---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-006553"
form_type: "8-K"
ticker: "BVFL"
cik: "0001302387"
company_name: "BV Financial, Inc."
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:50:28.316014+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BV Financial Q4 net income falls to $0.28 diluted EPS; deposits drop 7.4% YoY

## Summary
- Q4 net income $3.0M ($0.28 diluted EPS) vs $2.7M ($0.34) in Q4 2022; full-year net income $13.7M ($1.47) up from $10.5M ($1.32).
- Net loans rose 5.6% to $696.2M; deposits fell 7.4% to $634.1M, with noninterest-bearing deposits down 15.1%.
- Total equity soared 103.6% to $199.1M after July 2023 stock conversion raised $86.9M (9.8M shares at $10).
- Net interest margin narrowed to 4.30% in Q4 from 4.45% a year ago; noninterest income fell sharply to $698K from $2.3M.
- Non-performing assets increased to $10.7M (82.9% ACL coverage) vs $7.9M a year earlier.

## SEC filing metadata
- accession: 0000950170-24-006553
- form_type: 8-K
- ticker: BVFL
- cik: 0001302387
- company_name: BV Financial, Inc.
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1302387/000095017024006553/0000950170-24-006553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1302387/000095017024006553/bvfl-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-006553
- JSON: https://secwatch.observer/filing/0000950170-24-006553.json
- Plain text: https://secwatch.observer/filing/0000950170-24-006553.txt

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