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BV Financial, Inc. Announces Adoption and Regulatory Non-Objection for Stock Repurchase Program

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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) ha annunciato l'adozione e l'assenza di obiezioni regolamentari da parte della Federal Reserve Bank di Richmond per il suo secondo programma di riacquisto di azioni dalla sua conversione da mutua a societaria nel luglio 2023. Il programma autorizza il riacquisto di fino al 10% delle azioni in circolazione (circa 10.594.044 azioni).

I riacquisti inizieranno dopo la pubblicazione dei risultati del Q1 2025 e potranno essere eseguiti attraverso acquisti sul mercato aperto, transazioni private o operazioni in blocco. Il programma continuerà fino al 31 dicembre 2025, salvo proroghe. La direzione effettuerà i riacquisti a propria discrezione in base alle condizioni di mercato, ai prezzi di negoziazione e ad altre opportunità di utilizzo del capitale.

BayVanguard Bank, la sussidiaria dell'azienda, gestisce quindici filiali nell'area metropolitana di Baltimora e sulla costa orientale del Maryland, offrendo servizi bancari comunitari completi.

BV Financial (NASDAQ:BVFL) ha anunciado la adopción y la no objeción regulatoria por parte de la Reserva Federal de Richmond para su segundo programa de recompra de acciones desde su conversión de mutual a corporativa en julio de 2023. El programa autoriza la recompra de hasta el 10% de las acciones en circulación (aproximadamente 10.594.044 acciones).

Las recompras comenzarán después de la publicación de los resultados del Q1 2025 y se podrán ejecutar a través de compras en el mercado abierto, transacciones privadas o operaciones en bloque. El programa se llevará a cabo hasta el 31 de diciembre de 2025, a menos que se extienda. La dirección realizará las recompras a su discreción, basándose en las condiciones del mercado, los precios de negociación y otros usos alternativos de capital.

BayVanguard Bank, la subsidiaria de la empresa, opera quince sucursales en el área metropolitana de Baltimore y la costa oriental de Maryland, proporcionando servicios bancarios comunitarios integrales.

BV Financial (NASDAQ:BVFL)는 2023년 7월 상호에서 주식으로 전환한 이후 두 번째 자사주 매입 프로그램에 대해 리치몬드 연방준비은행의 채택 및 규제 비반대 의견을 발표했습니다. 이 프로그램은 발행 주식의 10% (약 10,594,044주)까지의 매입을 승인합니다.

매입은 2025년 1분기 결과 발표 이후 시작되며, 공개 시장 구매, 사적 거래 또는 블록 거래를 통해 실행될 수 있습니다. 이 프로그램은 2025년 12월 31일까지 진행되며, 연장될 수 있습니다. 경영진은 시장 상황, 거래 가격 및 기타 자본 사용 대안에 따라 자사주 매입을 재량에 따라 수행할 것입니다.

회사의 자회사인 BayVanguard Bank는 볼티모어 대도시 지역과 메릴랜드 동부 해안에 걸쳐 15개의 지점을 운영하며, 종합적인 커뮤니티 뱅킹 서비스를 제공합니다.

BV Financial (NASDAQ:BVFL) a annoncé l'adoption et l'absence d'objection réglementaire de la part de la Réserve fédérale de Richmond pour son deuxième programme de rachat d'actions depuis sa conversion de mutuelle à société en juillet 2023. Le programme autorise le rachat de jusqu'à 10% des actions en circulation (environ 10.594.044 actions).

Les rachats commenceront après la publication des résultats du premier trimestre 2025 et pourront être effectués par le biais d'achats sur le marché ouvert, de transactions privées ou de transactions en bloc. Le programme se poursuivra jusqu'au 31 décembre 2025, sauf prolongation. La direction effectuera les rachats à sa discrétion en fonction des conditions du marché, des prix de négociation et des utilisations alternatives du capital.

La BayVanguard Bank, la filiale de l'entreprise, exploite quinze agences dans la région métropolitaine de Baltimore et sur la côte est du Maryland, offrant des services bancaires communautaires complets.

BV Financial (NASDAQ:BVFL) hat die Annahme und die regulatorische Nicht-Einspruchnahme durch die Federal Reserve Bank von Richmond für sein zweites Aktienrückkaufprogramm seit der Umwandlung von einer Genossenschaft in eine Aktiengesellschaft im Juli 2023 bekannt gegeben. Das Programm autorisiert den Rückkauf von bis zu 10% der ausstehenden Aktien (ca. 10.594.044 Aktien).

Die Rückkäufe beginnen nach der Veröffentlichung der Ergebnisse für das 1. Quartal 2025 und können durch Käufe auf dem offenen Markt, private Transaktionen oder Blockgeschäfte durchgeführt werden. Das Programm läuft bis zum 31. Dezember 2025, sofern es nicht verlängert wird. Das Management wird die Rückkäufe nach eigenem Ermessen basierend auf den Marktbedingungen, den Handelspreisen und alternativen Kapitalverwendungen durchführen.

