BALTIMORE, MD / ACCESSWIRE / October 21, 2021 / BV Financial, Inc. (OTC PINK:BVFL), the holding company for BayVanguard Bank, today reported net income of $2.2 million, or $0.31 per diluted share, for the quarter ended September 30, 2021 compared to net income of $1.5 million or $0.20 per diluted share, for the quarter ended September 30, 2020. Net income for the nine-month period ended September 30, 2021 was $6.8 million or $0.96 per diluted share compared to net income of $5.9 million or $0.82 per diluted share in the nine-month period ended September 30, 2020. Year to date income in the prior year-to-date period includes a $3.3 million gain on bargain purchase from the acquisition of MB Bancorp. The results in the current quarter and year to date periods reflect the operations of the former Delmarva Bancshares and 1880 Bank that were acquired on October 31, 2020.
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