BV Financial, Inc.

Report of Independent Registered Public Accounting Firm

Board of Directors and Stockholders

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of BV Financial, Inc. and Subsidiaries

(the “Company”) as of December 31, 2025 and 2024, the related consolidated statements of income,

comprehensive income, consolidated statements of stockholders’ equity, and cash flows for each of the

years in the two-year period ended December 31, 2025, and the related notes (collectively referred to as

the “consolidated financial statements”). In our opinion, the consolidated financial statements referred to

above present fairly, in all material respects, the financial position of the Company as of December 31,

2025 and 2024, and the results of their operations and their cash flows for each of the years in the two-year

period ended December 31, 2025, in conformity with accounting principles generally accepted in the United

States of America.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our

responsibility is to express an opinion on the Company’s financial statements based on our audit.

We are a public accounting firm registered with the Public Company Accounting Oversight Board (United

States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the

U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange

Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we

plan and perform the audit to obtain reasonable assurance about whether the consolidated financial

statements are free of material misstatement, whether due to error or fraud. The Company is not required

to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of

our audit, we are required to obtain an understanding of internal control over financial reporting but not for

the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial

reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the consolidated

financial statements, whether due to error or fraud, and performing procedures that respond to those risks.

Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in

the consolidated financial statements. Our audit also included evaluating the accounting principles used

and significant estimates made by management, as well as evaluating the overall presentation of the

financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ Forvis Mazars, LLP

We have served as the Company’s auditor since 2021.

Tysons, Virginia

March 27, 2026