The parent company of BayVanguard Bank, BV Financial Inc (OTCMKTS:BVFL), was in focus this past Friday after it announced its financial results for the fiscal quarter that had ended on September 30, 2022.
On Friday, BVFL stock ended flat at $21.85 with more than 2 shares, compared to its average volume of 146 shares. The stock moved within a range of $21.85 – 21.85 after opening trade at $21.85.
BV Financial, Inc. Announces Financial Results
The company announced that it had managed to bring in net income to the tune of as much as $2.6 million for the period which worked out to earnings of $0.35 per diluted share. That was a higher net income than the $2.2 million that BV Financial had earned in the prior year period. The earnings per diluted share at the time had been $0.31 a share.
On the other hand, BV Financial reported that in the six month period that had ended on September 30, 2022 it had managed to bring in net income to the tune of $7.8 million and that worked out to earnings per diluted share of $1.05. In the same period in 2021, the company had generated net income of $6.8 million and earnings per diluted share of $0.96.
The non-performing assets in its books at the end of the period stood at $8.5 million, however, in the period ended on December 31, 2021, the magnitude of non-performing assets in its books had been $4.4 million.
BVFL stock is trading above the 20-Day and 50-Day Moving averages of $22 and $21 respectively. Moreover, the stock is trading above the 200-Day moving average of $20.