Oak Valley Bancorp Q3 2026 earnings reach $6.45M

Q: What dividend did OVLY pay in the third quarter of 2026?

Oak Valley Bancorp reported dividends paid of $0.375 per common share in the third quarter of 2026. The results also report $0.375 in the first quarter, no dividend paid in the second quarter, and $0.300 in the third quarter of 2025.

Quarterly net income rose from the prior quarter, while nine-month net income was lower than in the first nine months of 2025.

Filing Impact

(High)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

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Form Type

8-K

Rhea-AI Filing Summary

Oak Valley Bancorp reported third-quarter 2026 consolidated net income of $6.45 million, or $0.77 per diluted share, versus $5.114 million and $0.61 in the prior quarter and $6.693 million and $0.81 a year earlier. Net interest income was $19.802 million and net interest margin was 4.24%, compared with $18.944 million and 4.15% in the prior quarter. Nine-month net income was $16.873 million, versus $17.578 million in 2025. Quarterly net income increased primarily due to higher net interest income and non-interest income and lower non-interest expense; the nine-month decline primarily reflected higher non-interest expense.

At September 30, 2026, total assets were $1,976.174 million, gross loans were $1,154.055 million and deposits were $1,762.583 million. Nonperforming assets were $2.581 million, or 0.13% of total assets, compared with no nonperforming assets a year earlier. The third-quarter provision for credit losses was $42,000 for off-balance-sheet items. The allowance for credit losses was 0.97% of gross loans, versus 1.03% a year earlier; Oak Valley attributed the decrease to a $1.735 million loan charge-off during the second quarter of 2026.

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How the balance works

Positive

Moderate pointThird-quarter net income rose to $6.45 million from $5.114 million in the prior quarter.

Negative

None.

Filing Explained

Oak Valley's results release records dividends paid of $0.375 per common share in the third quarter and $0.75 for the first nine months of 2026, versus $0.60 for the first nine months of 2025.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Third-quarter net income: $6.45 million Diluted earnings per share: $0.77 Net interest income: $19.802 million +5 more

8 metrics

Third-quarter net income $6.45 million Three months ended September 30, 2026; $5.114 million in the prior quarter and $6.693 million a year earlier

Diluted earnings per share $0.77 Three months ended September 30, 2026; $0.61 in the prior quarter and $0.81 a year earlier

Net interest income $19.802 million Three months ended September 30, 2026; $18.944 million in the prior quarter and $19.197 million a year earlier

Net interest margin 4.24% Three months ended September 30, 2026; 4.15% in the prior quarter and 4.16% a year earlier

Total assets $1,976.174 million At September 30, 2026

Gross loans $1,154.055 million At September 30, 2026

Deposits $1,762.583 million At September 30, 2026

Nonperforming assets $2.581 million At September 30, 2026; 0.13% of total assets

Key Terms

net interest margin, allowance for credit losses, non-performing assets, current expected credit loss

4 terms

net interest margin financial

"Net interest margin for the three months ended September 30, 2026 was 4.24%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

allowance for credit losses financial

"The allowance for credit losses ("ACL") as a percentage of gross loans"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

non-performing assets financial

"Non-performing assets were 0.13% of total assets"

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

current expected credit loss financial

"current expected credit loss ("CECL") risk model"

An accounting approach that requires lenders and companies to estimate and record the credit losses they expect on loans and receivables now, using current conditions and reasonable forecasts rather than waiting for a default to occur. It matters to investors because it changes reported reserves and profits up front and gives an earlier, more forward-looking signal of credit quality—like packing an umbrella today because the forecast predicts rain, which affects a company’s cushion against bad loans.

Earnings Snapshot

Net income: $6.45 million

Three months ended September 30, 2026

Net income $6.45 million Up from $5.114 million in the prior quarter; down from $6.693 million a year earlier

Diluted earnings per share $0.77 Up from $0.61 in the prior quarter; down from $0.81 a year earlier

Net interest income $19.802 million Compared with $18.944 million in the prior quarter and $19.197 million a year earlier

Net interest margin 4.24% Compared with 4.15% in the prior quarter and 4.16% a year earlier

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were OVLY's third-quarter 2026 earnings?

