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Sep 30, 2022
Oak Valley Q3 2022 Earnings Report
Oak Valley Bancorp reported third quarter results with increased net income and net interest income compared to the prior quarter and the same period last year.
Key Takeaways
Oak Valley Bancorp reported a net income of $6.8 million, or $0.83 per diluted share, for the three months ended September 30, 2022. Net interest income increased to $16.772 million, driven by higher yields on earning assets and growth in loan and investment portfolios.
Net income for Q3 2022 was $6.8 million, or $0.83 EPS.
Net interest income for Q3 2022 was $16.772 million.
Total assets reached $1.96 billion as of September 30, 2022.
Non-performing assets remained at zero as of September 30, 2022.
Oak Valley
Oak Valley
Forward Guidance
The company will open as a full-service branch later this year.