NASDAQ : MVBF
MVB Financial Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 29.74 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 385.65M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 159.03M | 146.37M | 156.34M | 163.20M | 120.82M | 80.52M |
| Interest Income on Investments | 28.96M | 28.96M | 29.51M | 26.62M | 5.13M | 2.91M |
| Total Interest Income | 187.99M | 175.32M | 185.84M | 189.82M | 125.96M | 83.43M |
| Interest Paid on Deposits | 62.87M | 64.49M | 73.11M | 61.66M | 10.48M | 3.98M |
| Interest Paid on Borrowings | 3.42M | 3.42M | 3.54M | 4.88M | 3.68M | 2.29M |
| Total Interest Expense | 66.29M | 67.92M | 76.64M | 66.53M | 14.15M | 6.27M |
| Net Interest Income | 121.70M | 107.41M | 109.20M | 123.28M | 111.80M | 77.16M |
| Gain (Loss) on Sale of Assets | -898.00K | 33.80M | 11.70M | -1.10M | 4.98M | |
| Gain (Loss) on Sale of Investments | 14.64M | -3.66M | 1.95M | -1.66M | 925.00K | 7.66M |
| Gain (Loss) on Sale of Equity Investments | 8.25M | 8.15M | 1.42M | -2.50M | -713.00K | 17.43M |
| Other Non-Interest Income | 23.04M | 21.47M | 26.81M | 25.60M | 20.72M | 15.81M |
| Total Non-Interest Income | 44.89M | 59.61M | 42.91M | 19.60M | 27.57M | 45.07M |
| Revenues Before Loan Losses | 166.59M | 167.02M | 152.11M | 142.88M | 139.37M | 122.23M |
| Provision for Loan Losses | 18.62M | 8.74M | 3.54M | -1.92M | 14.19M | -6.28M |
| Revenue | 147.97M | 158.28M | 148.57M | 144.81M | 125.17M | 128.50M |
| Salaries and Employee Benefits | 64.49M | 67.18M | 65.04M | 60.71M | 59.32M | 49.76M |
| Federal Deposit Insurance | 3.64M | 3.64M | 4.17M | 4.44M | 2.60M | 2.03M |
| Selling, General & Administrative | 40.67M | 40.67M | 44.84M | 41.96M | 39.46M | 34.93M |
| Other Non-Interest Expense | 11.05M | 10.59M | 8.17M | 10.51M | 8.77M | 5.09M |
| Total Non-Interest Expense | 119.86M | 122.09M | 122.23M | 117.62M | 110.15M | 91.81M |
| EBT Excluding Unusual Items | 28.11M | 36.20M | 26.34M | 27.18M | 15.03M | 36.70M |
| Other Unusual Items | 654.00K | 654.00K | 114.00K | 10.78M | ||
| Pretax Income | 28.77M | 36.85M | 26.34M | 27.29M | 15.03M | 47.48M |
| Income Tax Expense | 6.67M | 9.93M | 6.10M | 5.07M | 3.29M | 9.64M |
| Earnings From Continuing Operations | 22.10M | 26.92M | 20.25M | 22.22M | 11.73M | 37.84M |
| Earnings From Discontinued Operations | 8.78M | 2.65M | 858.00K | |||
| Minority Interest in Earnings | 18.00K | -154.00K | 226.00K | 660.00K | 425.00K | |
| Net Income | 22.10M | 26.94M | 20.09M | 31.23M | 15.05M | 39.12M |
| Preferred Dividends & Other Adjustments | 35.00K | |||||
| Net Income to Common | 22.10M | 26.94M | 20.09M | 31.23M | 15.05M | 39.09M |
| Basic Shares Outstanding | 12.82M | 12.78M | 12.89M | 12.69M | 12.28M | 11.78M |
