---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-054821"
form_type: "8-K"
ticker: "BVFL"
cik: "0001302387"
company_name: "BV Financial, Inc."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T13:33:15.163264+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000950170-23-054821
- form_type: 8-K
- ticker: BVFL
- cik: 0001302387
- company_name: BV Financial, Inc.
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1302387/000095017023054821/0000950170-23-054821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1302387/000095017023054821/bvfl-20231023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-054821
- JSON: https://secwatch.observer/filing/0000950170-23-054821.json
- Plain text: https://secwatch.observer/filing/0000950170-23-054821.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.