BV Financial, Inc.
Business
BV Financial, Inc. is a bank holding company that conducts operations primarily through its subsidiary BayVanguard Bank, a Maryland-chartered commercial bank. The bank takes deposits from the general public and invests those deposits in commercial real estate loans, one- to four-family residential real estate loans, commercial loans, construction and land loans, and other consumer loans, while also investing in investment securities. BayVanguard Bank operates thirteen branches in the Baltimore metropolitan area and Eastern Shore of Maryland, with its investment real estate group originating loans outside its primary market area across 38 states.
Summary from 10-K filed 2026-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Loans, including fees | 46 | 41 | 38 | 31 | |
| Investment securities available for sale | 1 | 1 | 1 | 610,000 | |
| Investment securities held to maturity | 185,000 | 314,000 | 367,000 | 245,000 | |
| Other interest income | 3 | 4 | 4 | 1 | |
| Total interest income | 50 | 47 | 43 | 33 | |
| Interest on deposits | 11 | 9 | 6 | 1 | |
| Interest on FHLB borrowings | 279,000 | 2,000 | 1 | 11,000 | |
| Interest on subordinated debentures | 2 | 2 | 2 | 2 | |
| Total interest expense | 13 | 11 | 9 | — | |
| Net interest income | 37 | 35 | 34 | 30 | |
| Recovery of credit losses | −2 | −203,000 | −45,000 | 1 | |
| Net interest income after (recovery of) provision for credit losses | 39 | 35 | 34 | 29 | |
| Income from investment in life insurance | 383,000 | 400,000 | 641,000 | 1 | |
| Gain on foreclosed real estate | 26,000 | — | 709,000 | — | |
| Loss on sale of fixed assets | −32,000 | — | 188,000 | 246,000 | |
| Other income | 1 | 982,000 | 1 | 3 | |
| Total noninterest income | 3 | 3 | 4 | 6 | |
| Compensation and related benefits | 16 | 14 | 12 | 10 | |
| Occupancy | 2 | 2 | 2 | 2 | |
| Data processing | 2 | 1 | 1 | 1 | |
| Advertising | 37,000 | 23,000 | 43,000 | 23,000 | |
| Professional fees | 933,000 | 1 | 886,000 | 607,000 | |
| Equipment | 370,000 | 396,000 | 425,000 | 436,000 | |
| Foreclosed real estate and holding costs | 5,000 | 13,000 | 186,000 | 965,000 | |
| Amortization of intangible assets | 180,000 | 181,000 | 183,000 | 183,000 | |
| FDIC insurance premiums | 330,000 | 326,000 | 336,000 | 219,000 | |
| Other | 2 | 2 | 2 | 4 | |
| Total noninterest expense | 23 | 21 | 19 | 20 | |
| Net income before tax | 19 | 16 | 19 | 15 | |
| Income tax expense | 5 | 5 | 5 | 4 | |
| Net income | 13 | 12 | 14 | 11 | |
| Basic earnings per share | 1.44 | 1.1 | 1.47 | 1.32 | |
| Diluted earnings per share | 1.43 | 1.09 | 1.47 | 1.32 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 6 | 6 | 9 | 13 | — | |
| Interest-bearing deposits in other banks | 50 | 65 | 64 | 56 | — | |
| Cash and cash equivalents | 56 | 71 | 74 | 69 | — | |
| Equity Investment | 404,000 | 391,000 | 256,000 | 221,000 | — | |
| Securities available for sale | 33 | 37 | 35 | 33 | — | |
| Securities held to maturity (fair value of $5,101 and $5,171, ACL of $2 and $4) | 6 | 6 | 10 | 10 | — | |
| Loans held for maturity | 755 | 738 | 705 | 663 | — | |
| Allowance for credit losses | −6 | −9 | −9 | −4 | −3 | |
| Net loans | 748 | 729 | 696 | 659 | — | |
| Other real estate owned | 0 | 159,000 | 170,000 | 2 | — | |
| Premises and equipment, net | 12 | 13 | 14 | 15 | — | |
| Federal Home Loan Bank of Atlanta stock, at cost | 2 | 1 | 626,000 | 977,000 | — | |
| Investment in life insurance | 20 | 20 | 20 | 20 | — | |
| Accrued interest receivable | 3 | 3 | 3 | 3 | — | |
| Goodwill | 14 | 14 | 14 | 14 | — | |
| Intangible assets, net | 651,000 | 831,000 | 1 | 1 | — | |
| Deferred tax assets, net | 8 | 9 | 9 | 9 | — | |
| Other assets | 8 | 6 | 8 | 8 | — | |
| Total assets | 912 | 912 | 885 | 845 | — | |
| Noninterest-bearing deposits | 138 | 130 | 142 | 167 | — | |
| Interest-bearing deposits | 538 | 522 | 492 | 517 | — | |
| Total deposits | 676 | 651 | 634 | 685 | — | |
| FHLB borrowings | 35 | 15 | 0 | 12 | — | |
| Subordinated Debentures | 0 | 35 | 37 | 37 | — | |
| Other liabilities | 17 | 15 | 15 | 14 | — | |
| Total liabilities | 728 | 716 | 686 | 747 | — | |
| Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding | 0 | 0 | 0 | — | — | |
| Common stock, $0.01 par value; 45,000,000 shares authorized at December 31, 2025 and December 31, 2024; 8,852,813 shares issued and outstanding as of December 31, 2025 and 10,645,284 shares issued and outstanding as of December 31, 2024 | 88,000 | 106,000 | 114,000 | 74,000 | — | |
