Ohio Valley Banc Corp. Reports 4th Quarter Earnings

GALLIPOLIS, Ohio, Jan. 27, 2022 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended December 31, 2021, of $2,304,000, a decrease of $2,396,000 from the same period the prior year. Earnings per share for the fourth quarter of 2021 were $.48 compared to $.98 for the prior year fourth quarter. For the year ended December 31, 2021, net income totaled $11,732,000, an increase of $1,473,000, or 14.4%, from the prior year. Earnings per share were $2.45 for 2021 versus $2.14 for 2020. Return on average assets and return on average equity were .95% and 8.45%, respectively, for the year ended December 31, 2021, compared to .94% and 7.83%, respectively, for the prior year.

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