BV Financial, Inc. (BVFL) 10-Year Financial Performance & Capital Metrics

BVFL • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutBV Financial, Inc. operates as the holding company for BayVanguard Bank that provides various financial services to individuals and businesses in Maryland. The company offers checking 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; 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. The company also offers ATM, overdraft, safe deposit, bill pay, remote deposit capture, ACH origination, merchant, and online banking services. The company was founded in 1873 and is headquartered in Baltimore, Maryland. BV Financial, Inc. operates as a subsidiary of Bay-Vanguard, MHC.Show more

Net Interest Income $35M +2.8%
Total Revenue $49M +5.1%
Net Income $12M -14.5%
Return on Equity 5.94% -35.7%
Net Interest Margin 3.86% -0.2%
Efficiency Ratio 43.7% +6.4%
ROA 1.3% -17.7%
Equity / Assets 21.44% -4.7%
Book Value per Share 18.34 -14.1%
Tangible BV/Share 16.91 -14.1%
Debt/Equity 0.26 +36.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 36.5%
✓Strong NIM of 3.9%
✓Efficient operations: 43.7% efficiency ratio
✓Well capitalized: 21.4% equity/assets
✓Trading at only 1.0x book value

✗Weaknesses

✗Shares diluted 14.3% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y19.99%

5Y31.2%

3Y15.72%

TTM-

Profit (Net Income) CAGR

10Y32.76%

5Y36.51%

3Y7.48%

TTM-15.44%

EPS CAGR

10Y15.52%

5Y23.69%

3Y-5.9%

TTM-13.45%

ROCE

10Y Avg6.25%

5Y Avg8.62%

3Y Avg8.44%

Latest6.42%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Jun 2015	Jun 2016	Jun 2017	Jun 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-46K	0	6.12M	5.98M	10.41M	15.32M	25.64M	29.92M	34.23M	35.19M
NII Growth %	0.04%	1%	-	-0.02%	0.74%	0.47%	0.67%	0.17%	0.14%	0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	6.91M	6.75M	12.15M	18.23M	29.38M	33.35M	43.42M	46.68M
Interest Expense	46K	46K	784K	779K	1.74M	2.9M	3.73M	3.43M	9.19M	11.49M
Loan Loss Provision	7.42M	-46K	401K	114K	110K	695K	575K	1.04M	-45K	-203K
Non-Interest Income+	7.47M	7.26M	394K	423K	507K	1.65M	2.37M	5.42M	3.38M	2.51M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	7.47M	7.26M	7.3M	7.18M	12.65M	19.88M	31.75M	38.77M	46.8M	49.2M
Revenue Growth %	-0.06%	-0.03%	0.01%	-0.02%	0.76%	0.57%	0.6%	0.22%	0.21%	0.05%
Non-Interest Expense	2.27M	2.03M	5.09M	5.11M	7.47M	7.29M	14.62M	19.75M	19.22M	21.5M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	845K	0	1.02M	1.18M	3.34M	8.99M	12.82M	14.55M	18.62M	16.41M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.27%	-1%	-	0.15%	1.84%	1.69%	0.43%	0.13%	0.28%	-0.12%
Pretax Income+	1.02M	-221K	1.02M	1.18M	3.34M	8.99M	12.82M	14.55M	18.62M	16.41M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	309K	-101K	372K	1.09M	865K	1.35M	3.38M	4.03M	4.92M	4.68M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	713K	-120K	653K	91K	2.47M	7.64M	9.44M	10.52M	13.71M	11.72M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.03%	-1.17%	6.44%	-0.86%	26.18%	2.09%	0.23%	0.11%	0.3%	-0.14%
Net Income (Continuing)	713K	-120K	653K	91K	2.47M	7.64M	9.44M	10.52M	13.71M	11.72M
EPS (Diluted)+	0.24	-0.04	0.22	0.03	0.38	1.07	1.32	1.32	1.47	1.10
EPS Growth %	-0.08%	-1.17%	6.46%	-0.86%	11.67%	1.82%	0.23%	0%	0.11%	-0.25%
EPS (Basic)	0.24	-0.04	0.22	0.03	0.38	1.08	1.33	1.32	1.47	1.10
Diluted Shares Outstanding	2.98M	2.97M	2.99M	2.99M	6.46M	7.13M	7.14M	7.97M	9.32M	10.66M

