Ohio Valley Banc Corp. Reports 4th Quarter and Record Fiscal Year Earnings

GALLIPOLIS, Ohio, Jan. 26, 2023 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") reported consolidated net income for the quarter ended December 31, 2022, of $3,524,000, an increase of $1,220,000, or 53.0%, from the same period the prior year. Earnings per share for the fourth quarter of 2022 were $.74 compared to $.48 for the prior year fourth quarter. For the year ended December 31, 2022, net income totaled $13,338,000, an increase of $1,606,000, or 13.7%, from the same period the prior year. Earnings per share were $2.80 for 2022 versus $2.45 for 2021. Return on average assets and return on average equity were 1.06% and 9.86%, respectively, for the year ended December 31, 2022, compared to .95% and 8.45%, respectively, for the same period in the prior year.

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