secwatch.observer — SEC 8-K summary
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Issuer:     BV Financial, Inc. (BVFL)
CIK:        0001302387
Form:       8-K
Filed at:   2026-04-24T23:59:59+00:00
Accession:  0001193125-26-177364
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302387/000119312526177364/0001193125-26-177364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302387/000119312526177364/bvfl-20260424.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-177364

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer