The bank operates with a thin capital buffer, maintaining an equity-to-assets ratio that has hovered between 0.09 and 0.10 over the observed period.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 |
|---|
| Cash & Short Term Investments | 1.68B | 249.86M | 729.55M | 743.5M | 420.09M | 731.62M | 686.32M | 276.37M | 258.61M | 266.59M | 194.24M | 112.54M | 110.2M | 155.68M | 114.27M | 119.33M | 31.54M | 55.7M | 11.75M | 5.42M | 6.47M | 6.74M | 3.74M | 3.36M |
| Cash & Due from Banks | 9.37M | 244.13M | 317.91M | 398.23M | 40.28M | 310.16M | 275.7M | 40.55M | 37M | 35.08M | 31.87M | 42.28M | 41.98M | 49.27M | 34.77M | 19.96M | 31.54M | 55.7M | 11.75M | 5.42M | 6.47M | 6.74M | 3.74M | 3.36M |
| Short Term Investments | 0 | 5.74M | 411.64M | 345.27M | 379.81M | 421.47M | 410.62M | 235.82M | 221.61M | 231.51M | 162.37M | 70.26M | 68.21M | 106.41M | 79.5M | 99.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 3.11B | 2.87B | 2.62B | 2.76B | 2.87B | 2.35B | 1.91B | 1.77B | 1.6B | 1.39B | 1.3B | 1.25B | 984.35M | 870.51M | 642.64M | 490.86M | 362.69M | 276.26M | 229.09M | 207.86M | 170.13M | 132.88M | 98.33M | 86.56M |
| Investments Growth % | 31.51% | 9.72% | -5.18% | -3.93% | 22.41% | 22.56% | 7.91% | 10.81% | 14.78% | 7.56% | 3.71% | 26.98% | 13.08% | 35.46% | 30.92% | 35.34% | 31.29% | 20.59% | 10.21% | 22.18% | 28.04% | 35.13% | 13.6% | - |
| Long-Term Investments | 10.6B | 2.86B | 2.2B | 2.41B | 2.49B | 1.92B | 1.5B | 1.54B | 1.38B | 1.16B | 1.13B | 1.18B | 916.14M | 764.1M | 563.27M | 391.49M | 362.69M | 276.26M | 229.09M | 207.86M | 170.13M | 132.88M | 98.33M | 86.56M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 89.34M | 63.23M | 69.9M | 49.67M | 33.66M | 26.38M | 23.36M | 24.36M | 19.19M | 16.52M | 9.86M | 5.91M | 6.77M | 13.05M | 9.81M | 8.57M | 6.9M | 6.09M | 2.21M | 2.18M |
| Goodwill & Intangibles | 0 | 0 | 1.39M | 3.19M | 4.47M | 6.3M | 4.75M | 23.1M | 19.03M | 19.13M | 19.22M | 19.32M | 17.78M | 17.78M | 17.62M | 897K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 2.84M | 2.84M | 3.99M | 2.35M | 19.63M | 18.48M | 18.48M | 18.48M | 18.48M | 17.78M | 17.78M | 17.62M | 897K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 1.39M | 352K | 1.63M | 2.32M | 2.4M | 3.47M | 550K | 646K | 744K | 845K | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 10.07M | 10.38M | 39.38M | 20.93M | 23.65M | 25.05M | 26.2M | 21.97M | 26.55M | 26.69M | 25.08M | 26.27M | 25.47M | 16.92M | 11.35M | 7.78M | 7.58M | 7.76M | 8.06M | 8.24M | 6.49M | 5.63M | 1.62M | 1.67M |
| Other Assets | 170.94M | 185.1M | 130.8M | 133.32M | 40.07M | 42.26M | 41.26M | 35.37M | 34.29M | 32.67M | 22.97M | 22.33M | 21.68M | 16.06M | 10.52M | 8.08M | 5.69M | 0 | 0 | 0 | 1.29M | 0 | 305K | 1.16M |
| Total Current Assets | 26.45M | 249.86M | 729.55M | 743.5M | 509.44M | 794.85M | 756.22M | 326.04M | 292.27M | 292.97M | 217.59M | 136.9M | 129.39M | 172.2M | 124M | 125.23M | 38.31M | 68.75M | 21.56M | 13.99M | 13.37M | 12.83M | 5.95M | 5.54M |
| Total Non-Current Assets | 3.3B | 3.06B | 2.4B | 2.57B | 2.56B | 2B | 1.58B | 1.62B | 1.46B | 1.24B | 1.2B | 1.25B | 981.07M | 814.86M | 602.77M | 408.25M | 375.96M | 284.01M | 237.15M | 216.11M | 177.92M | 138.5M | 100.26M | 89.39M |
| Total Assets | 3.32B | 3.31B | 3.13B | 3.31B | 3.06B | 2.79B | 2.33B | 1.94B | 1.75B | 1.53B | 1.42B | 1.38B | 1.11B | 987.06M | 726.77M | 533.48M | 414.27M | 352.76M | 258.71M | 230.1M | 191.28M | 151.33M | 106.21M | 94.93M |
| Asset Growth % | 8.4% | 5.76% | -5.59% | 8.44% | 9.56% | 19.64% | 19.92% | 11.03% | 14.12% | 8.14% | 2.48% | 24.68% | 12.5% | 35.81% | 36.23% | 28.78% | 17.44% | 36.36% | 12.43% | 20.29% | 26.4% | 42.49% | 11.88% | - |
| Return on Assets (ROA) | 0.87% | 0.84% | 0.62% | 0.98% | 0.51% | 1.53% | 1.75% | 1.46% | 0.73% | 0.51% | 0.92% | 0.55% | 0.2% | 0.47% | 0.66% | 0.57% | 0.58% | 0.46% | 0.34% | 0.61% | 0.57% | 0.44% | 1.05% | 0.82% |
| Accounts Payable | 0 | 0 | 0 | 0 | 41.56M | 55.13M | 55.93M | 41.69M | 17.71M | 16.43M | 16.56M | 13.29M | 10.31M | 6.88M | 6.73M | 3.48M | 2.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 58.48M | 77.36M | 76.55M | 85.15M | 195.42M | 84.42M | 53.67M | 237.18M | 247.34M | 208.1M | 149.6M | 244.16M | 167.48M | 190.35M | 165.97M | 91.73M | 80.36M | 39.77M | 57.97M | 67.34M | 34M | 18.31M | 4.33M | 4.78M |
| Net Debt | 49.11M | -166.76M | -241.37M | -313.08M | 155.14M | -225.74M | -222.02M | 196.63M | 210.34M | 173.01M | 117.74M | 201.88M | 125.5M | 141.08M | 131.21M | 71.77M | 48.82M | -15.93M | 46.22M | 61.92M | 27.53M | 11.57M | 591K | 1.42M |
| Long-Term Debt | 54.05M | 74.03M | 73.79M | 80.33M | 185.38M | 73.03M | 43.41M | 227.01M | 232.41M | 185.69M | 124.44M | 216.72M | 134.81M | 108.77M | 95.74M | 13.89M | 32.74M | 4.12M | 36.07M | 27.71M | 13.79M | 3M | 4.04M | 4.78M |
| Short-Term Debt | 4.43M | 3.34M | 2.76M | 4.82M | 10.04M | 11.38M | 10.27M | 10.17M | 14.93M | 22.4M | 25.16M | 27.44M | 32.67M | 81.58M | 70.23M | 77.83M | 47.62M | 35.64M | 21.9M | 39.63M | 20.21M | 15.31M | 290K | 0 |
| Other Liabilities | 2.93B | 55.54M | 52.75M | 37.92M | 0 | 0 | 0 | 188.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.7M | 19.2M | 0 | -19.82M | 0 | 0 | 7.21M | 6.72M |
| Total Current Liabilities | 4.43M | 2.85B | 2.7B | 2.91B | 2.62B | 2.44B | 2.05B | 1.32B | 1.34B | 1.2B | 1.15B | 1.05B | 866.21M | 784.27M | 563.48M | 471.86M | 353.46M | 302.3M | 196.8M | 198.68M | 155.84M | 129.81M | 86.12M | 75.6M |
| Total Non-Current Liabilities | 2.98B | 129.56M | 126.54M | 118.24M | 185.38M | 73.03M | 43.41M | 415.28M | 232.41M | 185.69M | 124.44M | 216.72M | 134.81M | 108.77M | 95.74M | 13.89M | 30.04M | 23.32M | 36.07M | 7.89M | 13.79M | 3M | 11.25M | 11.5M |
| Total Liabilities | 2.99B | 2.97B | 2.82B | 3.02B | 2.79B | 2.51B | 2.09B | 1.73B | 1.57B | 1.38B | 1.27B | 1.27B | 1B | 893.04M | 659.22M | 485.75M | 383.5M | 325.62M | 232.87M | 206.57M | 169.63M | 132.82M | 97.36M | 87.1M |
