BV Financial, Inc. filings document the bank holding company's public-company reporting for BayVanguard Bank, including Form 8-K disclosures of operating results, balance-sheet trends, stock repurchase authorizations, executive departures and related compensation arrangements, and changes in the independent registered public accounting firm.
Proxy and meeting filings describe director elections, auditor ratification, stockholder voting results, board and audit committee matters, and governance procedures. The filings also identify BVFL common stock, its Nasdaq listing, and disclosure topics tied to deposits, loans, securities portfolios, borrowings, asset quality, credit-loss allowances, and capital management.
BV Financial, Inc. director Joseph S. Galli reported a small open‑market sale of 169 shares of common stock at $20.00 per share through an IRA. After this transaction, he indirectly holds 31,172 common shares via the IRA and 12,100 common shares through a retirement plan, and directly holds 80,309 common shares.
His direct common stock holdings include restricted shares that vest 25% per year starting on September 6, 2025. Galli also holds stock options covering 34,746 underlying common shares with a $14.25 exercise price, expiring on September 6, 2034, which vest 25% per year beginning on the same date.
BV Financial, Inc. director Joseph S. Galli reported open-market sales of a total of 5,000 shares of common stock on May 8, 2026, executed through an IRA at prices of $20.03 and $20.00 per share. After these transactions, the IRA holds 31,341 shares, a retirement plan holds 12,100 shares, and he directly holds 80,309 shares of common stock. He also holds stock options tied to 36,746 underlying shares at an exercise price of $14.25 per share, expiring on September 6, 2034. Footnotes state that restricted stock and these options vest at a rate of 25% per year commencing on September 6, 2025.
BV Financial, Inc. director Joseph S. Galli reported open‑market sales of 5,000 shares of common stock. The trades, executed on May 7 2026 through an IRA, were priced around $20 per share, with individual prices ranging from $20.01 to $20.09.
After these transactions, Galli’s indirect IRA holding stands at 36,740 shares. He also indirectly holds 12,100 shares through a retirement plan and directly owns 80,309 shares of common stock, which include restricted stock that vests 25% per year starting on September 6 2025.
In addition, Galli holds stock options linked to 36,746 shares of common stock with a $14.25 exercise price, vesting 25% per year beginning September 6 2025 and expiring on September 6 2034. Overall, the filing shows a modest net sale while maintaining a substantial ongoing equity position.
BV Financial, Inc. reported lower profitability for the three months ended March 31, 2026. Net income was $1.1 million compared with $2.1 million a year earlier, and basic and diluted earnings per share were $0.13 versus $0.21. Total interest income edged up to $12.1 million, and net interest income rose to $9.1 million, helped by a small recovery of credit losses rather than an expense. However, noninterest expenses increased to $7.6 million, driven mainly by higher compensation and related benefits. At March 31, 2026, total assets were $910.9 million, loans totaled $735.6 million, and deposits were $673.5 million. Regulatory capital remained strong, with a Common Equity Tier 1 capital ratio of 21.27% and a Tier 1 leverage ratio of 16.81%.
BV Financial, Inc. director Joseph S. Galli reported open-market sales of a total of 5,000 shares of common stock held indirectly through an IRA at prices around $20 per share. After these sales, he continues to own 80,309 common shares directly and 12,100 shares through a retirement plan.
Galli also holds stock options covering 36,746 shares of common stock with an exercise price of $14.25 per share that expire on September 6, 2034. According to the filing, these options and included restricted stock vest in 25% annual installments beginning on September 6, 2025.
BV Financial, Inc. reported voting results from its Annual Meeting of Stockholders held on May 7, 2026. Stockholders elected three directors—Gary T. Amereihn, P. David Bramble, and Brian K. McHale—to three-year terms, with each receiving more votes "For" than "Withheld."
Stockholders also approved the ratification of Crowe LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026, with 6,856,915 votes For, 90,294 Against, and 264,880 Abstain, and no broker non-votes reported on this item.
BV Financial, Inc. plans a stock repurchase program for up to 10% of its outstanding common shares, or approximately 861,000 shares, after receiving a non-objection from the Federal Reserve Bank of Richmond.
The new program is expected to begin after the company completes its current repurchase authorization, which has about 45,000 shares remaining. Future buybacks may be made in open-market or private transactions, block trades, or under Rule 10b5-1 trading plans, and will follow Rule 10b-18 and other legal requirements. The company is not obligated to repurchase any specific number of shares or to do so within a set timeframe.
BV Financial, Inc. director Joseph S. Galli reported open-market sales of a total of 6,000 shares of common stock on April 28, 2026. The sales were executed through an IRA account at prices near $20.19 per share.
After these transactions, he indirectly holds 42,693 common shares through the IRA, 12,100 shares through a retirement plan, and directly holds 80,309 shares. He also has stock options covering 36,746 shares at an exercise price of $14.25 per share that vest 25% per year beginning on September 6, 2025 and expire on September 6, 2034.
BV Financial, Inc., parent of BayVanguard Bank, reported net income of $1.1 million, or $0.13 per diluted share, for the quarter ended March 31, 2026, down from $2.1 million, or $0.21, a year earlier, mainly due to a $2.2 million executive transition payment. Non-GAAP adjusted net income rose to $3.3 million from $2.9 million, reflecting underlying performance excluding equity plan expenses and the transition cost.
Net interest income increased to $9.1 million from $8.6 million, with net interest margin improving to 4.36% from 4.12% as lower-cost FHLB borrowings replaced subordinated debt and loan yields rose. Loans declined to $735.6 million and deposits to $673.5 million, while non-performing loans remained low at 0.36% of total loans and the allowance for credit losses covered 282.9% of non-performing loans.