BV Financial, Inc. reported net income of $1.95 million, or $0.18 per diluted share, for the fourth quarter ended December 31, 2024. This represents a decrease from $3.0 million, or $0.28 per diluted share, reported for the fourth quarter of 2023. The decline in quarterly net income indicates a challenging period for profitability compared to the prior year.
For the full year ended December 31, 2024, net income was $11.7 million, or $1.10 per diluted share. This is a decrease from $13.7 million, or $1.47 per diluted share, reported for the full year 2023. The year-over-year reduction in annual net income and diluted earnings per share reflects broader operational and financial pressures.
The company completed a stock repurchase program in January 2025, demonstrating a commitment to capital management and shareholder returns. This program aimed to reduce the number of outstanding shares, potentially enhancing shareholder value.
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