Oak Valley Bancorp Reports 2nd Quarter Results and Announces Cash Dividend
Oak Valley Bancorp (NASDAQ: OVLY) reported Q2 2025 consolidated net income of $5.59 million, or $0.67 per diluted share, up from $5.30 million in Q1 2025 but down from $5.89 million in Q2 2024. The bank's net interest income increased to $18.15 million, driven by loan growth and improved loan yields.
Key metrics include total assets of $1.92 billion, gross loans of $1.11 billion (up $18.9 million QoQ), and deposits of $1.71 billion. The bank maintains strong credit quality with zero non-performing assets and an allowance for credit losses at 1.03% of gross loans.
The Board declared a cash dividend of $0.30 per share, payable on August 8, 2025, marking the second dividend payment in 2025.
Oak Valley Bancorp (NASDAQ: OVLY) ha riportato un utile netto consolidato nel secondo trimestre 2025 di 5,59 milioni di dollari, pari a 0,67 dollari per azione diluita, in aumento rispetto ai 5,30 milioni del primo trimestre 2025 ma in calo rispetto ai 5,89 milioni del secondo trimestre 2024. Il margine di interesse netto della banca è salito a 18,15 milioni di dollari, trainato dalla crescita dei prestiti e dal miglioramento dei rendimenti sui prestiti.
I principali indicatori includono attività totali per 1,92 miliardi di dollari, prestiti lordi per 1,11 miliardi di dollari (in aumento di 18,9 milioni di dollari trimestre su trimestre) e depositi per 1,71 miliardi di dollari. La banca mantiene una solida qualità del credito con zero attività non performanti e un accantonamento per perdite su crediti pari all'1,03% dei prestiti lordi.
Il Consiglio di Amministrazione ha dichiarato un dividendo in contanti di 0,30 dollari per azione, pagabile l'8 agosto 2025, segnando il secondo pagamento di dividendi nel 2025.
Oak Valley Bancorp (NASDAQ: OVLY) reportó un ingreso neto consolidado en el segundo trimestre de 2025 de 5,59 millones de dólares, o 0,67 dólares por acción diluida, aumentando desde 5,30 millones en el primer trimestre de 2025 pero disminuyendo respecto a 5,89 millones en el segundo trimestre de 2024. Los ingresos netos por intereses del banco aumentaron a 18,15 millones de dólares, impulsados por el crecimiento de los préstamos y la mejora en los rendimientos de los mismos.
Las métricas clave incluyen activos totales de 1,92 mil millones de dólares, préstamos brutos de 1,11 mil millones de dólares (un aumento de 18,9 millones trimestre a trimestre) y depósitos de 1,71 mil millones de dólares. El banco mantiene una sólida calidad crediticia con cero activos improductivos y una provisión para pérdidas crediticias del 1,03% sobre los préstamos brutos.
La Junta declaró un dividendo en efectivo de 0,30 dólares por acción, pagadero el 8 de agosto de 2025, marcando el segundo pago de dividendos en 2025.
Oak Valley Bancorp (NASDAQ: OVLY)는 2025년 2분기 연결 순이익으로 559만 달러, 희석 주당순이익 0.67달러를 보고했으며, 이는 2025년 1분기의 530만 달러에서 증가했으나 2024년 2분기의 589만 달러보다는 감소한 수치입니다. 은행의 순이자수익은 대출 증가와 대출 수익률 개선에 힘입어 1815만 달러로 증가했습니다.
주요 지표로는 총자산 19억 2천만 달러, 총대출 11억 1천만 달러(전분기 대비 1890만 달러 증가), 예금 17억 1천만 달러가 있습니다. 은행은 부실자산이 전혀 없으며 총대출의 1.03%에 해당하는 신용손실충당금을 유지하며 견고한 신용 품질을 유지하고 있습니다.
이사회는 주당 0.30달러 현금 배당을 선언했으며, 이는 2025년 8월 8일 지급될 예정으로 2025년 두 번째 배당금 지급입니다.
Oak Valley Bancorp (NASDAQ : OVLY) a annoncé un bénéfice net consolidé au deuxième trimestre 2025 de 5,59 millions de dollars, soit 0,67 dollar par action diluée, en hausse par rapport à 5,30 millions au premier trimestre 2025 mais en baisse par rapport à 5,89 millions au deuxième trimestre 2024. Le produit net d’intérêts de la banque a augmenté pour atteindre 18,15 millions de dollars, grâce à la croissance des prêts et à l’amélioration des rendements des prêts.
