#United States #earnings report #Fiscal Year 2025 #Gallipolis #Ohio Valley Banc

Ohio Valley Banc Corp. Financial Results Overview

Ohio Valley Banc Corp. has released its financial performance report for the fourth quarter and the entire fiscal year of 2025. The company's results reveal significant growth, with a consolidated net income for the quarter ending December 31, 2025, totaling $3,955,000, a remarkable increase of 57.3% compared to the previous year's quarter. This translates to earnings per share rising to $0.84, up from $0.53 in the same period last year. In total, for the year ended December 31, 2025, net income reached $15,601,000, marking an increase of 41.8% from 2024.

Key Financial Highlights

The growth in earnings per share for 2025 was $3.31, up from $2.32 in the prior year. The company also improved its return on average assets to 1.02% and return on average equity to 9.83%, both substantial increases over the previous year's ratios of 0.77% and 7.50%, respectively.

Larry Miller, President and CEO of Ohio Valley Banc Corp., expressed enthusiasm for the results, emphasizing the company's commitment to its customers and community. He stated, "As we look forward to celebrating America's 250th birthday, we also celebrate our record earnings—an accomplishment made possible through the loyalty of our shareholders and the dedication of our employees."

Growth Factors

During the fourth quarter, net interest income surged by $2,403,000, contributing to an annual increase of $8,941,000 in net interest income. The growth in earnings assets averaged $103 million more than the previous year, with notable increases in commercial real estate, commercial and industrial, and residential real estate lending.

Ohio Valley Banc Corp. has also strategically shifted its focus towards more profitable lending segments, reducing emphasis on consumer loans. This change has proved fruitful, as evidenced by the success of the Sweet Home Ohio deposit account program, which incentivizes savings for home purchases.

Assets and Deposits

As of December 31, 2025, Ohio Valley Banc Corp.’s total assets rose to $1.583 billion, reflecting an increase of $79 million from the previous year. Loans increased substantially by $134 million, or 12.6% over the past year, primarily funded by a rise in deposits, which saw an increase of $54 million.

The total number of Sweet Home Ohio accounts opened increased from $6.8 million to $9.5 million, underscoring the program's popularity among customers. However, the aggregate amount deposited by the Ohio Treasurer did see a reduction from $97.4 million to $69.9 million, which had been a significant contributor to the growth of securities.

Noninterest Income and Expenses

In terms of noninterest income, the company experienced a drop of $3,192,000 for the fourth quarter compared to the previous year, mainly attributed to losses on securities sales. Notably, the company sold $25.9 million in securities at a loss of $2,528,000 but plans to reinvest the proceeds into longer-duration securities expected to yield 4.59%.

Despite the decrease in noninterest income, noninterest expenses were down $2,453,000, significantly due to the prior year's one-time costs associated with an early retirement program. The company is witnessing benefits from operational efficiencies and cost savings initiatives, which have collectively boosted its bottom line.

Looking Forward

Ohio Valley Banc Corp. is optimistic about its financial trajectory and remains committed to the principles of growth and community service. The careful balancing of loan portfolios, aiming for profitability, and prudent management of deposits, paired with strategic cost reductions has poised the company for sustained success in 2026 and beyond.

For continued updates and more information regarding the company's performance, shareholders and interested parties can visit their official website.