Welcome to our dedicated page for Bv Financial news (Ticker: BVFL), a resource for investors and traders seeking the latest updates and insights on Bv Financial stock.
BV Financial, Inc. (BVFL), a federally-chartered savings and loan holding company, serves as your central hub for all official corporate news and financial updates. This page aggregates essential information for stakeholders tracking the company's performance in traditional banking services and community-focused financial solutions.
Access timely updates including quarterly earnings reports, regulatory filings, product launches, and strategic initiatives. Our curated collection ensures investors and analysts can efficiently monitor developments in retail banking services, deposit products, and risk management practices.
Discover comprehensive coverage of BVFL's operations spanning consumer banking updates, business lending activities, and compliance milestones. The repository maintains strict focus on verified corporate communications while providing context for market positioning within the savings and loan sector.
Bookmark this page for direct access to BV Financial's latest announcements, including dividend declarations, leadership changes, and community reinvestment programs. Regular updates ensure you stay informed about this institution's commitment to stable growth and customer-centric financial services.
BV Financial, Inc. (OTC PINK:BVFL) issued a correction to its financial results for Q4 and the fiscal year ended December 31, 2022. The gain on bargain purchase from the North Arundel Savings Bank acquisition was adjusted from $2.3 million to $1.3 million, impacting net income and other key metrics. Post-correction, the net income for 2022 is $10.5 million ($1.41 per diluted share), down from initial figures of $11.5 million. Total assets rose to $844.9 million, while non-performing assets increased to $7.9 million. The Tier 1 leverage capital ratio improved to 13.39%, surpassing regulatory standards for well-capitalized institutions.
BV Financial, Inc. (OTC PINK:BVFL) reported a net income of $11.5 million, or $1.54 per diluted share for the year ending December 31, 2022, up from $9.4 million or $1.32 per diluted share in 2021. The Q4 2022 net income reached $3.7 million or $0.50 per share, up from $2.6 million or $0.36 per share a year earlier. Key factors included a $2.3 million gain from the North Arundel Savings Bank merger and $1.4 million in excess insurance proceeds. Non-performing assets rose to $7.9 million from $4.4 million year-over-year. BV Financial's total assets amounted to $844.1 million, with a Tier 1 leverage capital ratio of 13.34%.
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