Ohio Valley Banc Corp. Board Changes Announced
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2026
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Source: Newsfilter
- Board Leadership Change: Ohio Valley Banc Corp. confirmed Thomas E. Wiseman's retirement at the 2026 shareholders meeting, having been a founding board member since 1992 and leading the bank to surpass $1 billion in assets, highlighting his significant impact on the company's growth.
- New Independent Chairman: K. Ryan Smith was appointed as the first independent chairman, having served as a director since 2021, and will continue as president of the university, reflecting a modernization of governance structure and commitment to community service.
- New President Appointment: The company announced Ryan J. Jones as the new president while retaining his role as COO, bringing extensive management experience from his 1999 start in banking, which is expected to enhance operational efficiency and market expansion.
- New Loan Office Opening: The company plans to open a new loan office in Charleston, West Virginia, and is in the early planning stages for expansions in South Bloomfield and Ironton, further strengthening its market presence in Ohio and West Virginia.
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About OVBC
Ohio Valley Banc Corp. is a financial holding company, which owns The Ohio Valley Bank Company (the Bank). The Bank is engaged in commercial and retail banking. The Bank is a full-service financial institution offering a blend of commercial and consumer banking services within southeastern Ohio as well as western West Virginia. The banking services offered by the Bank include the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal and commercial loans; and the making of construction and real estate loans. The Bank offers individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. As part of its lending function, the Bank offers credit card services. In addition to originating loans, the Bank invests in United States government and agency obligations, interest-bearing deposits in other financial institutions, and other investments permitted by applicable law.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ohio Valley Banc Corp. Board Changes Announced
- Board Leadership Change: Ohio Valley Banc Corp. confirmed Thomas E. Wiseman's retirement at the 2026 shareholders meeting, having been a founding board member since 1992 and leading the bank to surpass $1 billion in assets, highlighting his significant impact on the company's growth.
- New Independent Chairman: K. Ryan Smith was appointed as the first independent chairman, having served as a director since 2021, and will continue as president of the university, reflecting a modernization of governance structure and commitment to community service.
- New President Appointment: The company announced Ryan J. Jones as the new president while retaining his role as COO, bringing extensive management experience from his 1999 start in banking, which is expected to enhance operational efficiency and market expansion.
- New Loan Office Opening: The company plans to open a new loan office in Charleston, West Virginia, and is in the early planning stages for expansions in South Bloomfield and Ironton, further strengthening its market presence in Ohio and West Virginia.
See More
Ohio Valley Banc Corp Reports Q1 2026 Earnings
- Net Income Decline: Ohio Valley Banc Corp reported a net income of $4.297 million for Q1 2026, a decrease of $109,000 or 2.5% year-over-year, indicating some pressure on profitability despite strong core performance.
- Interest Income Growth: The net interest income for the first quarter rose to $14.888 million, an increase of $1.748 million or 13.3% from the previous year, primarily driven by growth in average earning assets and margin expansion, showcasing success in the commercial lending market.
- Increased Credit Loss Provision: The provision for credit losses was $1.622 million in Q1 2026, up $1.206 million from the same period last year, mainly due to specific allocations on two collateral-dependent loans, reflecting a cautious approach to potential credit risks.
- Decline in Noninterest Income: Noninterest income totaled $3.288 million for the first quarter, a decrease of $358,000 year-over-year, primarily due to the expiration of a tax processing agreement with a third party, highlighting challenges in noninterest income sources.
See More
Ohio Valley Banc Corp Reports Q1 Earnings Decline Amid Growth in Net Interest Income
- Net Income Decline: Ohio Valley Banc Corp reported a net income of $4.297 million for Q1 2026, a decrease of $109,000 or 2.5% year-over-year, indicating pressure on profitability despite strong core performance.
- Interest Income Growth: The net interest income for the first quarter rose to $14.888 million, a 13.3% increase from the previous year, primarily driven by a $146 million growth in average loans, showcasing the company's ongoing expansion in commercial lending.
