MVB Financial Corp., together with its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the United States. The company operates through three segments: Commercial and Retail Banking; Mortgage Banking; and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and grants various types of loans, including commercial and commercial real estate loans, residential real estate loans, home equity lines of credit, and consumer loans. The company also provides debit cards; cashier's checks; safe deposit rental facilities; and non-deposit investment services, as well as automated teller machines, and internet and telephone banking services. The company operates 13 full-service banking branches; ten offices in West Virginia; and three in Virginia. MVB Financial Corp. was founded in 1997 and is headquartered in Fairmont, West Virginia.
IPO Year:
Exchange: NASDAQ
Website: mvbbanking.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2024 | $21.00 | Outperform → Market Perform | Hovde Group |
| 5/8/2024 | $27.00 → $23.00 | Outperform | Hovde Group |
| 2/27/2023 | $35.00 | Overweight | JP Morgan |
| 2/21/2023 | $29.00 | Outperform | Raymond James |
| 4/1/2022 | $64.00 | Strong Buy | Raymond James |
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the first quarter of 2025, with reported net income of $3.6 million, or $0.28 basic and $0.27 diluted earnings per share. First Quarter 2025 Highlights Net interest margin up 20 bps, to 3.63%, from the prior quarter. Net interest income up 7.1% from the prior quarter. Noninterest expense down 14.6% from the prior quarter. Noninterest bearing deposits represent 40.0% of total deposits. Asset quality indicators improved, and capital strength was further enhanced. Book value per share and tangible book value per share inc
The Board of Directors of MVB Financial Corp. ("MVBF" or "MVB Financial") (NASDAQ:MVBF) has announced the appointment of Vic Maculaitis as a Member of the Board. "With more than 20 years of professional experience as an industry leader, entrepreneur and business operator with niche experience in the Financial Crime Risk and Compliance industry, Vic's expertise will be an asset to the Board as MVB continues to execute our strategic plan," said W. Marston "Marty" Becker, Chairman, MVBF Board of Directors. Maculaitis is the Founder and Managing Partner of i3strategies®️, a leading market research and strategy consultant with global clients across private equity/venture capital, professiona
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 March 1, 2025, payable on March 15, 2025. This is the first quarterly dividend for 2025. "The fourth quarter marked the end of a pivotal transition year, during which we simplified our growth strategy and strengthened our team to make meaningful investments in the future," said CEO Larry F. Mazza. "Our laser focus on payments continues to drive meaningful progress, as we deliver innovative solutions to support our existing clients and grow revenue. With loan pipelin
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the fourth quarter and year ended December 31, 2024, with reported net income of $9.4 million, or $0.73 basic and $0.72 diluted earnings per share for the three months ended December 31, 2024. Fourth Quarter 2024 Highlights Net income was $9.4 million, an increase of $7.4 million from prior quarter. Noninterest bearing deposits represent 34.9% of total deposits. Tangible book value per share of $23.37, up 0.7% from the prior quarter. Capital strength further enhanced. MVB names Jeffrey Weidley as Chief Deposit Off
The Board of Directors of MVB Financial Corp. ("MVBF" or "MVB Financial") (NASDAQ:MVBF) has announced the appointment of Glen W. Herrick as a Member of the Board. "MVB is pleased to have Glen join the MVB Board of Directors. With his career focus on leading strategy, finance, investing, planning, forecasting, investor relations and corporate development efforts as a Chief Financial Officer in the banking, specialty finance, capital markets and Fintech sectors, he will provide valuable expertise to the Board as we pursue the growth vehicles of MVB's strategic plan," said W. Marston "Marty" Becker, Chairman, MVBF Board of Directors. Herrick brings more than three decades of experience on
MVB Financial Corp. (NASDAQ:MVBF) ("MVB," "MVB Financial" or the "Company"), the parent holding company for MVB Bank (the "Bank"), has named Jeffrey Weidley as Chief Deposit Officer. Weidley is an accomplished banker with a track record of developing and executing strategic initiatives, building profitable business units and optimizing client experiences. "We are pleased to welcome Jeff Weidley to the MVB family as a trusted partner on the financial frontier, committed to the success of our Team, clients, communities and shareholders," said Larry F. Mazza, CEO, MVB Financial and MVB Bank. "With his expertise in payments, commercial and consumer banking and his proven ability to drive gr
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 December 1, 2024, payable on December 15, 2024. This is the fourth quarterly dividend for 2024. "We are pleased to continue to add value for our shareholders and encouraged by the adaptability of Team MVB and the resilience of our business model," said Larry F. Mazza, Chief Executive Officer, MVB Financial. "MVB's foundational strength remains intact, evidenced by stable asset quality, an enhanced capital base and growth in tangible book value per share. We are in
MVB Financial Corp. (NASDAQ:MVBF) ("MVB," "MVB Financial" or the "Company"), the parent holding company for MVB Bank (the "Bank"), has named Joe Rodriguez as Chief Risk Officer. Rodriguez has a strong reputation in the financial services risk management industry as a leader who operates at the intersection of innovation and prudent risk management. "We are pleased to welcome Joe Rodriguez to the MVB family as a trusted partner on the financial frontier, committed to the success of our Team, clients, communities and shareholders," said Larry F. Mazza, CEO, MVB Financial and MVB Bank. "Known for his deep-seated expertise in banking and financial services regulatory frameworks, Joe has bui
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the third quarter of 2024, with reported net income of $2.1 million, or $0.16 basic and diluted earnings per share. Third Quarter 2024 Highlights Previously disclosed digital asset program exit reduced EPS by $0.29 in third quarter and $0.37 year-to-date. Noninterest bearing deposits represent 33.0% of total deposits. On balance sheet payments-related deposits increased by 60.8% due to growth in existing relationships. Tangible book value per share of $23.20, up 2.2% from the prior quarter. Capital strength further enha
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 September 1, 2024, payable on September 15, 2024. This is the third quarterly dividend for 2024. "Several notable developments during the second quarter impacted our near-term financial results, while also helped to solidify our strategy, setting the stage for future growth and improved profitability," said Larry F. Mazza, Chief Executive Officer, MVB. "MVB's second quarter financial results were marked by improved expense control, shareholder value creation in th
8-K - MVB FINANCIAL CORP (0001277902) (Filer)
10-Q - MVB FINANCIAL CORP (0001277902) (Filer)
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Hovde Group downgraded MVB Financial from Outperform to Market Perform and set a new price target of $21.00
Hovde Group reiterated coverage of MVB Financial with a rating of Outperform and set a new price target of $23.00 from $27.00 previously
JP Morgan initiated coverage of MVB Financial with a rating of Overweight and set a new price target of $35.00
Raymond James resumed coverage of MVB Financial with a rating of Outperform and set a new price target of $29.00
Raymond James initiated coverage of MVB Financial with a rating of Strong Buy and set a new price target of $64.00
Piper Sandler downgraded MVB Financial from Overweight to Neutral
Piper Sandler downgraded MVB Financial from Overweight to Neutral and set a new price target of $38.00 from $24.00 previously
The Board of Directors of MVB Financial Corp. ("MVBF" or "MVB Financial") (NASDAQ:MVBF) has announced the appointment of Vic Maculaitis as a Member of the Board. "With more than 20 years of professional experience as an industry leader, entrepreneur and business operator with niche experience in the Financial Crime Risk and Compliance industry, Vic's expertise will be an asset to the Board as MVB continues to execute our strategic plan," said W. Marston "Marty" Becker, Chairman, MVBF Board of Directors. Maculaitis is the Founder and Managing Partner of i3strategies®️, a leading market research and strategy consultant with global clients across private equity/venture capital, professiona
The Board of Directors of MVB Financial Corp. ("MVBF" or "MVB Financial") (NASDAQ:MVBF) has announced the appointment of Glen W. Herrick as a Member of the Board. "MVB is pleased to have Glen join the MVB Board of Directors. With his career focus on leading strategy, finance, investing, planning, forecasting, investor relations and corporate development efforts as a Chief Financial Officer in the banking, specialty finance, capital markets and Fintech sectors, he will provide valuable expertise to the Board as we pursue the growth vehicles of MVB's strategic plan," said W. Marston "Marty" Becker, Chairman, MVBF Board of Directors. Herrick brings more than three decades of experience on
Purpose and Values Driven Culture Recognized Nationally MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. ("MVB Financial") (NASDAQ:MVBF) (collectively "MVB"), for the third consecutive year has been named one of American Banker Magazine's Best Banks to Work For. MVB placed number 16 among the 90 U.S. banks in the ranking, which assesses employee satisfaction in areas including corporate culture and communications, training and development opportunities and pay and benefits. "Through our strategic Culture Initiative, culture has become MVB's secret sauce and part of our corporate DNA, mindset and behavior of Team MVB," said Larry F. Mazza, CEO, MVB Financial. "These resul
The Board of Directors of MVB Financial Corp. ("MVBF" or "MVB Financial") (NASDAQ:MVBF) has announced the appointment of Jan L. Owen as a Member of the Board. "MVB is pleased to have Jan join the MVB Board of Directors. With her strong knowledge of federal, state and international regulatory requirements and her background in payments and cryptocurrency, she will provide valuable expertise to the Board as we pursue our growth vehicles related to our expanding Fintech business," said W. Marston "Marty" Becker, Chairman, MVBF Board of Directors. Since 2019, Owen has been a senior advisor in the Financial Services Group at Manatt, Phelps & Phillips, LLP, and is based in the Sacramento, Calif
The Board of Directors of MVB Financial Corp. ("MVB" or "MVB Financial") (NASDAQ:MVBF) has announced the appointment of Lindsay Slader as a Member of the Board. "MVB is pleased to have Lindsay join the MVB Board of Directors. As a leader in the gaming industry, she will provide valuable expertise to the Board as we pursue our growth vehicles related to our expanding Fintech business," said David Alvarez, Chairman, MVB Financial Board of Directors. Slader was approved as a Director by the shareholders of MVB at the annual meeting of shareholders Tuesday, May 17, 2022, to serve for a three-year term. Slader serves as the Managing Director of Gaming at GeoComply, a cybersecurity and fraud p
The Board of Directors of MVB Financial Corp. ("MVB" or "MVB Financial") (NASDAQ:MVBF) has announced the appointment of Daniel W. Holt as a Member of the Board. "MVB is pleased that Dan is rejoining the MVB Board of Directors, where he previously served from 2017 to 2021. As a leader in the Fintech world, Dan has been a great asset to the Board and an exceptional resource in supporting MVB as the company executes in the Fintech industry," said David Alvarez, Chairman, MVB Financial Board of Directors. On January 17, 2022, the MVB Board of Directors expanded the number of directors to 10 and elected Daniel W. Holt as a director, subject to the approval of the shareholders of MVB at the nex
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the first quarter of 2025, with reported net income of $3.6 million, or $0.28 basic and $0.27 diluted earnings per share. First Quarter 2025 Highlights Net interest margin up 20 bps, to 3.63%, from the prior quarter. Net interest income up 7.1% from the prior quarter. Noninterest expense down 14.6% from the prior quarter. Noninterest bearing deposits represent 40.0% of total deposits. Asset quality indicators improved, and capital strength was further enhanced. Book value per share and tangible book value per share inc
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 March 1, 2025, payable on March 15, 2025. This is the first quarterly dividend for 2025. "The fourth quarter marked the end of a pivotal transition year, during which we simplified our growth strategy and strengthened our team to make meaningful investments in the future," said CEO Larry F. Mazza. "Our laser focus on payments continues to drive meaningful progress, as we deliver innovative solutions to support our existing clients and grow revenue. With loan pipelin
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the fourth quarter and year ended December 31, 2024, with reported net income of $9.4 million, or $0.73 basic and $0.72 diluted earnings per share for the three months ended December 31, 2024. Fourth Quarter 2024 Highlights Net income was $9.4 million, an increase of $7.4 million from prior quarter. Noninterest bearing deposits represent 34.9% of total deposits. Tangible book value per share of $23.37, up 0.7% from the prior quarter. Capital strength further enhanced. MVB names Jeffrey Weidley as Chief Deposit Off
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 December 1, 2024, payable on December 15, 2024. This is the fourth quarterly dividend for 2024. "We are pleased to continue to add value for our shareholders and encouraged by the adaptability of Team MVB and the resilience of our business model," said Larry F. Mazza, Chief Executive Officer, MVB Financial. "MVB's foundational strength remains intact, evidenced by stable asset quality, an enhanced capital base and growth in tangible book value per share. We are in
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the third quarter of 2024, with reported net income of $2.1 million, or $0.16 basic and diluted earnings per share. Third Quarter 2024 Highlights Previously disclosed digital asset program exit reduced EPS by $0.29 in third quarter and $0.37 year-to-date. Noninterest bearing deposits represent 33.0% of total deposits. On balance sheet payments-related deposits increased by 60.8% due to growth in existing relationships. Tangible book value per share of $23.20, up 2.2% from the prior quarter. Capital strength further enha
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 September 1, 2024, payable on September 15, 2024. This is the third quarterly dividend for 2024. "Several notable developments during the second quarter impacted our near-term financial results, while also helped to solidify our strategy, setting the stage for future growth and improved profitability," said Larry F. Mazza, Chief Executive Officer, MVB. "MVB's second quarter financial results were marked by improved expense control, shareholder value creation in th
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the second quarter of 2024, with reported net income of $4.1 million, or $0.32 basic and $0.31 diluted earnings per share. Second Quarter 2024 Highlights MVB names payments industry veteran Jeremy Kuiper as Fintech President. MVB and Intuit-Credit Karma renew partnership agreement. Exit of digital asset program account relationships during second quarter reduced EPS by $0.08 with strong funding and liquidity profile maintained. Noninterest bearing deposits represent 34.1% of total deposits | Loan-to-deposit ratio of
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, 2024, payable on June 15, 2024. This is the second quarterly dividend for 2024. "Amidst volatile market conditions in the first quarter of 2024, MVB made progress on several key initiatives. Most notably, we further solidified foundational measures of safety and soundness. Our balance sheet liquidity position and the quality of our funding mix improved; asset quality indicators were stable; commercial real estate concentrations remained well within regulator
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the first quarter of 2024, with reported net income of $4.5 million, or $0.35 basic and $0.34 diluted earnings per share. First Quarter 2024 Highlights As Compared to Fourth Quarter 2023 Total revenue increased 6.8%, or $2.4 million. Fintech fee income grew 26.3%, or $1.0 million. Noninterest bearing deposits increased 16.2%, or $193.8 million, and represent 44% of total deposits. Nonperforming loans declined 8.7%; Measures of asset quality and capital strength were stable. Book value per share and tangible book v
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 March 1, 2024, payable on March 15, 2024. This is the first quarterly dividend for 2024. "MVB closed a challenging year for the banking industry with strong fourth quarter results. Loans and investment securities continued to reprice higher, excess liquidity was redeployed as the pace of loan growth picked up and funding costs stabilized, driving significant improvement in net interest margin and net interest income. At the same time, expenses were well-controlled,