MVB Financial Corp. (MVBF) Income Statement Analysis

See more : Lightbridge Corporation (LTBR) Income Statement Analysis – Financial Results

Complete financial analysis of MVB Financial Corp. (MVBF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MVB Financial Corp., a leading company in the Banks – Regional industry within the Financial Services sector.

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MVB Financial Corp. (MVBF)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.mvbbanking.com

About MVB Financial Corp.

MVB 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	144.81M	150.10M	139.76M	160.66M	124.00M	90.69M	85.00M	82.84M	71.41M	51.16M	46.34M	24.69M	17.80M	13.27M	10.99M	9.53M	2.21M	1.69M	1.04M	946.00K	821.00K
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	3.55M	3.21M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	144.81M	150.10M	139.76M	160.66M	124.00M	87.14M	81.80M	82.84M	71.41M	51.16M	46.34M	24.69M	17.80M	13.27M	10.99M	9.53M	2.21M	1.69M	1.04M	946.00K	821.00K
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	96.08%	96.23%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	23.22M	72.16M	60.21M	61.63M	56.18M	55.38M	54.23M	54.21M	47.80M	34.69M	29.24M	10.38M	9.04M	5.32M	4.69M	4.02M	3.49M	2.90M	2.49M	1.36M	1.14M
Selling & Marketing	79.46M	0.00	525.00K	1.10M	1.29M	1.14M	1.18M	1.25M	1.38M	1.44M	1.44M	647.00K	482.00K	338.00K	309.00K	235.00K	0.00	0.00	0.00	0.00	0.00
SG&A	102.68M	72.16M	60.21M	61.63M	56.18M	56.52M	55.41M	55.46M	49.18M	36.13M	30.68M	11.03M	9.52M	5.66M	4.99M	4.26M	3.49M	2.90M	2.49M	1.36M	1.14M
Other Expenses	0.00	-194.25M	-150.96M	-175.35M	-144.74M	-110.58M	-128.23M	-129.33M	-101.52M	-77.22M	-66.47M	-24.95M	-18.71M	-10.43M	-8.60M	-6.74M	2.38M	1.09M	-438.00K	949.00K	916.00K
Operating Expenses	102.68M	-122.09M	-90.75M	-113.72M	-88.56M	-54.06M	-72.82M	-73.86M	-52.34M	-41.10M	-35.79M	-13.92M	-9.18M	-4.77M	-3.60M	-2.49M	5.87M	3.99M	2.05M	2.31M	2.06M
Cost & Expenses	102.68M	-122.09M	-90.75M	-113.72M	-88.56M	-54.06M	-69.61M	-73.86M	-52.34M	-41.10M	-35.79M	-13.92M	-9.18M	-4.77M	-3.60M	-2.49M	5.87M	3.99M	2.05M	2.31M	2.06M
Interest Income	189.82M	125.96M	83.43M	80.45M	82.36M	69.76M	56.60M	54.12M	44.10M	36.41M	26.55M	22.25M	19.01M	16.29M	14.34M	13.69M	13.27M	10.01M	6.65M	5.54M	4.85M
Interest Expense	66.54M	14.15M	6.27M	11.63M	22.96M	17.71M	12.30M	11.13M	9.23M	8.08M	5.55M	4.93M	4.90M	5.47M	5.53M	5.95M	6.38M	4.36M	2.33M	1.57M	1.70M
Depreciation & Amortization	5.00M	5.32M	4.20M	3.36M	3.26M	2.94M	2.69M	3.41M	2.91M	1.25M	936.00K	1.77M	1.35M	960.00K	562.00K	457.00K	364.00K	310.00K	189.00K	118.00K	134.00K
EBITDA	0.00	20.35M	52.78M	50.24M	38.28M	18.31M	15.02M	16.76M	11.21M	0.00	0.00	0.00	5.07M	0.00	0.00	0.00	0.00	0.00	0.00	1.80M	0.00
EBITDA Ratio	0.00%	22.20%	38.14%	31.32%	31.22%	39.72%	32.14%	38.42%	30.77%	22.11%	24.79%	50.79%	56.00%	71.30%	72.36%	78.70%	382.28%	355.13%	315.83%	356.55%	366.99%
Operating Income	42.13M	28.01M	49.00M	46.94M	35.44M	33.08M	8.98M	8.98M	19.07M	10.07M	10.55M	10.76M	8.61M	8.50M	7.39M	7.04M	8.07M	5.67M	3.08M	3.26M	2.88M
Operating Income Ratio	29.09%	18.66%	35.06%	29.22%	28.58%	36.48%	10.56%	10.84%	26.70%	19.67%	22.77%	43.60%	48.40%	64.06%	67.25%	73.90%	365.79%	336.74%	297.59%	344.08%	350.67%
Total Other Income/Expenses	-14.83M	-11.37M	4.76M	7.62M	-8.11M	-7.93M	-6.31M	-6.42M	-6.13M	0.00	-4.96M	-302.00K	0.00	0.00	1.52M	824.00K	-6.38M	1.23M	-2.52M	-118.00K	-1.70M
Income Before Tax	27.29M	18.52M	48.58M	46.94M	35.01M	15.38M	12.33M	13.36M	9.84M	1.98M	5.00M	5.83M	3.71M	3.03M	1.86M	1.09M	1.70M	1.31M	757.00K	1.69M	1.18M
Income Before Tax Ratio	18.85%	12.34%	34.76%	29.22%	28.24%	16.95%	14.51%	16.12%	13.78%	3.88%	10.80%	23.63%	20.87%	22.85%	16.92%	11.45%	76.85%	77.98%	73.07%	178.12%	143.36%
Income Tax Expense	5.07M	4.13M	9.88M	9.53M	8.45M	3.37M	4.76M	4.38M	3.03M	-96.00K	983.00K	1.67M	1.01M	795.00K	454.00K	263.00K	414.00K	341.00K	195.00K	627.00K	396.00K
Net Income	31.23M	15.05M	39.12M	37.41M	26.99M	12.00M	7.58M	12.91M	6.82M	2.08M	4.02M	4.17M	2.70M	2.24M	1.41M	828.00K	1.28M	973.00K	562.00K	1.06M	781.00K
Net Income Ratio	21.57%	10.02%	27.99%	23.29%	21.77%	13.23%	8.91%	15.59%	9.54%	4.06%	8.68%	16.88%	15.18%	16.86%	12.79%	8.69%	58.09%	57.74%	54.25%	111.84%	95.13%
EPS	2.46	1.23	3.32	3.13	2.30	0.94	0.69	1.44	0.78	0.22	0.51	0.70	0.61	0.70	0.44	0.26	0.43	0.34	0.28	0.73	0.55
EPS Diluted	2.40	1.17	3.10	3.06	2.24	0.94	0.68	1.31	0.77	0.22	0.51	0.70	0.61	0.69	0.43	0.25	0.42	0.33	0.28	0.70	0.53
Weighted Avg Shares Out	12.69M	12.28M	11.78M	11.82M	11.71M	12.72M	10.31M	8.21M	8.01M	7.94M	7.69M	5.79M	4.39M	3.21M	3.22M	3.18M	2.95M	2.87M	2.00M	1.46M	1.42M
Weighted Avg Shares Out (Dil)	13.00M	12.87M	12.61M	12.09M	12.04M	12.72M	10.44M	10.07M	8.14M	8.14M	7.69M	5.79M	4.39M	3.27M	3.27M	3.26M	3.03M	2.90M	2.03M	1.51M	1.47M

