Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services in southeastern Ohio and western West Virginia. The company was founded in 1872 and is based in Gallipolis, Ohio.
On July 21, 2020, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.21 per common share payable on August 10, 2020, to shareholders of record as of the close of business on July 31, 2020. For almost 11 years, OVBC has maintained a consistent, regular quarterly dividend of $0.21 per common share.
Ohio Valley Banc Corp. (Nasdaq: OVBC) (the "Company") reported consolidated net income for the quarter ended March 31, 2020, of $1,002,000, a decrease of $191,000 from the same period the prior year. Earnings per share for the first quarter of 2020 was $.21, compared to $.25 for the first quarter of 2019. Return on average assets and return on average equity were .40 percent and 3.14 percent, respectively, for the first quarter of 2020, versus .47 percent and 4.08 percent, respectively, for the same period the prior year.