Les indicateurs clés comprennent des actifs totaux de 1,92 milliard de dollars, des prêts bruts de 1,11 milliard de dollars (en hausse de 18,9 millions de dollars par rapport au trimestre précédent) et des dépôts de 1,71 milliard de dollars. La banque maintient une solide qualité de crédit avec zéro actif non performant et une provision pour pertes sur prêts à hauteur de 1,03 % des prêts bruts.
Le conseil d’administration a déclaré un dividende en espèces de 0,30 dollar par action, payable le 8 août 2025, marquant le deuxième versement de dividendes en 2025.
Oak Valley Bancorp (NASDAQ: OVLY) meldete für das zweite Quartal 2025 einen konsolidierten Nettogewinn von 5,59 Millionen US-Dollar bzw. 0,67 US-Dollar je verwässerter Aktie, was eine Steigerung gegenüber 5,30 Millionen US-Dollar im ersten Quartal 2025, jedoch einen Rückgang gegenüber 5,89 Millionen US-Dollar im zweiten Quartal 2024 darstellt. Das Nettozinsergebnis der Bank stieg auf 18,15 Millionen US-Dollar, angetrieben durch Kreditwachstum und verbesserte Kreditzinsen.
Wichtige Kennzahlen umfassen Gesamtvermögen von 1,92 Milliarden US-Dollar, Bruttokredite von 1,11 Milliarden US-Dollar (ein Anstieg um 18,9 Millionen US-Dollar gegenüber dem Vorquartal) und Einlagen von 1,71 Milliarden US-Dollar. Die Bank hält eine starke Kreditqualität mit null notleidenden Vermögenswerten und einer Rückstellung für Kreditverluste von 1,03 % der Bruttokredite.
Der Vorstand erklärte eine Bardividende von 0,30 US-Dollar je Aktie, zahlbar am 8. August 2025, was die zweite Dividendenausschüttung im Jahr 2025 markiert.
- Net income increased 5.5% QoQ to $5.59 million
- Net interest income grew to $18.15 million, up from $17.81 million in Q1
- Loan portfolio expanded by $18.9 million during Q2
- Zero non-performing assets maintained throughout 2024-2025
- Strong liquidity position with $198.9 million in cash and cash equivalents
- Year-over-year deposit growth of $66.5 million
- Net income decreased 5.1% YoY from $5.89 million in Q2 2024
- Deposits declined $2.4 million from previous quarter
- Non-interest expenses increased to $12.69 million from $11.62 million YoY
- Efficiency ratio deteriorated to 63.90% from 60.97% YoY
OAKDALE, Calif., July 18, 2025 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2025, consolidated net income was
The increase in second quarter net income compared to the prior quarter was the result of loan growth, a rise in the yield of the loan portfolio, and the corresponding increase in interest income. The QTD and YTD decreases compared to the same periods of 2024 were related to an increase in deposit interest expense and general operating expenses.
Net interest income for the three-months ended June 30, 2025 was
"Our solid earnings results reflect our steady and cautious approach to managing our business. The increase in net interest income due to loan growth and stable interest margins demonstrates our ability to navigate changing market conditions. Our commitment to relationship-based deposit growth remains strong, enabling us to maintain a competitive lending strategy and manage profitability,” stated Rick McCarty, President and Chief Operating Officer.
Non-interest income was
Non-interest expense totaled
Total assets were
“We are pleased with the continued expansion of our loan portfolio and the overall strength of our balance sheet. While deposits declined marginally from the previous quarter, our year-over-year deposit trajectory remains on an upward trend,” stated Chris Courtney, CEO. “Our growth is a testament to the unwavering dedication and collaboration of our team members. Their commitment to providing outstanding service to our clients has been instrumental in driving our steady growth and ability to exceed client expectations.”
Non-performing assets (“NPA”) remained at zero as of June 30, 2025, as they were for all of 2025 and 2024. The allowance for credit losses (“ACL”) as a percentage of gross loans decreased slightly to
The Board of Directors of Oak Valley Bancorp at their July 15, 2025, meeting declared the payment of a cash dividend of
Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. The company will open its 19th branch location later this year in Lodi.
For more information, call 1-866-844-7500 or visit www.ovcb.com.
