Ohio Valley Banc Corp. (OVBC) reported a consolidated net income of $4.2 million for the second quarter ending June 30, 2025, a 41.7% increase from $2.9 million a year ago. Earnings per share (EPS) rose 41.3% to $0.89, compared to $0.63 the previous year. For the first half of 2025, net income increased 49.5% to $8.6 million and EPS was $1.83, up 51.2% from $1.21.
Although shares of OVBC have declined 6.6% since the earnings report, the company saw a significant increase in net interest income, particularly from commercial real estate and industrial lending. Net interest margin improved to 4.17% from 3.74% year-over-year. The provision for credit losses rose to $1.1 million, up from $0.2 million, attributed to increased loan balances.
During the quarter, OVBC experienced a loan growth of $58 million, recovering from a $19 million decline in the previous quarter. Despite the stock’s performance lagging behind the S&P 500 Index, which only lost 0.3% in the same period, the bank’s operational efficiency improved with the efficiency ratio decreasing to 63.09% from 73.37% a year ago.
