BV Financial (BVFL) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $3.4M, or $0.42 diluted EPS, versus $3.7M, or $0.41, YoY; 9M net income was $8.0M versus $8.7M.

• Adjusted OPPNR was $5.3M, or $0.65 diluted share, for Q3 and $15.4M, or $1.87 diluted share, for 9M; both periods exceeded prior-year levels.

Financial highlights

• Q3 net interest income was $9.1M versus $9.4M YoY; 9M net interest income was $27.7M versus $27.1M.

• Q3 noninterest expense declined to $5.1M from $5.9M YoY; 9M expense rose to $18.1M from $17.8M, including executive transition costs.

• Total assets were $877.9M at September 30, 2026, down 3.76% from December 31, 2025; deposits were $674.0M, down 0.32%.

• Net loans declined 2.96% to $726.34M from year-end; non-accrual loans increased to $3.2M from $2.3M.

Key financial ratios and metrics

• Q3 return on average assets was 1.57% and return on average equity was 7.50%; prior-year quarter rates were 1.65% and 7.77%.

• Net interest margin was 4.46% in Q3 versus 4.40% YoY, and 4.47% for 9M versus 4.29%.

• Q3 efficiency ratio improved to 51.81% from 58.58% YoY; 9M ratio was 61.71% versus 61.25%.

• Allowance for credit losses was 0.86% of loans and 197.11% of nonperforming loans at September 30, versus 0.85% and 284.7% at December 31, 2025.