BV Financial, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 13, 2026, reporting third-quarter net income of $3,436 thousand and nine-month net income of $7,989 thousand.

Key Highlights

  • Third-quarter net income: $3,436 thousand, compared with $3,730 thousand in the same quarter of 2025, according to the filing.
  • Nine-month net income: $7,989 thousand for the nine months ended September 30, 2026, versus $8,690 thousand for the same period of 2025.
  • Diluted earnings per share: $0.42 for Q3 2026 and $0.97 for the nine months ended September 30, 2026, as reported in the filing.
  • Total assets: $877,997 thousand as of September 30, 2026, down from $912,213 thousand at December 31, 2025.
  • Total deposits: $673,956 thousand at September 30, 2026, compared with $676,094 thousand at December 31, 2025.
  • FHLB borrowings: Reduced to $5,000 thousand at September 30, 2026 from $35,000 thousand at December 31, 2025.
  • Shares outstanding: 8,298,260 shares of common stock outstanding as of November 12, 2026, per the filing.

BV Financial's Financial Position and Income for the Nine Months Ended September 30, 2026

According to the 10-Q filed with the SEC, BV Financial, Inc. (NASDAQ:BVFL) reported total interest income of $11,963 thousand for the three months ended September 30, 2026, down from $12,527 thousand in the prior-year quarter. For the nine-month period, total interest income was $36,250 thousand versus $36,674 thousand a year earlier. Total interest expense for the third quarter of 2026 was $2,886 thousand, compared with $3,177 thousand in Q3 2025, resulting in net interest income of $9,077 thousand for the quarter and $27,726 thousand for the nine-month period.

The filing disclosed that total noninterest expense for the nine months ended September 30, 2026 was $18,144 thousand, compared with $17,810 thousand for the same period of 2025. Compensation and related benefits, the largest noninterest expense line item, were $12,704 thousand for the nine months ended September 30, 2026 versus $12,606 thousand a year prior. The company reported a provision for credit losses of $213 thousand in Q3 2026, compared with a recovery of credit losses of $1,014 thousand in Q3 2025.

On the balance sheet, the filing showed total loans of $732,673 thousand and an allowance for credit losses of $6,331 thousand as of September 30, 2026, yielding net loans of $726,342 thousand. Total stockholders' equity was $184,229 thousand at September 30, 2026, up slightly from $183,804 thousand at December 31, 2025. During the three months ended September 30, 2026, the company repurchased shares in an amount recorded as $(2,776) thousand against paid-in capital and common stock. The accumulated other comprehensive loss widened to $(1,457) thousand at September 30, 2026 from $(1,130) thousand at December 31, 2025, reflecting unrealized losses on securities available for sale.

What Was Disclosed

BV Financial filed its quarterly report covering the period ended September 30, 2026, disclosing unaudited consolidated financial statements including balance sheets, income statements, and changes in stockholders' equity, along with related notes and management's discussion.