secwatch.observer — SEC 8-K summary
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Issuer:     BV Financial, Inc. (BVFL)
CIK:        0001302387
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0000950170-25-009611
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BV Financial FY 2024 net income $11.7M ($1.10 EPS), down from $13.7M ($1.47 EPS) in FY 2023
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302387/000095017025009611/0000950170-25-009611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302387/000095017025009611/bvfl-20250127.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-009611

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