Last $24.00 USD
Change Today +0.69 / 2.96%
Volume 701.0
OVBC On Other Exchanges
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NASDAQ GM
As of 8:10 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

ohio valley banc corp (OVBC) Key Developments

Lannes C. Williamson to Retire as Director of Ohio Valley Banc Corp. and Ohio Valley Bank Company

On November 18, 2014, Lannes C. Williamson announced his intention to retire from service as a director of Ohio Valley Banc Corp. and as a director of The Ohio Valley Bank Company, in accordance with a policy of such companies that each director is expected to retire at the next annual meeting of shareholders following the director's 70th birthday. Mr. Williamson will officially retire at the end of the 2015 annual meeting of shareholders, scheduled for May 13, 2015. Mr. Williamson's announcement to retire was not due to any disagreement with Ohio Valley Banc Corp. or The Ohio Valley Bank Company.

Ohio Valley Banc Corp. Reports Unaudited Consolidated Earnings Results for the Quarter and Nine Months Ended September 30, 2014

Ohio Valley Banc Corp. reported unaudited consolidated earnings results for the quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $2,742,000, an increase of $1,681,000 from $1,061,000 for the third quarter of 2013. Earnings per share were $0.67 compared to $0.26 for the prior year third quarter. Net interest income increased $278,000, or 3.5%, to $8,208,000 from $7,930,000 for the same period last year. Income before income taxes was $3,752,000 compared to $1,351,000 a year ago. Book value per share was $20.97 compared to $19.46 for the prior year third quarter. Return on average equity was 12.83% compared to 5.39% a year ago. Return on average assets was 1.42% compared to 0.56% a year ago. For the nine months ended September 30, 2014, net income totaled $7,650,000, a 22.9% increase from net income of $6,226,000 for the nine months ended September 30, 2013. Earnings per share were $1.87 versus $1.53 for the first nine months of 2013. Return on average assets and return on average equity were 1.27% and 12.30%, respectively, for the first nine months of 2014, compared to 1.05% and 10.72%, respectively, for the same period in the prior year. Net interest income increased $985,000, or 4.1%, to $25,177,000 from $24,192,000 for the same period last year. Income before income taxes was $10,579,000 compared to $8,411,000 a year ago. Book value per share was $20.97 compared to $19.46 for the first nine months of 2013.

Ohio Valley Banc Corp. Declares Quarterly Cash Dividend Payable on November 10, 2014

On October 21, 2014, the Board of Directors of Ohio Valley Banc Corp. declared a quarterly cash dividend of $0.21 per share on its common shares, payable on November 10, 2014 to shareholders of record on October 31, 2014.

Ohio Valley Banc Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Ohio Valley Banc Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $8,187,000 against $7,841,000 a year ago. Income before income taxes was $1,716,000 against $2,678,000 a year ago. Net income was $1,344,000 against $1,942,000 a year ago. Earnings per share were $0.33 against $0.48 a year ago. Return on average equity was 6.45% against 9.92% a year ago. Return on average assets was 0.68% against 0.99% a year ago. For the six months, the company reported net interest income of $16,969,000 against $16,262,000 a year ago. Income before income taxes was $6,827,000 against $7,060,000 a year ago. Net income was $4,908,000 against $5,165,000 a year ago. Book value per share as at June 30, 2014 was $20.58. Earnings per share were $1.20 against $1.27 a year ago. Return on average equity was 12.03% against 1.45% a year ago. Return on average assets was 1.20% against 1.28% a year ago.

Ohio Valley Banc Corp. Declares Cash Dividend, Payable on August 10, 2014

On July 22, 2014, the Board of Directors of Ohio Valley Banc Corp. declared a quarterly cash dividend of $0.21 per share on its common shares, payable on August 10, 2014 to shareholders of record on August 1, 2014.

 

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