Oak Valley Bancorp Reports 3rd Quarter Results

December 15, 2023

https://www.globenewswire.com/news-release/2023/10/19/2763767/0/en/Oak-Valley-Bancorp-Reports-3rd-Quarter-Results.html

OAKDALE, Calif., Oct. 19, 2023 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ:OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended September 30, 2023, consolidated net income was $7,354,000, or $0.89 per diluted share (EPS), as compared to $8,404,000, or $1.02 EPS, for the prior quarter and $6,800,000, or $0.83 EPS, for the same period a year ago. Consolidated net income for the nine months ended September 30, 2023 was $24,983,000, or $3.04 EPS, compared to $13,427,000 or $1.64 EPS for the same period of 2022.

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