---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-177364"
form_type: "8-K"
ticker: "BVFL"
cik: "0001302387"
company_name: "BV Financial, Inc."
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:10:41.213062+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-177364
- form_type: 8-K
- ticker: BVFL
- cik: 0001302387
- company_name: BV Financial, Inc.
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1302387/000119312526177364/0001193125-26-177364-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1302387/000119312526177364/bvfl-20260424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-177364
- JSON: https://secwatch.observer/filing/0001193125-26-177364.json
- Plain text: https://secwatch.observer/filing/0001193125-26-177364.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1302387/000119312526177364/0001193125-26-177364-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.