BV Financial, Inc. (BVFL) reported net income of $3.5 million, or $0.42 per diluted share, for the quarter ended June 30, 2026, compared with $2.9 million, or $0.29 per diluted share, in the year-earlier quarter.
For the six months ended June 30, 2026, net income was $4.6 million, or $0.55 per diluted share, compared with $5.0 million, or $0.50 per diluted share, for the same period in 2025. The company said the year-to-date decrease was due to a $2.2 million first-quarter executive transition expense and related tax impact.
- Net interest income was $9.5 million for the quarter, compared with $9.2 million a year earlier.
- Net interest margin was 4.58% for the quarter, compared with 4.36% in the prior-year period.
- Total assets were $877.9 million at June 30, 2026, down from $912.2 million at Dec. 31, 2025.
- Total deposits were $675.9 million at June 30, 2026, compared with $676.1 million at Dec. 31, 2025.
- Net loans decreased to $711.6 million from $754.9 million at Dec. 31, 2025.
- The company repaid all $35.0 million in Federal Home Loan Bank of Atlanta borrowings outstanding at March 31, 2026.
- During the quarter, BV Financial repurchased 230,000 shares at an average price of $20.03.
