In the Q2, Oak Valley Bancorp's corporate clients experienced a reduction by -6.28 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 11.66 %. During the corresponding time, Oak Valley Bancorp recorded a revenue increase by 3.68 % year on year, sequentially revenue grew by 1.36 %. While revenue at the Oak Valley Bancorp's corporate clients recorded rose by 1.06 % year on year, sequentially revenue grew by 20.16 %.
Customers of Oak Valley Bancorp saw their costs of revenue decrease by -6.28 % in Q2 compare to a year ago, sequentially costs of revenue grew by 11.66 %, for the same period Oak Valley Bancorp recorded revenue increase by 3.68 % year on year, sequentially revenue grew by 1.36 %.
Oak Valley Bancorp's Comment on Sales, Marketing and Customers
The Bank serves individual and business customers primarily in California's Central Valley, including Stanislaus, San Joaquin, Tuolumne, Sacramento, and Placer counties, as well as foothill locations and the Highway 395 corridor in the Eastern Sierras, including Bishop, Mammoth, and Bridgeport. It provides commercial and real estate loans, lines of credit, and banking services such as online and mobile banking, merchant services, and ATM access. Traditional residential mortgages are offered through a third party. The Bank operates nineteen full-service branches in Oakdale, Sonora, Modesto, Bridgeport, Mammoth Lakes, Bishop, Escalon, Patterson, Turlock, Ripon, Stockton, Manteca, Tracy, Sacramento, Roseville, and Lodi. No single customer accounts for more than 10% of its revenues. Approximately 99% of its loans and 90% of its deposits originate from the Central Valley area, which has a population exceeding five million.
Oak Valley Community Bank, a subsidiary of Oak Valley Bancorp, has been named one of the 2024 Best Places to Work: Central Valley by Best Companies Group. Additionally, the bank has been acknowledged by Opportunity Stanislaus for its efforts in growing the economy through a notable increase in its workforce during 2023. Despite these achievements, Oak Valley Bancorp has recorded a decline in both its revenue and its corporate customers revenue during the same period.Key Facts:1. Oak Valley Community Bank has been recognized as one of the Best Places to Work in the Central Valley region by Best Companies Group.2. The bank experienced a workforce expansion of 10% or more throughout 2023, resulting in recognit...
Oak Valley Bancorp’s Comment on Sales, Marketing and Customers
The Bank serves individual and business customers primarily in California's Central Valley, including Stanislaus, San Joaquin, Tuolumne, Sacramento, and Placer counties, as well as foothill locations and the Highway 395 corridor in the Eastern Sierras, including Bishop, Mammoth, and Bridgeport. It provides commercial and real estate loans, lines of credit, and banking services such as online and mobile banking, merchant services, and ATM access. Traditional residential mortgages are offered through a third party. The Bank operates nineteen full-service branches in Oakdale, Sonora, Modesto, Bridgeport, Mammoth Lakes, Bishop, Escalon, Patterson, Turlock, Ripon, Stockton, Manteca, Tracy, Sacramento, Roseville, and Lodi. No single customer accounts for more than 10% of its revenues. Approximately 99% of its loans and 90% of its deposits originate from the Central Valley area, which has a population exceeding five million.
Sources:
Oak Valley Bancorp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Oak Valley Bancorp’s corporate clients.
For your research, we’ve provided 9 tables on Oak Valley Bancorp corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
4.27 %
2 % 