Welcome to our dedicated page for Bv Financial news (Ticker: BVFL), a resource for investors and traders seeking the latest updates and insights on Bv Financial stock.
BV Financial, Inc. (BVFL), a federally-chartered savings and loan holding company, serves as your central hub for all official corporate news and financial updates. This page aggregates essential information for stakeholders tracking the company's performance in traditional banking services and community-focused financial solutions.
Access timely updates including quarterly earnings reports, regulatory filings, product launches, and strategic initiatives. Our curated collection ensures investors and analysts can efficiently monitor developments in retail banking services, deposit products, and risk management practices.
Discover comprehensive coverage of BVFL's operations spanning consumer banking updates, business lending activities, and compliance milestones. The repository maintains strict focus on verified corporate communications while providing context for market positioning within the savings and loan sector.
Bookmark this page for direct access to BV Financial's latest announcements, including dividend declarations, leadership changes, and community reinvestment programs. Regular updates ensure you stay informed about this institution's commitment to stable growth and customer-centric financial services.
BV Financial (NASDAQ:BVFL) reported Q1 2025 financial results with net income of $2.1 million ($0.21 per diluted share), compared to $2.6 million ($0.24 per diluted share) in Q1 2024. Key highlights include:
- Net loans increased 1.65% to $741.3 million
- Deposits grew 0.98% to $657.9 million
- Net interest margin improved to 4.12% from 3.91%
- Return on average assets was 0.92% vs 1.16% year-over-year
- Return on average equity decreased to 4.28% from 5.14%
The company completed its previously announced stock repurchase program in January 2025, buying back 50,038 shares at an average cost of $17.08, and announced a second repurchase program on April 4, 2025. Asset quality metrics showed non-performing assets at $5.0 million, with allowance for credit losses at 1.18% of total loans.
BV Financial (NASDAQ:BVFL) has announced the adoption and regulatory non-objection from the Federal Reserve Bank of Richmond for its second stock repurchase program since its mutual-to-stock conversion in July 2023. The program authorizes the repurchase of up to 10% of outstanding shares (approximately 10,594,044 shares).
The repurchases will begin after the Q1 2025 results release and can be executed through open market purchases, private transactions, or block trades. The program will run until December 31, 2025, unless extended. Management will conduct repurchases at their discretion based on market conditions, trading prices, and alternative capital uses.
BayVanguard Bank, the company's subsidiary, operates fifteen branches across Baltimore metropolitan area and Maryland's eastern shore, providing full-service community banking.
BV Financial (NASDAQ:BVFL) reported net income of $11.7 million ($1.10 per diluted share) for 2024, down from $13.7 million ($1.47 per diluted share) in 2023. Q4 2024 net income was $1.95 million ($0.18 per share), compared to $3.0 million ($0.28 per share) in Q4 2023.
Key financial highlights include: net loans increased 4.74% to $729.2 million, deposits grew 2.74% to $651.5 million, and total assets rose 3.00% to $911.8 million. The company's return on average assets and equity for 2024 were 1.32% and 5.77% respectively.
During 2024, the company repurchased 1.1 million shares at an average cost of $16.27 and issued 343,562 restricted shares valued at $5.0 million. Asset quality improved with non-performing assets decreasing to $4.2 million from $10.7 million in 2023.
BV Financial (NASDAQ:BVFL) reported net income of $3.8 million, or $0.35 per diluted share, for Q3 2024, compared to $3.7 million in Q3 2023. For the nine-month period ended September 30, 2024, net income was $9.8 million or $0.91 per diluted share. Key highlights include:
- Return on average assets and equity for Q3 2024 were 1.70% and 7.32%, respectively.
- Net loans decreased by 1.6% compared to December 31, 2023.
- Deposits increased slightly to $634.3 million.
- Cash and cash equivalents increased by 27.6%.
- Non-accrual loans decreased by 62.4% to $4.0 million.
- Total delinquent loans decreased by 68.4% to $4.4 million.
The company recorded a recovery to the provision for credit losses of $714,000 for Q3 2024 and $806,000 for the nine-month period, primarily due to improved asset quality. Total assets increased by 0.8% to $892.7 million, while stockholders' equity rose by 5.4% to $209.7 million.
BV Financial, Inc. (NASDAQ:BVFL), the holding company for BayVanguard Bank, has announced the adoption and regulatory non-objection for its first stock repurchase program since completing its mutual-to-stock conversion on July 31, 2023. The program, set to begin no earlier than August 1, 2024, allows for the repurchase of up to 10% of the company's outstanding shares (approximately 1,138,772 shares) through June 30, 2025.
The repurchases may be executed in open market or private transactions, subject to management's discretion and various factors including stock price, market conditions, and the company's financial performance. BV Financial is not obligated to repurchase any specific number of shares or within a specific timeframe. The program aims to provide flexibility in capital management and potentially enhance shareholder value.
BV Financial (NASDAQ:BVFL) reported net income of $3.4 million, or $0.32 per diluted share, for Q2 2024, down from $3.9 million, or $0.49 per share, in Q2 2023. For H1 2024, net income was $6.0 million or $0.52 per share, compared to $7.0 million or $0.88 per share in H1 2023. Key highlights include:
- Return on average assets: 1.52%
- Return on average equity: 6.68%
- Deposits increased 1.0% to $640.3 million
- Cash and cash equivalents up 23.0% to $90.4 million
- Non-accrual loans decreased 22.0% to $8.2 million
- Net interest margin improved to 4.33% in Q2 2024
The company's asset quality improved, with non-performing assets decreasing to $8.4 million. The allowance for credit losses on loans was $8.5 million, representing 1.22% of total loans and 103.9% of non-performing loans.