BVFL delivers solid loan growth, higher interest income, and strong capital returns, showcasing resilient performance and effective financial management.
BVFL's Q3 earnings rise year over year on strong loan growth and improved credit metrics, despite higher compensation expenses and a slight dip in net interest margin.
BALTIMORE, MD / ACCESSWIRE / July 30, 2024 / BV Financial, Inc. (the "Company") (NASDAQ:BVFL), the holding company for BayVanguard Bank (the "Bank"), announced today that the Company has adopted, and received the non-objection of the Federal Reserve Bank of Richmond (the "Federal Reserve") to initiate, a stock repurchase program for up to 10% of the Company's outstanding shares of common stock (approximately 1,138,772 shares). This will be the Company's first stock repurchase program since completing its mutual-to-stock conversion and related stock offering on July 31, 2023.
| Banks Industry | Financials Sector | David M. Flair CEO | NASDAQ (CM) Exchange | 05603E109 CUSIP |
| US Country | 109 Employees | - Last Dividend | 1 Aug 2023 Last Split | - IPO Date |
BV Financial, Inc. serves as the parent company for BayVanguard Bank, a financial institution dedicated to providing a variety of financial services to both individuals and businesses within Maryland. With its foundations laid in 1873, the company has established its headquarters in Baltimore, Maryland. This longstanding financial institution prides itself on its comprehensive suite of financial products and services tailored to meet the diverse needs of its clients, ranging from basic banking solutions to complex loan arrangements and commercial lending.
BV Financial, Inc. offers a broad spectrum of financial products and services aimed at catering to the needs of its clientele. These offerings include: