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MVB FINANCIAL (MVBF)

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Earnings summaries and quarterly performance for MVB FINANCIAL.

Research analysts covering MVB FINANCIAL.

Recent press releases and 8-K filings for MVBF.

MVB Financial Corp. Highlights Fintech Banking Strategy and Strong Performance
MVBF
New Projects/Investments
Revenue Acceleration/Inflection
Share Buyback
  • MVB Financial Corp. (MVBF), a $3.5 billion asset bank , specializes in fintech banking, holding an 84% market share in online gaming and managing over $1 billion in deposits through 6 million Credit Karma relationships via its Banking as a Service (BaaS) offering.
  • The company recently sold its proprietary Victor technology for $43 million, realizing a $34 million gain that boosted book value and served as a "mini capital raise".
  • MVBF is actively implementing AI to optimize operations, reducing compliance and risk headcount from 160 to 117 with a goal of under 100 by the end of 2026, anticipating flat expense growth for 2026.
  • The company maintains a robust fintech services pipeline, with 14 signed Master Service Agreements (MSAs) and an additional 52 clients in earlier stages.
  • MVBF's stock has demonstrated strong performance, being up 35% year to date and ranking as the sixth best-performing community bank in the U.S. for shareholder return in 2025 , alongside completing a $10 million share repurchase and authorizing another $10 million.
Nov 20, 2025, 8:00 PM
MVB Financial Corp. Highlights Fintech Banking Strategy and Growth Catalysts
MVBF
New Projects/Investments
Revenue Acceleration/Inflection
Share Buyback
  • MVB Financial Corp. (MVBF) has transitioned to a fintech banking model, growing to a $3.5 billion NASDAQ-traded bank with operations in 40 states.
  • The company holds a dominant position in the digital gaming market, banking 43 companies including DraftKings and FanDuel, and provides banking as a service for partners like Credit Karma, managing over $1 billion in deposits.
  • MVBF sold its proprietary payment technology, Victor, for $43 million, generating a $34 million gain and contributing to its book value.
  • Operational efficiency is being driven by AI, which has reduced compliance and risk headcount from 160 to 117, with a goal to reach under 100 by the end of 2026, projecting flat expense growth for 2026.
  • The company has a strong growth pipeline, with 14 signed Master Service Agreements and 52 clients in earlier stages, indicating future revenue streams.
Nov 20, 2025, 8:00 PM
MVBF Highlights Fintech Pivot, Growth Drivers, and Operational Efficiencies
MVBF
New Projects/Investments
Share Buyback
Revenue Acceleration/Inflection
  • MVB Financial Corp. (MVBF) is a $3.5 billion asset bank with a $330 million market cap, trading around one times tangible book and 10 times forward earnings.
  • The company has strategically pivoted to a fintech-focused banking model, specializing in payments and digital gaming, serving 43 digital gaming companies and managing 6 million client relationships with Credit Karma.
  • MVBF recently sold its Victor payment technology for $43 million, realizing a $34 million gain, and is leveraging AI to reduce compliance headcount from 160 to 117 with further reductions planned by 2026.
  • The company maintains a robust growth pipeline with 14 clients having signed Master Service Agreements and 52 clients in earlier stages, supported by a strong capital foundation and 9.8% annual tangible book value growth from 2019 to September 30, 2025.
  • MVBF has executed a $10 million share repurchase and authorized another $10 million, with CEO Larry Mazza holding nearly a 10% ownership stake.
Nov 20, 2025, 8:00 PM
MVB Financial Corp. Reports Q3 2025 Highlights, Strategic Sale, and Share Repurchase Programs
MVBF
Earnings
Share Buyback
M&A
  • MVB Financial Corp. reported key highlights for Q3 2025, including the strategic sale of Victor Technologies, Inc., which generated a pre-tax gain of $34.1 million.
  • The company expects the securities repositioning and expense efficiencies from the Victor sale to add $0.30 to $0.35 to annualized EPS.
  • Tangible book value per share increased to $25.98 as of September 30, 2025, representing a 9.7% increase from Q2 2025.
  • MVB Financial Corp. completed a $10 million share repurchase program in Q3 2025 and authorized a new $10 million share repurchase program in October 2025.
  • The company achieved quarter-over-quarter loan growth of 4.9% and net interest income growth of 3.1% in Q3 2025.
Nov 5, 2025, 9:48 PM
MVB Financial Corp. Announces Strong Q3 2025 Results Driven by Strategic Transactions
MVBF
Earnings
M&A
Share Buyback
  • MVB Financial Corp. reported net income of $17.1 million and diluted earnings per share of $1.32 for the third quarter of 2025.
  • The company completed the sale of Victor Technologies, Inc., generating a pre-tax gain of $34.1 million. This strategic move, combined with a securities repositioning, is expected to add $0.30 to $0.35 to annualized EPS.
  • Loan growth was 4.9% from the prior quarter, with total loans reaching $2.26 billion as of September 30, 2025.
  • Book value per share increased 9.6% to $26.07 and tangible book value per share rose 9.7% to $25.98 as of September 30, 2025.
  • MVB also completed a $10.0 million share repurchase program, buying back 473,584 shares at an average price of $21.15 per share.
Oct 29, 2025, 8:31 PM
MVB Financial Corp. Announces Third Quarter 2025 Results
MVBF
Earnings
Share Buyback
M&A
  • MVB Financial Corp. reported net income of $17.1 million, or $1.36 per basic share and $1.32 per diluted share, for the third quarter of 2025.
  • The company completed the sale of Victor Technologies, Inc., generating a pre-tax gain of $34.1 million.
  • A securities repositioning, combined with expense efficiencies from the Victor sale, is expected to add $0.30 to $0.35 to annualized EPS.
  • Loan growth was 4.9% from the prior quarter, and the company completed a $10.0 million share repurchase program.
  • Book value per share increased 9.6% to $26.07 and tangible book value per share increased 9.7% to $25.98 as of September 30, 2025.
Oct 29, 2025, 8:30 PM
MVB Financial Corp. Announces New Stock Repurchase Program
MVBF
Share Buyback
  • MVB Financial Corp. (MVBF) announced the authorization of a new stock repurchase program by its Board of Directors on October 27, 2025.
  • The program is for up to $10 million of the company's common stock.
  • MVB intends to begin repurchasing stock in November 2025.
  • This is the second $10 million stock repurchase program for the company in 2025, following the successful completion of a previous program announced in May 2025.
Oct 27, 2025, 8:36 PM
MVB Financial Corp. announces investment securities repositioning
MVBF
New Projects/Investments
Guidance Update
  • MVB Financial Corp. implemented an investment securities repositioning strategy, selling approximately $73 million in book value of available-for-sale investment securities.
  • This sale resulted in a pre-tax loss of approximately $7.6 million, which will be recognized in the company's third quarter 2025 financial results.
  • The company expects to redeploy the proceeds into higher-yielding securities, and this repositioning, combined with other expense efficiencies, is anticipated to add approximately $0.30 to $0.35 to earnings per share on an annualized basis.
  • The loss from the securities sale is expected to have a neutral impact on consolidated shareholders’ equity and tangible book value per share.
Oct 6, 2025, 12:45 PM
MVB Financial Announces Investment Securities Repositioning Strategy
MVBF
New Projects/Investments
Guidance Update
  • MVB Financial Corp. executed an investment securities repositioning strategy, selling approximately $73 million in available-for-sale securities, which will result in a pre-tax loss of approximately $7.6 million to be recognized in its third quarter 2025 financial results.
  • The company expects to redeploy the proceeds into higher-yielding securities, anticipating an annualized addition of approximately $0.30 to $0.35 to earnings per share from this repositioning and expense efficiencies.
  • The loss from the securities sale is projected to have a neutral impact on consolidated shareholders’ equity and tangible book value per share.
Oct 6, 2025, 12:30 PM
MVB Financial Corp. Sells Victor Technologies to Jack Henry & Associates
MVBF
M&A
Share Buyback
  • MVB Financial Corp. (MVB) completed the sale of substantially all assets and operations of its subsidiary, Victor Technologies, Inc., to Jack Henry & Associates, effective September 30, 2025.
  • The transaction is projected to result in a pre-tax gain of approximately $33 million for MVB and is expected to be accretive to its earnings per share.
  • MVB intends to use the net proceeds for general corporate purposes, potentially including repositioning its available-for-sale securities portfolio and share repurchases.
  • MVB will maintain a strategic partnership with Victor and Jack Henry, ensuring continued participation in Victor's growth and success.
Oct 3, 2025, 12:31 PM