EDGEMERE, MD / ACCESSWIRE / January 29, 2021 / BV Financial, Inc. (OTC PINK:BVFL), the holding company for BayVanguard Bank, today reported net income of $7.9 million or $1.12 per diluted share, for the twelve months ended December 31, 2020 compared to $2.5 million, or $0.38 per diluted share, for the year ended December 31, 2019. The 2020 results include ten months of combined operations of BV Financial, Inc. and the former MB Bancorp, Inc. and its subsidiary, Madison Bank which was acquired as of February 29, 2020, a $3.6 million gain on bargain purchase recognized in the acquisition of MB Bancorp, Inc., and two months of combined operations with the former Delmarva Bancshares and its subsidiary, 1880 Bank that was acquired as of October 31, 2020. The 2019 results included the impact of the acquisition of Kopernik Bank on February 28, 2019.
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