MVB Financial Corp. (MVBF) 10-Year Financial Performance & Capital Metrics

MVBF • • Banking & Credit

Financial ServicesRegional BanksDigital & Specialized BankingDigital Banking Platforms

AboutMVB Financial Corp., through its subsidiaries, provides financial services to individuals and corporate clients in the Mid-Atlantic region and internationally. The company operates through three segments: CoRe Banking, Mortgage Banking, and 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 title insurance; and integrated regulatory compliance, state licensing, financial crimes prevention, and enterprise risk management services that include consulting, outsourcing, testing, and training solutions. Further, the company offers a customizable suite of fraud prevention services for merchants, credit agencies, Fintech companies, and other vendors; and consulting for the development of online and mobile banking platforms, and digital products for Fintech companies, as well as develops software. As of December 31, 2021, it operated six full-service branches in West Virginia and two full-service branches in Virginia. MVB Financial Corp. was founded in 1997 and is headquartered in Fairmont, West Virginia.Show more

Net Interest Income $109M -11.4%
Total Revenue $227M +6.7%
Net Income $20M -35.7%
Return on Equity 6.75% -40.4%
Net Interest Margin 3.49% -6.2%
Efficiency Ratio 53.14% -6.5%
ROA 0.62% -36.4%
Equity / Assets 9.77% +11.9%
Book Value per Share 23.28 +4.6%
Tangible BV/Share 23.17 +5.2%
Debt/Equity 0.25 -14.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 53.1% efficiency ratio
✓Healthy dividend yield of 2.5%
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.11%

