MVB Financial Corp. (MVBF)

MVB Financial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	151.13	156.34	163.2	120.82	80.52	77.57
Interest Income on Investments	27.91	29.51	26.62	5.13	2.91	2.89
Total Interest Income	179.04	185.84	189.82	125.96	83.43	80.45
Interest Paid on Deposits	69.86	73.11	61.66	10.48	3.98	10.29
Interest Paid on Borrowings	3.45	3.54	4.88	3.68	2.29	1.33
Total Interest Expense	73.31	76.64	66.54	14.15	6.27	11.63
Net Interest Income	105.74	109.2	123.28	111.8	77.16	68.83
Net Interest Income Growth (YoY)	-12.39%	-11.43%	10.27%	44.90%	12.11%	15.87%
Mortgage Banking Activities	-	-	-	-	-	33.43
Gain (Loss) on Sale of Assets	12.02	11.7	-	4.98	-	0.01
Gain (Loss) on Sale of Investments	1.03	1.95	-1.66	0.93	7.66	4.79
Gain (Loss) on Sale of Equity Investments	3.19	1.42	-2.5	-0.71	17.43	24.17
Other Non-Interest Income	24.87	26.81	25.6	20.72	15.81	11.46
Total Non-Interest Income	42.09	42.91	20.7	27.57	45.07	74.2
Non-Interest Income Growth (YoY)	65.25%	107.30%	-24.90%	-38.84%	-39.26%	14.85%
Revenues Before Loan Losses	147.82	152.11	143.98	139.37	122.23	143.02
Provision for Loan Losses	1.72	3.54	-1.92	14.19	-6.28	16.58
Revenue	146.1	148.57	145.91	125.17	128.5	126.44
Revenue Growth (YoY)	-3.03%	1.83%	16.56%	-2.59%	1.63%	3.46%
Salaries and Employee Benefits	64.62	64.63	59.98	59.32	49.76	59.28
Federal Deposit Insurance	4.23	4.17	4.44	2.61	2.03	2.09
Selling, General & Administrative	43.08	45.26	42.7	39.46	34.93	27.84
Other Non-Interest Expense	8.8	8.17	10.51	8.77	5.09	7.93
Total Non-Interest Expense	120.74	122.23	117.63	110.15	91.81	97.14
EBT Excluding Unusual Items	25.37	26.34	28.28	15.03	36.7	29.3
Other Unusual Items	-	-	-0.99	-	10.78	17.64
Pretax Income	25.37	26.34	27.29	15.03	47.48	46.94
Income Tax Expense	6.06	6.1	5.07	3.29	9.64	9.53
Earnings From Continuing Operations	19.3	20.25	22.22	11.73	37.84	37.41
Earnings From Discontinued Operations	-	-	8.78	2.65	0.86	-
Minority Interest in Earnings	-0.12	-0.15	0.23	0.66	0.43	-
Net Income	19.19	20.09	31.23	15.05	39.12	37.41
Preferred Dividends & Other Adjustments	-	-	-	-	0.04	0.46
Net Income to Common	19.19	20.09	31.23	15.05	39.09	36.95
Net Income Growth	-21.28%	-35.67%	107.56%	-61.54%	4.57%	38.61%
Basic Shares Outstanding	13	13	13	12	12	12
Diluted Shares Outstanding	13	13	13	13	13	12
Shares Change (YoY)	0.99%	1.07%	0.98%	2.04%	4.35%	0.36%
EPS (Basic)	1.48	1.56	2.46	1.23	3.32	3.13
EPS (Diluted)	1.46	1.53	2.40	1.17	3.10	3.06
EPS Growth	-21.49%	-36.13%	105.44%	-62.36%	1.24%	39.38%
Dividend Per Share	0.680	0.680	0.680	0.680	0.510	0.360
Dividend Growth	-	-	-	33.33%	41.67%	84.61%
Effective Tax Rate	23.90%	23.15%	18.58%	21.92%	20.31%	20.30%

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q