Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banking and Consumer Finance. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit. The company also provides various residential real estate loans, including one-to four-family residential mortgages; commercial loans for securing equipment, inventory, stock, commercial real estate, and rental property; and consumer loans secured by automobiles, mobile homes, recreational vehicles, and other personal property, as well as personal loans, unsecured credit card receivables, floor plan and student loans, and construction loans. In addition, it offers safe deposit boxes, wire transfers, credit card services, and Internet banking services; and financial management online services, such as cash management and news updates related to repossession auctions, current rates, and general bank news. Further, the company provides automatic teller machine (ATM) services, consumer finance, seasonal tax preparation services, and commercial property and various liability insurance services, as well as trust and online-only consumer direct mortgage services. It operated 15 offices in Ohio and West Virginia; and six consumer finance offices in Ohio. The company owns and operates thirty-five ATMs, including twenty off-site ATMs. Ohio Valley Banc Corp. was founded in 1872 and is headquartered in Gallipolis, Ohio.
IPO Year:
Exchange: NASDAQ
Website: ovbc.com
GALLIPOLIS, Ohio, April 25, 2025 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended March 31, 2025, of $4,406,000, an increase of $1,613,000, or 57.8%, from the same period the prior year. Earnings per share for the first quarter of 2025 were $.94, compared to $.58 for the first quarter of 2024. Return on average assets and return on average equity were 1.20% and 11.82%, respectively, for the first quarter of 2025, versus .83% and 7.77%, respectively, for the same period the prior year. Ohio Valley Banc Corp. President and CEO, Larry Miller stated, "Our strong start in 2025 was driven by strategic decisions executed by
GALLIPOLIS, Ohio, April 15, 2025 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) Board of Directors declared a cash dividend of $0.23 per common share payable on May 10, 2025, to shareholders of record as of the close of business on April 25, 2025. "Against the backdrop of economic uncertainty at home and abroad, Ohio Valley Banc Corp. is pleased to offer the stability our loyal shareholders need. Along with you, your company is facing unprecedented challenges in the current economic environment, however, we are positioned well to help our customers and shareholders navigate the turbulence. We very much appreciate the confidence and support you continue to entrust in us. It is your loy
GALLIPOLIS, Ohio, Jan. 28, 2025 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended December 31, 2024, of $2,515,000, a decrease of $708,000 from the same period the prior year. Earnings per share for the fourth quarter of 2024 were $.53 compared to $.68 for the prior year fourth quarter. For the year ended December 31, 2024, net income totaled $10,999,000, a decrease of $1,632,000, or 12.9%, from the same period the prior year. Earnings per share were $2.32 for 2024 versus $2.65 for 2023. Return on average assets and return on average equity were .77% and 7.50%, respectively, for the year ended December 31, 2024, compar
GALLIPOLIS, Ohio, Jan. 14, 2025 /PRNewswire/ -- On Tuesday Jan. 14, 2025, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.22 per common share payable on Feb. 10, 2025, to shareholders of record as of the close of business on Jan. 24, 2025. "We begin each new year in anticipation of the opportunities we have before us as well as the challenges we may face. We are confident our bankers have the knowledge, experience and expertise to take advantage of the opportunities while overcoming the challenges. 2025 affords your company the privilege to continue pursuing our Community First mission by positively impacting all of the communities we are fortunate to
GALLIPOLIS, Ohio, Oct. 28, 2024 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended September 30, 2024, of $2,719,000, an increase of $468,000, or 20.8%, from the same period the prior year. Earnings per share for the third quarter of 2024 were $.58 compared to $.47 for the prior year third quarter. For the nine months ended September 30, 2024, net income totaled $8,484,000, a decrease of $924,000 from the same period the prior year. Earnings per share were $1.79 for the first nine months of 2024 versus $1.97 for the first nine months of 2023. Return on average assets and return on average equity were .81% and 7.80%, res
