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

Issuer:     BV Financial, Inc. (BVFL)
CIK:        0001302387
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0000950170-24-084896
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BV Financial Q2 net income $3.4M ($0.32/sh) down from $3.9M ($0.49) YoY
-----------------------------------------------------------------------

- Net income $3.4M ($0.32 diluted EPS) for Q2 ended June 30, 2024; prior year $3.9M ($0.49).
- Net interest margin improved to 4.33% in Q2 2024 vs 4.19% in Q2 2023.
- Total deposits rose 1.0% to $640.3M; non-accrual loans fell 22% to $8.2M.
- Recovery of provision for credit losses of $111K in quarter; allowance 1.22% of loans.
- Noninterest income dropped to $600K from $1.4M due to prior year $678K gain on real estate sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302387/000095017024084896/0000950170-24-084896-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302387/000095017024084896/bvfl-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084896

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