| Total Equity | 334.92M | 333.97M | 305.79M | 289.34M | 261.7M | 276.28M | 239.48M | 211.94M | 176.77M | 150.19M | 145.63M | 114.71M | 109.44M | 94.02M | 67.55M | 47.73M | 30.77M | 27.14M | 25.84M | 23.52M | 21.66M | 18.52M | 8.84M | 7.83M |
| Equity Growth % | 27.24% | 9.21% | 5.68% | 10.56% | -5.28% | 15.36% | 13% | 19.89% | 17.7% | 3.14% | 26.95% | 4.82% | 16.4% | 39.19% | 41.52% | 55.13% | 13.38% | 5.04% | 9.82% | 8.64% | 16.94% | 109.41% | 12.97% | - |
| Equity / Assets (Capital Ratio) | 10.08% | 10.09% | 9.77% | 8.73% | 8.56% | 9.9% | 10.27% | 10.9% | 10.1% | 9.79% | 10.26% | 8.29% | 9.86% | 9.53% | 9.29% | 8.95% | 7.43% | 7.69% | 9.99% | 10.22% | 11.32% | 12.24% | 8.33% | 8.25% |
| Return on Equity (ROE) | 8.79% | 8.42% | 6.75% | 11.34% | 5.59% | 15.17% | 16.57% | 13.89% | 7.34% | 5.12% | 9.92% | 6.08% | 2.04% | 4.98% | 7.23% | 6.88% | 7.73% | 5.31% | 3.35% | 5.68% | 4.84% | 4.11% | 12.69% | 9.98% |
| Book Value per Share | 25.39 | 25.48 | 23.28 | 22.26 | 20.33 | 21.90 | 19.81 | 17.60 | 13.90 | 14.39 | 14.46 | 14.09 | 13.44 | 12.22 | 11.66 | 10.88 | 9.42 | 8.29 | 7.93 | 7.76 | 7.47 | 9.14 | 5.85 | 5.34 |
| Tangible BV per Share | 25.39 | 25.48 | 23.17 | 22.02 | 19.99 | 21.40 | 19.42 | 15.68 | 12.40 | 12.55 | 12.55 | 11.72 | 11.26 | 9.91 | 8.62 | 10.67 | 9.42 | 8.29 | 7.93 | 7.76 | 7.47 | 9.14 | 5.85 | 5.34 |
| Common Stock | 14.17M | 14.04M | 13.79M | 13.61M | 13.47M | 12.94M | 12.37M | 11.99M | 11.66M | 10.5M | 10.05M | 8.11M | 8.03M | 7.71M | 2.93M | 2.23M | 1.8M | 1.63M | 1.6M | 1.51M | 1.47M | 1.34M | 743K | 708K |
| Additional Paid-in Capital | 172.4M | 170.38M | 164.68M | 160.49M | 157.15M | 143.52M | 129.12M | 122.52M | 116.9M | 98.7M | 93.41M | 74.23M | 74.34M | 68.52M | 48.75M | 32.6M | 23.86M | 20.46M | 20.18M | 18.45M | 17.72M | 15.75M | 6.97M | 6.54M |
| Retained Earnings | 193.41M | 190.41M | 172.18M | 160.86M | 144.91M | 138.22M | 105.17M | 72.5M | 48.27M | 37.24M | 31.19M | 20.05M | 14.45M | 13.34M | 9.95M | 6.22M | 4.64M | 5.92M | 4.67M | 4.14M | 2.86M | 1.89M | 1.32M | 742K |
| Accumulated OCI | -18.06M | -13.87M | -28.23M | -28.83M | -37.7M | -3.61M | 2.23M | -1.32M | -6.81M | -2.99M | -4.28M | -2.93M | -2.64M | -2.96M | -1.5M | -742K | -263K | -343K | -315K | -405K | -373K | -443K | -189K | -159K |
| Treasury Stock | -27M | -27M | -16.74M | -16.74M | -16.74M | -16.74M | -16.74M | -1.08M | -1.08M | -1.08M | -1.08M | -1.08M | -1.08M | -1.08M | -1.08M | -1.08M | -1.01M | -522K | -299K | -168K | -18K | -10K | -9K | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 7.33M | 7.33M | 7.83M | 7.83M | 16.33M | 16.33M | 16.33M | 8.5M | 8.5M | 8.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regulatory BaaS compliance exposure
According to recent quarterly filings, MVBF's total assets have remained largely range-bound between $3.0 billion and $3.5 billion over the last ten quarters, suggesting that the bank is currently prioritizing balance sheet optimization over aggressive expansion of its core loan and securities portfolios.
