secwatch.observer — SEC 8-K summary
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Issuer:     BV Financial, Inc. (BVFL)
CIK:        0001302387
Form:       8-K/A
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0000950170-23-038554
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BV Financial Q2 net income $3.9M ($0.52 EPS) vs $2.8M a year ago; H1 net income $7.0M
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- Net income $3.9M for Q2 June 30, 2023, up 39% from $2.8M in Q2 2022; diluted EPS $0.52 vs $0.37.
- Net interest margin improved to 4.19% from 3.70% YoY; net interest income $8.2M vs $7.2M.
- Loans held to maturity increased $35.7M (5.4%) vs Dec 2022; deposits declined $14.5M (2.1%).
- Nonperforming assets fell from $7.9M to $5.1M; allowance for credit losses $8.2M (1.16% of loans).
- Stock offering expected to close July 31, 2023; funds collected $54.9M as of June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302387/000095017023038554/0000950170-23-038554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302387/000095017023038554/bvfl-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-038554

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