Balance Sheet

	Jun 2015	Jun 2016	Jun 2017	Jun 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	0	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	0	-8.19M	10.08M	10.47M	24.23M	91.99M	111.19M	68.65M	73.74M	70.5M
Short Term Investments	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	6.22M	5.32M	146.94M	143.62M	247.5M	642.66M	626.29M	702.85M	741.49M	772.87M
Investments Growth %	-0.12%	-0.15%	26.63%	-0.02%	0.72%	1.6%	-0.03%	0.12%	0.05%	0.04%
Long-Term Investments	6.22M	5.32M	133.97M	130.54M	239.15M	610.19M	588.5M	669.81M	706.71M	735.61M
Accounts Receivables	0	0	574K	498K	992K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	120K	120K	120K	120K	1.12M	12.83M	14.42M	14.42M	14.42M	14.42M
Intangible Assets	43K	0	28K	23K	1.21M	1.47M	1.29M	1.2M	1.01M	831K
PP&E (Net)	4.72M	4.57M	4.29M	4.12M	5.83M	15.48M	15.05M	15.18M	14.25M	13.22M
Other Assets	139.04M	141.88M	6.47M	6.78M	10.25M	40.05M	35.98M	30.61M	28.09M	27.92M
Total Current Assets	16.5M	14.37M	23.63M	24.04M	33.57M	127.39M	151.57M	104.64M	111.8M	110.92M
Total Non-Current Assets	153.19M	154.93M	147.46M	143.16M	260.61M	688.18M	663.56M	740.33M	773.45M	800.9M
Total Assets+	169.69M	169.3M	171.23M	167.29M	294.85M	817.5M	815.13M	844.96M	885.25M	911.82M
Asset Growth %	-0.05%	-0%	0.01%	-0.02%	0.76%	1.77%	-0%	0.04%	0.05%	0.03%
Return on Assets (ROA)	0%	-0%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	3.21M	3.11M	3.06M	3M	6M	54.66M	36.83M	49.04M	37.25M	49.88M
Net Debt	3.21M	11.3M	-7.02M	-7.47M	-18.23M	-37.34M	-74.36M	-19.61M	-36.49M	-20.62M
Long-Term Debt	3.21M	3.11M	3.06M	3M	3M	51.66M	36.83M	49.04M	37.25M	49.88M
Short-Term Debt	0	0	0	0	3M	3M	0	0	0	0
Other Liabilities	92.51M	3.79M	0	0	0	0	14.83M	13.55M	14.82M	14.95M
Total Current Liabilities	52.77M	50.05M	142.6M	138.69M	220.82M	678.1M	680.02M	684.62M	634.12M	651.49M
Total Non-Current Liabilities	95.91M	98.27M	6.86M	6.87M	7.36M	63.45M	51.66M	62.59M	52.07M	64.83M
Total Liabilities	148.69M	148.31M	149.6M	145.64M	228.85M	743.48M	731.68M	747.21M	686.19M	716.32M
Total Equity+	21.06M	20.98M	21.62M	21.65M	66M	74.02M	83.45M	97.75M	199.06M	195.5M
Equity Growth %	0.04%	-0%	0.03%	0%	2.05%	0.12%	0.13%	0.17%	1.04%	-0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.03%	-0.01%	0.03%	0%	0.06%	0.11%	0.12%	0.12%	0.09%	0.06%
Book Value per Share	7.07	7.06	7.24	7.23	10.22	10.39	11.69	12.26	21.35	18.34
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	32K	32K	32K	32K	73K	73K	71K	74K	114K	106K
Additional Paid-in Capital	10.9M	10.86M	10.85M	10.85M	10.89M	10.92M	9.38M	15.41M	110.47M	94.68M
Retained Earnings	12.38M	12.26M	12.91M	13.02M	57M	64.65M	74.09M	84.61M	97.77M	109.5M
Accumulated OCI	-267K	-188K	-55K	-208K	14K	361K	-96K	-2.34M	-1.96M	-1.62M
Treasury Stock	-1.98M	-1.98M	-1.98M	-1.98M	-1.98M	-1.98M	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2015	Jun 2016	Jun 2017	Jun 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.14M	1.05M	1.59M	1.9M	1.16M	5.02M	10.58M	9.71M	15.19M	16.06M
Operating CF Growth %	-0.35%	-0.07%	0.51%	0.19%	-0.39%	3.34%	1.11%	-0.08%	0.56%	0.06%
Net Income	713K	-120K	653K	91K	2.47M	7.64M	9.44M	10.52M	13.71M	11.72M
Depreciation & Amortization	245K	241K	235K	212K	399K	696K	1.02M	1.04M	1.05M	1M
Deferred Taxes	0	0	357K	1.05M	428K	548K	273K	308K	207K	-58K
Other Non-Cash Items	369K	1.29M	571K	155K	168K	-3.72M	-2.75M	-2.58M	-1.78M	487K
Working Capital Changes	-192K	-118K	-277K	314K	-2.39M	-153K	2.19M	158K	1.14M	829K
Cash from Investing+	9.65M	-1.14M	-4.89M	2.34M	23.79M	32.33M	17.45M	-27.76M	-35.17M	-32.5M
Purchase of Investments	-6.5M	-14.1M	-8.03M	-1.53M	0	0	-18.01M	-12M	-6.92M	-14.5M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	1.8M	0	0	0	19.32M	136M	0	8.52M	0	7K
Other Investing	6.61M	1.88M	-912K	818K	-304K	-114.41M	26.65M	-33.43M	-34.04M	-33.71M
Cash from Financing+	-9.67M	12K	1.45M	-3.85M	-7.24M	30.11M	-8.83M	-24.49M	25.07M	13.19M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	-17.7M
Stock Issued	0	0	0	0	36K	17K	36K	1K	97.99M	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	1000K	-1000K	1000K	-1000K	1000K
Other Financing	-9.67M	12K	1.45M	-3.85M	-7.27M	88K	8.98M	-36.49M	-60.92M	18.99M
Net Change in Cash+	0	-71K	-1.84M	385K	17.71M	67.76M	19.2M	-42.54M	5.09M	-3.24M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	0	0	11.68M	9.83M	6.52M	24.23M	91.99M	111.19M	68.65M	73.74M
Cash at End	0	-71K	9.83M	10.22M	24.23M	91.99M	111.19M	68.65M	73.74M	70.5M
Interest Paid	0	0	782K	779K	1.76M	2.82M	4.01M	3.43M	9.19M	11.34M
Income Taxes Paid	0	0	25K	25K	118K	1.21M	2.14M	4.03M	4.92M	5.89M
Free Cash Flow+	1.04M	972K	1.49M	1.86M	684K	4.65M	10.16M	9.21M	15.04M	15.45M
FCF Growth %	-0.37%	-0.06%	0.54%	0.25%	-0.63%	5.8%	1.19%	-0.09%	0.63%	0.03%

