---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-046809"
form_type: "8-K"
ticker: "BVFL"
cik: "0001302387"
company_name: "BV Financial, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:28:53.601905+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BV Financial Q1 2024 net income $2.6M ($0.24 EPS) vs $3.1M ($0.39 EPS) YoY

## Summary
- Net income $2.6M, diluted EPS $0.24, down from $3.1M and $0.39 in Q1 2023.
- $3.0M junior sub debt pay-off caused $566K write-off, increasing interest expense and lowering net income.
- Net interest margin 3.91% vs 4.34% YoY, as cost of interest-bearing liabilities rose 125 bps.
- Noninterest expense rose to $4.9M from $4.7M due to higher compensation and fraud losses.
- Loans grew 0.56% to $708.7M; deposits up 0.85% to $639.5M; nonperforming loans $10.7M.

## SEC filing metadata
- accession: 0000950170-24-046809
- form_type: 8-K
- ticker: BVFL
- cik: 0001302387
- company_name: BV Financial, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1302387/000095017024046809/0000950170-24-046809-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1302387/000095017024046809/bvfl-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-046809
- JSON: https://secwatch.observer/filing/0000950170-24-046809.json
- Plain text: https://secwatch.observer/filing/0000950170-24-046809.txt

## Key facts
- Earnings Releases
  BV Financial, Inc. reported the three months ended March 31, 2024 results: net income $2.6 million, EPS $0.24 per diluted share.
  - Period: the three months ended March 31, 2024
  - Net income: $2.6 million
  - EPS: $0.24 per diluted share
  - Result: reported results
  source text: On April 22, 2024, BV Financial, Inc. (the “Company”), the holding company for BayVanguard Bank, issued a press release announcing its financial results for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1302387/000095017024046809/0000950170-24-046809-index.htm

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