The credit quality deterioration (NPLs at 1.64%, specific reserves on two commercial loans) is the key risk to watch. Monitor the Q2 2026 charge-off trend and whether the two collateral-dependent loans resolve. The core NIM expansion and loan growth are positive, but credit costs are consuming the benefit.
Price Chart
Executive Summary
Ohio Valley Banc Corp reported Q1 2026 net income of $4.3M, down 2.5% YoY from $4.4M, with EPS of $0.91 vs $0.94. Net interest income grew 13.3% and the net interest margin expanded to 4.01%, but a sharp increase in the provision for credit losses (to $1.6M from $0.4M) on two collateral-dependent loans and rising nonperforming loans (1.64% vs 0.48% a year ago) weighed on results.
Key Financial Metrics
Key Facts
- Q1 2026 net income $4.297M, down 2.5% from $4.406M in Q1 2025
- EPS $0.91 vs $0.94 YoY
- Net interest income rose 13.3% to $14.888M from $13.140M
- Net interest margin expanded to 4.01% from 3.85%
- Provision for credit losses surged to $1.622M from $0.416M, driven by $2.031M specific allocation on two collateral-dependent loans
- Nonperforming loans / total loans rose to 1.64% from 1.40% at Dec 2025 and 0.48% at Mar 2025
- Allowance for credit losses increased to 1.07% of loans from 0.96% at Dec 2025
- Noninterest income fell $358K to $3.288M, primarily due to expiration of a tax processing agreement (-$540K in electronic refund check fees)
- Noninterest expense increased $483K to $11.301M, led by higher salaries (+$335K) and software costs (+$132K)
- Total assets grew $95M to $1.678B, with deposits up $94M and loans up $19M
Financial Impact
Net income decline of $109K (2.5%) YoY; provision for credit losses increased $1.206M; nonperforming loans ratio more than tripled YoY to 1.64%
Risk Factors
- Further credit deterioration on the two collateral-dependent commercial loans could drive additional provisioning
- Expiration of the tax processing agreement permanently reduces noninterest income by ~$540K/quarter
- Rising nonperforming loans may increase FDIC insurance assessments and regulatory scrutiny
- Higher salary and software expenses are pressuring operating leverage
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000894671-26-000030 |
| Document: 0000894671-26-000030-index-headers.html | 0000894671-26-000030 |
| Document: 0000894671-26-000030-index.html | 0000894671-26-000030 |
| Document: 0000894671-26-000030.txt | 0000894671-26-000030 |
| 8-K Data (Synthetic) | 0000894671-26-000030 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $45.91 | awaiting T+60 | — | $47.02 (+2.42%) |
Aug 19, 2026 9w ago | 8-K | $44.71 | awaiting T+60 | — | $47.02 (+5.17%) |
Jul 27, 2026 13w ago | Press Release | $42.80 $45.91 | ▼ −7.27% | ▼ −3.21% | $47.02 (−9.86%) |
Jul 27, 2026 13w ago | 8-K | $42.80 $45.91 | ▼ −7.27% | ▼ −3.21% | $47.02 (−9.86%) |
Jul 14, 2026 14w ago | 8-K | $43.19 $45.72 | ▲ +5.86% | ▲ +2.48% | $47.02 (+8.87%) |
May 15, 2026 23w ago | 8-K | $45.36 $44.17 | ▼ −2.62% | ▼ −7.14% | $47.02 (+3.66%) |
May 12, 2026 23w ago | Insider Cluster | $45.64 $43.73 | ▼ −4.18% | ▼ −8.57% | $47.02 (+3.02%) |
Apr 28, 2026 25w ago | 8-K | $45.80 $42.15 | ▼ −7.97% | ▼ −11.96% | $47.02 (+2.66%) |
Apr 14, 2026 27w ago | 8-K | $45.36 $42.15 | ▼ −7.08% | ▼ −15.61% | $47.02 (+3.65%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers