M
MVB FINANCIAL CORP
Period
FY 2025
Revenue
—
Net Income
$26.92M
Total Assets
$3.31B
Equity
$333.97M
Shares Out
12.85M
Op. Cash Flow
$4.03M
Business
MVB Financial Corp. is a financial holding company that operates primarily through MVB Bank, a West Virginia state-chartered bank providing commercial & retail (CoRe) banking and fintech banking services. CoRe offerings include deposit accounts, commercial and consumer loans, real estate mortgages, debit cards and safe deposit services; fintech banking serves corporate clients in payments, banking-as-a-service and gaming industries. The company also operates professional services through Paladin Fraud (fraud prevention) and has equity investments in mortgage companies. Operations span North Central West Virginia, Northern Virginia and nationwide fintech markets.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 144 | 154 | 160 | 117 | 75 | |
| Interest on deposits with banks | 16 | 22 | 21 | 2 | 506,000 | |
| Interest on investment securities | 13 | 8 | 6 | 3 | 2 | |
| Interest on tax-exempt loans and securities | 3 | 3 | 4 | 4 | 5 | |
| Total interest income | 175 | 186 | 190 | 126 | 83 | |
| Interest on deposits | 64 | 73 | 62 | 10 | 4 | |
| Interest on short-term borrowings and repurchase agreements | 125,000 | 46,000 | 890,000 | 443,000 | 105,000 | |
| Interest on subordinated debt | 3 | 3 | 3 | 3 | 2 | |
| Interest on senior term loan | 0 | 264,000 | 766,000 | 200,000 | 0 | |
| Total interest expense | 68 | 77 | 67 | 14 | — | |
| NET INTEREST INCOME | 107 | 109 | 123 | 112 | 77 | |
| Provision (release of allowance) for credit losses | 9 | 4 | −2 | 14 | −6 | |
| Net interest income after provision (release of allowance) for credit losses | 99 | 106 | 125 | 98 | 83 | |
| Payment card and service charge income | 18 | 16 | 14 | — | — | |
| Insurance income | 330,000 | 288,000 | 335,000 | 849,000 | 1 | |
| Gain (loss) on sale of available-for-sale securities, net | −7 | 658,000 | −2 | 650,000 | 4 | |
| Gain (loss) on sale of equity securities, net | 118,000 | 103,000 | −269,000 | −56,000 | 5,000 | |
| Gain (loss) on derivatives, net | −466,000 | 60,000 | −659,000 | 0 | 0 | |
| Gain (loss) on sale of loans, net | −149,000 | 1 | −744,000 | 2 | 4 | |
| Holding gain on equity securities | 4 | 1 | 146,000 | — | — | |
| Compliance and consulting income | 584,000 | 5 | 4 | 5 | 3 | |
| Equity method investments income (loss) | 8 | 1 | −2 | −713,000 | 17 | |
| Gain (loss) on acquisition and divestiture activity | 35 | 0 | −986,000 | — | — | |
| Gain (loss) on disposal of assets | −404,000 | 12 | 0 | 5 | 0 | |
| Other operating income | 3 | 5 | 8 | 4 | 5 | |
| Total noninterest income | 60 | 43 | 20 | 28 | 56 | |
| Salaries and employee benefits | 71 | 68 | 63 | 63 | 53 | |
| Occupancy expense | 5 | 4 | 4 | 4 | 4 | |
| Equipment depreciation and maintenance | 3 | 5 | 6 | 5 | 5 | |
| Data processing and communications | 5 | 5 | 5 | 4 | 4 | |
| Software costs | 5 | 4 | 3 | — | — | |
| Professional fees | 15 | 21 | 18 | 16 | 14 | |
| Insurance, tax and assessment expense | 4 | 4 | 4 | 3 | 2 | |
| Travel, entertainment, dues and subscriptions | 3 | 3 | 3 | 7 | 5 | |
| Other operating expenses | 11 | 8 | 11 | 9 | 5 | |
| Total noninterest expense | 122 | 122 | 118 | 110 | 92 | |
| Income from continuing operations, before income taxes | 37 | 26 | 27 | 15 | 47 | |
| Income taxes | 10 | 6 | 5 | 3 | 10 | |
| Net income from continuing operations | 27 | 20 | 22 | 12 | 38 | |
| Income from discontinued operations, before income taxes | 0 | 0 | 12 | 3 | 1 | |
| Income taxes | 0 | 0 | 3 | 834,000 | 241,000 | |
| Net income from discontinued operations | 0 | 0 | 9 | 3 | 858,000 | |
| Net income | 27 | 20 | 31 | 14 | 39 | |
| Net (income) loss attributable to noncontrolling interest | 18,000 | −154,000 | 226,000 | 660,000 | 425,000 | |
| Net income available to common shareholders | 27 | 20 | 31 | 15 | 39 | |
| Earnings per share from continuing operations - basic (in dollars per share) | 2.11 | 1.56 | 1.77 | 1.01 | 3.25 | |
| Earnings per share from discontinued operations - basic (in dollars per share) | 0 | 0 | 0.69 | 0.22 | 0.07 | |
