BV Financial Q3 net income $3.7M ($0.35 EPS) vs $2.6M; stock conversion raises $98M

BV Financial, Inc.

2023-Q3 EPS reported $1.20

Net income $3.7M ($0.35 diluted EPS) for Q3 2023 vs $2.6M ($0.33) in Q3 2022; nine-month net income $10.7M ($1.20) vs $7.8M ($0.98).
Completed conversion to stock holding company on July 31, 2023; raised $98.0M via offering of 9.8M shares; total equity up $97.1M (99%).
Net loans increased $39.8M (6.0%) to $698.9M; deposits down $38.1M (5.6%) to $646.5M.
Non-performing assets fell to $4.4M from $7.9M; allowance for credit losses at 1.15% of loans vs 0.57% at Dec 2022.
Net interest margin improved to 4.10% from 4.00%; return on avg assets 1.58%, return on avg equity 9.84%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.