Oak Valley Bancorp 8-K, filed Oct 23, 2026

Oak Valley Bancorp (OVLY)

8-K 2026-10-23 For: 2026-10-21

Added on October 23, 2026

About this 8-K

Oak Valley Bancorp filed this 8-K on October 23, 2026, reporting on events of October 21, 2026.

Oak Valley Bancorp reported third-quarter net income of $6,450,000, or $0.77 per diluted share, up from $5,114,000, or $0.61 per share, in the prior quarter but below $6,693,000, or $0.81 per share, a year earlier; net interest margin was 4.24%. AI summary

Items reported

Item 2.02: Financial results
Item 7.01: Regulation FD disclosure
Item 9.01: Financial statements and exhibits

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CA (State or other jurisdiction of incorporation)	001-34142 (Commission File Number)	26-2326676 (IRS Employer Identification Number)

125 N. Third Ave. Oakdale, CA (Address of principal executive offices)	95361 (Zip Code)

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	OVLY	The Nasdaq Stock Market, LLC

Dated: October 23, 2026
	OAK VALLEY BANCORP

	By:	/s/ Jeffrey A. Gall
		Jeffrey A. Gall
		Executive Vice President and Chief Financial Officer
	(Principal Financial Officer and duly authorized signatory)

Exhibit Index
Exhibit No.	Description

99.1	Press Release of Oak Valley Bancorp dated October 21, 2026

104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

Date:	October 21, 2026
Contact:	Rick McCarty/Jeff Gall
Phone:	(209) 848-2265
	www.ovcb.com

Selected Quarterly Operating Data:	3rd Quarter			2nd Quarter			1st Quarter			4th Quarter			3rd Quarter
($ in thousands, except per share)	2026			2026			2026			2025			2025

Net interest income	$	19,802		$	18,944		$	18,824		$	19,457		$	19,197
Provision for (reversal of) credit losses		42			21			464			865			(60	)
Non-interest income		1,851			1,665			1,952			1,825			1,973
Non-interest expense		13,420			14,157			13,506			12,262			12,700
Net income before income taxes		8,191			6,431			6,806			8,155			8,530
Provision for income taxes		1,741			1,317			1,497			1,820			1,837
Net income	$	6,450		$	5,114		$	5,309		$	6,335		$	6,693

Earnings per common share - basic	$	0.78		$	0.62		$	0.64		$	0.77		$	0.81
Earnings per common share - diluted	$	0.77		$	0.61		$	0.64		$	0.76		$	0.81
Dividends paid per common share	$	0.375		$	-		$	0.375		$	-		$	0.300
Return on average common equity		12.16	%		9.74	%		10.23	%		12.32	%		14.30	%
Return on average assets		1.28	%		1.04	%		1.07	%		1.25	%		1.35	%
Net interest margin (1)		4.24	%		4.15	%		4.12	%		4.14	%		4.16	%
Efficiency ratio (2)		60.15	%		66.46	%		62.99	%		55.94	%		58.27	%

Capital - Period End
Book value per common share	$	22.70		$	25.80		$	24.50		$	24.79		$	23.63

Credit Quality - Period End
Nonperforming assets / total assets		0.13	%		0.13	%		0.23	%		0.23	%		0.00	%
Credit loss reserve / gross loans		0.97	%		0.96	%		1.13	%		1.08	%		1.03	%

Balance Sheet - Period End (in thousands)
Total assets	$	1,976,174		$	2,001,578		$	2,010,299		$	2,023,116		$	1,995,416
Gross loans		1,154,055			1,165,715			1,147,451			1,143,930			1,112,829
Nonperforming assets		2,581			2,631			4,574			4,587			-
Allowance for credit losses		11,214			11,172			12,910			12,381			11,420
Deposits		1,762,583			1,763,551			1,780,996			1,792,962			1,774,882
Common equity		191,099			217,034			206,154			207,975			198,280

Balance Sheet - Average (in thousands)
Average assets	$	1,999,329		$	1,980,142		$	2,006,175		$	2,013,766		$	1,961,374
Average earning assets		1,902,124			1,884,736			1,905,874			1,914,907			1,876,588
Average equity		210,369			210,662			210,562			203,994			185,638

Non-Financial Data
Full-time equivalent staff		247			246			244			238			237
Number of banking offices		19			19			19			19			18

Common Shares outstanding
Period end		8,419,978			8,413,458			8,413,458			8,388,221			8,390,621
Period average - basic		8,290,685			8,272,810			8,257,567			8,249,256			8,246,666
Period average - diluted		8,348,220			8,333,393			8,322,124			8,304,597			8,299,039

Market Ratios
Stock Price	$	33.67		$	33.75		$	32.43		$	30.06		$	28.17
Price/Earnings		10.91			13.61			12.44			9.87			8.75
Price/Book		1.48			1.31			1.32			1.21			1.19

Profitability	NINE MONTHS ENDED SEPTEMBER 30,
($ in thousands, except per share)	2026			2025

Net interest income	$	57,570		$	55,158
Provision for (reversal of) credit losses		527			459
Non-interest income		5,468			5,289
Non-interest expense		41,083			37,493
Net income before income taxes		21,428			22,495
Provision for income taxes		4,555			4,917
Net income	$	16,873		$	17,578

Earnings per share - basic	$	2.04		$	2.13
Earnings per share - diluted	$	2.02		$	2.12
Dividends paid per share	$	0.750		$	0.600
Return on average equity		10.72	%		12.71	%
Return on average assets		1.13	%		1.22	%
Net interest margin (3)		4.17	%		4.12	%
Efficiency ratio (4)		63.15	%		60.17	%

Capital - Period End
Book value per share	$	22.70		$	23.63

Credit Quality - Period End
Nonperforming assets/ total assets		0.13	%		0.00	%
Credit loss reserve/ gross loans		0.97	%		1.03	%

Balance Sheet - Period End (in thousands)
Total assets	$	1,976,174		$	1,995,416
Gross loans		1,154,055			1,112,829
Nonperforming assets		2,581			-
Allowance for credit losses		11,214			11,420
Deposits		1,762,583			1,774,882
Stockholders' equity		191,099			198,280

Balance Sheet - Average (in thousands)
Average assets	$	1,995,190		$	1,923,112
Average earning assets		1,897,564			1,836,679
Average equity		210,530			184,947

Non-Financial Data
Full-time equivalent staff		247			237
Number of banking offices		19			18

Common Shares outstanding
Period end		8,419,978			8,390,621
Period average - basic		8,273,809			8,241,273
Period average - diluted		8,334,675			8,287,622

Market Ratios
Stock Price	$	33.67		$	28.17
Price/Earnings		12.35			9.88
Price/Book		1.48			1.19

(3)	This is a non-GAAP measure that is computed on a fully tax equivalent basis using a federal tax rate of 21%. The resulting adjustment to net interest income is $1.621 million and $1.496 million for the nine months ended September 30, 2026 and 2025, respectively.
(4)	This is a non-GAAP measure that is computed on a fully tax equivalent basis using a federal tax rate of 21%, and a federal/state combined tax rate of 29.56%. The resulting adjustment to pre-tax income is $2.018 million and $1.868 million for the nine months ended September 30, 2026 and 2025, respectively.