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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 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 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. The company was founded in 1999 and is based in Fairmont, West Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $125M | - | $27M | $2M | 8.1% | -17.3% | 34.1% |
| 2024 | $151M | - | $20M | $-2M | 6.6% | 2.9% | -35.7% |
| 2023 | $146M | - | $31M | $56M | 10.8% | 6.0% | 107.6% |
| 2022 | $138M | - | $15M | $4M | 5.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 138.21 | 146.48 | 150.69 | 124.67 |
| Operating Revenue | - | 138.21 | 146.48 | 150.69 | 124.67 |
| Selling General And Administration | - | 65.14 | 67.81 | 72.12 | 74.62 |
| Interest Income | - | 125.96 | 189.82 | 185.84 | 175.32 |
| Interest Expense | - | 14.15 | 66.54 | 76.64 | 67.92 |
| Net Interest Income | - | 111.80 | 123.28 | 109.20 | 107.41 |
| Pretax Income | 47.48 | 15.03 | - | - | - |
| Tax Provision | - | 3.29 | 5.07 | 6.10 | 9.93 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.10 | -0.21 | 2.72 | 9.27 |
| Net Income Continuous Operations | - | 11.73 | 22.22 | 20.24 | 26.92 |
| Net Income From Continuing And Discontinued Operation | - | 15.05 | 31.23 | 20.09 | 26.94 |
| Net Income From Continuing Operation Net Minority Interest | - | 12.39 | 22.45 | 20.09 | 26.94 |
| Net Income | - | 15.05 | 31.23 | 20.09 | 26.94 |
| Net Income Common Stockholders | - | 15.05 | 31.23 | 20.09 | 26.94 |
| Net Income Including Noncontrolling Interests | - | 14.39 | 31.01 | 20.24 | 26.92 |
| Normalized Income | - | 8.51 | 23.23 | 11.10 | 1.76 |
| Diluted NI Availto Com Stockholders | - | 15.05 | 31.23 | 20.09 | 26.94 |
| Basic Average Shares | - | 12.06 | 12.69 | 12.89 | 12.78 |
| Diluted Average Shares | - | 12.94 | 13 | 13.14 | 13.11 |
| Reconciled Depreciation | - | 5.32 | 5 | 3.93 | 2.60 |
| Total Unusual Items | - | 4.98 | -0.99 | 11.70 | 34.45 |
| Total Unusual Items Excluding Goodwill | - | 4.98 | -0.99 | 11.70 | 34.45 |
| Preferred Stock Dividends | 0.04 | - | - | - | - |
| Minority Interests | - | 0.66 | 0.23 | -0.15 | 0.02 |
| Net Income Discontinuous Operations | - | 2.65 | 8.78 | 0 | 0 |
| Special Income Charges | - | 0 | -0.99 | 0 | 34.85 |
| Gain On Sale Of Business | 10.78 | 0 | -0.99 | 0 | - |
| Restructuring And Mergern Acquisition | - | 0 | 0.99 | 0 | -34.85 |
| Gain On Sale Of Security | - | -0.95 | -2.32 | 2 | -4.13 |
| Depreciation Amortization Depletion Income Statement | - | 5.50 | 5.56 | 4.58 | 3.27 |
| Depreciation And Amortization In Income Statement | - | 5.50 | 5.56 | 4.58 | 3.27 |
| General And Administrative Expense | - | 65.14 | 67.81 | 72.12 | 74.62 |
| Other Gand A | 9.52 | 12.20 | - | - | - |
| Salaries And Wages | - | 62.53 | 63.37 | 67.96 | 70.98 |
| Insurance And Claims | - | 2.60 | 4.44 | 4.17 | 3.64 |
| Selling And Marketing Expense | 0.52 | - | - | - | - |
| Occupancy And Equipment | - | 4.05 | 3.70 | 3.89 | 5.10 |
| Depreciation Income Statement | - | 5.50 | 5.56 | 4.58 | 3.27 |
| Professional Expense And Contract Services Expense | - | 15.66 | 18.34 | 21.35 | 15.12 |
| Other Non Interest Expense | - | 19.80 | 22.22 | 20.29 | 23.98 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MVB Financial Corp.this co. | MVBF | $347M | 12.90↑ premium | 1.04 | 8.1% | - |
| PCB Bancorp | PCB | $353M | 9.44 | 1.10 | 11.7% | - |
| BayCom Corp | BCML | $342M | 14.31 | 1.01 | 7.1% | - |
| Northeast Community Bancorp, Inc. | NECB | $340M | 7.65 | 0.97 | 12.6% | - |
| USCB Financial Holdings, Inc. | USCB | $340M | 13.01 |
| - |
| - |
| - |
| - |
| - |
| 1.56 |
| 12.0% |
| - |
| Avidbank Holdings, Inc. | AVBH | $338M | -17.30 | 1.20 | -7.0% | - |
| Chemung Financial Corporation | CHMG | $336M | 22.26 | 1.32 | 5.9% | - |
| Waterstone Financial, Inc. | WSBF | $336M | 12.72 | 0.96 | 7.6% | - |
| Regional Management Corp. | RM | $331M | 7.45 | 0.89 | 11.9% | - |
| Peer Median | - | 11.08 | 1.06 | 9.6% | - | |