MVB Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	175.32	156.34	163.2	120.82	80.52
Interest Income on Investments	-	29.51	26.62	5.13	2.91
Total Interest Income	175.32	185.84	189.82	125.96	83.43
Interest Paid on Deposits	67.92	73.11	61.66	10.48	3.98
Interest Paid on Borrowings	-	3.54	4.88	3.68	2.29
Total Interest Expense	67.92	76.64	66.54	14.15	6.27
Net Interest Income	107.41	109.2	123.28	111.8	77.16
Net Interest Income Growth (YoY)	-1.64%	-11.43%	10.27%	44.90%	12.11%
Gain (Loss) on Sale of Assets	34.45	11.7	-	4.98	-
Gain (Loss) on Sale of Investments	-3.66	1.95	-1.66	0.93	7.66
Gain (Loss) on Sale of Equity Investments	8.15	1.42	-2.5	-0.71	17.43
Other Non-Interest Income	17.44	26.81	25.6	20.72	15.81
Total Non-Interest Income	60.27	42.91	20.7	27.57	45.07
Non-Interest Income Growth (YoY)	40.44%	107.30%	-24.90%	-38.84%	-39.26%
Revenues Before Loan Losses	167.67	152.11	143.98	139.37	122.23
Provision for Loan Losses	8.74	3.54	-1.92	14.19	-6.28
Revenue	158.94	148.57	145.91	125.17	128.5
Revenue Growth (YoY)	6.98%	1.83%	16.56%	-2.59%	1.63%
Salaries and Employee Benefits	70.98	64.63	59.98	59.32	49.76
Federal Deposit Insurance	-	4.17	4.44	2.61	2.03
Selling, General & Administrative	-	45.26	42.7	39.46	34.93
Other Non-Interest Expense	51.1	8.17	10.51	8.77	5.09
Total Non-Interest Expense	122.09	122.23	117.63	110.15	91.81
EBT Excluding Unusual Items	36.85	26.34	28.28	15.03	36.7
Other Unusual Items	-	-	-0.99	-	10.78
Pretax Income	36.85	26.34	27.29	15.03	47.48
Income Tax Expense	9.93	6.1	5.07	3.29	9.64
Earnings From Continuing Operations	26.92	20.25	22.22	11.73	37.84
Earnings From Discontinued Operations	-	-	8.78	2.65	0.86
Minority Interest in Earnings	0.02	-0.15	0.23	0.66	0.43
Net Income	26.94	20.09	31.23	15.05	39.12
Preferred Dividends & Other Adjustments	-	-	-	-	0.04
Net Income to Common	26.94	20.09	31.23	15.05	39.09
Net Income Growth	34.09%	-35.67%	107.56%	-61.54%	4.57%
Basic Shares Outstanding	13	13	13	12	12
Diluted Shares Outstanding	13	13	13	13	13
Shares Change (YoY)	-0.24%	1.07%	0.98%	2.04%	4.35%
EPS (Basic)	2.11	1.56	2.46	1.23	3.32
EPS (Diluted)	2.06	1.53	2.40	1.17	3.10
EPS Growth	34.64%	-36.13%	105.44%	-62.36%	1.24%
Dividend Per Share	0.680	0.680	0.680	0.680	0.510
Dividend Growth	-	-	-	33.33%	41.67%
Effective Tax Rate	26.94%	23.15%	18.58%	21.92%	20.31%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.