Ohio Valley Banc (OVBC) investor relations material

Executive summary

• Net income for Q1 2026 was $4,297, down $109 from Q1 2025, with EPS at $0.91 versus $0.94 last year.

• Lower earnings were driven by a $1,206 increase in provision expense due to collateral impairments on two commercial loans.

• Net interest income rose $1,748 (13.3%) year-over-year, aided by 8.6% growth in average earning assets and a 16 bps improvement in net interest margin.

• Noninterest income fell $358, mainly from lower electronic refund check/deposit fees after a tax processing agreement expired.

• Noninterest expense increased $483, primarily due to higher salaries, benefits, and software investments.

Financial highlights

• Total assets reached $1,677,502 at March 31, 2026, up $94,848 from year-end 2025.

• Loans grew by $18,796 (1.6%) to $1,214,814, led by commercial and residential real estate segments.

• Deposits increased $94,007 (7.1%) to $1,423,674, with time deposits up 11.3% and noninterest-bearing deposits up 5.9%.

• Shareholders' equity rose $1,023 to $171,280, reflecting net income offset by higher unrealized losses on AFS securities and dividends.

• Net interest margin improved to 4.01% from 3.85% year-over-year.

Outlook and guidance

• Management expects continued competition for deposits and will focus on core deposit growth and retention.

• Emphasis remains on higher-yielding loan growth, particularly in commercial lending.

• Asset quality and prudent underwriting will remain key priorities.