earnings
confidence high
sentiment negative
materiality 0.70
BV Financial FY 2024 net income $11.7M ($1.10 EPS), down from $13.7M ($1.47 EPS) in FY 2023
BV Financial, Inc.
2024-FY EPS reported
$1.09
- Q4 2024 net income $1.95M ($0.18 EPS) vs $3.0M ($0.28 EPS) a year ago; adjusted net income was $12.9M for both full years.
- Net loans grew 4.74% to $729.2M; deposits increased 2.74% to $651.5M; $50M in brokered CDs replaced retail deposit runoff.
- Net interest margin improved to 4.27% for FY 2024 from 4.23% in FY 2023; noninterest expense rose to $21.5M from $19.4M.
- Company repurchased 1.1M shares at avg $16.27; equity decreased $3.6M to $195.5M after buybacks.
- Non-performing assets fell to $4.2M from $10.7M; ACL coverage of NPLs rose to 212.5% from 82.9%.