BV Financial, Inc.

For the period ended Mar 31, 2025. Filed May 13, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 13, 2025

BVFL$21.27-3.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(dollars in thousands, except per share amounts)	Three Months Ended March 31,
Interest Income	2025	2024
Loans, including fees	$10,741	$9,782
Investment securities available for sale	350	306
Investment securities held to maturity	47	92
Other interest income	743	824
Total interest income	11,881	11,004
Interest Expense
Interest on deposits	2,601	1,986
Interest on FHLB borrowings	171	—
Interest on subordinated debentures	466	1,055
Total interest expense	3,238	3,041
Net interest income	8,643	7,963
Provision for credit losses	297	18
Net interest income after provision for credit losses	8,346	7,945
Noninterest Income
Service fees on deposits	103	103
Fees from debit cards	164	171
Income from investment in life insurance	87	87
Other income	176	217
Total noninterest income	530	578
Noninterest Expense
Compensation and related benefits	4,524	3,129
Occupancy	444	438
Data processing	397	377
Advertising	6	5
Professional fees	231	112
Equipment	91	102
Foreclosed real estate and holding costs	3	5
Amortization of intangible assets	45	45
FDIC insurance premiums	81	83
Other	356	627
Total noninterest expense	6,178	4,923
Net income before tax	2,698	3,600
Income tax expense	599	1,026
Net income	$2,099	$2,574
Basic earnings per share	$0.21	$0.24
Diluted earnings per share	$0.21	$0.24

See notes to consolidated financial statements. 2

ContentsView on SEC.gov

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