
Overview
Ohio bank's Q4 net income rose 57.3% yr/yr, driven by higher net interest income
Q4 EPS increased to $0.84 from $0.53 yr/yr
Noninterest income fell due to $2.5 mln loss on securities sales
Outlook
Ohio Valley Banc did not provide specific guidance for future quarters or the full year in press release
Result Drivers
NET INTEREST INCOME - Increased due to higher average earning assets and improved net interest margin
LOAN GROWTH - Driven by commercial real estate, commercial and industrial, and residential real estate segments
NONINTEREST INCOME DECLINE - Affected by $2.5 mln loss on securities sales
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $0.84 |
|
Q4 Net Interest Margin |
| 4.18% |
|
Press Release: ID:nPn9DJ9Yra
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