Oak Valley Bancorp (OVLY) investor relations material

Executive summary

• Net income for Q2 2026 was $5.11M ($0.61 EPS), down from $5.6M in Q2 2025; six-month net income was $10.42M ($1.25 EPS), down from $10.89M year-over-year, mainly due to higher operating expenses supporting business growth.

• Loan growth and higher loan yields supported net interest income, while higher non-interest expense and lower non-interest income weighed on results.

• Total assets at June 30, 2026 were $2.00B, up $80.67M year-over-year, with net loans increasing to $1.15B and deposits at $1.76B.

Financial highlights

• Net interest income for Q2 2026 was $18.94M (up from $18.2M in Q2 2025); six months: $37.8M (up from $36.0M).

• Non-interest income for Q2 2026 was $1.67M (down 2.2% YoY), $3.6M for six months (up 9.1% YoY).

• Non-interest expense for Q2 2026 was $14.16M (up 13.8% YoY), $27.7M for six months (up 11.6% YoY).

• Provision for credit losses: $21K for Q2 2026, $485K for six months, both lower than prior year.

• Gross loans reached $1.17B, up $18.26M sequentially and $55.86M year-over-year.

Outlook and guidance

• Management expects non-interest expense to continue rising with business growth but remains committed to cost control and disciplined balance sheet management.

• Liquidity and capital resources are expected to remain adequate for at least the next twelve months.