- Increased Credit Loss Provision: The provision for credit losses was $1.622 million in Q1 2026, up $1.206 million from the prior year, reflecting a rise in the nonperforming loan ratio to 1.64%, which could impact future profitability.
- Rising Non-Interest Expenses: Total non-interest expenses reached $11.301 million, an increase of $483,000 year-over-year, mainly due to rising salaries and health insurance costs, highlighting challenges in operational cost management.
See More
Ohio Valley Banc Corp. Declares Cash Dividend
- Dividend Declaration: Ohio Valley Banc Corp.'s Board of Directors has declared a cash dividend of $0.25 per common share, payable on May 10, 2026, to shareholders of record as of April 24, 2026, reflecting the company's ongoing commitment to its shareholders.
- Community Commitment: Chairman Tom Wiseman emphasized that despite challenges, the company's Community First mission will only grow stronger, indicating a firm stance on social responsibility and community engagement.
- Historical Milestone: As the company approaches its 154th anniversary, Wiseman noted that while uncertainties lie ahead, the company will seize opportunities to drive growth and enhance its competitive position in the market.
- Business Presence: Ohio Valley Banc Corp. operates 18 branches in Ohio and West Virginia, along with six consumer finance offices, showcasing its extensive influence and service capabilities in the regional market.
See More
Ohio Valley Banc Corp. Declares Cash Dividend
- Dividend Declaration: Ohio Valley Banc Corp.'s Board of Directors has declared a cash dividend of $0.25 per common share, payable on May 10, 2026, to shareholders of record as of April 24, 2026, demonstrating the company's ongoing commitment to shareholder returns.
- Community Commitment: Chairman Tom Wiseman emphasized that despite challenges, the company's Community First mission will only grow stronger, reflecting its steadfast dedication to social responsibility and community impact.
- Historical Milestone: As the company approaches its 154th anniversary, Wiseman noted that while challenges lie ahead, the company aims to seize opportunities to mark another significant year in its history, showcasing confidence in its long-term growth.
- Business Expansion Context: Ohio Valley Banc Corp. operates 18 branches in Ohio and West Virginia, along with six consumer finance offices, indicating a solid foundation and potential for expansion in the regional market.
See More
Ohio Valley Banc Corp Reports Q4 Earnings
- Earnings Per Share: Ohio Valley Banc Corp reported a GAAP EPS of $0.84 for Q4, indicating a level of profitability despite market challenges.
- Revenue Decline: The reported revenue of $16.2 million reflects a 4.6% year-over-year decrease, highlighting pressure on revenue growth in a competitive market environment.
- Impact of Non-Recurring Items: Despite the influence of non-recurring items, Ohio Valley Banc demonstrates strong financial resilience, suggesting stability in its core operations.
- Investor Attention: Seeking Alpha's Quant Rating on Ohio Valley indicates market interest in its future performance, prompting investors to closely monitor subsequent developments.
See More
Ohio Valley Banc Corp. Board Changes Announced
- Board Leadership Change: Ohio Valley Banc Corp. confirmed Thomas E. Wiseman's retirement at the 2026 shareholders meeting, having been a founding board member since 1992 and leading the bank to surpass $1 billion in assets, highlighting his significant impact on the company's growth.
- New Independent Chairman: K. Ryan Smith was appointed as the first independent chairman, having served as a director since 2021, and will continue as president of the university, reflecting a modernization of governance structure and commitment to community service.
- New President Appointment: The company announced Ryan J. Jones as the new president while retaining his role as COO, bringing extensive management experience from his 1999 start in banking, which is expected to enhance operational efficiency and market expansion.
- New Loan Office Opening: The company plans to open a new loan office in Charleston, West Virginia, and is in the early planning stages for expansions in South Bloomfield and Ironton, further strengthening its market presence in Ohio and West Virginia.
See More
Ohio Valley Banc Corp Reports Q1 2026 Earnings
- Net Income Decline: Ohio Valley Banc Corp reported a net income of $4.297 million for Q1 2026, a decrease of $109,000 or 2.5% year-over-year, indicating some pressure on profitability despite strong core performance.