| Diluted Shares Outstanding | 13.19M | 13.11M | 13.14M | 13.00M | 12.87M | 12.61M |
| EPS (Basic) | 1.72 | 2.11 | 1.56 | 2.46 | 1.23 | 3.32 |
| EPS (Diluted) | 1.68 | 2.06 | 1.53 | 2.40 | 1.17 | 3.10 |
| Dividend Per Share | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.51 |
| Effective Tax Rate | 23.18% | 26.94% | 23.15% | 18.58% | 21.92% | 20.31% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 209.96M | 244.12M | 317.91M | 398.23M | 40.28M | 307.44M |
| Investment Securities | 506.32M | 258.48M | 384.22M | 379.73M | 438.21M | 420.49M |
| Trading Asset Securities | 7.87M | 6.56M | 6.25M | 9.01M | ||
| Mortgage-Backed Securities | 289.49M | 147.58M | 82.38M | 56.57M | 76.11M | |
| Total Investments | 506.32M | 555.85M | 538.36M | 468.36M | 503.79M | 496.60M |
| Gross Loans | 2.52B | 2.34B | 2.10B | 2.32B | 2.37B | 1.87B |
| Allowance for Loan Losses | -36.25M | -21.83M | -19.66M | -22.12M | -23.84M | -18.27M |
| Other Adjustments to Gross Loans | -864.00K | -1.61M | ||||
| Net Loans | 2.48B | 2.32B | 2.08B | 2.30B | 2.35B | 1.85B |
| Property, Plant & Equipment | 9.70M | 35.08M | 39.38M | 33.83M | 37.53M | 42.55M |
| Goodwill | 2.84M | 3.99M | ||||
| Loans Held for Sale | 629.00K | 23.13M | ||||
| Accrued Interest Receivable | 16.56M | 16.54M | 15.27M | 12.62M | 7.86M | |
| Other Current Assets | 2.28M | 4.32M | ||||
| Long-Term Deferred Tax Assets | 3.13M | 7.34M | 9.74M | 10.44M | ||
| Other Real Estate Owned & Foreclosed | 580.00K | 2.83M | 825.00K | 1.19M | 2.33M | |
| Other Long-Term Assets | 304.31M | 130.15M | 121.59M | 89.44M | 73.92M | 78.31M |
| Total Assets | 3.51B | 3.31B | 3.13B | 3.31B | 3.07B | 2.79B |
| Interest Bearing Deposits | 2.09B | 1.70B | 1.75B | 1.70B | 1.33B | 1.25B |
| Institutional Deposits | 596.00K | 2.96M | 3.15M | 4.39M | 9.57M | |
| Non-Interest Bearing Deposits | 996.00M | 1.14B | 940.99M | 1.20B | 1.23B | 1.12B |
| Total Deposits | 3.09B | 2.84B | 2.69B | 2.90B | 2.57B | 2.38B |
| Short-Term Borrowings | 6.96M | 8.78M | 11.07M | 120.80M | 11.38M | |
| Current Portion of Leases | 3.08M | |||||
| Accrued Interest Payable | 2.21M | 5.79M | 2.38M | 2.56M | 690.00K | |
| Other Current Liabilities | 720.00K | 5.44M | ||||
| Long-Term Debt | 54.10M | 70.03M | 69.79M | 76.33M | 79.05M | 69.03M |
| Long-Term Leases | 23.05M | 28.10M | 14.00M | 15.00M | 18.60M | |
| Trust Preferred Securities | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M | |
| Long-Term Deferred Tax Liabilities | 3.93M | |||||
| Other Long-Term Liabilities | 42.72M | 23.57M | 12.12M | 15.28M | 10.13M | 31.91M |
| Total Liabilities | 3.18B | 2.97B | 2.82B | 3.02B | 2.81B | 2.52B |
| Common Stock | 14.38M | 14.04M | 13.79M | 13.61M | 13.47M | 12.94M |
| Additional Paid-In Capital | 174.31M | 170.38M | 164.68M | 160.49M | 157.15M | 143.52M |