Oak Valley Bancorp reported third-quarter 2026 net income of $6.45 million, or $0.77 per diluted share. Net income was $5.114 million, or $0.61 per diluted share, in the prior quarter and $6.693 million, or $0.81 per diluted share, a year earlier.

What dividend did OVLY pay in the third quarter of 2026?

Oak Valley Bancorp reported dividends paid of $0.375 per common share in the third quarter of 2026. The results also report $0.375 in the first quarter, no dividend paid in the second quarter, and $0.300 in the third quarter of 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

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Available on EDGAR 10/23/2026 - 02:10 PM EDT Accepted by SEC EDGAR 10/23/2026 - 02:09 PM EDT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.

Date of Report: October 21, 2026
(Date of earliest event reported)

Oak Valley Bancorp
(Exact name of registrant as specified in its charter)

CA (State or other jurisdiction of incorporation)	001-34142 (Commission File Number)	26-2326676 (IRS Employer Identification Number)

125 N. Third Ave. Oakdale, CA (Address of principal executive offices)	95361 (Zip Code)

(209) 848-2265
(Registrant's telephone number, including area code)

Not Applicable
(Former Name or Former Address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	OVLY	The Nasdaq Stock Market, LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On October 21, 2026, Oak Valley Bancorp issued a press release, a copy of which is attached as Exhibit 99.1 and incorporated herein by reference. The press release announced the Company’s operating results for the three and nine-months ended September 30, 2026.

The information in this Item 2.02 in this Form 8-K and the Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.

Item 7.01. Regulation FD Disclosure.

See “Item 2.02. Results of Operations and Financial Condition” which is incorporated by reference in this Item 7.01.

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:

None

(b) Pro forma financial information:

None

(c) Shell company transactions:

None

(d) Exhibits

99.1

Press Release of Oak Valley Bancorp dated October 21, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 23, 2026
	OAK VALLEY BANCORP

	By:	/s/ Jeffrey A. Gall
		Jeffrey A. Gall
		Executive Vice President and Chief Financial Officer
	(Principal Financial Officer and duly authorized signatory)

Exhibit Index
Exhibit No.	Description

99.1	Press Release of Oak Valley Bancorp dated October 21, 2026

104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

Exhibit 99.1

PRESS RELEASE

For Immediate Release

Date:	October 21, 2026
Contact:	Rick McCarty/Jeff Gall
Phone:	(209) 848-2265
	www.ovcb.com

OAK VALLEY BANCORP REPORTS 3rd QUARTER RESULTS

OAKDALE, CA - 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 September 30, 2026, consolidated net income was $6,450,000, or $0.77 per diluted share (EPS), as compared to $5,114,000, or $0.61 EPS, for the prior quarter and $6,693,000, or $0.81 EPS, for the same period a year ago. Consolidated net income for the nine months ended September 30, 2026 was $16,873,000, or $2.02 EPS, compared to $17,578,000, or $2.12 EPS, for the same period of 2025.

The increase in third quarter net income compared to the prior quarter was primarily due to an increase in net interest income, a decrease in non-interest expense, and an increase in non-interest income. Year-to-date net income decreased compared to 2025 primarily due to an increase in non-interest expense, partially offset by increases in net interest income and non-interest income.

Net interest income for the three months ended September 30, 2026 was $19,802,000, compared to $18,944,000 in the prior quarter and $19,197,000 in the same period a year ago. The increase in net interest income over the prior periods was driven by growth in average earning assets and an increase in the yield on average earning assets. Net interest margin for the three months ended September 30, 2026 was 4.24%, compared to 4.15% for the prior quarter and 4.16% for the same period last year.

Non-interest income was $1,851,000 for the quarter ended September 30, 2026, compared to $1,665,000 for the prior quarter and $1,973,000 for the same period last year. The increase compared to the prior period was primarily due to an increase in debit card transaction fee income, and dividends received from the Federal Home Loan Bank. The decrease compared to the same period of 2025 was mainly due to a one-time gain from the redemption of a life insurance policy recorded in 2025.

Non-interest expense totaled $13,420,000 for the quarter ended September 30, 2026, compared to $14,157,000 in the prior quarter and $12,700,000 in the same quarter a year ago. The decrease compared to the prior quarter is due to a one-time benefit expense recorded during the prior quarter for accelerated vesting of certain restricted stock awards. The increase over the same period a year ago reflects staffing expenses and general operating costs related to supporting the Company's growth and expanded branch network.