- Interest Income Growth: The net interest income for the first quarter rose to $14.888 million, an increase of $1.748 million or 13.3% from the previous year, primarily driven by growth in average earning assets and margin expansion, showcasing success in the commercial lending market.
- Increased Credit Loss Provision: The provision for credit losses was $1.622 million in Q1 2026, up $1.206 million from the same period last year, mainly due to specific allocations on two collateral-dependent loans, reflecting a cautious approach to potential credit risks.
- Decline in Noninterest Income: Noninterest income totaled $3.288 million for the first quarter, a decrease of $358,000 year-over-year, primarily due to the expiration of a tax processing agreement with a third party, highlighting challenges in noninterest income sources.
See More
Ohio Valley Banc Corp Reports Q1 Earnings Decline Amid Growth in Net Interest Income
- Net Income Decline: Ohio Valley Banc Corp reported a net income of $4.297 million for Q1 2026, a decrease of $109,000 or 2.5% year-over-year, indicating pressure on profitability despite strong core performance.
- Interest Income Growth: The net interest income for the first quarter rose to $14.888 million, a 13.3% increase from the previous year, primarily driven by a $146 million growth in average loans, showcasing the company's ongoing expansion in commercial lending.
- Increased Credit Loss Provision: The provision for credit losses was $1.622 million in Q1 2026, up $1.206 million from the prior year, reflecting a rise in the nonperforming loan ratio to 1.64%, which could impact future profitability.
- Rising Non-Interest Expenses: Total non-interest expenses reached $11.301 million, an increase of $483,000 year-over-year, mainly due to rising salaries and health insurance costs, highlighting challenges in operational cost management.
See More
Ohio Valley Banc Corp. Declares Cash Dividend
- Dividend Declaration: Ohio Valley Banc Corp.'s Board of Directors has declared a cash dividend of $0.25 per common share, payable on May 10, 2026, to shareholders of record as of April 24, 2026, reflecting the company's ongoing commitment to its shareholders.
- Community Commitment: Chairman Tom Wiseman emphasized that despite challenges, the company's Community First mission will only grow stronger, indicating a firm stance on social responsibility and community engagement.
- Historical Milestone: As the company approaches its 154th anniversary, Wiseman noted that while uncertainties lie ahead, the company will seize opportunities to drive growth and enhance its competitive position in the market.
- Business Presence: Ohio Valley Banc Corp. operates 18 branches in Ohio and West Virginia, along with six consumer finance offices, showcasing its extensive influence and service capabilities in the regional market.
See More
Ohio Valley Banc Corp. Declares Cash Dividend
- Dividend Declaration: Ohio Valley Banc Corp.'s Board of Directors has declared a cash dividend of $0.25 per common share, payable on May 10, 2026, to shareholders of record as of April 24, 2026, demonstrating the company's ongoing commitment to shareholder returns.
- Community Commitment: Chairman Tom Wiseman emphasized that despite challenges, the company's Community First mission will only grow stronger, reflecting its steadfast dedication to social responsibility and community impact.
- Historical Milestone: As the company approaches its 154th anniversary, Wiseman noted that while challenges lie ahead, the company aims to seize opportunities to mark another significant year in its history, showcasing confidence in its long-term growth.
- Business Expansion Context: Ohio Valley Banc Corp. operates 18 branches in Ohio and West Virginia, along with six consumer finance offices, indicating a solid foundation and potential for expansion in the regional market.
See More
Ohio Valley Banc Corp Reports Q4 Earnings
- Earnings Per Share: Ohio Valley Banc Corp reported a GAAP EPS of $0.84 for Q4, indicating a level of profitability despite market challenges.
- Revenue Decline: The reported revenue of $16.2 million reflects a 4.6% year-over-year decrease, highlighting pressure on revenue growth in a competitive market environment.
- Impact of Non-Recurring Items: Despite the influence of non-recurring items, Ohio Valley Banc demonstrates strong financial resilience, suggesting stability in its core operations.
- Investor Attention: Seeking Alpha's Quant Rating on Ohio Valley indicates market interest in its future performance, prompting investors to closely monitor subsequent developments.
See More
