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MVB Financial Corp.

MVB Financial Corp.

NASDAQ•MVBF
CEO: Mr. Larry F. Mazza CPA
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2012-08-03
MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit. The company also provides debit cards; cashier's checks; safe deposit rental facilities; and non-deposit investment services, as well as financial technology (Fintech) banking services. In addition, it offers fintech solutions for the gaming, payments, banking-as-a-service, and digital asset sectors; fraud prevention services for merchants, credit agencies, Fintech companies, and other vendors; and digital products and web and mobile applications for forward-thinking community banks, credit unions, digital banks, and Fintech companies. It operates full-service branches in West Virginia and Virginia. MVB Financial Corp. was founded in 1999 and is based in Fairmont, West Virginia.
Contact Information
301 Virginia Avenue, Fairmont, WV, 26554, United States
304-363-4800
www.mvbbanking.com
Market Cap
$358.39M
P/E (TTM)
11.0
15.5
Dividend Yield
2.4%
52W High
$28.96
52W Low
$15.59
52W Range
94%
Rank45Top 56.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$42.35M-19.39%
4-Quarter Trend

EPS

$1.36+750.00%
4-Quarter Trend

FCF

-$3.52M-142.25%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Q3 Net Income Surge Net income $17.1M (3Q 2025) vs $2.1M (3Q 2024); driven by $34.1M pre-tax gain from Victor sale.
Loan Portfolio Expansion Total loans grew to $2.26B (9/30/25) from $2.10B (12/31/24); Fintech deposits reached $1.10B.
Stable Asset Quality Metrics NPL ratio slightly improved to 1.2% ($26.2M) from 1.3% ($28.6M) at year-end 2024; ACL increased to $23.3M.
NIM Compression Noted Tax-equivalent NIM decreased to 3.55% (3Q 2025) from 3.61% (3Q 2024); lower asset yields offset lower funding costs.

Risk Factors

Fintech Investment Write-Down Recognized $1.0M write-down on an AFS Fintech investment during the quarter; credit quality remains a key focus area.
Interest Rate Sensitivity Exposure NIM compression observed due to declining earning asset yields, despite lower overall cost of interest-bearing liabilities (3.38%).
Managing Growth Scalability Future success depends on achieving operational scalability and managing growing customer relationships efficiently to control costs.
Concentration in Gaming Deposits Significant deposit concentration exists, with $244.0M from the three largest gaming clients, posing potential liquidity risk.

Outlook

Post-Victor Portfolio Repositioning Strategic repositioning of securities portfolio completed, expecting $0.30 to $0.35 in additional annualized EPS prospectively.
Continued Fintech Focus Committed to gaming, payments, and banking-as-a-service sectors; expanding compliance and risk management teams to support growth.
Capital Strength Maintained CBLR remains strong at 11.1% (above 9% minimum); new $10M stock repurchase program announced for November 2025.
Credit Loss Forecasting Refinement ACL methodology relies on economic forecasts; management expects potential economic viability changes over the next one to two years.

Peer Comparison

Revenue (TTM)

RBB BancorpRBB
$235.28M
-0.7%
Southern First Bancshares, Inc.SFST
$211.48M
-0.9%
MVB Financial Corp.MVBF
$202.71M
-8.2%

Gross Margin (Latest Quarter)

BayCom CorpBCML
73.5%
+3.3pp
Pioneer Bancorp, Inc.PBFS
72.4%
-7.9pp
Orange County Bancorp, Inc.OBT
72.3%
+16.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SFST$442.30M14.38.6%6.0%
OBT$398.06M10.916.0%0.0%
PDLB$393.62M17.44.2%17.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-12.4%
Growth Under Pressure
4Q Net Income CAGR
22.0%
Profitability Improved
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 12, 2026
|
EPS:$0.31
|
Revenue:$35.13M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $42.35M-19.4%
    |
    EPS: $1.36+750.0%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $48.01M-9.0%
    |
    EPS: $0.16-50.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $49.33M-16.5%
    |
    EPS: $0.28-20.0%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 13, 2025|
    Revenue: $227.33M+6.7%
    |
    EPS: $1.56-36.6%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $52.54M-4.2%
    |
    EPS: $0.16-46.7%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $52.77M+0.4%
    |
    EPS: $0.32-50.0%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $59.04M+20.4%
    |
    EPS: $0.35-61.1%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 13, 2024|
    Revenue: $213.02M+39.8%
    |
    EPS: $2.46+100.0%
    Beat