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BV Financial, Inc. operates as the holding company for BayVanguard Bank that provides various financial services to individuals and businesses in the United States. The company offers noninterest-bearing and interest-bearing checking accounts and money market accounts, savings accounts, and certificates of deposits. Its loan products include real estate, home equity, construction, lot, auto, boat, and other personal loans; personal credit cards; and commercial lending products, such as commercial equipment/installation, commercial real estate, construction, investment real estate, lines of credit, and SBA loans, as well as loans for short-term real estate purchase, renovation, and sale projects. It also provides ATM, overdraft, safe deposit, bill pay, positive pay, remote deposit capture, ACH origination, merchant, and online banking services. BV Financial, Inc. was founded in 1873 and is headquartered in Baltimore, Maryland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $40M | - | $13M | $19M | 7.3% | 5.2% | 15.1% |
| 2024 | $38M | - | $12M | $15M | 6.0% | -0.3% | -14.5% |
| 2023 | $38M | - | $14M | $15M | 6.9% | 7.0% | 30.2% |
| 2022 | $35M | - | $11M | $9M | 10.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 35.34 | 37.80 | 37.70 | 39.66 |
| Operating Revenue | - | 35.34 | 37.80 | 37.70 | 39.66 |
| Operating Expense | 14.45 | 19.99 | 19.41 | - | - |
| Selling General And Administration | - | 10.37 | 12.64 | 14.35 | 16.60 |
| Interest Income | - | 33.35 | 43.42 | 46.68 | 49.71 |
| Interest Expense | - | 3.43 | 9.19 | 11.50 | 12.81 |
| Net Interest Income | - | 29.92 | 34.23 | 35.19 | 36.90 |
| Pretax Income | - | 14.55 | 18.62 | 16.41 | 18.86 |
| Tax Provision | - | 4.03 | 4.92 | 4.68 | 5.37 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.07 | 0.24 | 0 | 0 |
| Net Income Continuous Operations | - | 10.52 | 13.71 | 11.72 | 13.50 |
| Net Income From Continuing And Discontinued Operation | - | 10.52 | 13.71 | 11.72 | 13.50 |
| Net Income From Continuing Operation Net Minority Interest | - | 10.52 | 13.71 | 11.72 | 13.50 |
| Net Income | - | 10.52 | 13.71 | 11.72 | 13.50 |
| Net Income Common Stockholders | - | 10.52 | 13.71 | 11.72 | 13.50 |
| Net Income Including Noncontrolling Interests | - | 10.52 | 13.71 | 11.72 | 13.50 |
| Normalized Income | - | 10.35 | 13.05 | 11.72 | 13.50 |
| Diluted NI Availto Com Stockholders | - | 10.52 | 13.71 | 11.72 | 13.50 |
| Basic Average Shares | - | 7.95 | 9.32 | 10.66 | 9.37 |
| Diluted Average Shares | - | 7.97 | 9.32 | 10.66 | 9.44 |
| Reconciled Depreciation | - | 1.04 | 1.05 | 1 | 0.81 |
| Total Unusual Items | - | 0.25 | 0.90 | 0 | -0.01 |
| Total Unusual Items Excluding Goodwill | - | 0.25 | 0.90 | 0 | -0.01 |
| Special Income Charges | - | 0.25 | 0.19 | 0 | -0.03 |
| Other Special Charges | - | -0.25 | -0.19 | - | 0.03 |
| Write Off | 0 | - | - | - | - |
| Restructuring And Mergern Acquisition | 0.17 | 0.26 | - | - | - |
| Gain On Sale Of Security | - | 1.49 | 0.64 | 0.40 | 0.38 |
| Depreciation Amortization Depletion Income Statement | - | 0.18 | 0.18 | 0.18 | 0.18 |
| Depreciation And Amortization In Income Statement | - | 0.18 | 0.18 | 0.18 | 0.18 |
| General And Administrative Expense | - | 10.35 | 12.59 | 14.33 | 16.57 |
| Salaries And Wages | - | 10.13 | 12.26 | 14 | 16.24 |
| Insurance And Claims | - | 0.22 | 0.34 | 0.33 | 0.33 |
| Other Operating Expenses | 3.43 | 6.74 | 3.68 | - | - |
| Selling And Marketing Expense | - | 0.02 | 0.04 | 0.02 | 0.04 |
| Rent And Landing Fees | 2.14 | 2.10 | 2.03 | - | - |
| Amortization | - | 0.18 | 0.18 | 0.18 | 0.18 |
| Amortization Of Intangibles Income Statement | - | 0.18 | 0.18 | 0.18 | 0.18 |
| Occupancy And Equipment | - | 2.10 | 2.03 | 2.01 | 1.99 |
| Professional Expense And Contract Services Expense | - | 0.61 | 0.89 | 1.01 | 0.93 |
| Other Non Interest Expense | - | 6.74 | 3.68 | 3.94 | 3.48 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BV Financial, Inc.this co. | BVFL | $174M | 12.90↑ premium | 0.95 | 7.3% | - |
| James River Group Holdings, Inc. | JRVR | $183M | 4.63 | 0.27 | 5.9% | - |
| Rhinebeck Bancorp, Inc. | RBKB | $181M | 18.05 | 1.32 | 7.3% | - |
| Eagle Bancorp Montana, Inc. | EBMT | $181M | 12.18 | 0.94 | 7.7% | - |
| Finance of America Companies Inc. | FOA | $179M |
| - |
| - |
| - |
| - |
| 3.98 |
| 0.55 |
| 13.9% |
| - |
| SelectQuote, Inc. | SLQT | $176M | 3.69 | 0.50 | 13.5% | 3.77 |
| Landmark Bancorp, Inc. | LARK | $175M | 9.30 | 1.09 | 11.7% | - |
| CB Financial Services, Inc. | CBFV | $174M | 35.48 | 1.10 | 3.1% | - |
| MainStreet Bancshares, Inc. | MNSB | $166M | 12.33 | 0.76 | 6.2% | - |
| Peer Median | - | 10.74 | 0.85 | 7.5% | 3.77 | |