Ohio Valley Banc Corp. Reports 4th Quarter and Fiscal Year Earnings

GALLIPOLIS, Ohio, Jan. 25, 2024 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended December 31, 2023, of $3,223,000, a decrease of $301,000 from the same period the prior year. Earnings per share for the fourth quarter of 2023 were $.68 compared to $.74 for the prior year fourth quarter. For the year ended December 31, 2023, net income totaled $12,631,000, a decrease of $707,000, or 5.3%, from the same period the prior year. Earnings per share were $2.65 for 2023 versus $2.80 for 2022. Return on average assets and return on average equity were .99% and 9.24%, respectively, for the year ended December 31, 2023, compared to 1.06% and 9.86%, respectively, for the same period in the prior year.

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