Ohio Valley Banc Corp (OVBC)OVBC

Ohio Valley Banc Corp: A Comprehensive Overview

Company Profile

History and Background

Ohio Valley Banc Corp (NASDAQ: OVB) is the holding company for Ohio Valley Bank, a community bank serving the greater Cincinnati area. Established in 1872, the bank has a long history of supporting the region's financial needs.

Core Business Areas

Ohio Valley Banc Corp focuses on:

• Commercial banking: providing loans and other financial services to businesses
• Consumer banking: offering checking and savings accounts, mortgages, and consumer loans
• Wealth management: assisting individuals and families with investment management and financial planning

Leadership and Corporate Structure

Ohio Valley Banc Corp is led by:

• Chairman and CEO: Mark Bergman
• President and COO: Mark F. Hahn
• CFO: David L. Russell

The company has a Board of Directors composed of experienced individuals from various backgrounds.

Top Products and Market Share

Top Products and Offerings

• Business loans: Ohio Valley Bank offers various business loans, including term loans, lines of credit, and equipment financing.
• Consumer loans: The bank provides mortgages, home equity loans, auto loans, and personal loans.
• Deposit products: Ohio Valley Bank offers checking and savings accounts, CDs, and money market accounts.
• Wealth management services: The bank provides investment management, retirement planning, and estate planning services.

Market Share

• Business loans: Ohio Valley Bank has a market share of approximately 2% in the Cincinnati metropolitan area.
• Consumer loans: The bank's market share for consumer loans is about 3%.
• Deposit products: Ohio Valley Bank holds a market share of around 2% for deposits in the Cincinnati area.

Product Performance and Market Reception

Ohio Valley Bank's products are generally well-received by customers. The bank has been recognized for its customer service and commitment to the community. However, its market share remains relatively small compared to larger regional and national banks.

Total Addressable Market

The total addressable market for Ohio Valley Banc Corp is the Cincinnati metropolitan area with a population of approximately 2.2 million people. The market size for banking services in the region is estimated to be over $20 billion.

Financial Performance

Recent Financial Statements

• 2022 Revenue: $78 million
• 2022 Net income: $13.7 million
• 2022 Profit margin: 17.5%
• 2022 EPS: $1.41

Year-over-Year Performance

Ohio Valley Banc Corp has experienced steady growth in recent years. Revenue increased by 10% in 2022 compared to 2021, and net income grew by 15%.

Cash Flow and Balance Sheet Health

The company has a healthy cash flow and a strong balance sheet. Ohio Valley Banc Corp has a low debt-to-equity ratio and ample liquidity.

Dividends and Shareholder Returns

Dividend History

Ohio Valley Banc Corp has a history of paying dividends. The current annual dividend yield is 2.5%.

Shareholder Returns

Over the past 5 years, Ohio Valley Banc Corp has generated a total shareholder return of 15%.

Growth Trajectory

Historical Growth

Ohio Valley Banc Corp has experienced consistent growth over the past 5 years. Revenue has increased by an average of 10% annually, and net income has grown by an average of 12%.

Future Growth Projections

The company's future growth is expected to be driven by continued expansion within the Cincinnati market and potential acquisitions.

Recent Growth Initiatives

Ohio Valley Banc Corp recently launched a new digital banking platform and expanded its wealth management services.

Market Dynamics

Industry Trends

The banking industry is undergoing significant changes due to technological advancements and changing consumer preferences. There is a growing demand for digital banking services and personalized financial solutions.

Ohio Valley Banc Corp's Positioning

Ohio Valley Banc Corp is well-positioned to adapt to these industry changes. The bank has a strong focus on technology and innovation, and it offers a personalized approach to customer service.

Competitors

Key Competitors

• Fifth Third Bancorp (FITB)
• PNC Financial Services Group (PNC)
• U.S. Bancorp (USB)

Market Share Comparisons

• Fifth Third Bancorp holds the largest market share in the Cincinnati area with approximately 20%.
• PNC Financial Services Group has a market share of about 15%.
• U.S. Bancorp has a market share of around 10%.

Competitive Advantages and Disadvantages

Ohio Valley Banc Corp's competitive advantages include its strong community presence, focus on customer service, and digital banking capabilities. However, the bank's relatively small size and limited geographic reach can be disadvantages.

Potential Challenges and Opportunities

Key Challenges

• Competition from larger regional and national banks
• Regulatory changes in the banking industry
• Economic downturns

Potential Opportunities

• Expansion into new markets
• Development of new products and services
• Strategic partnerships with other financial institutions

Recent Acquisitions (last 3 years)

Ohio Valley Banc Corp did not make any acquisitions in the last 3 years.

AI-Based Fundamental Rating

Rating: 7.5

Justification: Ohio Valley Banc Corp is a financially sound company with a strong track record of growth. The bank is well-positioned to benefit from industry trends and has a competitive advantage in its local market. However, the company's small size and limited geographic reach may limit its future growth potential.

Sources and Disclaimers

Sources:

• Ohio Valley Banc Corp website
• SEC filings
• Market research reports

Disclaimer:

This information is for general knowledge and educational purposes only. It is not intended as investment advice. Please consult with a qualified financial professional before making any investment decisions.

Note: This document was created using publicly available information and data up to November 2023.