GALLIPOLIS, Ohio, Oct. 15, 2024 /PRNewswire/ -- On Tuesday Oct. 15, 2024, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.22 per common share payable on Nov.10, 2024, to shareholders of record as of the close of business on Oct. 25, 2024. "It seems like in the blink of an eye, three quarters of the year are behind us. And what a three quarters it has been. I'm proud of the effort put forth by our bankers in pursuit of our Community First mission. Their commitment to our customers and the communities they serve is simply outstanding. We look forward to a strong finish to 2024," Tom Wiseman, OVBC Chairman of the Board, said. Ohio Valley Banc Corp. is ba
GALLIPOLIS, Ohio, Aug. 21, 2024 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") announced the Board of Directors has authorized the extension date of its existing stock buyback program to August 31, 2025. The program was originally approved by the board in 2021 and was set to expire August 31 of this year. With the extension, the share repurchase program will continue to authorize the repurchase of up to $5 million in shares of the Company's outstanding common stock. As of August 21, 2024, the Company had repurchased approximately $2,967,000 in common stock. Other than the extension of the program for an additional year, no changes were made to the stock buyback progra
GALLIPOLIS, Ohio, July 26, 2024 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended June 30, 2024, of $2,972,000, a decrease of $277,000 from the same period the prior year. Earnings per share for the second quarter of 2024 were $.63 compared to $.68 for the prior year second quarter. For the six months ended June 30, 2024, net income totaled $5,765,000, a decrease of $1,392,000, or 19.4%, from the same period the prior year. Earnings per share were $1.21 for the first six months of 2024 versus $1.50 for the first six months of 2023. Return on average assets and return on average equity were .84% and 8.01%, respectively,
GALLIPOLIS, Ohio, July 16, 2024 /PRNewswire/ -- On Tuesday July 16, 2024, Ohio Valley Banc Corp. (NASDAQ:OVBC) Board of Directors declared a cash dividend of $0.22 per common share payable on Aug.10, 2024, to shareholders of record as of the close of business on July 26, 2024. "2024 with all its ups, downs and 90° heat is moving right along. Our dedicated group of community bankers have produced a successful first half of the year making it possible to declare another quarterly dividend. With the support of you, our loyal shareholders, we look forward to the next six months and the opportunities that lie ahead. We're invested in our Community First mission celebrating our customers with sp
GALLIPOLIS, Ohio, April 25, 2024 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended March 31, 2024, of $2,793,000, a decrease of $1,115,000, or 28.5%, from the same period the prior year. Earnings per share for the first quarter of 2024 were $.58, compared to $.82 for the first quarter of 2023. Return on average assets and return on average equity were .83% and 7.77%, respectively, for the first quarter of 2024, versus 1.28% and 11.85%, respectively, for the same period the prior year. Ohio Valley Banc Corp. President and CEO, Larry Miller stated, "Though this year's unfavorable interest rate environment slowed earning
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GALLIPOLIS, Ohio, April 25, 2025 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended March 31, 2025, of $4,406,000, an increase of $1,613,000, or 57.8%, from the same period the prior year. Earnings per share for the first quarter of 2025 were $.94, compared to $.58 for the first quarter of 2024. Return on average assets and return on average equity were 1.20% and 11.82%, respectively, for the first quarter of 2025, versus .83% and 7.77%, respectively, for the same period the prior year. Ohio Valley Banc Corp. President and CEO, Larry Miller stated, "Our strong start in 2025 was driven by strategic decisions executed by
GALLIPOLIS, Ohio, April 15, 2025 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) Board of Directors declared a cash dividend of $0.23 per common share payable on May 10, 2025, to shareholders of record as of the close of business on April 25, 2025. "Against the backdrop of economic uncertainty at home and abroad, Ohio Valley Banc Corp. is pleased to offer the stability our loyal shareholders need. Along with you, your company is facing unprecedented challenges in the current economic environment, however, we are positioned well to help our customers and shareholders navigate the turbulence. We very much appreciate the confidence and support you continue to entrust in us. It is your loy
GALLIPOLIS, Ohio, Jan. 28, 2025 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended December 31, 2024, of $2,515,000, a decrease of $708,000 from the same period the prior year. Earnings per share for the fourth quarter of 2024 were $.53 compared to $.68 for the prior year fourth quarter. For the year ended December 31, 2024, net income totaled $10,999,000, a decrease of $1,632,000, or 12.9%, from the same period the prior year. Earnings per share were $2.32 for 2024 versus $2.65 for 2023. Return on average assets and return on average equity were .77% and 7.50%, respectively, for the year ended December 31, 2024, compar
