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Get filing alertsOak Valley Bancorp Q2 earnings fall to $0.61/share, declares $0.375 dividend
Filed July 23, 2026 · Period ending July 22, 2026 · ~1 min read
Key Changes
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Q2 2026 net income $5.1M ($0.61/diluted share), down from $5.6M ($0.67) year-ago, driven by higher operating expenses and lower non-interest income partially offset by improved net interest income.
Exhibit 99.1 view on EDGAR → -
high
Net interest margin improved to 4.15% from 4.11% year-ago on loan growth ($55.9M over twelve months) and higher yields; average earning assets up 4.0% year-over-year.
Exhibit 99.1 view on EDGAR → -
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Charged off $1.7M on collateral-dependent loan (non-accrual since Dec 2025), transferred remaining $2.6M to OREO; allowance for credit losses fell to 0.96% of gross loans from 1.13% prior quarter.
Exhibit 99.1 view on EDGAR → -
medium
Non-interest expense rose to $14.2M from $12.4M year-ago, driven by staffing costs and operating expenses supporting growth and expanded branch network (19 branches vs. 18 year-ago, 246 FTE vs. 231).
Exhibit 99.1 view on EDGAR → -
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Board declared $0.375/share cash dividend (second 2026 payment), payable Aug 14 to Aug 3 shareholders of record, totaling ~$3.2M.
Exhibit 99.1 view on EDGAR →
Summary
Oak Valley Bancorp reported second-quarter 2026 earnings of $5.1 million, or $0.61 per diluted share, down 9% from $0.67 a year earlier. The decline reflects higher operating expenses—up $1.7 million year-over-year to support growth and an expanded branch footprint—and lower non-interest income, partially offset by stronger net interest income.
Net interest margin improved to 4.15% from 4.11% a year ago, driven by loan growth of $55.9 million over the trailing twelve months and higher loan yields.
The company charged off $1.7 million on a collateral-dependent loan placed on non-accrual in December 2025 and transferred the remaining $2.6 million to other real estate owned, reducing the allowance for credit losses to 0.96% of gross loans from 1.13% in the prior quarter. The board declared a $0.375 per share cash dividend, the company's second distribution in 2026, payable August 14 to shareholders of record August 3. For retail holders, the quarter shows a community bank managing through higher operating costs while maintaining margin discipline and loan growth. The loan charge-off and OREO transfer are a discrete credit event on a previously reserved position, and non-performing assets fell to 0.13% of total assets from 0.23% in the prior quarter. The dividend continues Oak Valley's capital return alongside organic growth.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Oak Valley Bancorp disclosed financial results via Regulation FD, cross-referencing Item 2.02 for operational and financial condition details.
Added in current filing · verify on EDGAR →
See “Item 2.02. Results of Operations and Financial Condition” which is incorporated by reference in this Item 7.01.
The company made a Regulation FD disclosure by incorporating Item 2.02, which typically contains earnings results or financial condition updates. The 8-K body provided does not include the actual Item 2.02 content, so the specific financial metrics disclosed cannot be determined from this excerpt alone.
Event · Exhibit 99.1
Oak Valley Bancorp reported Q2 2026 earnings of $0.61/share, down from $0.67 year-ago, and declared a $0.375/share cash dividend.
Added in current filing · view on EDGAR →
For the three months ended June 30, 2026, consolidated net income was $5,114,000, or $0.61 per diluted share (EPS), as compared to $5,309,000, or $0.64 EPS, for the prior quarter and $5,588,000, or $0.67 EPS, for the same period a year ago.
Oak Valley Bancorp earned $5.1 million ($0.61 per diluted share) in Q2 2026, down from $5.3 million ($0.64) in Q1 2026 and $5.6 million ($0.67) in Q2 2025. The decline was driven by higher non-interest expense and lower non-interest income, partially offset by increased net interest income and a lower provision for credit losses.
Added in current filing · view on EDGAR →
Net interest margin for the three months ended June 30, 2026 was 4.15%, compared to 4.12% for the prior quarter and 4.11% for the same period last year, related to the growth and yield trends stated above.
Net interest margin improved to 4.15% in Q2 2026 from 4.12% in Q1 2026 and 4.11% in Q2 2025, driven by loan growth and higher loan yields. Average earning assets grew 4.0% year-over-year, and gross loans increased $18.3 million during the quarter and $55.9 million over the prior twelve months.
Added in current filing · view on EDGAR →
The decrease compared to March 31, 2026 is due to a collateral-dependent loan that was placed on non-accrual status in December 2025, at which time the loan was individually evaluated for impairment and a specific reserve was established. During the second quarter of 2026, a charge-off of $1,735,000 was recorded on the same loan and the remaining $2,581,000 was transferred to OREO.
Oak Valley charged off $1.7 million on a collateral-dependent loan placed on non-accrual in December 2025 and transferred the remaining $2.6 million to other real estate owned (OREO) during Q2 2026. This drove the allowance for credit losses down to 0.96% of gross loans from 1.13% at March 31, 2026. Non-performing assets fell to $2.6 million (0.13% of total assets) from $4.6 million (0.23%) in the prior quarter.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 28, 2026 · How we verify