BV Financial Q1 net income falls to $1.1M on $2.2M CEO payout; adjusted net income rises

BV Financial, Inc.

2026-Q1 EPS reported $0.13

GAAP net income $1.1M ($0.13 diluted EPS) vs $2.1M ($0.21) YoY; adjusted net income $3.3M vs $2.9M.
Former Co-President & CEO David Flair resigned in Jan; received $2.2M payout in Q1, reducing reported earnings.
Net interest margin expanded to 4.36% from 4.12%; net interest income rose to $9.1M from $8.6M.
Repurchased 102,076 shares at weighted-average $18.72; loans down 2.6% to $735.6M.
Non-performing loans $2.6M vs $2.3M; allowance for credit losses stable at $6.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BV Financial, Inc. reported the quarter ended March 31, 2026 results: net income $1.1 million, EPS $0.13 per diluted share.

Period: the quarter ended March 31, 2026
Net income: $1.1 million
EPS: $0.13 per diluted share
Result: reported results

Exact text from the filing

RESULTS Baltimore, Maryland, April 24, 2026– BV Financial, Inc. (NASDAQ: BVFL), (the “Company”) the holding company for BayVanguard Bank (the “Bank”), reported net income of $1.1 million or $0.13 per diluted share for the quarter ended March 31, 2026 compared to net income of $2.1 million or $0.21 per diluted share for the quarter ended March 31, 2025. Adjusted

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Source: SEC EDGAR

accession 0001193125-26-177364

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