---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005834"
form_type: "8-K"
ticker: null
cik: "0001290476"
company_name: "Village Bank & Trust Financial Corp."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:18:53.957282+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# VBFC Q1 net income $1.77M ($1.19 EPS) vs $1.54M ($1.04) YoY

## Summary
- Net income $1,772,000 ($1.19 diluted EPS) up 15% from $1,540,000 ($1.04) in Q1 2023.
- Net interest margin compressed 7 bps to 3.72% from 3.79% due to higher deposit costs offset by higher asset yields.
- Commercial Banking net income $1,703,000 vs $1,858,000; Mortgage Banking turned profitable at $69,000 vs loss of $318,000.
- Core loans grew 2.84% from Q4 2023 and 9.58% from Q1 2023; deposits up 2.47% from Q4.
- Provision for credit losses $150,000 vs $0; nonperforming loans ratio improved to 0.05% from 0.12% YoY.

## SEC filing metadata
- accession: 0001558370-24-005834
- form_type: 8-K
- cik: 0001290476
- company_name: Village Bank & Trust Financial Corp.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1290476/000155837024005834/0001558370-24-005834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290476/000155837024005834/vbfc-20240426x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005834
- JSON: https://secwatch.observer/filing/0001558370-24-005834.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005834.txt

## Key facts
- Earnings Releases
  Village Bank & Trust Financial Corp. reported the first quarter of 2024 results: net income $1,772,000, EPS $1.19 per fully diluted share.
  - Period: the first quarter of 2024
  - Net income: $1,772,000
  - EPS: $1.19 per fully diluted share
  - Result: reported results
  source text: Net income for the first quarter of 2024 was $1,772,000, or $1.19 per fully diluted share, compared to net income for the first quarter of 2023 of $1,540,000, or $1.04 per fully diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290476/000155837024005834/0001558370-24-005834-index.htm

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