secwatch.observer — SEC 8-K summary
======================================

Issuer:     BV Financial, Inc. (BVFL)
CIK:        0001302387
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0000950170-24-006553
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302387/000095017024006553/0000950170-24-006553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302387/000095017024006553/bvfl-20240123.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-006553

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer