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BVFL — BV Financial News Story

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BV Financial Q3 net income dips on higher compensation expenses

Overview

BV Financial Q3 net income slightly decreases to $3.7 mln from $3.8 mln last year

Company announces new stock repurchase program with regulatory non-objection

BV Financial repurchased 782,324 shares at an average price of $16.14

Outlook

Company announces stock repurchase program for up to 10% of outstanding shares

Repurchase program expires June 30, 2026, unless extended

Result Drivers

COMPENSATION EXPENSES - Higher compensation expenses, including equity incentive plan costs

NET INTEREST INCOME - Increase due to higher average balances of interest-earning assets and higher yields on these assets

STOCK REPURCHASE - Repurchased 782,324 shares at an average price of $16.14

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPS$0.41
Q3 Net Income$3.7 mln
Q3 Net Interest Income$9.40 mln
Q3 Net Interest Margin4.40%
Press Release: ID:nACSWC6Bca For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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