Ohio Valley Banc Corp. filed an 8-K with the SEC on October 27, 2026, disclosing its results of operations and financial condition for the quarter and nine months ended September 30, 2026.

Key Highlights

  • Q3 2026 net income: $3,295,000, up $265,000, or 8.7%, from the third quarter of 2025.
  • Q3 2026 earnings per share: $0.70, compared to $0.64 in the prior-year third quarter.
  • Nine-month net income: $10,519,000, a decrease of $1,127,000, or 9.7%, from the same period in 2025.
  • Provision for credit losses: $8,202,000 for the nine months ended September 30, 2026, an increase of $5,526,000 from the same period last year.
  • Net interest margin: 4.03% for Q3 2026, down from 4.05% in Q3 2025; 3.99% for the first nine months of 2026, down from 4.03% for the same period in 2025.
  • Nonperforming loans to total loans: 1.09% at September 30, 2026, compared to 1.40% at December 31, 2025, and 0.42% at September 30, 2025.
  • Average loan growth: Average loans increased $140 million for the nine months ended September 30, 2026, compared to the same period last year.

Ohio Valley Banc Reports Mixed Third-Quarter Results Amid Elevated Credit Losses

According to the filing, Ohio Valley Banc Corp. (NASDAQ:OVBC) reported consolidated net income of $3,295,000 for the quarter ended September 30, 2026, representing an 8.7% increase from the same quarter of 2025. For the nine months ended September 30, 2026, however, net income declined to $10,519,000, a decrease of $1,127,000, or 9.7%, from the prior-year period. Earnings per share for the first nine months of 2026 were $2.23, compared to $2.47 for the same period in 2025. Return on average assets and return on average equity were 0.85% and 8.14%, respectively, for the first nine months of 2026, compared to 1.03% and 9.95% for the same period in 2025, according to the filing.

The filing attributed the year-to-date earnings decline primarily to credit-related losses. For the nine months ended September 30, 2026, the provision for credit losses totaled $8,202,000, driven by year-to-date net charge-offs of $6,783,000, a specific allocation of $3,278,000 on a collateral dependent loan to construct a hotel, and additional reserves tied to a $52 million year-to-date increase in loan balances. Quarter-to-date net charge-offs of $6,357,000 included $3,284,000 related to the conversion of a specific allocation on a collateral dependent loan to an automobile dealership to charge-off status and $2,818,000 related to recording a foreclosed commercial real estate asset at fair value. The allowance for credit losses stood at 1.05% of total loans at September 30, 2026, compared to 0.96% at December 31, 2025.

On the revenue side, the filing reported that net interest income increased $3,882,000 for the nine months ended September 30, 2026, from the same period last year, driven by growth in average earning assets of $143 million, largely within commercial lending. The growth was funded primarily through promotional certificate of deposit and money market offerings, with average certificate of deposit balances rising $125 million and average money market balances rising $28 million from the prior-year period. Noninterest income for the nine months ended September 30, 2026, increased $1,319,000 from the same period in 2025, with contributions from a $395,000 gain on equity securities and a $146,000 increase in bank owned life insurance income, partially offset by a $676,000 decrease in electronic refund check and deposit fees due to the expiration of a tax processing agreement.

What Was Disclosed

Ohio Valley Banc Corp. disclosed its Q3 and nine-month 2026 financial results via an 8-K filed October 27, 2026, covering net income, earnings per share, credit quality, net interest margin, and noninterest income and expense for periods ending September 30, 2026.