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Oak View Bankshares Inc - OAKV STOCK NEWS

Welcome to our dedicated news page for Oak View Bankshares (Ticker: OAKV), a resource for investors and traders seeking the latest updates and insights on Oak View Bankshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Oak View Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Oak View Bankshares's position in the market.

Rhea-AI Summary
Oak View Bankshares, Inc. reported a 37.58% increase in net income for the twelve months ended December 31, 2023, compared to the previous year. The company declared an annual dividend of $0.20 per share, and the CEO attributed the record earnings to the team's hard work and dedication. The company's return on average assets and equity increased, and total assets, loans, and deposits also saw growth. However, the net interest margin and noninterest income decreased. Noninterest expenses, especially related to salaries and employee benefits, also increased. The company's liquidity position remains strong, with no nonperforming loans as of December 31, 2023. Shareholders' equity also saw an increase, although there were unrealized losses related to market adjustments.
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Oak View Bankshares, Inc. (OAKV) declared an annual dividend of $0.20 per share for shareholders of record as of February 1, 2024, payable on February 8, 2024.
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Oak View Bankshares, Inc. (OTC Pink:OAKV) has announced the authorization of a 3-year stock repurchase program for up to 100,000 shares of the company's common stock. The repurchase may occur through open market purchases or privately negotiated transactions at prevailing market prices, with the actual means and timing to be determined by the company based on various factors.
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Rhea-AI Summary
Oak View Bankshares reports Q3 2023 net income of $1.18 million, an increase of 104.10% YoY. Total assets reach $592.66 million. Return on average assets is 0.81% and return on average equity is 15.75%. Liquidity stands at $436.57 million. Shareholders' equity is $30.35 million.
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Rhea-AI Summary
Oak View Bankshares, Inc. reported a 53.26% increase in net income for Q2 2023 compared to Q2 2022. Basic and diluted earnings per share also increased. Total assets, loans, securities, and deposits all saw growth. The company has strong asset quality, regulatory capital, and liquidity. The CEO expressed optimism about the company's performance and growth prospects.
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Oak View Bankshares Inc

OTC:OAKV

OAKV Rankings

OAKV Stock Data

30.60M
2.60M
Banks - Regional
Financial Services
Link
United States
Warrenton