BV Financial, Inc. Announces Financial Results [Yahoo! Finance]
BV Financial, Inc. (BVFL)
NASDAQ:AMEX Investor Relations:
investors.bazaarvoice.com
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Source: Yahoo! Finance
BALTIMORE, MD / ACCESSWIRE / October 21, 2024 / BV Financial, Inc. (NASDAQ:BVFL), the holding company for BayVanguard Bank (the "Bank"), today reported net income of $3.8 million, or $0.35 per diluted share, for the quarter ended September 30, 2024 compared to net income of $3.7 million, or $0.35 per diluted share, for the quarter ended September 30, 2023. Net income for the nine-month period ended September 30, 2024 was $9.8 million or $0.91 per diluted share compared to net income of $10.7 million or $1.20 per diluted share for the nine-month period ended September 30, 2023. Financial Highlights Return on average assets and return on average equity for the three months ended September 30, 2024 were 1.70% and 7.32%, respectively. Net loans held to maturity decreased $11.0 million or 1.6% compared to December 31, 2023. Deposits increased slightly to $634.3 million at September 30, 2024 compared to $634.1 million at December 31, 2023. Cash and cash equivalents increased by $
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