Ohio Valley Banc (OVBC) Reports 11.4% Net Income Growth in Strong Q3 2025

Ohio Valley Banc Reports Strong Third Quarter Growth Driven by Strategic Initiatives

Ohio Valley Banc Corp., headquartered in Gallipolis, Ohio, experiences robust financial performance in the third quarter of 2025, marked by a consolidated net income of $3,030,000. This figure represents an 11.4% increase compared to the previous year, reflecting the company’s effective strategies in enhancing customer relationships and shareholder value. Earnings per share also rise to $0.64 from $0.58 in the same quarter of 2024, indicating a positive trajectory in profitability. For the nine months ending September 30, 2025, net income reaches $11,646,000, a remarkable 37.3% increase year-over-year, with earnings per share climbing to $2.47 from $1.79.

The impressive growth in net income stems largely from a significant rise in net interest income, which increases by $2,016,000 in the third quarter alone. For the first nine months, net interest income surges by $6,538,000, largely due to a strategic expansion in average earning assets. The company reports a $114 million increase in average earning assets, driven by a $75 million rise in average securities and a $65 million boost in average loans. CEO Larry Miller attributes this success to the dedicated efforts of the team in fostering strong customer relationships and implementing effective financial products.

A notable initiative that contributes to this growth is the introduction of the Sweet Home Ohio deposit account, developed in conjunction with the Ohio Homebuyer Plus program. This account sees substantial growth, with balances increasing from $5.3 million to $9 million year-over-year. This innovative product not only supports local homebuyers but also enhances the bank's deposit base, further solidifying Ohio Valley Banc's position in the community. Conversely, the Ohio Treasurer's deposits, which require collateralization and are classified as public funds, decrease to $72.5 million from $99.6 million, with investments from these funds being strategically aligned to support the company’s securities portfolio.

In summary, Ohio Valley Banc's third-quarter results underscore its commitment to growth through strategic initiatives and relationship-building efforts, positioning the company for continued success in the competitive banking landscape of Ohio.