Ohio Valley Banc Corp reports Q4 EPS 53c vs. 68c last year

Reports Q4 book value per share $31.91. Ohio Valley Banc Corp (OVBC). President and CEO, Larry Miller stated, “While it is never enjoyable to report lower net income, given all that was accomplished in 2024, I am quite pleased with how the company is positioned for future success. Net income was down primarily due to two one-time expenses that management knowingly accepted to put the company in a more favorable position as we look to the future. The largest of the two expenses was the $3.3 million associated with the voluntary early retirement program. The other one-time expense was the $496,000 in account bonuses paid to new Sweet Home Ohio depositors. Both of these expenses are part of a broader strategy to improve shareholder value and further our Community First Mission.”