From Globenewswire:

Oak Valley Bancorp (NASDAQ: OVLY) reported unaudited consolidated financial results for the three months ended December 31, 2023, with a consolidated net income of $5,865,000 or $0.71 per diluted share. Consolidated net income for the year ended December 31, 2023, was $30,848,000, a 34.7% increase from 2022. Non-performing assets remained at zero. The Board of Directors declared the payment of a cash dividend of $0.225 per share. Oak Valley Bancorp operates 18 branches and reported net interest income of $17,914,000 for the fourth quarter. The company’s 2023 net interest margin was 4.33%.



Read more: CORRECTION – Oak Valley Bancorp Reports 4th Quarter Results