5Y9.57%

3Y26.97%

TTM-

Profit (Net Income) CAGR

10Y25.46%

5Y-5.73%

3Y-19.92%

TTM73.23%

EPS CAGR

10Y21.4%

5Y-7.01%

3Y-20.97%

TTM76.06%

ROCE

10Y Avg6.47%

5Y Avg8.41%

3Y Avg5.54%

Latest6.27%

Peer Comparison

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DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	34.88M	42.99M	44.3M	52.05M	59.4M	68.83M	77.16M	111.8M	123.28M	109.2M
NII Growth %	0.22%	0.23%	0.03%	0.18%	0.14%	0.16%	0.12%	0.45%	0.1%	-0.11%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	44.1M	54.12M	56.6M	69.76M	82.36M	80.45M	83.43M	125.96M	189.82M	185.84M
Interest Expense	9.22M	11.13M	12.3M	17.71M	22.96M	11.63M	6.27M	14.15M	66.53M	76.64M
Loan Loss Provision	2.49M	3.63M	2.17M	2.44M	1.79M	16.58M	-6.28M	14.19M	-1.92M	3.54M
Non-Interest Income+	31.8M	39.85M	37.5M	35.09M	61.56M	48.28M	27.64M	26.4M	23.2M	41.49M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	75.9M	93.97M	94.1M	104.85M	143.92M	128.73M	111.07M	152.36M	213.02M	227.33M
Revenue Growth %	0.36%	0.24%	0%	0.11%	0.37%	-0.11%	-0.14%	0.37%	0.4%	0.07%
Non-Interest Expense	54.69M	65.85M	67.29M	69.33M	84.16M	53.58M	63.6M	108.98M	121.11M	120.81M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	9.49M	13.36M	12.33M	15.38M	35.01M	46.94M	47.48M	15.03M	27.29M	26.34M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	2.27%	0.41%	-0.08%	0.25%	1.28%	0.34%	0.01%	-0.68%	0.82%	-0.03%
Pretax Income+	9.49M	13.36M	12.33M	15.38M	35.01M	46.94M	47.48M	15.03M	27.29M	26.34M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.89M	4.38M	4.75M	3.37M	8.45M	9.53M	9.64M	3.29M	5.07M	6.1M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.82M	12.91M	7.58M	12M	26.99M	37.41M	39.12M	15.05M	31.23M	20.09M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	2.28%	0.89%	-0.41%	0.58%	1.25%	0.39%	0.05%	-0.62%	1.08%	-0.36%
Net Income (Continuing)	6.6M	8.98M	7.58M	12M	26.56M	37.41M	37.84M	11.73M	22.22M	20.25M
EPS (Diluted)+	0.77	1.31	0.68	1.00	2.20	3.06	3.10	1.17	2.40	1.53
EPS Growth %	2.5%	0.7%	-0.48%	0.47%	1.2%	0.39%	0.01%	-0.62%	1.05%	-0.36%
EPS (Basic)	0.78	1.44	0.69	1.04	2.26	3.13	3.32	1.23	2.46	1.56
Diluted Shares Outstanding	8.14M	10.07M	10.44M	12.72M	12.04M	12.09M	12.61M	12.87M	13M	13.14M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	42.28M	31.87M	35.08M	37M	40.55M	275.7M	310.16M	40.28M	398.23M	317.91M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.25B	1.3B	1.39B	1.6B	1.77B	1.91B	2.35B	2.87B	2.76B	2.62B
Investments Growth %	0.27%	0.04%	0.08%	0.15%	0.11%	0.08%	0.23%	0.22%	-0.04%	-0.05%
Long-Term Investments	1.18B	1.13B	1.16B	1.38B	1.54B	1.5B	1.92B	2.49B	2.41B	2.2B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	18.48M	18.48M	18.48M	18.48M	19.63M	2.35M	3.99M	2.84M	2.84M	0
Intangible Assets	845K	744K	646K	550K	3.47M	2.4M	2.32M	1.63M	352K	1.39M
PP&E (Net)	26.27M	25.08M	26.69M	26.55M	21.97M	26.2M	25.05M	23.65M	20.93M	39.38M
Other Assets	22.33M	22.97M	32.67M	34.29M	35.37M	41.26M	42.26M	40.07M	133.32M	130.8M
Total Current Assets	136.9M	217.59M	292.97M	292.27M	326.04M	756.22M	794.85M	509.44M	743.5M	729.55M
Total Non-Current Assets	1.25B	1.2B	1.24B	1.46B	1.62B	1.58B	2B	2.56B	2.57B	2.4B
Total Assets+	1.38B	1.42B	1.53B	1.75B	1.94B	2.33B	2.79B	3.06B	3.31B	3.13B
Asset Growth %	0.25%	0.02%	0.08%	0.14%	0.11%	0.2%	0.2%	0.1%	0.08%	-0.06%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%
Accounts Payable	13.29M	16.56M	16.43M	17.71M	41.69M	55.93M	55.13M	41.56M	0	0
Total Debt+	244.16M	149.6M	208.1M	247.34M	237.18M	53.67M	84.42M	195.42M	85.15M	76.55M
Net Debt	201.88M	117.74M	173.01M	210.34M	196.63M	-222.02M	-225.74M	155.14M	-313.08M	-241.37M
Long-Term Debt	216.72M	124.44M	185.69M	232.41M	227.01M	43.41M	73.03M	185.38M	80.33M	73.79M
Short-Term Debt	27.44M	25.16M	22.4M	14.93M	10.17M	10.27M	11.38M	10.04M	4.82M	2.76M
Other Liabilities	0	0	0	0	188.27M	0	0	0	37.92M	52.75M
Total Current Liabilities	1.05B	1.15B	1.2B	1.34B	1.32B	2.05B	2.44B	2.62B	2.91B	2.7B
Total Non-Current Liabilities	216.72M	124.44M	185.69M	232.41M	415.28M	43.41M	73.03M	185.38M	118.24M	126.54M
Total Liabilities	1.27B	1.27B	1.38B	1.57B	1.73B	2.09B	2.51B	2.79B	3.02B	2.82B
Total Equity+	114.71M	145.63M	150.19M	176.77M	211.94M	239.48M	276.28M	261.7M	289.34M	305.79M
Equity Growth %	0.05%	0.27%	0.03%	0.18%	0.2%	0.13%	0.15%	-0.05%	0.11%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.06%	0.1%	0.05%	0.07%	0.14%	0.17%	0.15%	0.06%	0.11%	0.07%
Book Value per Share	14.09	14.46	14.39	13.90	17.60	19.81	21.90	20.33	22.26	23.28
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	8.11M	10.05M	10.5M	11.66M	11.99M	12.37M	12.94M	13.47M	13.61M	13.79M
Additional Paid-in Capital	74.23M	93.41M	98.7M	116.9M	122.52M	129.12M	143.52M	157.15M	160.49M	164.68M
Retained Earnings	20.05M	31.19M	37.24M	48.27M	72.5M	105.17M	138.22M	144.91M	160.86M	172.18M
Accumulated OCI	-2.93M	-4.28M	-2.99M	-6.81M	-1.32M	2.23M	-3.61M	-37.7M	-28.83M	-28.23M
Treasury Stock	-1.08M	-1.08M	-1.08M	-1.08M	-1.08M	-16.74M	-16.74M	-16.74M	-16.74M	-16.74M
Preferred Stock	16.33M	16.33M	7.83M	7.83M	7.33M	7.33M	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-22.9M	25.26M	33.12M	6.69M	-8.06M	112.23M	34.81M	7.35M	58.23M	-285K
Operating CF Growth %	-1.94%	2.1%	0.31%	-0.8%	-2.2%	14.92%	-0.69%	-0.79%	6.92%	-1%
Net Income	6.82M	12.91M	7.58M	12M	26.99M	37.41M	38.7M	14.39M	31.01M	20.25M
Depreciation & Amortization	2.91M	3.41M	2.69M	2.94M	3.27M	3.29M	4.2M	5.32M	5M	3.93M
Deferred Taxes	-395K	707K	1.35M	139K	-3.95M	-3.39M	6.13M	-3.63M	97K	2.2M
Other Non-Cash Items	-32.64M	7.67M	20.69M	-7.9M	-46.69M	81.07M	-18.66M	2.92M	24M	-8.21M
Working Capital Changes	0	0	0	-1.75M	10.56M	-8.5M	1.25M	-14.86M	-5.27M	-21.78M
Cash from Investing+	-173.44M	-55.98M	-136.1M	-209.98M	-120.06M	-294.11M	-571.95M	-571.13M	88.25M	144.46M
Purchase of Investments	-40.25M	-114.61M	-139.13M	-33.07M	-72.38M	-279.71M	-220.1M	-132.45M	-92.61M	-114.06M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	48.29M	7.05M	0	0	-2.65M	-78.7M	-96.27M	0	-8K	0
Other Investing	-218.66M	-20.13M	-64.69M	-202.71M	-113.75M	-52.23M	-446.52M	-518.6M	51.05M	218.3M
Cash from Financing+	195.4M	18.93M	105.94M	205.2M	133.9M	417.77M	580.68M	296.62M	211.57M	-224.49M
Dividends Paid	-1.22M	-1.77M	-1.53M	-1.71M	-2.77M	-4.74M	-6.07M	-8.36M	-8.64M	-8.77M
Share Repurchases	0	0	0	0	0	-15.75M	0	-670K	-846K	-443K
Stock Issued	0	20.52M	4.93M	0	0	0	500K	2.07M	637K	1.49M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K
Other Financing	114.71M	92.46M	49.8M	144.19M	141.57M	579.25M	564.14M	191.49M	325.78M	-209.92M
Net Change in Cash+	-944K	-11.79M	2.96M	1.92M	5.78M	235.89M	43.54M	-267.16M	357.95M	-80.32M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	30.08M	29.13M	17.34M	20.3M	22.22M	28M	263.89M	307.44M	40.28M	398.23M
Cash at End	29.13M	17.34M	20.3M	22.22M	28M	263.89M	307.44M	40.28M	398.23M	317.91M
Interest Paid	11.12M	10.89M	12.4M	17.28M	22.97M	12.27M	6.15M	12.29M	66.71M	73.24M
Income Taxes Paid	2.4M	6.92M	6.03M	191K	3.96M	11.97M	11.96M	2.29M	13.08M	924K
Free Cash Flow+	-25.05M	23.6M	28.63M	4M	-10.1M	105.62M	29.95M	4.31M	56.32M	-1.91M
FCF Growth %	-2.71%	1.94%	0.21%	-0.86%	-3.53%	11.45%	-0.72%	-0.86%	12.06%	-1.03%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.08%	9.92%	5.12%	7.34%	13.89%	16.57%	15.17%	5.59%	11.34%	6.75%
Return on Assets (ROA)	0.55%	0.92%	0.51%	0.73%	1.46%	1.75%	1.53%	0.51%	0.98%	0.62%
Net Interest Margin	2.52%	3.03%	2.89%	2.97%	3.06%	2.95%	2.77%	3.66%	3.72%	3.49%
Efficiency Ratio	72.06%	70.08%	71.51%	66.12%	58.48%	41.62%	57.26%	71.53%	56.85%	53.14%
Equity / Assets	8.29%	10.26%	9.79%	10.1%	10.9%	10.27%	9.9%	8.56%	8.73%	9.77%
Book Value / Share	14.09	14.46	14.39	13.9	17.6	19.81	21.9	20.33	22.26	23.28
NII Growth	21.7%	23.27%	3.04%	17.51%	14.11%	15.87%	12.11%	44.9%	10.27%	-11.42%
Dividend Payout	9.4%	5%	13.64%	10.16%	8.48%	11.43%	15.43%	55.53%	27.66%	43.66%

