Oak Valley Bancorp(US:OVLY)2026-01-26 18:29Financial Performance - Consolidated net income for Q4 2025 was $6,335,000, or $0.76 per diluted share, a decrease of 4.1% from $24,948,000, or $3.02 EPS for the year 2024[3] - Net income for Q4 2025 was $6,335,000, down from $6,008,000 in Q4 2024, indicating a decrease of 11.2% year-over-year[18] - Earnings per share (diluted) for Q4 2025 was $0.76, compared to $0.73 in Q4 2024, showing an increase of 4.1%[18] Income and Expenses - Net interest income for Q4 2025 was $19,457,000, an increase from $19,197,000 in the prior quarter, driven by a growth of $38.3 million in average earning assets[5] - Non-interest income for Q4 2025 was $1,825,000, compared to $1,973,000 in the prior quarter, primarily due to prior quarter death benefits from bank-owned life insurance[7] - Non-interest expense for Q4 2025 totaled $12,262,000, a decrease from $12,700,000 in the prior quarter, attributed to year-end accrual adjustments[8] Assets and Loans - Total assets reached $2.02 billion as of December 31, 2025, an increase of $122.5 million compared to December 31, 2024[9] - Gross loans amounted to $1.14 billion, reflecting an increase of $31.1 million from the prior quarter and $37.4 million year-over-year[9] - Total assets at the end of Q4 2025 reached $2,023,116,000, up from $1,900,604,000 at the end of Q4 2024, marking an increase of 6.5%[20] - Gross loans increased to $1,143,930,000 in Q4 2025 from $1,106,535,000 in Q4 2024, representing a growth of 3.4%[20] Asset Quality - Non-performing assets were $4.6 million, or 0.23% of total assets, due to one collateral-dependent loan placed on non-accrual status[10] - The allowance for credit losses as a percentage of gross loans increased to 1.08% at December 31, 2025, from 1.03% at September 30, 2025[10] Shareholder Returns - The company declared a cash dividend of $0.375 per share, totaling approximately $3,145,600, to be paid on February 13, 2026[11] Efficiency and Returns - The efficiency ratio for Q4 2025 improved to 55.94%, down from 58.09% in Q4 2024, indicating enhanced operational efficiency[18] - The return on average common equity for Q4 2025 was 12.32%, compared to 12.86% in Q4 2024, showing a slight decline[18] Stock Performance - The stock price at the end of Q4 2025 was $30.06, up from $29.25 at the end of Q4 2024, indicating a year-over-year increase of 2.8%[20] Cost of Funds - The average cost of funds stabilized at 0.76% in 2025, compared to 0.78% in 2024[5] Year-over-Year Comparisons - Net interest income for Q4 2025 was $19,457,000, an increase from $17,846,000 in Q4 2024, representing a growth of 9.0% year-over-year[18] - Non-interest income in Q4 2025 was $1,825,000, compared to $1,430,000 in Q4 2024, reflecting a year-over-year increase of 27.6%[18] - The book value per share increased to $24.79 in Q4 2025 from $21.95 in Q4 2024, reflecting a growth of 12.8%[20]