MVB Financial Corp. Declares Fourth Quarter 2024 Dividend

November 21, 2024businesswire.com

FAIRMONT, W.Va.--(BUSINESS WIRE)-- #banking--MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share.

MVB Financial (MVBF) Misses Q3 Earnings and Revenue Estimates

October 30, 2024zacks.com

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.

MVB Financial (MVBF) Earnings Expected to Grow: What to Know Ahead of Q3 Release

October 17, 2024zacks.com

MVB Financial (MVBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MVB Financial (MVBF) Misses Q2 Earnings and Revenue Estimates

July 29, 2024zacks.com

MVB Financial (MVBF) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.63 per share a year ago.

MVB Names Payments Industry Veteran Jeremy Kuiper as EVP, Fintech President

June 18, 2024businesswire.com

FAIRMONT, Va.--(BUSINESS WIRE)-- #banking--MVB Financial Corp. (Nasdaq: MVBF) (“MVB,” “MVB Financial” or the “Company”), the parent holding company for MVB Bank (the “Bank”), has named Jeremy Kuiper as EVP, Fintech President. Kuiper brings to MVB 25 years of payments industry...

MVB Financial Corp. Declares Second Quarter 2024 Dividend

May 22, 2024businesswire.com

FAIRMONT, W.Va.--(BUSINESS WIRE)-- #banking--MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of June 1,...

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Source: https://incomestatements.info
Category: Stock Reports

MVB Financial Corp. (MVBF) Income Statement Analysis – Financial Results

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