← MVB FINANCIAL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $86.2m |
$85.0m
-1.38%
|
$38.6m
-54.54%
|
$64.6m
+67.19%
|
$160.7m
+148.69%
|
$139.8m
-13.01%
|
$150.1m
+7.40%
|
$143.0m
-4.73%
|
$152.1m
+6.37%
|
$167.7m
+10.23%
|
$144.8m
-13.67%
|
|
| Total interest income | $54.1m |
$56.6m
+4.57%
|
$69.8m
+23.26%
|
$82.4m
+18.06%
|
$80.5m
-2.32%
|
$83.4m
+3.70%
|
$126.0m
+50.98%
|
$189.8m
+50.70%
|
$185.8m
-2.09%
|
$175.3m
-5.66%
|
— | |
| Noninterest income: | ||||||||||||
| Total noninterest income | $43.2m | $40.7m | $38.6m | $64.6m | $91.8m | $62.6m | $38.3m | $19.7m | $42.9m | $60.3m | — | |
| NET INTEREST INCOME | $43.0m |
$44.3m
+3.04%
|
$52.1m
+17.51%
|
$59.4m
+14.11%
|
$68.8m
+15.87%
|
$77.2m
+12.11%
|
$111.8m
+44.90%
|
$123.3m
+10.27%
|
$109.2m
-11.42%
|
$107.4m
-1.64%
|
$115.7m
+7.70%
|
|
| Interest Income (Expense), Net | $43.0m |
$44.3m
+3.04%
|
$52.1m
+17.51%
|
$59.4m
+14.11%
|
$68.8m
+15.87%
|
$77.2m
+12.11%
|
$111.8m
+44.90%
|
$123.3m
+10.27%
|
$109.2m
-11.42%
|
$107.4m
-1.64%
|
$183.1m
+70.44%
|
|
| Marketing and Advertising Expense | $1.3m | $1.2m | $1.1m | $1.3m | $1.1m | $525k | — | — | — | — | — | |
| Labor and Related Expense | $45.2m | $44.1m | $46.2m | $56.2m | $61.6m | $60.2m | $72.2m | $63.4m | $68.0m | $71.0m | — | |
| Salaries and employee benefits | $45.2m | $44.1m | $46.2m | $56.2m | $61.6m | $60.2m | $72.2m | $63.4m | $68.0m | $71.0m | — | |
| Amortization of Intangible Assets | — | — | — | $297k | $1.2m | $684k | $685k | $192k | $90k | $8k | — | |
| Noninterest expense: | ||||||||||||
| Operating Expenses | $84.0m | $85.0m | — | — | — | — | — | — | — | — | — | |
| Other operating expenses | $1.5m | $1.7m | $1.8m | $2.7m | $5.1m | $5.4m | $9.9m | $10.5m | $8.2m | $10.6m | — | |
| Total noninterest expense | $69.2m | $70.5m | $72.9m | $87.2m | $97.1m | $97.5m | $117.4m | $117.6m | $122.2m | $122.1m | — | |
| Other operating income | $934k | $1.3m | $1.3m | $1.6m | $1.3m | $4.4m | $3.4m | $7.8m | $5.5m | $3.2m | — | |
| Interest expense: | ||||||||||||
| Interest Expense, Securities Sold under Agreements to Repurchase | $72k | $75k | $56k | $48k | $1.1m | $105k | $443k | $890k | $46k | $125k | $67.4m | |
| Total interest expense | $11.1m | $12.3m | $17.7m | $23.0m | $11.6m | $6.3m | $14.2m | $66.5m | $76.6m | $67.9m | — | |
| Net interest income after provision (release of allowance) for credit losses | $39.4m |
$42.1m
+7.03%
|
$49.6m
+17.78%
|
$57.6m
+16.12%
|
$52.2m
-9.31%
|
$83.4m
+59.69%
|
$97.6m
+16.99%
|
$125.2m
+28.27%
|
$105.7m
-15.61%
|
$98.7m
-6.61%
|
$115.7m
+17.24%
|
|
| Debt and Equity Securities, Gain (Loss) | — | — | ($25k) | ($271k) | ($34k) | ($69k) | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | $0 | $0 | ($7k) | $3.5m | $5k | ($56k) | ($269k) | $103k | $118k | — | |
| Gain (loss) on sale of available-for-sale securities, net | — | $731k | $327k | ($166k) | $914k | $3.9m | $650k | ($1.5m) | $658k | ($7.4m) | — | |
| Gain (loss) on sale of equity securities, net | — | $0 | $0 | ($7k) | $3.5m | $5k | ($56k) | ($269k) | $103k | $118k | — | |
| Gain (loss) on derivatives, net | $1.5m | ($2.7m) | ($278k) | $1.3m | $2.3m | $0 | $0 | ($659k) | $60k | ($466k) | — | |
| Gain (loss) on sale of loans, net | — | — | — | $520k | $332k | $4.2m | $1.7m | ($744k) | $1.0m | ($149k) | — | |
| Gain (loss) on acquisition and divestiture activity | — | — | — | — | — | $10.8m | $0 | ($986k) | $0 | $34.9m | — | |
| Gain (loss) on disposal of assets | — | — | — | — | $14k | $0 | $5.0m | $0 | $11.7m | ($404k) | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $1.5m | ($2.7m) | ($278k) | $1.3m | $2.3m | $0 | $0 | ($659k) | $60k | ($466k) | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | $27.6m | $17.4m | ($713k) | ($2.5m) | $1.4m | $8.2m | — | |
