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what it is
BV Financial owns BayVanguard Bank, which makes money by taking deposits and lending them out in Maryland.
how it gets paid
Last year Bv Financial made $35M in revenue. commercial real estate loans was the main engine at $12.0M, or 34% of sales.
what just happened
Revenue hit $27M, while quarterly EPS data still looks messy across sources.
At a glance
B+ balance sheet — decent shape, but not bulletproof
16.9x trailing p/e — the market's not buying it — or you found a deal
$1.09 fy2024 eps est
$6M fy2024 rev est
0.8 beta
xvary composite: 57/100 — below average
What they do
BV Financial owns BayVanguard Bank, which makes money by taking deposits and lending them out in Maryland.
This is a local lender, and local still matters. At $909.4 million in assets and 113 employees, it is small enough to know your market and big enough to matter in it. Banking moat → sticky deposits and repeat borrowers → so what: if your mortgage, business loan, and checking account sit in one place, leaving is annoying.
How they make money
$35M
annual revenue
commercial real estate loans
$12.0M
one- to four-family real estate loans
$9.0M
commercial loans
$6.0M
construction, marine, and farm loans
$4.0M
other banking income
$4.0M
The products that matter
community banking franchise
BayVanguard Bank
15 branches · $12M in loan interest
It is the operating business. Those 15 Maryland branches generated $12M in loan interest last year, which tells you this is still a spread-income bank first and everything else second.
15 branches
capital return program
Stock Repurchase Program
$30M spent in 2025
This is not a product customers buy, but it matters to you as a shareholder. BVFL spent $30M on buybacks in 2025, and stockholders' equity fell 6% to $184M. That is a real bet on per-share value, not a footnote.
6% equity hit
balance-sheet earnings spread
Net Interest Margin
4% core spread
This 4% margin is the number that mattered because it shows what the bank keeps between asset yields and funding costs. Small changes here move the whole earnings picture.
core engine
Key numbers
16.9x
trailing p/e
You are paying 16.9 times trailing earnings, which is not expensive if EPS near $1.09 to $1.12 holds up.
$50M
long-term debt
That debt equals 23% of capital. Translation: borrowed money is helping the model, but it also makes a small bank less forgiving.
n/a
net margin
Prior margin KPI failed sanity check — verify in filings. That margin is so extreme it tells you reported revenue and profit timing are doing weird things. You should not treat it like normal bank economics.
$909.4M
total assets
Assets are the balance sheet that earns the spread. Translation: this is a sub-$1 billion bank, so scale is limited.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 80 / 100
- long-term debt $50M (23% of capital)
- net profit margin 909.4% — keeps 909 cents of every dollar in revenue
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for BVFL right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $27M, while quarterly EPS data still looks messy across sources.
EDGAR-backed data shows latest-quarter revenue of $27 million, up 190% vs. prior year, and EPS of $0.88, up 115%. Consensus lists last earnings at $0.41, so you should treat the print as strong but the reporting trail as messy.
$27M
revenue
$0.88
eps
$909.4M
total assets
the number that mattered
The 190% revenue jump matters most because tiny banks do not usually post growth that loud without a balance-sheet move behind it.
source: company earnings report, 2026
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What could go wrong
the top risk here is the same small capital base absorbing too many jobs at once. BVFL has $184M of equity, 15 branches, a leadership change, an SEC matter, and a buyback program big enough to matter. Those are separate headlines. They hit the same bank.
med
SEC proceeding
BVFL was named in a November 2025 SEC proceeding. That is company-specific, current, and not the kind of line you brush past in a small-bank story.
If the matter escalates, the cost is not just fines. It is management time, reputation, and more pressure on a bank with only $184M in equity.
med
co-CEO departure
Co-President and Co-CEO David M. Flair resigned in January 2026. At a bank with 15 branches, leadership depth is not infinite.
If the transition drags, you risk slower decision-making exactly when the company is already balancing buybacks and regulatory noise.
med
shrinking equity base
Stockholders' equity dropped 6% to $184M in 2025 after $30M of buybacks. Buybacks help only if per-share value rises faster than the cushion falls.
Less equity means less flexibility for loan growth, less room for losses, and less margin for error if credit costs move the wrong way.
med
one-market exposure
All 15 branches are in Maryland. That keeps the franchise local, but it also means you are relying on one regional deposit and loan base.
If that local market weakens, there is no second geography here to offset it.
Put together, these risks lean on the same $184M capital base from three directions at once: management, regulators, and geography. That is the key risk frame.
source: institutional data · regulatory filings · risk analysis
Pay attention to
leadership
who replaces the departing co-CEO
A clean handoff would lower one of the biggest immediate risks. A long interim period would do the opposite.
regulatory
any update on the SEC matter
You do not need drama. You need closure. The faster this gets resolved, the easier it is to value the operating bank on its own.
profitability
whether net interest margin stays near 4%
That spread is the earnings engine. If it slips, the buyback story stops looking clever and starts looking expensive.
capital
whether buybacks improve per-share results
Spending $30M only works if return on equity improves and the balance sheet does not keep moving backward.
Analyst rankings
risk profile
average
risk rank 3 — typical risk profile — neither especially safe nor risky.
chart momentum
average
momentum rank 3 — the stock is moving with the broader market, no unusual signal.
source: institutional data
Institutional activity
institutional ownership data for BVFL is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$18
current price
n/a
target midpoint · n/a from current
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