Business
BV Financial, Inc. Announces Financial Results
BALTIMORE, MD / ACCESS Newswire / January 23, 2026 / BV Financial, Inc. ( NASDAQ:BVFL), (the "Company") the holding company for BayVanguard Bank (the "Bank"), reported net income of $13.5 million, or $1.43 per diluted share, for the year ended December ...
About this update from Bv Financial, Inc.
[{"type":"text","content":"BALTIMORE, MD / ACCESS Newswire / January 23, 2026 / BV Financial, Inc. ( NASDAQ:BVFL), (the "Company") the holding company for BayVanguard Bank (the "Bank"), reported net income of $13.5 million, or $1.43 per diluted share, for the year ended December 31, 2025 compared to net income of $11.7 million, or $1.10 per diluted share, for the year ended December 31, 2024. Net income for the quarter ended December 31, 2025 was $4.8 million, or $0.57 per diluted share, compared to net income of $2.0 million, or $0.18 per diluted share, for the quarter ended December 31, 2024.","length":594,"tagName":"p"},{"type":"text","content":"Adjusted net income, a non-GAAP financial metric, was $16.3 million and $12.9 million for the years ended December 31, 2025 and 2024, respectively. For the quarters ended December 31, 2025 and 2024, adjusted net income was $5.6 million and $2.4 million, respectively. For a reconciliation of Net Income as reported and non-GAAP adjusted net income, see the reconciliation table contained at the end of this press release.","length":421,"tagName":"p"},{"type":"text","content":"The Company also announced today a transition in executive leadership. Additional information regarding this matter in included in the Company's Form 8-K filed with the Securities and Exchange Commission today.","length":214,"tagName":"p"},{"type":"text","content":"FinancialHighlights","length":19,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Return on average assets and return on average equity for the year ended December 31, 2025 were 1.48% and 7.01%, respectively. Return on average assets and return on average equity for the three months ended December 31, 2025 were 2.09% and 10.45%, respectively.","length":262,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loans increased $19.2 million, or 2.6% to $748.5 million at December 31, 2025 compared to $729.2 million at December 31, 2024.","length":130,"tagName":"p"}]},{"val":[{"type":"text","content":"Deposits increased $24.6 million, or 3.8%, from $651.5 million at December 31, 2024 to $676.1 million at December 31, 2025.","length":123,"tagName":"p"}]},{"val":[{"type":"text","content":"During the quarter ended December 31, 2025, the Company paid off the $35.0 million in subordinated debt issued in 2020 concurrently with the acquisition o...