| Retained Earnings | 201.73M | 190.41M | 172.18M | 160.86M | 144.91M | 138.22M |
| Treasury Stock | -28.18M | -27.00M | -16.74M | -16.74M | -16.74M | -16.74M |
| Comprehensive Income & Other | -32.58M | -13.87M | -28.23M | -28.83M | -37.70M | -3.61M |
| Total Common Equity | 329.66M | 333.97M | 305.68M | 289.38M | 261.08M | 274.33M |
| Minority Interest | 112.00K | -42.00K | 307.00K | 975.00K | ||
| Shareholders' Equity | 329.66M | 333.97M | 305.79M | 289.34M | 261.39M | 275.30M |
| Total Liabilities & Equity | 3.51B | 3.31B | 3.13B | 3.31B | 3.07B | 2.79B |
| Total Debt | 54.10M | 107.12M | 110.67M | 105.40M | 218.85M | 103.02M |
| Net Cash (Debt) | 155.86M | 144.88M | 213.80M | 299.08M | -169.56M | 207.14M |
| Net Cash Per Share | 11.82 | 11.05 | 16.28 | 23.01 | -13.17 | 16.42 |
| Filing Date Shares Outstanding | 13.00M | 12.84M | 12.95M | 12.84M | 12.62M | 12.10M |
| Total Common Shares Outstanding | 13.00M | 12.72M | 12.95M | 12.76M | 12.62M | 12.09M |
| Book Value Per Share | 25.35 | 26.26 | 23.61 | 22.68 | 20.69 | 22.70 |
| Tangible Book Value | 329.66M | 333.97M | 305.68M | 289.38M | 258.25M | 270.34M |
| Tangible Book Value Per Share | 25.35 | 26.26 | 23.61 | 22.68 | 20.47 | 22.37 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 26.94M | 20.09M | 31.23M | 15.05M | 39.12M | |
| Depreciation & Amortization | 2.60M | 3.93M | 5.00M | 5.32M | 4.20M | |
| Other Amortization | 1.55M | 1.70M | 1.35M | 2.53M | 2.97M | |
| Gain (Loss) on Sale of Assets | 179.00K | -11.54M | -170.00K | -47.00K | -1.40M | |
| Gain (Loss) on Sale of Investments | 3.86M | -8.00K | 3.73M | 3.54M | -3.60M | |
| Provision for Credit Losses | 8.74M | 3.54M | -1.92M | 14.19M | -6.28M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 857.00K | 28.92M | -21.78M | -8.01M | ||
| Change in Other Net Operating Assets | 981.00K | -21.36M | -4.53M | -14.86M | 1.25M | |
| Other Operating Activities | -36.61M | 1.18M | -191.00K | -5.27M | -6.07M | |
| Net Cash from Discontinued Operations | -11.80M | |||||
| Operating Cash Flow | 4.03M | -285.00K | 58.23M | 7.35M | 34.81M | |
| Capital Expenditures | -1.92M | -1.62M | -1.92M | -3.04M | -4.87M | |
| Sale of Property, Plant and Equipment | 214.00K | 17.31M | 425.00K | 49.00K | 300.00K | |
| Cash Acquisitions | -772.00K | |||||
| Investment in Securities | 6.30M | -72.22M | 39.12M | -46.77M | -15.22M | |
| Income (Loss) Equity Investments | -8.15M | -553.00K | 3.21M | 7.11M | 13.60M | |
| Divestitures | 45.74M | -8.00K | -95.50M | |||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -251.06M | 200.83M | 54.03M | -514.64M | -460.67M | |
| Other Investing Activities | -9.87M | -3.94M | -6.72M | 954.00K | ||
| Investing Cash Flow | -208.60M | 144.46M | 88.25M | -571.13M | -571.95M | |
