Ohio Valley Banc (OVBC) Q2 2025 earnings summary

Executive summary

• Net income for Q2 2025 rose to $4.21M, up 41.7% year-over-year; EPS increased to $0.89 from $0.63.

• Six-month net income reached $8.62M, up 49.5% from the prior year; EPS for the period was $1.83 versus $1.21.

• Growth in average earning assets and higher net interest income, aided by participation in the Ohio Homebuyer Plus Program and focus on commercial and real estate lending, drove improved results.

• Noninterest income increased for the quarter and YTD, led by higher card interchange and other fee income.

• Asset growth was primarily in loans and securities, with commercial lending as a key driver.

Financial highlights

• Net interest income rose 21.5% to $14.54M for Q2 2025 and 19.5% to $27.68M for the first half; Q2 increase was $2.57M year-over-year.

• Net interest margin improved to 4.17% for Q2 2025 (from 3.74%); YTD margin at 4.01% (up from 3.68%).

• Noninterest expense grew for the quarter and YTD, mainly from data processing and marketing.

• Return on assets improved to 1.16% YTD, up from 0.84%; return on equity rose to 11.30%, up from 8.01%.

• Book value per share at June 30, 2025 was $34.12, up from $30.94 a year earlier.

Outlook and guidance

• Management will continue to emphasize commercial lending, core deposit growth, and benefits from the Ohio Homebuyer Plus Program.

• Focus remains on investing in higher-yielding assets and managing funding costs to support margin.

• Asset quality and prudent underwriting remain priorities as economic conditions evolve.

• Forward-looking statements caution about economic, regulatory, and competitive risks.