BALTIMORE, MD / ACCESSWIRE / July 23, 2021 / BV Financial, Inc. (OTC PINK:BVFL), the holding company for BayVanguard Bank (the "Bank"), today reported net income of $1.9 million, or $0.27 per diluted share, for the quarter ended June 30, 2021 compared to net income of $3.8 million, or $0.53 per diluted share, for the quarter ended June 30, 2020. Net income for the six-month period ended June 30, 2021 was $4.6 million or $0.65 per diluted share compared to net income of $4.4 million or $0.63 per diluted share in the six-month period ended June 30, 2020. The prior three and six months results include a $3.3 million gain from bargain purchase that resulted from the acquisition of MB Bancorp and its subsidiary, Madison Bank of Maryland on February 29, 2020.
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