News about Oak Valley Bancorp

Oak Valley Bancorp (NASDAQ: OVLY) reported net income of $6,450,000, or $0.77 per diluted share, for the third quarter of 2026, up from $5,114,000 ($0.61 per share) in the prior quarter but down from $6,693,000 ($0.81) a year earlier. Net income for the nine months ended September 30, 2026 totaled $16,873,000, compared with $17,578,000 in the same period of 2025. Net interest income reached $19,802,000 and net interest margin widened to 4.24% on growth in average earning assets and higher yields. Non-interest expense fell to $13,420,000 from the prior quarter, which included a one-time expense tied to accelerated vesting of certain restricted stock awards. Total assets were $1.98 billion, gross loans $1.15 billion, and non-performing assets 0.13% of total assets as of September 30, 2026.