MVB Financial Corp.
Description
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.
About
CEO
Mr. Larry F. Mazza CPA
Employees
445
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNCM
Address
301 Virginia Avenue, Fairmont, WV 26554, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 12, 2025 | 0.33 | — | — | — |
| Oct 31, 2024 | 0.33 | 0.16 | -0.17 | -51.52% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 3 | — | 3 |
| Average estimate | — | 0.35 | — | 1.69 |
| Low estimate | — | 0.30 | — | 1.62 |
| High estimate | — | 0.46 | — | 1.83 |
| Last year EPS | — | 0.34 | — | 1.04 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-55.190%
Next qtr. (Mar 2025)
3.920%
Current year
-39.910%
Next year (Dec 2025)
63.020%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 146.48M | 138.21M | 104.80M | 117.11M | 120.96M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 67.81M | 65.14M | 55.00M | 72.48M | 67.30M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 27.29M | 15.03M | 47.48M | 46.94M | 35.01M |
| Tax provision | 5.07M | 3.29M | 9.64M | 9.53M | 8.45M |
| Net income | 31.01M | 14.39M | 38.70M | 37.41M | 26.99M |
| Basic EPS | 2.46 | 1.23 | 3.32 | 3.13 | 2.26 |
| Diluted EPS | 2.40 | 1.17 | 3.10 | 3.06 | 2.20 |
| Basic average shares | 12.69M | 12.06M | 11.78M | 11.82M | 11.71M |
| Diluted average shares | 12.69M | 12.06M | 11.78M | 11.82M | 11.71M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 31.01M | 14.39M | 38.70M | 37.41M | 26.99M |
| Minority interests | 226,000 | 660,000 | 425,000 | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 6.56M | 5.29M | 8.88M | 19.11M | 18.43M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 398.23M | 40.28M | 310.16M | 275.70M | 40.55M |
| Other short term investments | 345.28M | 379.81M | 421.47M | 410.62M | 235.82M |
| Accounts receivable | — | 89.34M | 63.23M | 69.90M | 49.67M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 3.47M | 3.47M | 3.47M | 3.94M | 3.11M |
| Machinery furniture equipment | 25.44M | 23.57M | 21.02M | 18.98M | 15.55M |
| Construction in progress | 45,000 | 508,000 | 531,000 | 49,000 | 1.02M |
| Leases | 2.84M | 2.84M | 2.90M | 3.08M | 1.99M |
| Accumulated depreciation | -24.25M | -20.14M | -16.25M | -14.19M | -13.04M |
| Goodwill | 5.68M | 5.68M | 10.29M | 7.10M | 42.73M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | 1.63M | 2.32M | 2.40M | 3.47M |
| Investments and advances | 462.12M | 494.78M | 493.88M | 484.70M | 254.34M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | 41.56M | 55.13M | 55.93M | 41.69M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 80.33M | 185.38M | 73.03M | 43.41M | 227.01M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 13.61M | 13.47M | 12.94M | 12.37M | 12.00M |
| Retained earnings | 160.86M | 144.91M | 138.22M | 105.17M | 72.50M |
| Other shareholders equity | -28.83M | -37.70M | -3.61M | 2.23M | -1.32M |
| Total shareholders equity | 289.34M | 261.39M | 275.30M | 239.48M | 211.94M |
| Additional paid in capital | 160.49M | 157.15M | 143.52M | 129.12M | 122.52M |
| Treasury stock | 16.74M | 16.74M | 16.74M | 16.74M | 1.08M |
| Minority interest | -42,000 | 307,000 | 975,000 | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||
| Net Income | 31.01M | 14.39M | 38.70M | 37.41M | 26.99M | 12.00M | 7.58M | 12.91M | 6.82M | 2.08M | 4.02M | 4.17M | 2.70M | 2.24M | 1.41M | 828,000 | 1.28M | 973,000 | 562,000 | 1.06M | 781,000 |
| Depreciation | 5.00M | 5.32M | 4.20M | 3.29M | 3.27M | 2.94M | 2.69M | 3.41M | 2.91M | 1.25M | 936,000 | 533,000 | 1.35M | 960,000 | 562,000 | 457,000 | 387,000 | 310,000 | 189,000 | 118,000 | 134,000 |
| Deferred Taxes | 97,000 | -3.63M | 6.13M | -3.39M | -3.95M | 139,000 | 1.35M | 707,000 | -395,000 | -1.08M | 494,000 | -144,000 | 147,000 | -144,000 | -39,000 | -24,000 | -117,000 | -61,000 | 37,000 | -46,000 | — |
| Stock-Based Compensation | 3.39M | 3.22M | 3.21M | 2.35M | 1.76M | 1.27M | 813,000 | 568,000 | 413,000 | 321,000 | 196,000 | 138,000 | 117,000 | 46,000 | 15,000 | 15,000 | 13,000 | — | — | — | — |
| Other Non-Cash Items | 16.89M | -22.80M | -21.18M | 90.20M | -35.18M | -10.20M | 18.60M | 12.03M | -34.56M | 19.17M | -7.19M | -15.12M | -4.41M | — | 465,000 | 700,000 | 1.03M | -1.35M | -427,000 | 428,000 | -202,000 |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | — | -1.91M | -1.49M | -409,000 | -3.03M | -1.85M | -1.21M | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | 1.38M | 775,000 | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -5.27M | -14.86M | 1.25M | -8.50M | 10.56M | -1.75M | — | — | — | — | — | — | — | 573,000 | 295,000 | — | — | — | — | — | — |
