Ohio Valley Banc (OVBC) investor relations material

Executive summary

• Net income for Q2 2026 was $2,927,000, down 30.5% year-over-year; EPS was $0.62, down from $0.89.

• Net income for the first half of 2026 was $7,224,000, a 16.2% decrease year-over-year; EPS was $1.53, down from $1.83.

• Lower earnings were driven by higher provision expense due to collateral impairments on two commercial loan relationships and increased noninterest expense.

• Growth in net interest and noninterest income partially offset negative impacts, with net interest income up $863,000 (5.9%) for the quarter and $2,611,000 (9.4%) year-to-date.

Financial highlights

• Total assets at June 30, 2026 were $1,661,436,000, up $79,000,000 from year-end 2025, primarily from loan and deposit growth.

• Loans increased by $50,096,000 (4.2%) to $1,246,114,000, led by commercial and residential real estate portfolios.

• Total deposits rose by $78,761,000 (5.9%) to $1,408,428,000, with interest-bearing deposits up 7.2%.

• Noninterest income rose $338,000 (11.9%) in Q2, driven by a $377,000 gain from a Visa equity exchange and higher card interchange income.

• Noninterest expense increased $196,000 (1.8%) in Q2 and $679,000 (3.1%) year-to-date, mainly from higher salaries, benefits, and software costs.

• Efficiency ratio improved to 60.08% in Q2 2026 from 63.09% in Q2 2025.

Outlook and guidance

• Management expects continued competition for deposits and will focus on core deposit growth and retention.

• Emphasis remains on growing higher-yielding loan portfolios, particularly commercial and residential real estate.

• Asset quality and appropriate allowance for credit losses will remain a key focus.

• Management remains confident in the balance sheet and long-term outlook, viewing elevated credit risk as isolated to specific relationships.