This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.
| Oak Valley Bancorp | ||||||||||||||||
| Financial Highlights (unaudited) | ||||||||||||||||
| Selected Quarterly Operating Data: | 2nd Quarter | 1st Quarter | 4th Quarter | 3rd Quarter | 2nd Quarter | |||||||||||
| ($ in thousands, except per share) | 2025 | 2025 | 2024 | 2024 | 2024 | |||||||||||
| Net interest income | $ | 18,154 | $ | 17,807 | $ | 17,846 | $ | 17,655 | $ | 17,292 | ||||||
| (Reversal of) provision for credit losses | - | - | - | (1,620 | ) | - | ||||||||||
| Non-interest income | 1,703 | 1,613 | 1,430 | 1,846 | 1,760 | |||||||||||
| Non-interest expense | 12,688 | 12,624 | 11,548 | 11,324 | 11,616 | |||||||||||
| Net income before income taxes | 7,169 | 6,796 | 7,728 | 9,797 | 7,436 | |||||||||||
| Provision for income taxes | 1,581 | 1,499 | 1,720 | 2,473 | 1,547 | |||||||||||
| Net income | $ | 5,588 | $ | 5,297 | $ | 6,008 | $ | 7,324 | $ | 5,889 | ||||||
| Earnings per common share - basic | $ | 0.68 | $ | 0.64 | $ | 0.73 | $ | 0.89 | $ | 0.72 | ||||||
| Earnings per common share - diluted | $ | 0.67 | $ | 0.64 | $ | 0.73 | $ | 0.89 | $ | 0.71 | ||||||
| Dividends paid per common share | $ | - | $ | 0.300 | $ | - | $ | 0.225 | $ | - | ||||||
| Return on average common equity | 12.21 | % | 11.58 | % | 12.86 | % | 16.54 | % | 14.19 | % | ||||||
| Return on average assets | 1.18 | % | 1.13 | % | 1.25 | % | 1.56 | % | 1.30 | % | ||||||
| Net interest margin (1) | 4.11 | % | 4.09 | % | 4.00 | % | 4.04 | % | 4.11 | % | ||||||
| Efficiency ratio (2) | 63.90 | % | 65.01 | % | 59.91 | % | 58.07 | % | 60.97 | % | ||||||
| Capital - Period End | ||||||||||||||||
| Book value per common share | $ | 22.17 | $ | 21.89 | $ | 21.95 | $ | 22.18 | $ | 20.55 | ||||||
| Credit Quality - Period End | ||||||||||||||||
| Nonperforming assets / total assets | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||
| Credit loss reserve / gross loans | 1.03 | % | 1.05 | % | 1.04 | % | 1.07 | % | 1.04 | % | ||||||
| Balance Sheet - Period End (in thousands) | ||||||||||||||||
| Total assets | $ | 1,920,909 | $ | 1,924,365 | $ | 1,900,604 | $ | 1,900,455 | $ | 1,840,521 | ||||||
| Gross loans | 1,109,856 | 1,090,953 | 1,106,535 | 1,075,138 | 1,070,036 | |||||||||||
| Nonperforming assets | - | - | - | - | - | |||||||||||
| Allowance for credit losses | 11,430 | 11,448 | 11,460 | 11,479 | 11,121 | |||||||||||
| Deposits | 1,711,241 | 1,713,592 | 1,695,690 | 1,690,301 | 1,644,748 | |||||||||||
| Common equity | 185,805 | 183,520 | 183,436 | 185,393 | 171,799 | |||||||||||
| Balance Sheet - Average (in thousands) | ||||||||||||||||
| Average assets | $ | 1,903,741 | $ | 1,903,585 | $ | 1,909,691 | $ | 1,863,983 | $ | 1,814,643 | ||||||
| Average earning assets | 1,818,430 | 1,814,338 | 1,819,649 | 1,780,056 | 1,737,270 | |||||||||||
| Average equity | 183,612 | 185,592 | 185,345 | 175,693 | 166,429 | |||||||||||
| Non-Financial Data | ||||||||||||||||
| Full-time equivalent staff | 231 | 225 | 223 | 222 | 223 | |||||||||||
| Number of banking offices | 18 | 18 | 18 | 18 | 18 | |||||||||||
| Common Shares outstanding | ||||||||||||||||
| Period end | 8,382,062 | 8,382,062 | 8,357,211 | 8,358,711 | 8,359,556 | |||||||||||
| Period average - basic | 8,245,147 | 8,231,844 | 8,224,504 | 8,221,475 | 8,219,699 | |||||||||||
| Period average - diluted | 8,285,299 | 8,278,301 | 8,278,427 | 8,263,790 | 8,248,295 | |||||||||||
| Market Ratios | ||||||||||||||||
| Stock Price | $ | 27.24 | $ | 24.96 | $ | 29.25 | $ | 26.57 | $ | 24.97 | ||||||
