Quarterly ResultJul 24, 2026, 02:46 PM
BV Financial Q2 Net Income $3.5M, EPS $0.42
AI Summary
BV Financial, Inc. reported a net income of $3.5 million, or $0.42 per diluted share, for the second quarter ended June 30, 2026, an increase from $2.9 million, or $0.29 per diluted share, in the same period last year. Net interest income improved to $9.5 million, and the company successfully paid off $35.0 million in FHLB borrowings. However, net loans and total deposits experienced decreases, and non-accrual loans increased during the period. Year-to-date net income was lower due to a first-quarter executive transition expense.
Key Highlights
- Net income for Q2 2026 increased to $3.5 million ($0.42 diluted EPS) from $2.9 million ($0.29 diluted EPS) in Q2 2025.
- Net interest income rose to $9.5 million in Q2 2026 from $9.2 million in Q2 2025, with net interest margin at 4.58%.
- The company paid off $35.0 million in Federal Home Loan Bank borrowings, resulting in a $0.3 million gain.
- Net loans decreased by $44.3 million (5.9%) to $711.6 million compared to December 31, 2025.
- Deposits decreased slightly by $0.2 million (0.03%) to $675.9 million from December 31, 2025.
- Non-accrual loans increased by $1.1 million to $3.4 million at June 30, 2026.
- BV Financial repurchased 230,000 shares of common stock at an average price of $20.03 during the quarter.
- Total assets decreased by $34.3 million (3.76%) to $877.9 million at June 30, 2026.
Price Impact
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