secwatch.observer — SEC 8-K summary
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Issuer:     BV Financial, Inc. (BVFL)
CIK:        0001302387
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000950170-23-054821
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302387/000095017023054821/0000950170-23-054821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302387/000095017023054821/bvfl-20231023.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-054821

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