NASDAQ$OVLY
Oak Valley Bancorp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Oak Valley Bancorp reported first quarter results with a net income of $9.23 million and EPS of $1.12.
Oak Valley Bancorp reported a net income of $9.23 million for Q1 2023, a slight decrease compared to the previous quarter but a significant increase compared to the same period last year. The increase in net income compared to the same period a year ago was attributable to rising net interest income resulting from increased yields on earning assets, triggered by FOMC rate hikes, and growth of our investment and loan portfolios.
- Net income for Q1 2023 was $9.23 million, or $1.12 per diluted share.
- Net interest income increased to $19.54 million, driven by rising yields on earning assets and portfolio growth.
- Non-interest income rose to $1.66 million, boosted by fee income from CDARS and a gain on sale of investment securities.
- Total assets stood at $1.94 billion, with gross loans at $926.8 million and total deposits at $1.77 billion.
Headline financials
Revenue & EPS history
Oak Valley · Revenue · Quarterly
$21.2M
Forward guidance
The press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
Tailwinds
- possible future financial condition
- assumed future financial condition
- possible results of operations
- assumed results of operations
- possible business
Headwinds
- fluctuations in interest rates
- government policies and regulations (including monetary and fiscal policies)
- legislation
- economic conditions, including increased energy costs in California
- credit quality of borrowers
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+1.9%
Avg return
30 days after
46%
30 / 65 earnings
Positive
+11.5%
Q4 2016
Best reaction
-7.2%
Q1 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.3% | -2.4% | -0.7% | |
| Q4 2025 | -1.3% | -2.7% | +3.9% | |
| Q3 2025 | -0.1% | +0.9% | +4.3% | |
| Q1 2025 | +0.0% | -1.2% | +2.1% | |
| Q2 2025 | +0.5% | -0.3% | +0.1% | |
| Q4 2024 | +0.0% | -1.3% | +2.7% | |
| Q3 2024 | +0.1% | -0.6% | +1.4% | |
| Q2 2024 | +4.9% | -1.9% | +5.3% | |
| Q1 2024 | +4.8% | +6.5% | +6.2% | |
| Q4 2023 | +0.8% | +6.0% | -7.1% | |
| Q3 2023 | -0.7% | +0.2% | +7.5% | |
| Q2 2023 | +3.1% | +3.3% | -5.0% | |
| Q1 2023 | +10.0% | +9.0% | -2.5% | |
| Q4 2022 | +2.9% | +2.6% | +14.0% | |
| Q3 2022 | +8.0% | +7.1% | +13.3% | |
| Q2 2022 | +0.2% | +3.6% | +4.3% | |
| Q1 2022 | +0.5% | -0.1% | -3.0% | |
| Q4 2021 | +2.1% | +2.6% | +8.0% | |
| Q3 2021 | +0.2% | +1.3% | +0.0% | |
| Q2 2021 | +3.8% | +2.1% | -2.8% | |
| Q1 2021 | +2.1% | +2.9% | +4.1% | |
| Q4 2020 | +3.1% | -0.8% | +0.6% | |
| Q3 2020 | -1.4% | -2.7% | +13.8% | |
| Q2 2020 | -3.0% | +2.0% | +14.0% | |
| Q1 2020 | -4.7% | +5.6% | -1.4% | |
| Q4 2019 | -0.9% | +0.8% | -3.8% | |
| Q3 2019 | +2.3% | +1.6% | +6.4% | |
| Q2 2019 | +0.0% | +0.0% | -6.0% | |
| Q1 2019 | -4.0% | -3.8% | -5.3% | |
| Q4 2018 | -3.1% | -0.9% | -1.7% | |
| Q3 2018 | -1.5% | -0.5% | -10.8% | |
| Q2 2018 | +0.1% | +3.1% | -11.0% | |
| Q1 2018 | -3.8% | -3.2% | -6.6% | |
| Q4 2017 | -6.6% | -5.0% | -1.1% | |
| Q3 2017 | -2.1% | -1.4% | +3.6% | |
| Q2 2017 | +4.4% | +7.9% | +7.5% | |
| Q1 2017 | +0.4% | +0.6% | -3.2% | |
| Q4 2016 | +11.5% | +7.4% | +10.2% | |
| Q3 2016 | -0.2% | -0.2% | +9.9% | |
| Q2 2016 | +1.3% | +4.9% | +4.4% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | -0.9% | — | — | |
| Q3 2015 | -0.2% | — | — | |
| Q2 2015 | -4.1% | — | — | |
| Q1 2015 | -1.5% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | -1.3% | — | — | |
| Q4 2013 | +0.4% | — | — | |
| Q3 2013 | +0.0% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q1 2012 | -7.2% | — | — | |
| Q4 2011 | -7.2% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q3 2011 | +0.0% | — | — | |
| Q2 2011 | +3.0% | — | — | |
| Q4 2010 | +3.0% | — | — | |
| Q2 2010 | +3.0% | — | — | |
| Q1 2010 | +2.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro