Ohio Valley Banc Q1 FY26 net income falls 2.54% to $4.3 million

• Ohio Valley Banc reported Q1 net income of $4.3 million, down 2.47% from a year earlier; EPS slipped to $0.91 from $0.94.
• Provision for credit losses rose to $1.62 million, up $1.21 million year over year, driven by a $2.03 million specific allocation tied to collateral impairments on two commercial loan relationships.
• Net interest income climbed $1.75 million, up 13.3%, while net interest margin widened 16 basis points to 4.01%.
• Noninterest income fell $358,000, down 9.8%, on a $540,000 drop in electronic refund check and deposit fees tied to expiration of a tax processing agreement.
• Total assets increased to $1.68 billion from year-end 2025, with deposits up 7.1% and loans rising 1.6%; allowance for credit losses on loans rose to $12.94 million, or 1.07% of total loans.

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