Oak Valley Bancorp (OVLY) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $6.450 million, or $0.77 diluted EPS, up from $5.114 million and $0.61 in Q2; below Q3 2025’s $6.693 million and $0.81.

• Q3 results improved QoQ on higher net interest income and non-interest income, plus lower non-interest expense; 9M net income declined YoY, mainly on higher non-interest expense.

• Q3 net interest margin expanded to 4.24% from 4.15% in Q2 and 4.16% in Q3 2025.

Financial highlights

• Q3 net interest income was $19.802 million, versus $18.944 million QoQ and $19.197 million YoY; growth reflected higher average earning assets and yield.

• Q3 non-interest income was $1.851 million, up from $1.665 million QoQ and down from $1.973 million YoY; prior-year income included a one-time life insurance redemption gain.

• Q3 non-interest expense was $13.420 million, down from $14.157 million QoQ and up from $12.700 million YoY.

• 9M net interest income was $57.570 million vs. $55.158 million in 2025; net income was $16.873 million vs. $17.578 million, and diluted EPS was $2.02 vs. $2.12.

• Q3 assets totaled $1.976 billion; gross loans were $1.154 billion and deposits were $1.763 billion.

Key financial ratios and metrics

• Q3 return on average equity was 12.16%, return on average assets 1.28%, net interest margin 4.24%, and efficiency ratio 60.15%.

• 9M return on average equity was 10.72% vs. 12.71% in 2025; return on average assets was 1.13% vs. 1.22%.

• 9M net interest margin was 4.17% vs. 4.12% in 2025; efficiency ratio was 63.15% vs. 60.17%.

• Cash and cash equivalents were $179.669 million at September 30, 2026; nonperforming assets were 0.13% of total assets.