| Equity method investments income (loss) | — | — | $0 | $0 | $24.2m | $17.4m | ($713k) | ($2.5m) | $1.4m | $8.2m | — | |
| Income from discontinued operations, before income taxes | $6.3m | $0 | $0 | $575k | $0 | $0 | $3.5m | $11.8m | $0 | $0 | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $13.4m | $12.3m | $15.4m | $35.0m | $46.9m | $48.6m | $18.5m | $27.3m | $26.3m | $36.9m | $51.6m | |
| Income taxes | $4.4m | $4.8m | $3.4m | $8.4m | $9.5m | $9.9m | $4.1m | $3.0m | $0 | $0 | — | |
| Current Income Tax Expense (Benefit) | $6.1m | $3.4m | $3.2m | $12.6m | $12.9m | $3.8m | $7.8m | $8.0m | $3.9m | $10.3m | $12.8m | |
| Income Tax Expense (Benefit) | $4.4m | $4.8m | $3.4m | $8.4m | $9.5m | $9.9m | $4.1m | $5.1m | $6.1m | $9.9m | $12.8m | |
| Net income from continuing operations | $9.0m | $7.6m | $12.0m | $26.6m | $37.4m | $38.7m | $14.4m | $22.2m | $20.2m | $26.9m | — | |
| Net income from discontinued operations | $3.9m | $0 | $0 | $427k | $0 | $0 | $2.7m | $8.8m | $0 | $0 | — | |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | $11.8m | $7.1m | $11.5m | $26.1m | $37.0m | $39.1m | $15.0m | $22.4m | $20.1m | $26.9m | $38.8m | |
| Net Income (Loss) Attributable to Parent | $12.9m |
$7.6m
-41.33%
|
$12.0m
+58.46%
|
$27.0m
+124.87%
|
$37.4m
+38.61%
|
$39.1m
+4.57%
|
$15.0m
-61.54%
|
$31.2m
+107.56%
|
$20.1m
-35.67%
|
$26.9m
+34.09%
|
$38.8m
+44.01%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $11.8m |
$7.1m
-39.94%
|
$11.5m
+62.70%
|
$26.5m
+130.26%
|
$37.0m
+39.37%
|
$39.1m
+5.78%
|
$15.0m
-61.50%
|
$31.2m
+107.56%
|
$20.1m
-35.67%
|
$26.9m
+34.09%
|
$38.8m
+44.01%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $0 | $0 | ($425k) | ($660k) | ($226k) | $154k | ($18k) | $38.8m | |
| Preferred Stock Dividends, Income Statement Impact | $1.1m | $498k | $489k | $479k | $461k | $35k | $0 | $0 | — | — | — | |
| Income (Loss) from Continuing Operations, Per Basic Share | $1 | $1 | $1 | $2 | $3 | $3 | $1.01 | $2 | $2 | $2 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $1 | $1 | $1 | $2 | $3 | $3 | $0.96 | $2 | $2 | $2 | — | |
| Earnings Per Share, Basic | $1.44 | $0.69 | $1.04 | $2.26 | $3.13 | $3.32 | $1.23 | $2.46 | $1.56 | $2.11 | $3.04 | |
| Earnings Per Share, Diluted | $1.31 | $0.68 | $1.00 | $2.20 | $3.06 | $3.10 | $1.17 | $2.40 | $1.53 | $2.06 | $2.96 | |
| Earnings per share from continuing operations - basic (in dollars per share) | $0.96 | $0.69 | $1.04 | $2.22 | $3.13 | $3.32 | $1.01 | $1.77 | $1.56 | $2.11 | — | |
| Earnings per share from discontinued operations - basic (in dollars per share) | $0.48 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.22 | $0.69 | $0.00 | $0.00 | — | |
| Earnings per share from continuing operations - diluted (in dollars per share) | $0.92 | $0.68 | $1.00 | $2.16 | $3.06 | $3.10 | $0.96 | $1.72 | $1.53 | $2.06 | — | |
| Earnings per share from discontinued operations - diluted (in dollars per share) | $0.39 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.21 | $0.68 | $0.00 | $0.00 | — | |
| Common Stock, Dividends, Per Share, Declared | $0.08 | $0.10 | $0.11 | $2.26 | $0.00 | $0.00 | $1.23 | $2.46 | $0.00 | $0.00 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 8.2m | 10.3m | 11.0m | 11.7m | 11.8m | 11.8m | 12.3m | 12.7m | 12.9m | 12.8m | 12.7m | |
| Weighted-average shares outstanding - basic (in shares) | 8.2m | 10.3m | 11.0m | 11.7m | 11.8m | 11.8m | 12.3m | 12.7m | 12.9m | 12.8m | — | |
