Overview

* Oak Valley Q2 net income falls to $5.6 mln from $5.9 mln a year ago

* Net interest income rises to $18.2 mln, driven by loan growth and stable margins

* Total deposits at $1.71 bln, down slightly from prior quarter, up yr/yr

Result Drivers

* LOAN GROWTH - Increased loan portfolio and higher loan yields boosted net interest income

* DEPOSIT COSTS - Rise in deposit interest expenses impacted net income compared to last year

* OPERATING EXPENSES - Higher general operating costs due to servicing growing loan and deposit portfolios

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.67

Q2 Net $5.59

Income mln

Q2 Net $18.15

Interest mln

Income

Q2 Basic $0.68

EPS

Q2 Net 4.1%

Interest

Margin

Q2 $7.17

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)