BV Financial, Inc. Announces Financial Results
BV Financial reported Q2 2026 net income of $3.5 million, or $0.42 per diluted share, up from $2.9 million, or $0.29 per share, in the year-ago quarter. The net interest margin expanded to 4.58% from 4.36%, aided by higher yields on assets and lower interest expense following the payoff of $35 million in FHLB borrowings. The company repurchased 230,000 shares at an average price of $20.03 during the quarter. Asset quality remains mixed, with non-performing assets increasing to $3.4 million, though the allowance for credit losses covers 182% of non-performing loans.
Key figures
- Eps
- 0.42
- Revenue
- 9538000
- Repurchase price
- 20.03
- Shares repurchased
- 230000
- Net interest income
- 9538000
- Net interest margin
- 4.58%
- Non performing assets
- 3400000
- Fhlb borrowings payoff
- 35000000
- Return on average assets
- 1.54%
- Return on average equity
- 7.56%
- Allowance for credit losses
- 6214000
- Tangible book value per share
- 19.74
AI analysis
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