Monitor NPA trends and credit quality in upcoming quarters — the emergence of $2.58M in non-performing assets from zero a year ago warrants attention despite still-low 0.13% ratio. Net interest margin expansion to 4.24% is a positive offset, but deposit stability and loan growth trajectory will determine if the margin improvement is sustainable.
Price Chart
Executive Summary
Oak Valley Bancorp reported Q3 2026 net income of $6.45M ($0.77 diluted EPS), up 26% from the prior quarter but down 4% YoY from $6.69M ($0.81 EPS). Net interest margin expanded to 4.24% from 4.15% last quarter, driven by earning asset growth and higher yields. However, non-performing assets emerged at $2.58M (0.13% of assets) vs zero a year ago, and year-to-date net income declined 4% YoY due to higher non-interest expense.
Key Financial Metrics
Key Facts
- Q3 2026 net income $6.45M ($0.77 diluted EPS) vs $5.11M ($0.61) prior quarter and $6.69M ($0.81) year ago
- Net interest margin expanded to 4.24% from 4.15% prior quarter and 4.16% year ago
- Net interest income $19.80M, up 4.5% QoQ and 3.2% YoY
- Non-interest expense $13.42M, down 5.2% QoQ but up 5.7% YoY
- Non-performing assets $2.58M (0.13% of assets) vs zero at Q3 2025
- Allowance for credit losses 0.97% of gross loans vs 1.03% year ago
- Total deposits $1.76B, essentially flat QoQ and down 0.7% YoY
- Gross loans $1.15B, down 1.0% QoQ but up 3.7% YoY
- Book value per share $22.70 vs $23.63 year ago
- Year-to-date net income $16.87M ($2.02 diluted EPS) vs $17.58M ($2.12) in 2025
Financial Impact
Q3 net income $6.45M vs $6.69M YoY (-3.6%); net interest margin +8bp QoQ to 4.24%; NPA emergence to 0.13% from zero
Risk Factors
- Non-performing assets emerged at $2.58M vs zero a year ago, signaling potential credit deterioration
- Year-to-date net income down 4% YoY on higher non-interest expense
- Deposits declined $12.3M YoY and loans declined QoQ, suggesting muted balance sheet growth
- Allowance for credit losses as % of gross loans declined to 0.97% from 1.03% year ago despite NPA emergence
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3385938 |
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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