Oak View Bankshares, Inc. Announces First Quarter Earnings
Rhea-AI Summary
Oak View Bankshares (OTCID: OAKV) reported net income of $1.94 million for Q1 2026, up 32.47% year-over-year, and EPS of $0.56. Total assets reached $924.55 million and loans were $362.57 million at March 31, 2026. Capital ratios exceed "well capitalized" thresholds and liquidity remained material at $521.79 million.
Noninterest income rose, aided by a $338 thousand derivative gain, while noninterest expense increased 20.98%. Net interest margin was 2.82% for the quarter.
Positive
- Net income $1.94 million, +32.47% YoY
- EPS $0.56 for Q1 2026
- Total assets $924.55 million at 3/31/2026
- Total loans $362.57 million at 3/31/2026
- Capital ratios above "well capitalized" thresholds (CET1 17.35%)
Negative
- Net interest margin down to 2.82% from 2.91% YoY
- Noninterest expense increased 20.98% YoY
- Shareholders' equity declined to $54.05 million
- Available liquidity declined to $521.79 million from $574.44 million
AI-generated analysis. How Rhea-AI works. Not financial advice.
WARRENTON, VA / ACCESS Newswire / April 30, 2026 / Oak View Bankshares, Inc. (the "Company") (OTCID:OAKV), parent company of Oak View National Bank (the "Bank"), reported net income of
Basic and diluted earnings per share for the quarter ended March 31, 2026, were
"Your community bank delivered strong financial results and continued to build franchise value, reflecting our disciplined approach to safety and soundness, profitable growth, and prudent risk management. Despite ongoing economic uncertainty, we are strengthening customer relationships and winning market share," said Michael Ewing, CEO and Chairman of the Board. Mr. Ewing continued, "return on equity has exceeded
Selected Highlights:
Return on average assets was
0.88% and return on average equity was13.54% for the quarter ended March 31, 2026, compared to0.84% and15.30% , respectively, for the quarter ended March 31, 2025.Total assets were
$924.55 million on March 31, 2026, compared to$878.24 million on December 31, 2025, an increase of$46.31 million .Total loans were
$362.57 million on March 31, 2026, compared to$349.89 million on December 31, 2025, an increase of$12.68 million .The total carrying value of debt securities was
$476.31 million on March 31, 2026, compared to$463.02 million on December 31, 2025, an increase of$13.30 million .Total deposits were
$719.27 million on March 31, 2026, compared to$713.58 million on December 31, 2025, an increase of$5.69 million .Asset quality continues to be outstanding. As of March 31, 2026, no loans had been charged-off during the quarter, there were no nonaccrual loans, and only one loan totaling
$26 thousand that was past due 90 days or more.Liquidity remains strong with cash, unencumbered securities available for sale, and available secured and unsecured borrowing capacity totaling
$521.79 million as of March 31, 2026, compared to$574.44 million as of December 31, 2025.Regulatory capital remains strong with the Bank's ratios exceeding the "well capitalized" thresholds in all categories, with total capital ratio at
18.15% , common equity tier 1 capital ratio at17.35% , tier 1 capital ratio at17.35% and leverage ratio at8.67% at March 31, 2026.
Net Interest Income
The net interest margin was
Noninterest Income
Noninterest income was
Noninterest Expense
Noninterest expenses were
Liquidity
Liquidity remains exceptionally strong with
Asset Quality
The allowance for credit losses related to the loan portfolio was
The provision for credit losses was
Shareholders' Equity
Shareholders' equity was
About Oak View Bankshares, Inc. and Oak View National Bank
The Company's common stock is listed for trading on the OTC Market Group's OTCID-Based Market, http://www.otcmarkets.com, under the ticker symbol OAKV.
The common stock closed at a price of
Oak View Bankshares, Inc. is the parent bank holding company for Oak View National Bank, a locally owned and managed community bank serving Fauquier, Culpeper, Rappahannock, and surrounding Counties. For more information about Oak View Bankshares, Inc. and Oak View National Bank, please visit our website at www.oakviewbank.com. Member FDIC.
For additional information, contact Tammy Frazier, Executive Vice President & Chief Financial Officer, Oak View Bankshares, Inc., at 540-359-7155.
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release about expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "would," "predict," "potential," "believe," "likely," "expect," "anticipate," "seek," "estimate," "intend," "plan," "project" and similar expressions. Accordingly, these statements involve estimates, assumptions, and uncertainties, and actual results may differ materially from those expressed in such statements. The following factors could cause the Company's actual results to differ materially from those projected in the forward-looking statements made in this document: changes in assumptions underlying the establishment of allowances for credit losses, and other estimates; the risks of changes in interest rates on levels, composition and costs of deposits, loan demand, and the values and liquidity of loan collateral, securities, and interest sensitive assets and liabilities; the effects of future economic, business and market conditions; legislative and regulatory changes, including changes in banking, securities, and tax laws and regulations and their application by our regulators; the Company's ability to maintain adequate liquidity by retaining deposit customers and secondary funding sources, especially if the Company's or banking industry's reputation becomes damaged; computer systems and infrastructure may be vulnerable to attacks by hackers or breached due to employee error, malfeasance, or other disruptions despite security measures implemented by the Company; risks inherent in making loans, such as repayment risks and fluctuating collateral values; governmental monetary and fiscal policies; changes in accounting policies, rules and practices; competition with other banks and financial institutions, and companies outside of the banking industry, including companies that have substantially greater access to capital and other resources; demand, development and acceptance of new products and services; problems with technology utilized by the Company; changing trends in customer profiles and behavior; success of acquisitions and operating initiatives, changes in business strategy or development of plans, and management of growth; reliance on senior management, including the ability to attract and retain key personnel; and inadequate design or circumvention of disclosure controls and procedures or internal controls. These factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements made by the Company, and you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict which will arise. In addition, the Company cannot assess the impact of each factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
SOURCE: Oak View Bankshares, Inc.
View the original press release on ACCESS Newswire