Loading...
•
Jun 30, 2022
Oak Valley Q2 2022 Earnings Report
Reported solid results driven by loan and investment portfolio growth and higher yields.
Key Takeaways
Oak Valley Bancorp reported a net income of $4,258,000, or $0.52 per diluted share, for the second quarter of 2022, compared to $3,960,000, or $0.48 EPS, for the same period a year ago. The increase in net income was primarily due to strong growth in loan and investment portfolios, combined with higher yields on earning assets.
Net income increased to $4,258,000, or $0.52 EPS.
Net interest income rose to $13,233,000 due to loan and investment portfolio growth.
Total assets reached $1.99 billion, marking an increase of $45.2 million over the prior quarter.
Non-performing assets remained at zero.
Forward Guidance
The company did not provide specific forward guidance but expressed optimism about maintaining core loan growth and surpassing the $2.0 billion asset mark.
Positive Outlook
- Continued core loan growth.
- Potential to surpass $2.0 billion in assets.
- Relationship banking business model.
- Strategy of deploying excess cash into investments and loans.
- Yield curve had steepened, providing a substantial boost to our net interest margin
Challenges Ahead
- Fluctuations in interest rates.
- Government policies and regulations.
- Economic conditions, including increased energy costs in California.
- Credit quality of borrowers.
- Competition in the geographic and business areas.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...