Oak Valley Bancorp Q2 FY26 net income falls 3.67% to $5.11 million; diluted EPS slips to $0.61
OVLY•Q2 profit and EPS decline slightly
Oak Valley Bancorp posted Q2 net income of $5.11 million, down 3.67% from Q1; diluted EPS slipped to $0.61 from $0.64.
Net interest income and margin edge higher
Net interest income edged up to $18.94 million from $18.82 million, lifting net interest margin to 4.15% from 4.12%.
Expenses rise while non-interest income falls
Non-interest expense climbed to $14.16 million from $13.51 million, while non-interest income fell to $1.67 million from $1.95 million.
Assets and loans move in opposite directions; dividend declared
Total assets eased to $2.00 billion from $2.01 billion; gross loans rose to $1.17 billion from $1.15 billion.
The board declared a $0.375 per-share cash dividend payable Aug. 14 to holders of record Aug. 3, totaling about $3.16 million.