| Short-Term Debt Issued | 580.00K | 102.33M | 1.12M | |||
| Long-Term Debt Issued | 10.00M | 30.00M | ||||
| Total Debt Issued | 580.00K | 112.33M | 31.12M | |||
| Short-Term Debt Repaid | -2.06M | -5.22M | -1.35M | |||
| Long-Term Debt Repaid | -6.84M | -105.36M | -125.00K | |||
| Total Debt Repaid | -8.91M | -110.58M | -1.47M | |||
| Net Debt Issued (Repaid) | 580.00K | -8.91M | -110.58M | 110.86M | 31.12M | |
| Issuance of Common Stock | 2.30M | 1.49M | 637.00K | 2.07M | 4.93M | |
| Repurchase of Common Stock | -10.16M | |||||
| Preferred Share Repurchases | -7.33M | |||||
| Common Dividends Paid | -8.71M | -8.77M | -8.64M | -8.36M | -6.04M | |
| Preferred Dividends Paid | -35.00K | |||||
| Total Dividends Paid | -8.71M | -8.77M | -8.64M | -8.36M | -6.07M | |
| Net Increase (Decrease) in Deposit Accounts | 147.23M | -207.86M | 330.99M | 192.88M | 558.34M | |
| Other Financing Activities | -458.00K | -443.00K | -946.00K | -834.00K | -301.00K | |
| Financing Cash Flow | 130.78M | -224.49M | 211.47M | 296.62M | 580.68M | |
| Net Cash Flow | -73.79M | -80.32M | 357.95M | -267.16M | 43.54M | |
| Free Cash Flow | 2.11M | -1.91M | 56.32M | 4.31M | 29.95M | |
| Free Cash Flow Margin | 1.33% | -1.28% | 38.89% | 3.45% | 23.31% | |
| Free Cash Flow Per Share | 0.16 | -0.14 | 4.33 | 0.34 | 2.37 | |
| Cash Interest Paid | 71.49M | 73.24M | 66.71M | 12.29M | 6.15M | |
| Cash Income Tax Paid | 17.50M | 924.00K | 13.08M | 2.29M | 11.96M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 331.19M | 325.05M | 267.89M | 287.34M | 277.80M | 501.30M |
| Last Close Price | 25.47 | 25.37 | 19.70 | 20.77 | 19.66 | 36.29 |
| PE Ratio | 15.15 | 12.07 | 13.33 | 9.20 | 18.46 | 12.82 |
| PS Ratio | 2.24 | 2.05 | 1.80 | 1.98 | 2.22 | 3.90 |
| PB Ratio | 1.00 | 0.97 | 0.88 | 0.99 | 1.06 | 1.82 |
| P/FCF Ratio | 153.84 | 5.10 | 64.43 | 16.74 | ||
| P/OCF Ratio | 80.70 | 4.93 | 37.78 | 14.40 | ||
| Debt / Equity Ratio | 0.16 | 0.32 | 0.36 | 0.36 | 0.84 | 0.37 |
| Debt / FCF Ratio | 50.70 | 1.87 | 50.75 | 3.44 | ||
| Net Debt / Equity Ratio | -0.47 | -0.43 | -0.70 | -1.03 | 0.65 | -0.75 |
| Net Debt / FCF Ratio | -68.56 | 112.23 | -5.31 | 39.32 | -6.92 | |
| Return on Equity (ROE) | 6.72% | 8.42% | 6.80% | 8.07% | 4.37% | 14.70% |
| Return on Assets (ROA) | 0.66% | 0.84% | 0.63% | 0.70% | 0.40% | 1.48% |
| Earnings Yield | 6.60% | 8.29% | 7.50% | 10.87% | 5.42% | 7.80% |
| FCF Yield | -11.35% | 0.65% | -0.71% | 19.60% | 1.55% | 5.97% |
| Dividend Yield | 2.67% | 2.66% | 3.29% | 3.02% | 3.09% | 1.23% |
| Payout Ratio | 40.45% | 32.32% | 43.66% | 27.66% | 55.53% | 15.52% |
| Buyback Yield / Dilution | -0.52% | 0.24% | -1.07% | -0.98% | -2.04% | -4.35% |
| Total Shareholder Return | 2.15% | 2.90% | 2.21% | 2.04% | 1.05% | -3.12% |