OVBC FY 2017 Earnings Report — Ohio Valley Banc Corp. Revenue & Financial Results | Market Cap Arena

Ohio Valley Banc Corp.OVBC

FY 2017 Earnings

Reported March 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$55M	—	$48M	—	15.9%
Op. Income	$12M	—	$9M	—	35.7%
Gross Margin	88.1%	—	87.7%	—	0.4pp
Net Margin	13.6%	—	14.5%	—	-0.9pp
EPS (Diluted)	$1.60	—	$1.59	—	0.6%
Free Cash Flow	$13M	—	$12M	—	9.3%

Revenue Flow

Item	Amount
REVENUE	$55M
Cost of Revenue	$7M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$25M
SG&A Expenses	$26M
Other Expenses	$11M
Operating Expenses	$37M
Cost & Expenses	$43M
OPERATING INCOME	$12M
Interest Income	$46M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$4M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$2M
EBIT	$12M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$55M
Cost of Revenue	$7M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$25M
SG&A Expenses	$26M
Other Expenses	$11M
Operating Expenses	$37M
Cost & Expenses	$43M
OPERATING INCOME	$12M
Interest Income	$46M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$4M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$2M
EBIT	$12M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$2M
Stock-Based Compensation	$428.0K
Deferred Income Tax	$2M
Other Non-Cash Items	$1M
Change in Working Capital	$2M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$26M
Sales/Maturities of Investments	$22M
Other Investing Activities	-$37M
NET CASH FROM INVESTING	-$42M
Net Debt Issuance	-$1M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$66M
NET CASH FROM FINANCING	$62M
FREE CASH FLOW	$13M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$101M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$180M
PP&E (Net)	$13M
Goodwill	$7M
Intangible Assets	$514.0K
Long-Term Investments	$779M
Tax Assets	$0
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$846M
TOTAL ASSETS	$1.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$857M
TOTAL CURRENT LIABILITIES	$872M
Long-Term Debt	$44M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$44M
TOTAL LIABILITIES	$917M
Common Stock	$5M
Additional Paid-In Capital	$48M
Retained Earnings	$73M
Treasury Stock	-$16M
Accum. Other Comp. Income	-$878.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$109M
Minority Interest	$0
TOTAL EQUITY	$109M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$44M
Net Debt	-$32M