Revenue by Segment

	2019
Product And Services, Service Charges On Deposit Accounts	1.41M
Product And Services, Service Charges On Deposit Accounts Growth	-
Product And Services, Consulting Income	921K
Product And Services, Consulting Income Growth	-
Product And Services, Debit Card And Interchange Income	571K
Product And Services, Debit Card And Interchange Income Growth	-
Product And Services, Other	499K
Product And Services, Other Growth	-

Frequently Asked Questions

Valuation & Price

MVB Financial Corp. (MVBF) has a price-to-earnings (P/E) ratio of 17.8x. This is roughly in line with market averages.

Growth & Financials

MVB Financial Corp. (MVBF) grew revenue by 6.7% over the past year. This is steady growth.

Yes, MVB Financial Corp. (MVBF) is profitable, generating $32.2M in net income for fiscal year 2024 (8.8% net margin).

Dividend & Returns

Yes, MVB Financial Corp. (MVBF) pays a dividend with a yield of 2.46%. This makes it attractive for income-focused investors.

MVB Financial Corp. (MVBF) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.

Industry Metrics

MVB Financial Corp. (MVBF) has a net interest margin (NIM) of 3.5%. This indicates healthy earnings from lending activities.

MVB Financial Corp. (MVBF) has an efficiency ratio of 53.1%. This is excellent, indicating strong cost control.

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