Ohio Valley Banc Corp. Reports 2nd Quarter Earnings

GALLIPOLIS, Ohio, July 27, 2023 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended June 30, 2023, of $3,249,000, an increase of $1,250,000 from the same period the prior year. Earnings per share for the second quarter of 2023 were $.68 compared to $.42 for the prior year second quarter. For the six months ended June 30, 2023, net income totaled $7,157,000, an increase of $1,033,000, or 16.9%, from the same period the prior year. Earnings per share were $1.50 for the first six months of 2023 versus $1.29 for the first six months of 2022. Return on average assets and return on average equity were 1.16% and 10.63%, respectively, for the first half of 2023, compared to .98% and 8.87%, respectively, for the same period in the prior year.

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