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BV Financial Inc - BVFL STOCK NEWS

Welcome to our dedicated news page for BV Financial (Ticker: BVFL), a resource for investors and traders seeking the latest updates and insights on BV Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BV Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BV Financial's position in the market.

News
BV Financial, Inc Announces Financial Results
Rhea-AI Summary
BV Financial, Inc announced its financial results for the quarter ended March 31, 2024, reporting a net income of $2.6 million or $0.24 per diluted share, compared to $3.1 million or $0.39 per diluted share in the same period last year. The decrease was primarily due to paying off $3.0 million in debt, resulting in a write-off of $566,000. Return on average assets and equity decreased, while loans and deposits saw slight increases. The company recorded a provision for credit losses and saw changes in its financial condition, liabilities, deposits, and stockholders' equity. Non-performing assets remained stable, and operating results showed a decline in net interest income and noninterest income, with an increase in noninterest expenses. Income tax expenses and effective tax rates also fluctuated.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
earnings
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News
BV Financial, Inc. Announces Financial Results
Rhea-AI Summary
BV Financial, Inc. reported a net income of $13.7 million for the year ended December 31, 2023, with a return on average equity of 9.93%. The company completed its conversion to a stock holding company, selling 9,798,980 shares of its common stock at $10.00 per share. Total equity increased by $101.3 million, and net loans increased by 5.63% to $696.2 million. However, deposits decreased by 7.38% to $634.1 million. Non-performing assets totaled $10.7 million, and the allowance for credit losses on loans was $8.6 million, representing 1.21% of total loans. Net interest income was $34.2 million for the year, with a net interest margin of 4.23%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
earnings
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News
BV Financial, Inc. Announces Financial Results
Rhea-AI Summary
BV Financial, Inc. reported net income of $3.7 million for Q3 2023, compared to $2.6 million in Q3 2022. Net income for the nine-month period was $10.7 million, compared to $7.8 million in the same period last year. Return on average assets was 1.58% for Q3 2023 and 1.61% for the nine-month period. Net loans increased by $39.8 million, while deposits decreased by $38.1 million. Total equity increased by $97.1 million. Total assets were $931.4 million at September 30, 2023, an increase of $86.4 million from December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
earnings
News
BV Financial, Inc. Announces Completion of Conversion and Related Stock Offering
Rhea-AI Summary
BV Financial, Inc. (BVFL) has completed the conversion from the mutual holding company to the stock holding company form of organization, along with a related stock offering. The MHC ceased to exist after the conversion. Approximately 11,374,706 shares of Company common stock are now outstanding, and the stock is expected to trade on the Nasdaq Capital Market under the trading symbol 'BVFL' starting August 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-43.05%
Tags
none
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News
BV Financial, Inc. Announces Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
earnings
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News
BV Financial, Inc. Announces Expected Closing Date of Conversion Transaction
Rhea-AI Summary
BV Financial, Inc. has received all regulatory approvals to close the conversion of Bay-Vanguard, M.H.C., Inc. from mutual to stock form and the related stock offering. The closing is expected on July 31, 2023, and the company's common stock will begin trading on the Nasdaq Capital Market under the symbol 'BVFL' on August 1, 2023. The company expects to sell 9,798,980 shares of its common stock at $10.00 per share, including shares sold to BayVanguard Bank's Employee Stock Ownership Plan. Each outstanding share of common stock will be converted into new shares based on an exchange ratio of 1.5309-to-one, with cash issued for fractional shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
Tags
none
News
BV Financial, Inc. Announces Completion of the Community Offering
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.79%
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none
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News
BV Financial, Inc. Extends Community Offering
Rhea-AI Summary
BV Financial, Inc. has extended the community offering to sell shares of common stock. Valid orders received in the subscription offering will have priority. The community offering will expire on July 14, 2023. Completion of the conversion and stock offering is subject to regulatory approval and the sale of at least 9,775,000 shares at the minimum of the offering range.
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End-of-Day
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News
BV Financial Announces Stockholder and Member Approvals for Pending Conversion Transaction
Rhea-AI Summary
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News
BV Financial, Inc. Increases Maximum Purchase Limitations and Resolicits Maximum Purchasers from the Subscription Offering
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.09%
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Stock BVFL logo
BV Financial Inc

Nasdaq:BVFL

BVFL Rankings

#4135 Ranked by Market Cap
#4784 Ranked by Stock Gains
N/A Ranked by Dividends

BVFL Stock Data

116.37M
9.55M
14.68%
35.33%
0.19%
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