BV Financial, Inc. Announces Financial Results
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BV Financial, Inc. (NASDAQ:BVFL) reported a decrease in net income for both the year and the quarter ending December 31, 2024, compared to the previous year. Annual net income fell from $13.7 million to $11.7 million, and quarterly net income decreased from $3.0 million to $1.95 million.
January 27, 2025 | 2:15 pm
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BV Financial, Inc. reported a decline in net income for 2024, with annual earnings dropping from $13.7 million to $11.7 million and quarterly earnings falling from $3.0 million to $1.95 million.
The decrease in net income for both the year and the quarter is likely to negatively impact investor sentiment and the stock price in the short term. The decline in earnings per share from $1.47 to $1.10 annually and from $0.28 to $0.18 quarterly indicates reduced profitability, which is a key concern for investors.
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