BV Financial Q4 net income more than doubles
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BV Financial reported a significant increase in Q4 net income, more than doubling year-over-year. The adjusted net income also rose, driven by higher net interest income and a recovery in credit loss provisions. The company refinanced subordinated debt, enhancing its financial position. However, no specific guidance for future quarters was provided. Key metrics included a Q4 EPS of $0.57 and a net income of $9.80 million, with a net interest margin of 4.52%.
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