Ohio Valley Banc Corp OVBC Software Expense
Software Expense at other companies
Other financials
Where this comes from
Reported directly by Ohio Valley Banc Corp in its filing.
Tagged under the XBRL concept ovbc:SoftwareExpense.
The official record: Ohio Valley Banc Corp’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Ohio Valley Banc Corp's software expense?
- Ohio Valley Banc Corp (OVBC) reported software expense of $673K in Q1 2026.
- How has Ohio Valley Banc Corp's software expense changed year-over-year?
- Ohio Valley Banc Corp's software expense increased by 24.4% year-over-year, from $541K to $673K.
- What is the long-term trend for Ohio Valley Banc Corp's software expense?
- Over 4 years (2021 to 2025), Ohio Valley Banc Corp's software expense has grown at a 6.2% compound annual growth rate (CAGR), from $1.86M to $2.36M.
- What does software expense mean?
- This metric encompasses the costs related to software licensing, maintenance agreements, and cloud-based application subscriptions used to support banking operations. It highlights the bank's reliance on third-party technology platforms to deliver financial services and manage internal workflows. Managing this expense is essential for maintaining operational efficiency in an increasingly digitized banking environment.