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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.41
Q3 Net Income
$3.7 mln
Q3 Net Interest Income
$9.40 mln
Q3 Net Interest Margin
4.40%
Press Release: ID:nACSWC6Bca
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(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.)