| Earnings per common shareholder - basic (in dollars per share) | 2.11 | 1.56 | 2.46 | 1.23 | 3.32 | |
| Earnings per share from continuing operations - diluted (in dollars per share) | 2.06 | 1.53 | 1.72 | 0.96 | 3.03 | |
| Earnings per share from discontinued operations - diluted (in dollars per share) | 0 | 0 | 0.68 | 0.21 | 0.07 | |
| Earnings per common shareholder - diluted (in dollars per share) | 2.06 | 1.53 | 2.4 | 1.17 | 3.1 | |
| Weighted-average shares outstanding - basic (in shares) | 13 | 13 | 13 | 12 | 12 | |
| Weighted-average shares outstanding - diluted (in shares) | 13 | 13 | 13 | 13 | 13 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 11 | 8 | 7 | 5 | 9 | |
| Interest-bearing balances with banks | 234 | 310 | 392 | 35 | 299 | |
| Total cash and cash equivalents | 244 | 318 | 398 | 40 | — | |
| Investment securities available-for-sale | 411 | 411 | 345 | 380 | 421 | |
| Equity securities | 51 | 43 | 41 | 39 | 32 | |
| Loans receivable | 2,343 | 2,100 | 2,318 | 2,373 | 1,870 | |
| Allowance for credit losses | −22 | −20 | −22 | −24 | −18 | |
| Loans receivable, net | 2,321 | 2,080 | 2,295 | 2,349 | 1,852 | |
| Premises and equipment, net | 10 | 12 | 21 | 24 | 25 | |
| Bank-owned life insurance | 56 | 45 | 44 | 43 | 42 | |
| Equity method investments | 87 | 78 | 76 | 76 | 40 | |
| Assets held-for-sale | 0 | 2 | 0 | 4 | — | |
| Accrued interest receivable and other assets | 129 | 138 | 92 | 88 | 66 | |
| TOTAL ASSETS | 3,309 | 3,129 | 3,314 | 3,069 | 2,792 | |
| Noninterest-bearing | 1,145 | 941 | 1,197 | 1,232 | 1,120 | |
| Interest-bearing | 1,697 | 1,753 | 1,704 | 1,339 | 1,257 | |
| Total deposits | 2,842 | 2,694 | 2,901 | 2,570 | 2,378 | |
| Accrued interest payable and other liabilities | 56 | 52 | 38 | 36 | 55 | |
| Repurchase agreements | 3 | 3 | 5 | 10 | 11 | |
| Subordinated debt | 74 | 74 | 74 | 73 | 73 | |
| Liabilities held-for-sale | 0 | 720,000 | 0 | 5 | — | |
| TOTAL LIABILITIES | 2,975 | 2,823 | 3,025 | 2,807 | 2,517 | |
| Common stock - par value $1; 40,000,000 shares authorized; 14,042,683 and 12,715,598 shares issued and outstanding, respectively, as of December 31, 2025 and 13,793,311 and 12,945,295 shares issued and outstanding, respectively, as of December 31, 2024 | 14 | 14 | 14 | 13 | 13 | |
| Additional paid-in capital | 170 | 165 | 160 | 157 | 144 | |
| Retained earnings | 190 | 172 | 161 | 145 | 138 | |
| Accumulated other comprehensive loss | −14 | −28 | −29 | −38 | −4 | |
| Treasury stock - 1,327,085 and 848,016 shares at cost as of December 31, 2025 and December 31, 2024, respectively | −27 | −17 | −17 | −17 | — | |
| Total equity attributable to parent | 334 | 306 | 289 | 261 | 274 | |
| Noncontrolling interest | 0 | 112,000 | −42,000 | 307,000 | 975,000 | |
| Total stockholders' equity | 334 | 306 | 289 | 261 | 275 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 3,309 | 3,129 | 3,314 | 3,069 | 2,792 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net amortization and accretion of investments | 196,000 | 2 | 2 | 3 | 4 | |
| Net amortization of deferred loan costs | 2 | 2 | 1 | 3 | 3 | |
| Depreciation and amortization | 3 | 4 | 5 | 5 | 4 | |
| Stock-based compensation | 4 | 3 | 3 | 3 | 3 | |
| Loans originated for sale | 0 | −3 | −2 | −101 | −30 | |
| Proceeds of loans held-for-sale sold | 0 | 4 | 31 | 80 | 22 | |
| Holding gain on equity securities | −4 | −1 | −146,000 | 2 | −4 | |
| Gain on sale of loans held-for-sale | 0 | −242,000 | −1 | −5 | −4 | |
| Loss (gain) on sale of loans held for investment | 149,000 | −796,000 | 2 | 4 | 0 | |
| Gain on sale of discontinued operations | 0 | 0 | −12 | 0 | 0 | |
| (Gain) loss on divestiture activity | −35 | 0 | 986,000 | — | — | |
| Loss (gain) on sale of other real estate owned | 179,000 | 160,000 | −170,000 | −47,000 | −1 | |
| Gain on sale of assets | 0 | −12 | 0 | 0 | — | |
| Income on bank-owned life insurance | −2 | −1 | −1 | −975,000 | −995,000 | |
| Deferred income taxes | −390,000 | 2 | 97,000 | −4 | 6 | |
| Equity method investments (income) loss | −8 | −1 | 2 | 713,000 | −17 | |
| Return on equity method investments | 0 | 868,000 | 714,000 | 8 | 31 | |
