BV Financial reported net income of $3.5 million, or $0.42 per diluted share, for the quarter ended June 30, 2026, up from $2.9 million, or $0.29 per diluted share, in Q2 2025. Adjusted net income was $3.9 million, or $0.47 per diluted share, for Q2 2026; operating pre-provision net revenue (OPPNR) was $5.2 million, or $0.63 per diluted share. For the six-month period, net income was $4.6 million ($0.55 diluted) and adjusted net income was $7.1 million ($0.86 diluted).

Financial Highlights

  • Net income (GAAP) for Q2 2026: $3.5 million; diluted EPS: $0.42 (Q2 2025: $2.9 million, $0.29 diluted).
  • Adjusted net income (Non-GAAP) for Q2 2026: $3.9 million; adjusted diluted EPS: $0.47 (Q2 2025 adjusted diluted EPS: $0.37).
  • Operating Pre-Provision Net Revenue (OPPNR) for Q2 2026: $5.2 million; OPPNR per diluted share: $0.63 (Q2 2025 OPPNR: $5.4M, $0.54 diluted).
  • Net interest income for Q2 2026: $9.5 million; net interest margin: 4.58% (Q2 2025: $9.2M; NIM 4.36%).
  • Six months ended June 30, 2026 — net income: $4.6 million ($0.55 diluted); adjusted net income: $7.1 million ($0.86 diluted); OPPNR YTD: $10.1 million ($1.22 diluted).

Business Highlights

  • Total assets were $877.9 million at June 30, 2026, down $34.3 million from December 31, 2025, primarily due to using cash from loan runoff to repay borrowings.
  • Net loans decreased $44.3 million (5.9%) to $710.6 million versus December 31, 2025; largest reductions in construction & land, commercial investor real estate and commercial loan categories.
  • All $35.0 million of outstanding Federal Home Loan Bank of Atlanta borrowings at March 31, 2026 were repaid during Q2, reducing interest expense and FHLB stock requirements.
  • Deposits held essentially steady at $675.9 million at June 30, 2026 versus $676.1 million at year-end; interest-bearing deposits were flat at $138.4 million.
  • Asset quality: non-performing loans increased to $3.4 million at June 30, 2026 from $2.3 million at December 31, 2025; allowance for credit losses on loans was $6.2 million (0.87% of total loans).

Original SEC Filing:

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