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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)