| Changes in other assets | 767,000 | −22 | −6 | −2 | −1 | |
| Changes in other liabilities | 214,000 | 267,000 | 2 | −12 | 3 | |
| Net cash provided by (used in) operating activities | 4 | −285,000 | 58 | 7 | 35 | |
| Purchases of available-for-sale investment securities | −212 | −112 | −90 | −90 | −217 | |
| Maturities/paydowns of available-for-sale investment securities | 127 | 17 | 77 | 21 | 49 | |
| Sales of available-for-sale investment securities | 96 | 24 | 55 | — | — | |
| Purchases of premises and equipment | −2 | −2 | −2 | −3 | −5 | |
| Disposals of premises and equipment | 214,000 | 0 | 425,000 | 49,000 | 300,000 | |
| Net proceeds from sale of assets | 0 | 17 | — | — | — | |
| Net change in loans | −279 | 200 | 39 | −576 | −461 | |
| Proceeds of loans held for investment sold | 28 | 1 | 15 | 62 | 0 | |
| Proceeds from sale of other real estate owned | 2 | 167,000 | 539,000 | 1 | 4 | |
| Purchase of bank-owned life insurance | −13 | 0 | 0 | −7,000 | 0 | |
| Proceeds from the surrender of bank-owned life insurance | 3 | 0 | 0 | — | 0 | |
| Investment in equity method investments | 0 | −2 | −3 | −38 | −500,000 | |
| Purchase of equity securities | −5 | −353,000 | −345,000 | — | — | |
| Proceeds from sales of equity securities | 769,000 | 143,000 | 566,000 | — | — | |
| Net cash transferred for sale of discontinued operations | 0 | 0 | −4 | — | — | |
| Proceeds (cash transferred) from divestiture activity, net | 46 | 0 | −8,000 | — | — | |
| Net cash (used in) provided by investing activities | −209 | 144 | 88 | −571 | −572 | |
| Net change in deposits | 147 | −208 | 331 | 193 | 558 | |
| Net change in repurchase agreements | 580,000 | −2 | −5 | −1 | 1 | |
| Net change in FHLB and other borrowings | 0 | 0 | −102 | 102 | 0 | |
| Principal payments on senior term loan | 0 | −7 | −3 | −125,000 | 0 | |
| Common stock repurchased | −10 | 0 | 0 | 0 | 0 | |
| Common stock options exercised | 2 | 1 | 637,000 | 2 | 5 | |
| Withholding cash issued in lieu of restricted stock | −458,000 | −443,000 | −846,000 | −670,000 | −249,000 | |
| Cash dividends paid on common stock | −9 | −9 | −9 | −8 | −6 | |
| Redemption of noncontrolling interest | 0 | 0 | −100,000 | 0 | 0 | |
| Net cash provided by (used in) financing activities | 131 | −224 | 211 | 297 | 581 | |
| Net change in cash and cash equivalents | −74 | −80 | 358 | −267 | 44 | |
| Interest on deposits, repurchase agreements and borrowings | 71 | 73 | 67 | 12 | 6 | |
| Loans transferred to other real estate owned | 0 | 2 | 0 | 299,000 | 357,000 | |
| Change in unrealized holding gains (losses) on securities available-for-sale | 19 | −2 | −12 | 48 | −10 | |
| Restricted stock units vested | 110,000 | 112,000 | 130,000 | 75,000 | 77,000 | |
| Tax withholding obligations on restricted stock units issued | 25,000 | 26,000 | 98,000 | 18,000 | 7,000 | |
| Creation of servicing assets from loan sales | 0 | 69,000 | 501,000 | 1 | 0 | |
| Loans transferred to loans held-for-sale | 0 | 0 | 7 | 914,000 | 0 | |
| Impact of adopting ASC 326, net of tax | 0 | 0 | 7 | 0 | 0 | |
| Creation of right-of-use asset | 0 | −16 | 0 | 0 | — | |
| Creation of lease liability | 0 | 16 | 0 | 0 | — | |
| Receivable from loan sale | 0 | 12 | 0 | 0 | — |
Filings
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Frequently asked questions
What is MVB FINANCIAL CORP's CIK number?
MVB FINANCIAL CORP's SEC CIK number is 0001277902 (1277902). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MVB FINANCIAL CORP's SEC filings?
All of MVB FINANCIAL CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MVB FINANCIAL CORP last report earnings?
MVB FINANCIAL CORP (MVBF) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001277902-26-000060). This is MVB FINANCIAL CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is MVB FINANCIAL CORP's most recent earnings 8-K?
MVB FINANCIAL CORP's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001277902-26-000060. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MVB FINANCIAL CORP's latest earnings 8-K →
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