Loading...
•
Dec 31, 2019
Oak Valley Q4 2019 Earnings Report
Reported a net income of $3,191,000 for the fourth quarter of 2019, with earnings per diluted share at $0.39, driven by strong earning asset growth and net interest income.
Key Takeaways
Oak Valley Bancorp reported a net income of $3,191,000, or $0.39 per diluted share, for Q4 2019. The decrease from the prior quarter is due to net interest margin compression as a result of recent FOMC interest rate cuts during the third and fourth quarters of 2019, which negatively impacted yields on earning assets. Total assets reached $1.15 billion, and gross loans amounted to $751.0 million.
Net income for Q4 2019 was $3,191,000, or $0.39 per diluted share.
Net interest income for Q4 2019 was $10,350,000.
Total assets reached $1.15 billion as of December 31, 2019.
Gross loans were $751.0 million as of December 31, 2019.
Oak Valley
Oak Valley
Forward Guidance
The company is confident that it can execute its growth, service, and profitability goals.