ohio valley banc corp (OVBC:NASDAQ GM)
ohio valley banc corp (OVBC) Key Developments
Ohio Valley Banc Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total interest income of $9.480 million compared to $10.665 million a year ago. Net interest income was $8.421 million compared to $8.912 million a year ago. Income before income taxes was $4.382 million compared to $3.743 million a year ago. Net income was $3.223 million compared to $2.622 million a year ago. Book value per share was $19.34 compared to $18.31 a year ago. Return on average equity was 17.13% compared to 14.6% a year ago. Return on average assets was 1.56% compared to 1.20% a year ago. For the three months ended March 31, 2013, net charge-offs were down $1,548,000 from the same three-month period in 2012.
On April 16, 2013, 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 May 10, 2013 to shareholders of record on April 26, 2013.
Ohio Valley Banc Corp., Annual General Meeting, May 08, 2013., at 17:00 US Eastern Standard Time. Location: the Morris and Dorothy Haskins Ariel Theatre. Agenda: To elect three directors of the company, each to serve for a three-year term; to approve, in a non-binding vote, the compensation of the Company’s named executive officers; to consider and vote upon ratification of the selection of Crowe Horwath LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2013; and to transact such other business as may properly come before the Annual Meeting or any adjournment(s) thereof.
Ohio Valley Banc Corp.'s Board of Directors has declared a cash dividend payable on March 1, 2013, in the amount of $0.10 per common share to shareholders of record on February 15, 2013. The payment of this special 'Community First' dividend is based on the company's stable capital position and financial performance for the year ended December 31, 2012.
Ohio Valley Banc Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net income of $1,604,000 on total interest income was $9,274,000 against net income of $1,361,000 on total interest income was $10,505,000 a year ago. Net interest income was $7,823,000 compared to $8,330,000 a year ago. Income before income taxes was $2,329,000 compared to $1,888,000 a year ago. Earnings per share were $0.40, up 17.6% from the prior year fourth quarter compared to $0.34 per share a year ago. Book value as at December 31, 2012 was $18.66 per share. Return on average equity was 8.45% compared to 7.61% a year ago. Return on average assets was 0.81% compared to 0.67% a year ago. For the full year, the company reported net income of $7,052,000 on total interest income was $39,001,000 against net income of $5,835,000 on total interest income was $44,040,000 a year ago. Net interest income was $32,655,000 compared to $33,871,000 a year ago. Income before income taxes was $9,814,000 compared to $7,898,000 a year ago. Earnings per share were $1.75 for 2012 versus $1.46 for 2011, an increase of 19.9%. Return on average assets and return on average equity were 0.86% and 9.53%, respectively, for the year ended 2012, compared to 0.68% and 8.35%, respectively, for the same period in the prior year. Contributing to the lower net interest income was the decline in average earning assets.

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| OVBC:US | $21.75 USD | -0.35 | |
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Industry Analysis
OVBC
Industry Average
| Valuation | OVBC | Industry Range |
| Price/Earnings | 11.7x |
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| Price/Sales | 2.2x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 11.7x |
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| TEV/Sales | NM | Not Meaningful |
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