| Price/Earnings | 10.02 | 9.56 | 10.09 | 7.52 | 8.69 | |||||||||||
| Price/Book | 1.23 | 1.14 | 1.33 | 1.20 | 1.22 | |||||||||||
| (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of | ||||||||||||||||
| (2) This ratio was changed to GAAP basis as of the quarter ended December 31, 2024, and all prior periods have been restated accordingly. | ||||||||||||||||
| Profitability | SIX MONTHS ENDED JUNE 30, | |||||||||||||||
| ($ in thousands, except per share) | 2025 | 2024 | ||||||||||||||
| Net interest income | $ | 35,961 | $ | 34,533 | ||||||||||||
| (Reversal of) provision for credit losses | - | - | ||||||||||||||
| Non-interest income | 3,316 | 3,279 | ||||||||||||||
| Non-interest expense | 25,312 | 23,145 | ||||||||||||||
| Net income before income taxes | 13,965 | 14,667 | ||||||||||||||
| Provision for income taxes | 3,080 | 3,051 | ||||||||||||||
| Net income | $ | 10,885 | $ | 11,616 | ||||||||||||
| Earnings per share - basic | $ | 1.32 | $ | 1.41 | ||||||||||||
| Earnings per share - diluted | $ | 1.31 | $ | 1.41 | ||||||||||||
| Dividends paid per share | $ | 0.30 | $ | 0.225 | ||||||||||||
| Return on average equity | 11.89 | % | 14.03 | % | ||||||||||||
| Return on average assets | 1.15 | % | 1.28 | % | ||||||||||||
| Net interest margin (1) | 4.10 | % | 4.10 | % | ||||||||||||
| Efficiency ratio (2) | 64.44 | % | 59.36 | % | ||||||||||||
| Capital - Period End | ||||||||||||||||
| Book value per share | $ | 22.17 | $ | 20.55 | ||||||||||||
| Credit Quality - Period End | ||||||||||||||||
| Nonperforming assets/ total assets | 0.00 | % | 0.00 | % | ||||||||||||
| Credit loss reserve/ gross loans | 1.03 | % | 1.04 | % | ||||||||||||
| Balance Sheet - Period End (in thousands) | ||||||||||||||||
| Total assets | $ | 1,920,909 | $ | 1,840,521 | ||||||||||||
| Gross loans | 1,109,856 | 1,070,036 | ||||||||||||||
| Nonperforming assets | - | - | ||||||||||||||
| Allowance for credit losses | 11,430 | 11,121 | ||||||||||||||
| Deposits | 1,711,241 | 1,644,748 | ||||||||||||||
| Stockholders' equity | 185,805 | 171,799 | ||||||||||||||
| Balance Sheet - Average (in thousands) | ||||||||||||||||
| Average assets | $ | 1,903,663 | $ | 1,819,426 | ||||||||||||
| Average earning assets | 1,816,395 | 1,740,898 | ||||||||||||||
| Average equity | 184,596 | 166,071 | ||||||||||||||
| Non-Financial Data | ||||||||||||||||
| Full-time equivalent staff | 231 | 223 | ||||||||||||||
| Number of banking offices | 18 | 18 | ||||||||||||||
| Common Shares outstanding | ||||||||||||||||
| Period end | 8,382,062 | 8,359,556 | ||||||||||||||
| Period average - basic | 8,238,532 | 8,214,658 | ||||||||||||||
| Period average - diluted | 8,281,819 | 8,246,472 | ||||||||||||||
| Market Ratios | ||||||||||||||||
| Stock Price | $ | 27.24 | $ | 24.97 | ||||||||||||
| Price/Earnings | 10.22 | 8.81 | ||||||||||||||
| Price/Book | 1.23 | 1.22 | ||||||||||||||
| (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of | ||||||||||||||||
| (2) This ratio was changed to GAAP basis as of the year ended December 31, 2024, and the prior period has been restated accordingly. | ||||||||||||||||
| Contact: | Chris Courtney/Rick McCarty |
| Phone: | (209) 848-2265 |
| www.ovcb.com |
FAQ
What were Oak Valley Bancorp's (OVLY) Q2 2025 earnings per share?
What is Oak Valley Bancorp's (OVLY) dividend payment for Q2 2025?
How much did Oak Valley Bancorp's (OVLY) loans grow in Q2 2025?
What is Oak Valley Bancorp's (OVLY) credit quality status as of Q2 2025?
What was Oak Valley Bancorp's (OVLY) net interest margin in Q2 2025?
