earnings
confidence high
sentiment neutral
materiality 0.55
BV Financial reports Q3 net income $3.8M ($0.35 EPS); asset quality improves with non-accrual loans down 62%
BV Financial, Inc.
2024-Q3 EPS reported
$0.91
- Net income $3.8M ($0.35 diluted EPS) in Q3 2024 vs $3.7M ($0.35) in Q3 2023.
- Net interest margin expanded to 4.49% from 4.10% year-over-year.
- Non-accrual loans fell 62.4% to $4.0M; provision credit of $714K recognized.
- Loans decreased 1.6% to $693.2M; deposits flat at $634.3M.
- Nine-month net income $9.8M ($0.91) down from $10.7M ($1.20) due to prior-year gains.