Ohio Valley Banc (OVBC) Interest Expenses: 2016-2020
Historic Interest Expenses for Ohio Valley Banc (OVBC) over the last 5 years, with Dec 2020 value amounting to $1.3 million.
- Ohio Valley Banc's Interest Expenses fell 29.70% to $1.3 million in Q4 2020 from the same period last year, while for Dec 2020 it was $6.2 million, marking a year-over-year decrease of 14.78%. This contributed to the annual value of $27.0 million for FY2024, which is 70.22% up from last year.
- Latest data reveals that Ohio Valley Banc reported Interest Expenses of $1.3 million as of Q4 2020, which was down 11.93% from $1.5 million recorded in Q3 2020.
- Ohio Valley Banc's Interest Expenses' 5-year high stood at $1.9 million during Q3 2019, with a 5-year trough of $670,000 in Q1 2016.
- Moreover, its 3-year median value for Interest Expenses was $1.6 million (2018), whereas its average is $1.6 million.
- As far as peak fluctuations go, Ohio Valley Banc's Interest Expenses surged by 41.39% in 2018, and later dropped by 29.70% in 2020.
- Quarterly analysis of 5 years shows Ohio Valley Banc's Interest Expenses stood at $806,000 in 2016, then skyrocketed by 40.82% to $1.1 million in 2017, then surged by 37.09% to $1.6 million in 2018, then climbed by 20.12% to $1.9 million in 2019, then decreased by 29.70% to $1.3 million in 2020.
- Its Interest Expenses was $1.3 million in Q4 2020, compared to $1.5 million in Q3 2020 and $1.6 million in Q2 2020.