Overview

* BV Financial ( BVFL ) Q3 net income slightly decreases to $3.7 mln from $3.8 mln last year

* Company announces new stock repurchase program with regulatory non-objection

* BV Financial ( BVFL ) repurchased 782,324 shares at an average price of $16.14

Outlook

* Company announces stock repurchase program for up to 10% of outstanding shares

* Repurchase program expires June 30, 2026, unless extended

Result Drivers

* COMPENSATION EXPENSES - Higher compensation expenses, including equity incentive plan costs

* NET INTEREST INCOME - Increase due to higher average balances of interest-earning assets and higher yields on these assets

* STOCK REPURCHASE - Repurchased 782,324 shares at an average price of $16.14

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.41

Q3 Net $3.7 mln

Income

Q3 Net $9.40

Interest mln

Income

Q3 Net 4.40%

Interest

Margin

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)