q2, the actual value is USD 20.61 M. EPS: As of FY2026 Q2, the actual value is USD 0.61. EBIT: As of FY2026 Q2, the actual value is USD 6.431 M. ### Financial Performance (Three Months Ended June 30, 2026) #### Net Income Oak Valley Bancorp reported consolidated net income of $5,114,000 for the three months ended June 30, 2026, which is lower compared to $5,309,000 in the prior quarter and $5,588,000 for the same period a year ago. #### Net Interest Income Net interest income for the three months ended June 30, 2026, was $18,944,000, an increase from $18,824,000 in the prior quarter and $18,154,000 in the same period a year ago. This increase was attributed to loan growth and an increase in loan yield. Average earning assets grew by 4.0% for the second quarter of 2026 compared to the same period of the prior year. #### Non-interest Income Non-interest income was $1,665,000 for the three months ended June 30, 2026, down from $1,952,000 in the prior quarter and $1,703,000 for the same period last year. This decrease was mainly due to a special dividend of $181,000 from the Federal Home Loan Bank recorded in the prior quarter and fair value changes in a limited partnership investment. #### Non-interest Expense Non-interest expense totaled $14,157,000 for the three months ended June 30, 2026, an increase from $13,506,000 in the prior quarter and $12,443,000 in the same quarter a year ago. The increases were primarily due to staffing expenses and general operating costs supporting the Company’s growth and expanded branch network. #### Provision for Credit Losses The Company recorded a provision for credit losses of $21,000 during the second quarter of 2026, compared to $464,000 in the prior quarter and $245,000 in the same period a year ago. This provision was prescribed by the pooled loan calculation within the current expected credit loss (CECL) risk model. A reversal of credit losses of - $60,000 was recorded in Q3 2025. #### Key Ratios (Three Months Ended June 30, 2026) - **Net Interest Margin:** 4.15%, up from 4.12% in the prior quarter and 4.11% in the same period last year. - **Return on Average Common Equity:** 9.74%, down from 10.23% in the prior quarter and 12.21% in the same period last year. - **Return on Average Assets:** 1.04%, down from 1.07% in the prior quarter and 1.18% in the same period last year. - **Efficiency Ratio:** 66.46%, up from 62.99% in the prior quarter and 60.75% in the same period last year. ### Financial Performance (Six Months Ended June 30, 2026) #### Net Income Consolidated net income for the six months ended June 30, 2026, was $10,423,000, compared to $10,885,000 for the same period of 2025. #### Net Interest Income Net interest income for the six months ended June 30, 2026, was $37,768,000, up from $35,961,000 for the same period in 2025. #### Non-interest Income Non-interest income for the six months ended June 30, 2026, was $3,617,000, an increase from $3,316,000 for the same period in 2025. #### Non-interest Expense Non-interest expense for the six months ended June 30, 2026, was $27,663,000, compared to $24,793,000 for the same period in 2025. #### Provision for Credit Losses The provision for credit losses for the six months ended June 30, 2026, was $485,000, compared to $519,000 for the same period in 2025. #### Key Ratios (Six Months Ended June 30, 2026) - **Net Interest Margin:** 4.13%, up from 4.10% for the same period in 2025. - **Return on Average Equity:** 9.98%, down from 11.89% for the same period in 2025. - **Return on Average Assets:** 1.05%, down from 1.15% for the same period in 2025. - **Efficiency Ratio:** 64.72%, up from 61.19% for the same period in 2025. ### Balance Sheet (Period End June 30, 2026) #### Total Assets Total assets were $2,001,578,000 at June 30, 2026, a decrease of $8,721,000 from March 31, 2026, but an increase of $80,669,000 over June 30, 2025. #### Gross Loans Gross loans were $1,165,715,000 at June 30, 2026, an increase of $18,264,000 over March 31, 2026, and $55,859,000 over June 30, 2025. #### Total Deposits Total deposits were $1,763,551,000 as of June 30, 2026, a decrease of $17,445,000 from March 31, 2026, but an increase of $52,310,000 over June 30, 2025. #### Common Equity Common equity was $217,034,000 at June 30, 2026, compared to $206,154,000 at March 31, 2026, and $185,805,000 at June 30, 2025. #### Liquidity Cash and cash equivalent balances were $194,803,000 as of June 30, 2026, indicating strong liquidity. ### Credit Quality (Period End June 30, 2026) #### Nonperforming Assets (NPA) Nonperforming assets totaled $2,631,000 as of June 30, 2026, a decrease from $4,574,000 at March 31, 2026. This decrease was due to a $1,735,000 charge-off on a collateral-dependent loan and the transfer of the remaining $2,581,000 to OREO during Q2 2026. Nonperforming assets were 0.13% of total assets at June 30, 2026, compared to 0.23% at March 31, 2026. There was no NPA at June 30, 2025. #### Allowance for Credit Losses The allowance for credit losses as a percentage of gross loans decreased to 0.96% at June 30, 2026, from 1.13% at March 31, 2026, and 1.03% at June 30, 2025, due to the $1,735,000 loan charge-off. ### Operational Metrics (Period End June 30, 2026) #### Full-time Equivalent Staff Full-time equivalent staff numbered 246 at June 30, 2026, an increase from 244 at March 31, 2026, and 231 at June 30, 2025. #### Number of Banking Offices Oak Valley Bancorp operated through 19 banking offices at June 30, 2026, consistent with March 31, 2026, and an increase from 18 at June 30, 2025. ### Dividends Oak Valley Bancorp’s Board of Directors declared a cash dividend of $0.375 per share of common stock, payable on August 14, 2026, to shareholders of record on August 3, 2026. This dividend amounts to approximately $3,155,000 and is the second dividend payment made by the Company in 2026. ### Outlook/Guidance The press release includes a standard disclaimer regarding forward-looking statements. These statements are based on management’s current knowledge and beliefs, but are subject to various risks and uncertainties, including fluctuations in interest rates, government policies, economic conditions, credit quality, operational factors, and competition. 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