The lack of meaningful asset growth indicates that management is likely focusing on refining the quality of its fintech-linked assets rather than scaling the balance sheet. Investors should monitor whether this plateau reflects a deliberate de-risking strategy or a lack of viable deployment opportunities within the current regulatory environment.
As reported in financial statements, MVBF maintains a significant liquidity position with cash and cash equivalents fluctuating between $9.4 million and $640.4 million, reflecting the bank's need to manage the high-velocity transactional nature of its gaming and fintech partner deposit base.
The wide variance in cash levels suggests that the bank must maintain substantial contingent liquidity to accommodate the potential volatility inherent in its specialized deposit franchise. This liquidity profile appears necessary to support the bank's role as a critical utility for its partners, though it may weigh on overall asset yields.
Based on reported figures, MVBF's equity-to-assets ratio has remained consistently tight, hovering near 0.09 to 0.10, which suggests that the bank operates with a relatively thin capital buffer relative to its complex, multi-segment business model and associated operational risks.
This capital position warrants close monitoring, as the bank's reliance on non-interest income and venture-related investments may require a more robust capital cushion than traditional regional peers. The current ratio appears adequate for existing operations but may limit the bank's flexibility to absorb significant regulatory or credit-related shocks.
As evidenced by the $2.6 billion to $3.1 billion held in investment securities, MVBF's balance sheet is heavily weighted toward fixed-income assets, which may expose the bank to significant interest rate sensitivity and unrealized valuation adjustments in the current macroeconomic environment.
The concentration of assets in the securities portfolio rather than a traditional loan book suggests that the bank's NIM is highly susceptible to duration mismatches. This allocation strategy appears to be a primary driver of the bank's interest rate risk profile, necessitating careful scrutiny of the portfolio's composition and potential for future impairment.
Quick answers to the most common questions about buying MVBF stock.
As of 2025, MVB Financial Corp. (MVBF) had total assets of $3.31B including $249.9M in current assets.
MVB Financial Corp. (MVBF) carries total debt of $77.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
MVB Financial Corp. (MVBF) has total shareholders' equity (book value) of $334.0M ($25.48 book value per share). Book value represents the net worth of the company belonging to common stock holders.
MVB Financial Corp. (MVBF) reported a current ratio of 0.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.