Banking Ratios

Metric	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.45%	-0.57%	3.07%	0.42%	5.64%	10.92%	11.99%	11.62%	9.24%	5.94%
Return on Assets (ROA)	0.41%	-0.07%	0.38%	0.05%	1.07%	1.37%	1.16%	1.27%	1.58%	1.3%
Net Interest Margin	-0.03%	0%	3.57%	3.57%	3.53%	1.87%	3.15%	3.54%	3.87%	3.86%
Efficiency Ratio	30.36%	28.01%	69.72%	71.16%	59%	36.65%	46.04%	50.94%	41.07%	43.7%
Equity / Assets	12.41%	12.39%	12.63%	12.94%	22.38%	9.05%	10.24%	11.57%	22.49%	21.44%
Book Value / Share	7.07	7.06	7.24	7.23	10.22	10.39	11.69	12.26	21.35	18.34
NII Growth	4.17%	100%	-	-2.37%	74.15%	47.23%	67.37%	16.67%	14.4%	2.8%

Revenue by Segment

	2023	2024
Debit Card	724K	706K
Debit Card Growth	-	-2.49%
Deposit Account	413K	426K
Deposit Account Growth	-	3.15%

Frequently Asked Questions

Valuation & Price

BV Financial, Inc. (BVFL) has a price-to-earnings (P/E) ratio of 16.7x. This is roughly in line with market averages.

Growth & Financials

BV Financial, Inc. (BVFL) grew revenue by 5.1% over the past year. This is steady growth.

Yes, BV Financial, Inc. (BVFL) is profitable, generating $10.7M in net income for fiscal year 2024 (23.8% net margin).

Dividend & Returns

BV Financial, Inc. (BVFL) has a return on equity (ROE) of 5.9%. This is below average, suggesting room for improvement.

Industry Metrics

BV Financial, Inc. (BVFL) has a net interest margin (NIM) of 3.9%. This indicates healthy earnings from lending activities.

BV Financial, Inc. (BVFL) has an efficiency ratio of 43.7%. This is excellent, indicating strong cost control.

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