| Operating Cash Flow | 51.12M | -18.37M | 32.30M | 121.37M | 3.45M | 4.40M | 31.03M | 29.63M | -24.82M | 21.73M | -1.54M | -10.95M | -807,000 | 3.26M | -325,000 | 131,000 | 1.39M | -127,000 | 361,000 | 1.56M | 713,000 |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -1.49M | -2.99M | -4.57M | -4.93M | -2.04M | -2.69M | -4.19M | -1.09M | -2.15M | -9.80M | -6.50M | -3.86M | -669,000 | -269,000 | -142,000 | -257,000 | -2.12M | -1.18M | -2.53M | -65,000 | -72,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -8,000 | — | -96.27M | -78.70M | -2.65M | — | — | 7.05M | 48.29M | — | 725,000 | -15.65M | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -92.61M | -132.45M | -220.10M | -279.71M | -72.38M | -33.07M | -139.13M | -114.61M | -40.25M | -29.82M | -78.60M | -83.25M | -257.13M | -70.96M | -37.44M | -21.23M | -7.63M | -43.81M | -46.67M | -23.67M | -40.52M |
| Sale of Investments | 131.73M | 82.96M | 195.80M | 123.14M | 70.77M | 28.49M | 72.21M | 73.38M | 39.33M | 71.53M | 26.51M | 80.36M | 213.53M | 45.56M | 19.95M | 22.80M | 8.61M | 9.95M | 7.78M | 11.41M | 25.40M |
| Investing Cash Flow | 34.22M | -59.20M | -120.37M | -224.67M | -9.21M | -10.70M | -81.89M | -32.36M | 42.97M | 28.03M | -66.13M | -25.12M | -46.00M | -31.83M | -22.53M | 1.32M | -1.63M | -35.04M | -26.94M | -11.47M | -14.85M |
| Financing Activities | |||||||||||||||||||||
| Long-Term Debt Issuance | — | 112.33M | 30.00M | 40.00M | 8.00M | 62.72M | 26.68M | — | — | 29.40M | — | 159.98M | 80.10M | 205.72M | 9.00M | 176.55M | 104.58M | 20.64M | 18.15M | 10.15M | 13.60M |
| Long-Term Debt Payments | -105.36M | -248,000 | -552,000 | -181.00M | -12.40M | — | -15.10M | -93,000 | -2.18M | -1.16M | -2.92M | -232,000 | -98.95M | -196.30M | -21.74M | -168.19M | -90.66M | — | -1.04M | -740,000 | — |
| Other Financing Charges | -100,000 | -41,000 | -552,000 | -717,000 | — | -35,000 | — | — | — | 180,000 | 913,000 | 973,000 | — | — | — | — | -91.05M | 15.69M | 17.18M | 1.32M | — |
| Financing Cash Flow | -114.10M | 103.69M | 15.99M | -162.20M | -71.20M | 135.97M | 56.15M | -73.53M | 80.70M | 38.68M | 36.43M | 197.08M | -4.22M | 10.50M | -13.13M | 8.07M | -76.53M | 38.42M | 43.66M | 10.72M | 13.60M |
| Other Cash Details | |||||||||||||||||||||
| End Cash Position | 398.23M | 40.28M | 307.44M | 263.89M | 28.00M | 22.22M | 20.31M | 17.34M | 29.13M | 30.08M | 39.84M | 25.34M | 9.76M | 3.71M | 2.32M | 4.71M | 4.93M | 6.42M | 3.13M | 2.15M | 2.02M |
| Income Tax Paid | 13.08M | 2.29M | 11.96M | 11.97M | 3.96M | 191,000 | 6.03M | 6.92M | 2.40M | 1.73M | 863,000 | 1.18M | 1.10M | 811,000 | 607,000 | 644,000 | 500,000 | — | — | — | — |
| Interest Paid | 66.71M | 12.29M | 6.15M | 12.27M | 22.97M | 17.28M | 12.40M | 10.89M | 11.12M | 8.95M | 5.55M | 4.92M | 4.96M | 5.62M | 5.49M | 5.79M | 6.03M | — | — | — | — |
| Free Cash Flow | 56.32M | 4.31M | 29.95M | 105.62M | -10.10M | 4.00M | 28.63M | 23.60M | -25.05M | 14.62M | -5.35M | -14.79M | -1.41M | 4.74M | -331,000 | -195,000 | 469,000 | -1.27M | -2.12M | 1.67M | 1.05M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 364,893 | 7.13M | 3.22% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 331,586 | 6.48M | 2.92% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 160,092 | 3.13M | 1.41% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 115,509 | 2.26M | 1.02% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 113,521 | 2.22M | 1.00% |
| Bridgeway Funds Inc-Small Cap Value Fund | Sep 30, 2024 | 111,500 | 2.18M | 0.98% |
| GuideStone Fds Tr-Small Cap Equity Fd | Sep 30, 2024 | 96,985 | 1.90M | 0.86% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 86,258 | 1.69M | 0.76% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 66,731 | 1.30M | 0.59% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 66,851 | 1.31M | 0.59% |
Article
MVB Financial Corp. Names Glen W. Herrick as Director
FAIRMONT, W.Va.--(BUSINESS WIRE)-- #banking--The Board of Directors of MVB Financial Corp. has announced the appointment of Glen W. Herrick as a Member of the Board.
Jan 24, 2025
Article
MVB Financial Corp. Declares Fourth Quarter 2024 Dividend
FAIRMONT, W.Va.--(BUSINESS WIRE)-- #banking--MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share.
Nov 21, 2024
Article
MVB Financial (MVBF) Misses Q3 Earnings and Revenue Estimates
MVB Financial (MVBF) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.29 per share a year ago.
Oct 30, 2024