| Paid-in capital | 69 | 95 | 110 | 15 | — | |
| Unearned common stock held by employee stock ownership plan | −7 | −7 | −7 | — | — | |
| Retained earnings | 123 | 109 | 98 | 85 | — | |
| Accumulated other comprehensive loss | −1 | −2 | −2 | −2 | — | |
| Total stockholders' equity | 184 | 195 | 199 | 98 | 83 | |
| Total liabilities and stockholders' equity | 912 | 912 | 885 | 845 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Net accretion of discounts and premiums | 72,000 | −57,000 | −117,000 | −681,000 | |
| Proceed payments received on foreclosed real estate | — | 11,000 | — | — | |
| Amortization of deferred loan fees/costs | 48,000 | 415,000 | −475,000 | −1 | |
| Amortization of debt issuance costs | 117,000 | 155,000 | 156,000 | 155,000 | |
| Write off fair market value of subordinated debt | — | 566,000 | — | — | |
| Depreciation of premises and equipment | 633,000 | 822,000 | 869,000 | 860,000 | |
| Loss on sale of assets | 32,000 | — | −188,000 | — | |
| Deferred tax expense (benefit) | 1 | −58,000 | 207,000 | 308,000 | |
| Increase in cash surrender value of life insurance | −383,000 | −400,000 | −405,000 | −398,000 | |
| Stock-based compensation expense | 4 | 2 | 357,000 | 258,000 | |
| ESOP compensation expense | 182,000 | 168,000 | 511,000 | — | |
| Increase in accrued interest and other assets | 673,000 | 2 | −299,000 | 852,000 | |
| Increase (decrease) increase in other liabilities | 1 | −1 | 1 | −694,000 | |
| Net cash provided by operating activities | 19 | 16 | 15 | 10 | |
| Increase in equity trading account | −13,000 | 7,000 | — | — | |
| Proceeds from maturities and principal payments of investment securities available for sale | 21 | 12 | 5 | 8 | |
| Purchases of investment securities available for sale | −16 | −15 | −7 | −5 | |
| Proceeds from maturities and principal payments of investment securities held to maturity | 244,000 | 4 | 488,000 | 2 | |
| Net increase in loans | −17 | −33 | −38 | −40 | |
| Purchase of premises and equipment | −237,000 | −611,000 | −155,000 | −502,000 | |
| Proceeds from sale of Federal Home Loan Bank Stock | 1 | — | 2 | 510,000 | |
| Purchase of Federal Home Loan Bank of Atlanta stock | −2 | −740,000 | −1 | −1 | |
| Net cash used in investing activities | −13 | −32 | −35 | −28 | |
| (Decrease) increase in official checks | −376,000 | 181,000 | −410,000 | 648,000 | |
| Net increase in deposits | 25 | 17 | −50 | −36 | |
| Increase in advance payments by borrowers for taxes and insurance | 270,000 | 1 | 231,000 | −1 | |
| Advances from the Federal Home Loan Bank of Atlanta | 35 | 15 | 26 | 24 | |
| Repayments of advances from Federal Home Loan Bank of Atlanta | −15 | — | −38 | −12 | |
| Repayments of subordinated debt | −35 | −3 | — | — | |
| Repurchase of shares | −30 | −18 | — | — | |
| Net cash (used in) provided by financing activities | −21 | 13 | 25 | −24 | |
| Net increase (decrease) in cash and cash equivalents | −15 | −3 | 5 | −43 | |
| Interest paid | 13 | 11 | 9 | 3 | |
| Income taxes paid | 3 | 6 | — | — | |
| Net change on equity and available for sale securities | −677,000 | 37,000 | — | — | |
| Net change on loans | −159,000 | −200,000 | — | — | |
| Net change in foreclosed real estate | 159,000 | — | — | — | |
| Transfers from property plant and equipment to other assets | 303,000 | 815,000 | — | — | |
| Deferred tax assets | 186,000 | 128,000 | — | — | |
| Net change in adjusted other comprehensive income | 491,000 | 337,000 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BV Financial, Inc.'s CIK number?
BV Financial, Inc.'s SEC CIK number is 0001302387 (1302387). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BV Financial, Inc.'s SEC filings?
All of BV Financial, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BV Financial, Inc. last report earnings?
BV Financial, Inc. (BVFL) most recently filed an earnings 8-K with the SEC on Apr 24, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-177364). This is BV Financial, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is BV Financial, Inc.'s most recent earnings 8-K?
BV Financial, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 24, 2026 under accession 0001193125-26-177364. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View BV Financial, Inc.'s latest earnings 8-K →
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