Monitor expense trajectory — the 13.8% YoY increase in non-interest expense is outpacing revenue growth and compressing margins. The efficiency ratio at 66.46% is the highest in five quarters, signaling cost creep. Watch for any guidance on expense management or branch rationalization in upcoming quarters.
Price Chart
Executive Summary
Oak Valley Bancorp (OVLY) reported Q2 2026 EPS of $0.61, down 8.9% YoY from $0.67, and net income of $5.1M vs $5.6M a year ago. Net interest income grew 4.4% YoY to $18.9M, but non-interest expense rose 13.8% YoY, compressing margins. The bank declared a $0.375/share dividend, and non-performing assets improved to 0.13% of total assets from 0.23% last quarter.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.61, down from $0.67 YoY (-8.9%)
- Net income $5.1M vs $5.6M YoY (-8.5%)
- Net interest income $18.9M, up 4.4% YoY
- Non-interest expense $14.2M, up 13.8% YoY
- Efficiency ratio deteriorated to 66.46% from 60.75% YoY
- Non-performing assets improved to 0.13% of total assets from 0.23% QoQ
- Declared $0.375/share dividend, payable August 14, 2026
- Gross loans grew $55.9M over prior twelve months to $1.17B
- Net interest margin stable at 4.15% vs 4.11% YoY
Financial Impact
EPS declined 8.9% YoY; net income down 8.5%; non-interest expense up 13.8% YoY
Risk Factors
- Rising non-interest expense outpacing revenue growth
- Efficiency ratio deterioration to 66.46% from 60.75% YoY
- Allowance for credit losses declined to 0.96% from 1.03% YoY despite a $1.7M charge-off
- Deposits declined $17.4M QoQ
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3331813 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 8-K | $33.81 | awaiting T+60 | — | $34.11 (+0.89%) |
Oct 21, 2026 4d ago | Press Release | $34.25 | awaiting T+60 | — | $34.11 (−0.41%) |
Jul 23, 2026 13w ago | 8-K | $32.26 $33.55 | ▼ −4.00% | ▲ +0.55% | $34.11 (−5.73%) |
Jul 22, 2026 13w ago | Press Release | $32.26 $33.55 | ▼ −4.00% | ▲ +0.55% | $34.11 (−5.73%) |
May 29, 2026 21w ago | Insider Cluster | $32.88 $34.07 | ▲ +3.62% | ▲ +2.39% | $34.11 (+3.74%) |
May 5, 2026 24w ago | Insider Cluster | $33.09 $33.41 | ▲ +0.97% | ▼ −1.77% | $34.11 (+3.08%) |
Apr 29, 2026 25w ago | Insider Cluster | $33.16 $32.61 | ▼ −1.66% | ▼ −5.77% | $34.11 (+2.86%) |
Apr 23, 2026 26w ago | 8-K | $33.99 $33.08 | ▲ +2.68% | ▲ +7.70% | $34.11 (−0.35%) |
Apr 22, 2026 26w ago | Press Release | $33.99 $33.08 | ▼ −2.68% | ▼ −7.70% | $34.11 (+0.35%) |
US Market Status
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