“We are pleased with our third-quarter operating results, highlighted by stronger net interest income and expanded net interest margin,” stated Rick McCarty, President and Chief Executive Officer. “These results reflect the strength of our core banking franchise and our team’s disciplined approach to balance sheet management.”

Total assets were $1.98 billion at September 30, 2026, a decrease of $25,404,000 from June 30, 2026 and $19,242,000 from September 30, 2025. Gross loans were $1.15 billion at September 30, 2026, a decrease of $11,660,000 from June 30, 2026 and an increase of $41,226,000 over September 30, 2025. The Company's total deposits were $1.76 billion as of September 30, 2026, essentially unchanged from June 30, 2026 and a decrease of $12,299,000 from September 30, 2025. Our liquidity position remains strong, as evidenced by $179,669,000 in cash and cash equivalent balances at September 30, 2026.

Non-performing assets ("NPA") totaled $2,581,000 as of September 30, 2026, compared to $2,631,000 at June 30, 2026 and no NPA at September 30, 2025. The Company recorded a provision for credit losses of $42,000 during the third quarter related to off-balance-sheet-items as determined by macro-economic conditions and other credit-related factors within our current expected credit loss (“CECL”) risk model. Non-performing assets were 0.13% of total assets at September 30, 2026, consistent with June 30, 2026. The allowance for credit losses ("ACL") as a percentage of gross loans was 0.97% at September 30, 2026, compared to 0.96% at June 30, 2026 and 1.03% at September 30, 2025. The ACL decrease compared to the prior year is a result of the $1,735,000 loan charge-off during the second quarter of 2026.

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 businesses and individuals. They currently operate through 19 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Lodi, two branches in Sonora, three branches in Modesto, and three branches in the Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop.

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:	3rd Quarter			2nd Quarter			1st Quarter			4th Quarter			3rd Quarter
($ in thousands, except per share)	2026			2026			2026			2025			2025

Net interest income	$	19,802		$	18,944		$	18,824		$	19,457		$	19,197
Provision for (reversal of) credit losses		42			21			464			865			(60	)
Non-interest income		1,851			1,665			1,952			1,825			1,973
Non-interest expense		13,420			14,157			13,506			12,262			12,700
Net income before income taxes		8,191			6,431			6,806			8,155			8,530
Provision for income taxes		1,741			1,317			1,497			1,820			1,837
Net income	$	6,450		$	5,114		$	5,309		$	6,335		$	6,693

Earnings per common share - basic	$	0.78		$	0.62		$	0.64		$	0.77		$	0.81
Earnings per common share - diluted	$	0.77		$	0.61		$	0.64		$	0.76		$	0.81
Dividends paid per common share	$	0.375		$	-		$	0.375		$	-		$	0.300
Return on average common equity		12.16	%		9.74	%		10.23	%		12.32	%		14.30	%
Return on average assets		1.28	%		1.04	%		1.07	%		1.25	%		1.35	%
Net interest margin (1)		4.24	%		4.15	%		4.12	%		4.14	%		4.16	%
Efficiency ratio (2)		60.15	%		66.46	%		62.99	%		55.94	%		58.27	%

Capital - Period End
Book value per common share	$	22.70		$	25.80		$	24.50		$	24.79		$	23.63

Credit Quality - Period End
Nonperforming assets / total assets		0.13	%		0.13	%		0.23	%		0.23	%		0.00	%
Credit loss reserve / gross loans		0.97	%		0.96	%		1.13	%		1.08	%		1.03	%

Balance Sheet - Period End (in thousands)
Total assets	$	1,976,174		$	2,001,578		$	2,010,299		$	2,023,116		$	1,995,416
Gross loans		1,154,055			1,165,715			1,147,451			1,143,930			1,112,829
Nonperforming assets		2,581			2,631			4,574			4,587			-
Allowance for credit losses		11,214			11,172			12,910			12,381			11,420
Deposits		1,762,583			1,763,551			1,780,996			1,792,962			1,774,882
Common equity		191,099			217,034			206,154			207,975			198,280