| Weighted-average shares outstanding - diluted (in shares) | 10.1m | 10.4m | 12.7m | 12.0m | 12.1m | 12.6m | 12.9m | 13.0m | 13.1m | 13.1m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 10.1m | 10.4m | 12.7m | 12.0m | 12.1m | 12.6m | 12.9m | 13.0m | 13.1m | 13.1m | 13.1m | |
| Additional Financial Items | ||||||||||||
| Bank Owned Life Insurance Income | $638k | $646k | $1.2m | $1.2m | $888k | $995k | $975k | $1.0m | $1.2m | $1.5m | — | |
| Equipment Expense | $2.5m | $3.0m | $3.2m | $3.6m | $3.7m | $4.6m | $5.6m | $5.6m | $4.6m | $3.3m | — | |
| Business Combination, Acquisition Related Costs | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | ($1.9m) | $3.5m | $8.7m | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | |
| Interest and fees on loans | $50.0m | $51.2m | $62.5m | $74.9m | $73.0m | $75.3m | $116.6m | $159.6m | $153.6m | $143.9m | — | |
| Interest on deposits with banks | $322k | $340k | $403k | $489k | $437k | $506k | $1.6m | $21.0m | $21.8m | $16.3m | — | |
| Interest on investment securities | $1.4m | $2.7m | $3.6m | $3.1m | $2.4m | $2.4m | $3.5m | $5.6m | $7.7m | $12.6m | — | |
| Interest on tax-exempt loans and securities | $2.4m | $2.4m | $3.3m | $4.0m | $4.6m | $5.2m | $4.2m | $3.6m | $2.7m | $2.5m | — | |
| Interest on deposits | $7.7m | $8.3m | $11.6m | $17.4m | $10.3m | $4.0m | $10.5m | $61.7m | $73.1m | $64.5m | — | |
| Interest on short-term borrowings and repurchase agreements | $72k | $75k | $56k | $48k | $1.1m | $105k | $443k | $890k | $46k | $125k | — | |
| Interest on subordinated debt | $2.2m | $2.2m | $1.8m | $770k | $261k | $2.2m | $3.1m | $3.2m | $3.2m | $3.3m | — | |
| Interest on senior term loan | — | — | — | — | $0 | $0 | $163k | $766k | $264k | $0 | — | |
| Provision (release of allowance) for credit losses | — | — | — | — | — | ($6.3m) | $14.2m | ($1.9m) | $3.5m | $8.7m | — | |
| Payment card and service charge income | $764k | $765k | $1.0m | $1.4m | $2.8m | $7.5m | $11.6m | $13.8m | $16.3m | $17.9m | — | |
| Insurance income | $420k | $563k | $716k | $727k | $872k | $1.0m | $849k | $335k | $288k | $330k | — | |
| Holding gain on equity securities | $0 | $0 | $590k | $13.8m | $374k | $3.8m | ($1.5m) | $146k | $1.2m | $3.7m | — | |
| Compliance and consulting income | — | $0 | $0 | $921k | $4.4m | $9.6m | $15.5m | $4.3m | $4.7m | $584k | — | |
| Occupancy expense | $3.7m | $4.1m | $4.2m | $4.8m | $4.6m | $4.3m | $4.1m | $3.7m | $3.9m | $5.1m | — | |
| Equipment depreciation and maintenance | $2.5m | $3.0m | $3.2m | $3.6m | $3.7m | $4.6m | $5.6m | $5.6m | $4.6m | $3.3m | — | |
| Data processing and communications | $5.0m | $5.1m | $3.7m | $4.0m | $5.4m | $4.4m | $4.2m | $4.9m | $5.5m | $5.4m | — | |
| Software costs | — | — | — | — | — | — | — | $3.5m | $3.6m | $4.9m | — | |
| Professional fees | $2.7m | $3.1m | $3.6m | $5.0m | $8.5m | $10.8m | $10.9m | $18.3m | $21.3m | $15.1m | — | |
| Insurance, tax and assessment expense | $1.5m | $1.8m | $1.8m | $1.7m | $2.1m | $2.0m | $2.6m | $4.4m | $4.2m | $3.6m | — | |
| Travel, entertainment, dues and subscriptions | $1.7m | $2.2m | $2.8m | $4.2m | $3.4m | $5.1m | $8.0m | $6.8m | $6.6m | $3.0m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $9.0m | $7.6m | $12.0m | $26.6m | $37.4m | $38.7m | $14.4m | $22.2m | $20.2m | $26.9m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $9.0m | $7.6m | $12.0m | $26.6m | $37.4m | $38.7m | $14.4m | $22.2m | $20.2m | $26.9m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $8.8m | $0 | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $3.9m | $0 | $0 | $427k | $0 | $0 | $2.7m | $8.8m | $0 | $0 | — |