BV Financial Q4 net income more than doubles
Overview
Financial institution's Q4 net income rose significantly yr/yr
Company's Q4 adjusted net income increased yr/yr
Company announced executive leadership transition
Outlook
BV Financial did not provide specific guidance for future quarters or the full year in the press release
Result Drivers
NET INTEREST INCOME - Increase in net interest income driven by higher yield on interest-earning assets compared to cost on interest-bearing liabilities
CREDIT LOSS RECOVERY - Recovery in provision for credit losses contributed positively to quarterly results
DEBT REFINANCING - Refinancing of subordinated debt with lower cost advances from Federal Home Loan Bank improved financial position
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $0.57 |
|
Q4 Net Income |
| $4.80 mln |
|
Q4 Net Interest Income |
| $9.80 mln |
|
Q4 Net Interest Margin |
| 4.52% |
|
Press Release: ID:nACSTBLkza
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