Oak Valley Bancorp (OVLY) Reports Q3 EPS of $0.24

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Go back to Oak Valley Bancorp (OVLY) Reports Q3 EPS of $0.24

Oak Valley Bancorp Reports 3rd Quarter Results

October 21, 2016 7:54 PM EDT

OAKDALE, CA -- (Marketwired) -- 10/21/16 -- Oak Valley Bancorp (NASDAQ: OVLY), the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, recently reported consolidated financial results. For the three months ended September 30, 2016, consolidated net income was $1,930,000, or $0.24 per diluted common share, compared to $1,904,000, or $0.24 per diluted common share, for the prior quarter and $1,382,000, or $0.17 per diluted common share for the same period a year ago. The earnings growth compared to prior periods is mainly due to strong loan production which is driving net interest income, and improvements in operating... More