Ohio Valley Banc Corp. Reports 3rd Quarter Earnings
GALLIPOLIS, Ohio, Oct. 26, 2023 /PRNewswire/ — Ohio Valley Banc Corp. [Nasdaq: OVBC] (the “Company”) reported consolidated net income for the quarter ended September 30, 2023, of $2,251,000, a decrease of $1,439,000 from the same period the prior year. Earnings per share for the third quarter of 2023 were $.47 compared to $.77 for the prior year third quarter. For the nine months ended September 30, 2023, net income totaled $9,408,000, a decrease of $406,000 from the same period the prior year. Earnings per share were $1.97 for the first nine months of 2023 versus $2.06 for the first nine months of 2022. Return on average assets and return on average equity were 1.00% and 9.21%, respectively, for the first nine months of 2023, compared to 1.03% and 9.56%, respectively, for the same period in the prior year.