BV Financial, Inc. Announces Financial Results

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Apr 22, 2020
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BALTIMORE, MD / ACCESSWIRE / April 21, 2020 / BV Financial, Inc. (OTC PINK:BVFL), the holding company for BayVanguard Bank, today reported net income of $671,000, or $0.09 per diluted share, for the three months ended March 31,2020 compared to net income of $296,000, or $0.07 per diluted share, for the three months ended March 31, 2019. The results in the current quarter include one month of the results of the previously announced merger with MB Bancorp, Inc. and two months of BayVanguard Bank on a standalone basis. The March 2019 results included one month of operations with Kopernik Bank that was purchased on February 28, 2019 and two months of BayVanguard Bank on a standalone basis.