Die Tochtergesellschaft des Unternehmens, die BayVanguard Bank, betreibt fünfzehn Filialen im Ballungsraum Baltimore und an der Ostküste von Maryland und bietet umfassende Dienstleistungen im Bereich Community Banking an.

Positive
  • Authorization to repurchase 10% of outstanding shares shows confidence in company value
  • Regulatory approval from Federal Reserve Bank demonstrates strong compliance
  • Flexible repurchase methods provide strategic implementation options
  • Program can enhance shareholder value through reduced share count
Negative
  • Capital allocation to buybacks may limit funds for other growth opportunities
  • No obligation to repurchase any specific number of shares
  • Program's effectiveness depends on market conditions and stock price

Insights

BV Financial's announcement of a 10% stock repurchase program (approximately 10,594,044 shares) represents a significant capital allocation decision for this $161 million market cap regional bank. Particularly noteworthy is that this marks their second buyback program since completing their mutual-to-stock conversion less than two years ago in July 2023.

The Federal Reserve Bank of Richmond's non-objection signals regulatory confidence in the bank's capital adequacy - a crucial green light that confirms BV Financial maintains sufficient capital strength to execute this program while meeting regulatory requirements. For a community bank with just 15 branches across Baltimore and Maryland's eastern shore, committing to potentially repurchase 10% of outstanding shares demonstrates considerable financial flexibility.

The program's structure provides management with strategic optionality regarding execution method (open market, private transactions, block trades), timing (post-Q1 earnings through December 2025), and price points. This flexibility allows the company to potentially acquire shares at advantageous valuations while preserving the ability to redirect capital if better opportunities emerge.

For shareholders, buybacks typically create value through multiple mechanisms: reducing outstanding shares improves earnings per share metrics, signals management confidence in financial stability, and often provides price support by increasing demand for shares. Following a mutual-to-stock conversion, such programs can effectively deploy excess capital that commonly results from these transactions while enhancing shareholder returns.

BALTIMORE, MD / ACCESS Newswire / April 4, 2025 / BV Financial, Inc. (the "Company") (NASDAQ:BVFL), the holding company for BayVanguard Bank (the "Bank"), announced today that the Company has adopted, and received the non-objection of the Federal Reserve Bank of Richmond (the "Federal Reserve") to initiate, a stock repurchase program for up to 10% of the Company's outstanding shares of common stock (approximately 10,594,044 shares). This is the Company's second stock repurchase program since completing its mutual-to-stock conversion and related stock offering on July 31, 2023.

Repurchases are expected to commence after the Company publicly releases its results of operations for the period ended March 31, 2025. Once initiated, shares of the Company's common stock may be repurchased pursuant to the program in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The repurchase program will expire on December 31, 2025, unless extended by the Board of Directors pursuant to further non-objection from the Federal Reserve.

Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be subject to the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.

The timing and amount of share repurchases under this authorization may be suspended, terminated or modified by the Company at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.

About BV Financial, Inc.

BV Financial, Inc. is the parent company of BayVanguard Bank. The Bank is headquartered in Baltimore, Maryland with fifteen branches in the Baltimore metropolitan area and the eastern shore of Maryland. The Bank is a full-service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses.

Forward-Looking Statements

Certain statements contained herein constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "may," "will," "would," "intend," "believe," "expect," "plan," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. These statements are based upon the current beliefs and expectations of Company management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: general economic conditions, changes in interest rates, increased competitive pressures, the effects of inflation, general economic conditions or conditions within the securities markets, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve, changes in the quality, size and composition of our loan and securities portfolios, changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio, changes in demand for our products and services, accounting and tax changes, deposit flows, real estate values and competition, changes in accounting and tax principles, policies or guidelines, changes in legislation or regulation and other economic, competitive, governmental, regulatory and technological factors affecting the Company's operations, pricing, products and services, a failure in or breach of our operational or security systems or infrastructure, including cyber attacks that could adversely affect the Company's financial condition and results of operations and the business in which the Company and the Bank are engaged, the failure to maintain current technologies and the failure to retain or attract employees.

The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company does not undertake and specifically disclaims any obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contacts:

David M. Flair and Timothy L. Prindle
Co-President and Chief Executive Officers
BV Financial, Inc.
(410) 477-5000

SOURCE: BV Financial, Inc.



View the original press release on ACCESS Newswire

FAQ

How many shares can BV Financial (BVFL) repurchase under its new program?

BVFL can repurchase up to 10% of its outstanding shares, approximately 10,594,044 shares.

When will BVFL's stock repurchase program begin and end?

The program will begin after Q1 2025 results release and end on December 31, 2025, unless extended.

What methods will BVFL use to repurchase shares?

Shares can be repurchased through open market purchases, private transactions, block trades, or Rule 10b5-1 trading plans.

Is this BVFL's first stock repurchase program?

No, this is the company's second stock repurchase program since its mutual-to-stock conversion on July 31, 2023.

What regulatory approval did BVFL receive for the buyback?

BVFL received non-objection from the Federal Reserve Bank of Richmond to initiate the program.
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149.66M
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Banks - Regional
Savings Institution, Federally Chartered
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United States
BALTIMORE