Ohio Valley Banc Corp. Reports Third Quarter 2026 Earnings Growth Amid Year-to-Date Net Income Decline
Ohio Valley Banc Corp. (OVBC) reported a consolidated net income of $3,295,000 for the third quarter ended September 30, 2026, representing an 8.7% increase compared to the same period last year. Earnings per share rose to $0.70 from $0.64 in the prior-year quarter. Despite this quarterly improvement, nine-month net income fell by 9.7% to $10,519,000 due to losses tied to a limited number of commercial credits. The company saw significant growth in average earning assets and loans, driven primarily by targeted commercial lending segments. However, rising funding costs from promotional certificates of deposit and money market accounts have pressured net interest margins. Management remains focused on disciplined execution to navigate elevated funding costs and credit challenges while leveraging improved yields on securities.
Tickers: $OVBC
Topics: commercial credit losses earnings per share loan growth net income net interest income