Earnings ·
BV Financial reports $0.42 diluted EPS for Q3 2026 as net income falls to $3.4 million
BVFLBV Financial, Inc.
BV Financial, Inc. reported net income of $3.4 million, or $0.42 per diluted share, for the quarter ended September 30, 2026, a decline from $3.7 million, or $0.41 per diluted share, in the prior-year period. For the nine-month period, net income was $8.0 million, or $0.97 per diluted share, compared to $8.7 million, or $0.88 per diluted share, a year ago. The decrease in year-to-date earnings was driven by a $2.2 million executive transition expense and changes in the provision for credit losses. Operating pre-provision net revenue (OPPNR) rose to $5.3 million from $5.2 million in the third quarter of 2025. Total assets decreased 3.76% to $877.9 million, while borrowings from the Federal Home Loan Bank fell by $30.0 million. The company repurchased approximately 163,540 shares during the quarter. BV Financial is a bank holding company that operates BayVanguard Bank in Maryland.