BV Financial, Inc.

BV Financial, Inc. reported net income of $13.5 million for fiscal year 2025, driven by net interest income of $36.9 million and a recovery of credit losses of $2.4 million. Total interest income was $49.7 million, primarily from loans ($45.6 million), while total interest expense was $12.8 million. Noninterest income contributed $2.7 million, and noninterest expenses totaled $23.2 million, with compensation being the largest component at $16.2 million. The company's total assets grew to $912.2 million, with loans held for maturity at $754.9 million and total deposits at $676.1 million. The allowance for credit losses was $6.4 million, representing 0.85% of total loans. The company generated $19.0 million in net cash from operating activities but had a net decrease in cash of $14.8 million due to investing and financing activities. Key risks include concentration in commercial real estate lending (53.2% of loan portfolio), interest rate sensitivity, and geographic concentration in Maryland.

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