BV Financial, Inc. Announces Financial Results [Yahoo! Finance]
BV Financial, Inc. (BVFL)
NASDAQ:AMEX Investor Relations:
investors.bazaarvoice.com
Company Research
Source: Yahoo! Finance
Bank (the "Bank"), reported net income of $13.7 million or $1.47 per diluted share compared to net income of $10.5 million or $1.32 per diluted share for the year ended December 31, 2022. Net income for the quarter ended December 31, 2023 was $3.0 million, or $0.28 per diluted share compared to net income of $2.7 million, or $0.34 per diluted share, for the quarter ended December 31, 2022. On July 31, 2023, the Company completed its conversion from the mutual holding company (M.H.C.) form of reorganization to the stock holding company form of organization (the "Conversion"). In connection with the Conversion, Bay-Vanguard M.H.C. (the "MHC") ceased to exist. Also, as part of the Conversion, the Company sold 9,798,980 shares of its common stock at a price of $10.00 per share, which resulted in net proceeds of $86.9 million. Each outstanding share of Company common stock owned by the public stockholders of the Company (stockholders other than the M.H.C.) were converted into new shares
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Sec Filings
- 4/23/24 - Form 8-K
- 3/22/24 - Form 10-K
- 2/14/24 - Form SC
- BVFL's page on the SEC website