Balance Sheet - Average (in thousands)
Average assets	$	1,999,329		$	1,980,142		$	2,006,175		$	2,013,766		$	1,961,374
Average earning assets		1,902,124			1,884,736			1,905,874			1,914,907			1,876,588
Average equity		210,369			210,662			210,562			203,994			185,638

Non-Financial Data
Full-time equivalent staff		247			246			244			238			237
Number of banking offices		19			19			19			19			18

Common Shares outstanding
Period end		8,419,978			8,413,458			8,413,458			8,388,221			8,390,621
Period average - basic		8,290,685			8,272,810			8,257,567			8,249,256			8,246,666
Period average - diluted		8,348,220			8,333,393			8,322,124			8,304,597			8,299,039

Market Ratios
Stock Price	$	33.67		$	33.75		$	32.43		$	30.06		$	28.17
Price/Earnings		10.91			13.61			12.44			9.87			8.75
Price/Book		1.48			1.31			1.32			1.21			1.19

(1)

This is a non-GAAP measure that is computed on a fully tax equivalent basis using a federal tax rate of 21%. The resulting adjustment to net interest income is $536 thousand, $546 thousand, $539 thousand, $509 thousand, and $501 thousand for the three-months ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, respectively.

(2)

This is a non-GAAP measure that is computed on a fully tax equivalent basis using a federal tax rate of 21%, and a federal/state combined tax rate of 29.56%. The resulting adjustment to pre-tax income is $659 thousand, $694 thousand, $666 thousand, $639 thousand, and $626 thousand for the three-months ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, respectively.

Profitability	NINE MONTHS ENDED SEPTEMBER 30,
($ in thousands, except per share)	2026			2025

Net interest income	$	57,570		$	55,158
Provision for (reversal of) credit losses		527			459
Non-interest income		5,468			5,289
Non-interest expense		41,083			37,493
Net income before income taxes		21,428			22,495
Provision for income taxes		4,555			4,917
Net income	$	16,873		$	17,578

Earnings per share - basic	$	2.04		$	2.13
Earnings per share - diluted	$	2.02		$	2.12
Dividends paid per share	$	0.750		$	0.600
Return on average equity		10.72	%		12.71	%
Return on average assets		1.13	%		1.22	%
Net interest margin (3)		4.17	%		4.12	%
Efficiency ratio (4)		63.15	%		60.17	%

Capital - Period End
Book value per share	$	22.70		$	23.63

Credit Quality - Period End
Nonperforming assets/ total assets		0.13	%		0.00	%
Credit loss reserve/ gross loans		0.97	%		1.03	%

Balance Sheet - Period End (in thousands)
Total assets	$	1,976,174		$	1,995,416
Gross loans		1,154,055			1,112,829
Nonperforming assets		2,581			-
Allowance for credit losses		11,214			11,420
Deposits		1,762,583			1,774,882
Stockholders' equity		191,099			198,280

Balance Sheet - Average (in thousands)
Average assets	$	1,995,190		$	1,923,112
Average earning assets		1,897,564			1,836,679
Average equity		210,530			184,947

Non-Financial Data
Full-time equivalent staff		247			237
Number of banking offices		19			18

Common Shares outstanding
Period end		8,419,978			8,390,621
Period average - basic		8,273,809			8,241,273
Period average - diluted		8,334,675			8,287,622

Market Ratios
Stock Price	$	33.67		$	28.17
Price/Earnings		12.35			9.88
Price/Book		1.48			1.19

(3)	This is a non-GAAP measure that is computed on a fully tax equivalent basis using a federal tax rate of 21%. The resulting adjustment to net interest income is $1.621 million and $1.496 million for the nine months ended September 30, 2026 and 2025, respectively.
(4)	This is a non-GAAP measure that is computed on a fully tax equivalent basis using a federal tax rate of 21%, and a federal/state combined tax rate of 29.56%. The resulting adjustment to pre-tax income is $2.018 million and $1.868 million for the nine months ended September 30, 2026 and 2025, respectively.

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EXHIBIT 99.1 339.4 KB

Oak Valley Bancorp Q3 2026 earnings reach $6.45M

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Filing Explained

8-K Event Classification

Key Figures

Key Terms

Earnings Snapshot

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What were OVLY's third-quarter 2026 earnings?

What dividend did OVLY pay in the third quarter of 2026?

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