Welcome to our dedicated page for Oak View Bankshares news (Ticker: OAKV), a resource for investors and traders seeking the latest updates and insights on Oak View Bankshares stock.
Oak View Bankshares, Inc. (OAKV) 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. The OAKV news feed on Stock Titan aggregates company-issued announcements and related coverage so readers can follow how this community banking organization reports on its performance and activities.
Company news frequently centers on earnings results, with regular releases detailing net income, earnings per share, returns on average assets and equity, and trends in loans, deposits, and total assets. These earnings updates also describe noninterest income and noninterest expense components, including items such as interchange fee income, mortgage loan fee income, gains and losses on sales of available-for-sale securities, and changes in salaries, occupancy, data processing, and regulatory assessments.
Oak View Bankshares, Inc. also issues news about capital actions and shareholder returns. Recent announcements include a private placement of common stock, a private placement of fixed-to-floating rate subordinated notes with a stated maturity date, and annual cash dividend declarations by the Board of Directors. Management commentary in these releases often highlights themes of capital strength, liquidity, asset quality, and the Company’s focus on balancing safety and soundness, profitability, and growth.
Readers who follow OAKV news can review how the Company describes its community bank strategy, its response to changing interest rate and liquidity conditions, and its reported progress in earnings and balance sheet metrics over time. This page provides a centralized view of these public communications for investors and observers interested in Oak View Bankshares, Inc. and Oak View National Bank.
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Oak View Bankshares, Inc. (OTC Pink:OAKV) reported strong financial results for the fourth quarter and year ended December 31, 2022. Net income surged 38.68% to $1.20 million, translating to earnings per share of $0.41, up from $0.29 year-over-year. For the full year, net income reached $3.06 million, a 23.71% increase, with earnings per share rising to $1.03 from $0.84. Total assets expanded to $497.89 million with total loans at $273.87 million. The company declared a $0.10 dividend per share, doubling the previous year’s payout. Return on average assets improved to 1.02%, while credit quality remained strong with no nonperforming loans. However, net interest margin declined slightly to 3.10%.
Oak View Bankshares (OTC PINK:OAKV) reported a net income of $580,081 for Q3 2022, down from $621,554 in Q3 2021. For the nine months ending September 30, 2022, net income increased to $1.9 million from $1.6 million in 2021. The bank's total assets climbed to $447.6 million, with total loans at $269.4 million. The net interest margin decreased to 3.17% from 3.28% year-over-year. A one-time loss of $227,033 was reported, but excluding this, earnings per share for Q3 2022 rose to $0.29. Regulatory capital ratios exceed well-capitalized thresholds.
Oak View Bankshares, Inc. (OTC Pink:OAKV) reported a net income of $674,977 for Q2 2022, a significant increase from $215,583 in Q2 2021. Basic earnings per share rose to $0.23 from $0.07 year-over-year. Total assets reached $398.5 million, up from $345.1 million at the end of 2021. Total loans increased to $257.6 million, and total deposits rose to $340.9 million. However, the net interest margin fell slightly to 3.13%. The provision for loan losses also increased significantly, reflecting broader economic concerns.
Oak View Bankshares, Inc. (OAKV) reported a net income of $596,779 for Q1 2022, down from $764,898 in Q1 2021. Earnings per share decreased to $0.20 from $0.26. The net interest margin fell to 3.12%, down from 3.35% in the previous quarter. Total assets rose to $379.7 million, while total loans decreased to $245.4 million. Total deposits grew to $321.8 million. The company maintained strong credit quality with no nonperforming loans. Recovery in loan loss provisions was $55,333, showing a stable risk profile despite ongoing market challenges.