Salinas, CA – May 1, 2023 – Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited earnings results for the first quarter 2023. Net income for the quarter ended March 31, 2023, was $1.3 million, representing an increase of 12% or $135 thousand over the first quarter ended March 31, 2022. Excluding income generated from loans in the Paycheck Protection Program (“PPP”), core net income in the first quarter of 2023 increased by $819 thousand or 180% compared to the 2022 first quarter core earnings.
