Ohio Valley Banc lifts third-quarter net income 8.7% year on year

what happened

Ohio Valley Banc Corp. (Nasdaq: OVBC) reported through PRNewswire that its net income for the quarter ended September 30, 2026, reached $3,295,000. That is $265,000, or 8.7%, higher than a year earlier. Earnings per share rose to $0.70 from $0.64. For the nine months, net income came to $10,519,000, down $1,127,000, or 9.7%, and earnings per share were $2.23 against $2.47.

Net interest income grew $1,271,000 in the quarter and $3,882,000 over nine months, mainly because average earning assets expanded. Still, the net interest margin narrowed to 4.03% from 4.05% in the third quarter and to 3.99% from 4.03% year to date, as funding costs rose faster than asset yields. The bank relied on promotional offers for certificates of deposit and money market accounts to fund loan growth.

The provision for credit losses was $2,825,000 in the quarter, up $1,713,000 from a year earlier, after net charge-offs of $6,357,000. Nonperforming loans stood at 1.09% of total loans. The company attributed its weaker year-to-date results mainly to losses on a limited number of commercial credits.

why it matters

For markets, this is a small regional lender's report with little effect on broader indices. It does illustrate a pressure many regional banks face: costlier deposits squeeze margins while credit provisions rise on troubled commercial loans.

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