Oak Valley Bancorp First Quarter 2024 Earnings: EPS: US$0.70 (vs US$1.13 in 1Q 2023)

Oak Valley Bancorp (NASDAQ:OVLY) First Quarter 2024 Results

Key Financial Results

• Revenue: US$18.8m (down 13% from 1Q 2023).
• Net income: US$5.73m (down 38% from 1Q 2023).
• Profit margin: 31% (down from 43% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.70 (down from US$1.13 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Oak Valley Bancorp shares are up 6.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Oak Valley Bancorp's balance sheet and an in-depth analysis of the company's financial position.

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