secwatch.observer — SEC 8-K summary
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Issuer:     BV Financial, Inc. (BVFL)
CIK:        0001302387
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000950170-23-035300
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BV Financial reports Q2 2023 net income of $3.9M ($0.52 EPS), up from $2.8M ($0.37 EPS) YoY
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- Net income $3.9M ($0.52 EPS) in Q2 2023 vs $2.8M ($0.37) in Q2 2022; six-month net income $7.0M ($0.94) vs $5.2M ($0.70).
- Net interest margin expanded to 4.19% from 3.70% YoY; net interest income $8.2M in Q2 2023 vs $7.2M.
- Gross loans +$35.7M (+5.4%) to $702.9M; deposits -$14.5M (-2.1%) to $670.1M.
- Non-performing assets fell to $5.1M from $7.9M at Dec 2022; allowance for credit losses 1.16% of loans.
- Community stock offering in process; $54.9M collected; expected close July 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302387/000095017023035300/0000950170-23-035300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302387/000095017023035300/bvfl-20230728.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-035300

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer