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Ohio Valley Banc Corp. reports Q4 earnings down, but assets and net interest income rise.
Ohio Valley Banc Corp. reported a drop in earnings per share to $0.53 for the fourth quarter of 2024, down from $0.68 the previous year.
Despite the decrease, the company's CEO highlighted positive steps like a voluntary early retirement program and a new depositor incentive plan, which helped boost net interest income.
The firm's total assets reached $1.503 billion, up $151 million from last year.
Ohio Valley Banc also announced a quarterly dividend of $0.22 and received a "hold" rating from StockNews.com.
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Ohio Valley Banc Corp. reporta que bajaron las ganancias del Q4, pero los activos y los ingresos por intereses netos subieron.