GALLIPOLIS, Ohio, Jan. 14, 2025 /PRNewswire/ -- On Tuesday Jan. 14, 2025, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.22 per common share payable on Feb. 10, 2025, to shareholders of record as of the close of business on Jan. 24, 2025. "We begin each new year in anticipation of the opportunities we have before us as well as the challenges we may face. We are confident our bankers have the knowledge, experience and expertise to take advantage of the opportunities while overcoming the challenges. 2025 affords your company the privilege to continue pursuing our Community First mission by positively impacting all of the communities we are fortunate to
GALLIPOLIS, Ohio, Oct. 28, 2024 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended September 30, 2024, of $2,719,000, an increase of $468,000, or 20.8%, from the same period the prior year. Earnings per share for the third quarter of 2024 were $.58 compared to $.47 for the prior year third quarter. For the nine months ended September 30, 2024, net income totaled $8,484,000, a decrease of $924,000 from the same period the prior year. Earnings per share were $1.79 for the first nine months of 2024 versus $1.97 for the first nine months of 2023. Return on average assets and return on average equity were .81% and 7.80%, res
GALLIPOLIS, Ohio, Oct. 15, 2024 /PRNewswire/ -- On Tuesday Oct. 15, 2024, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.22 per common share payable on Nov.10, 2024, to shareholders of record as of the close of business on Oct. 25, 2024. "It seems like in the blink of an eye, three quarters of the year are behind us. And what a three quarters it has been. I'm proud of the effort put forth by our bankers in pursuit of our Community First mission. Their commitment to our customers and the communities they serve is simply outstanding. We look forward to a strong finish to 2024," Tom Wiseman, OVBC Chairman of the Board, said. Ohio Valley Banc Corp. is ba
GALLIPOLIS, Ohio, July 26, 2024 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended June 30, 2024, of $2,972,000, a decrease of $277,000 from the same period the prior year. Earnings per share for the second quarter of 2024 were $.63 compared to $.68 for the prior year second quarter. For the six months ended June 30, 2024, net income totaled $5,765,000, a decrease of $1,392,000, or 19.4%, from the same period the prior year. Earnings per share were $1.21 for the first six months of 2024 versus $1.50 for the first six months of 2023. Return on average assets and return on average equity were .84% and 8.01%, respectively,
GALLIPOLIS, Ohio, July 16, 2024 /PRNewswire/ -- On Tuesday July 16, 2024, Ohio Valley Banc Corp. (NASDAQ:OVBC) Board of Directors declared a cash dividend of $0.22 per common share payable on Aug.10, 2024, to shareholders of record as of the close of business on July 26, 2024. "2024 with all its ups, downs and 90° heat is moving right along. Our dedicated group of community bankers have produced a successful first half of the year making it possible to declare another quarterly dividend. With the support of you, our loyal shareholders, we look forward to the next six months and the opportunities that lie ahead. We're invested in our Community First mission celebrating our customers with sp
GALLIPOLIS, Ohio, April 25, 2024 /PRNewswire/ -- Ohio Valley Banc Corp. (NASDAQ:OVBC) (the "Company") reported consolidated net income for the quarter ended March 31, 2024, of $2,793,000, a decrease of $1,115,000, or 28.5%, from the same period the prior year. Earnings per share for the first quarter of 2024 were $.58, compared to $.82 for the first quarter of 2023. Return on average assets and return on average equity were .83% and 7.77%, respectively, for the first quarter of 2024, versus 1.28% and 11.85%, respectively, for the same period the prior year. Ohio Valley Banc Corp. President and CEO, Larry Miller stated, "Though this year's unfavorable interest rate environment slowed earning
GALLIPOLIS, Ohio, April 17, 2024 /PRNewswire/ -- On Tuesday April 16, 2024, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.22 per common share payable on May 10, 2024, to shareholders of record as of the close of business on April 26, 2024. "It's hard to believe we are already through the first quarter of 2024. Spring is in the air and so is change, but what will that change produce? I can assure you that Ohio Valley Banc Corp. has many talented individuals working to make sure the company is on the productive side of whatever change we encounter for the rest of 2024 and beyond. Our dedicated team makes it possible each quarter to declare a dividend