MVB Financial Corp. (MVBF)

MVB Financial Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	185.84	163.2	120.82	80.52	77.57
Interest Income on Investments	-	26.62	5.13	2.91	2.89
Total Interest Income	185.84	189.82	125.96	83.43	80.45
Interest Paid on Deposits	76.64	61.66	10.48	3.98	10.29
Interest Paid on Borrowings	-	4.88	3.68	2.29	1.33
Total Interest Expense	76.64	66.54	14.15	6.27	11.63
Net Interest Income	109.2	123.28	111.8	77.16	68.83
Net Interest Income Growth (YoY)	-11.42%	10.27%	44.90%	12.11%	15.87%
Mortgage Banking Activities	-	-	-	-	33.43
Gain (Loss) on Sale of Assets	11.7	-1.1	4.98	-	0.01
Gain (Loss) on Sale of Investments	1.95	-1.66	0.93	7.66	4.79
Gain (Loss) on Sale of Equity Investments	1.42	-2.5	-0.71	17.43	24.17
Other Non-Interest Income	22.23	25.6	20.72	15.81	11.46
Total Non-Interest Income	42.91	19.6	27.57	45.07	74.2
Non-Interest Income Growth (YoY)	118.93%	-28.89%	-38.84%	-39.26%	14.85%
Revenues Before Loan Losses	152.11	142.88	139.37	122.23	143.02
Provision for Loan Losses	3.54	-1.92	14.19	-6.28	16.58
Revenue	148.57	144.81	125.17	128.5	126.44
Revenue Growth (YoY)	2.60%	15.68%	-2.59%	1.63%	3.46%
Salaries and Employee Benefits	67.96	59.98	59.32	49.76	59.28
Federal Deposit Insurance	-	4.44	2.61	2.03	2.09
Selling, General & Administrative	-	42.7	39.46	34.93	27.84
Other Non-Interest Expense	54.27	10.51	8.77	5.09	7.93
Total Non-Interest Expense	122.23	117.63	110.15	91.81	97.14
EBT Excluding Unusual Items	26.34	27.18	15.03	36.7	29.3
Other Unusual Items	-	0.11	-	10.78	17.64
Pretax Income	26.34	27.29	15.03	47.48	46.94
Income Tax Expense	6.1	5.07	3.29	9.64	9.53
Earnings From Continuing Operations	20.25	22.22	11.73	37.84	37.41
Earnings From Discontinued Operations	-	8.78	2.65	0.86	-
Minority Interest in Earnings	-0.15	0.23	0.66	0.43	-
Net Income	20.09	31.23	15.05	39.12	37.41
Preferred Dividends & Other Adjustments	-	-	-	0.04	0.46
Net Income to Common	20.09	31.23	15.05	39.09	36.95
Net Income Growth	-35.67%	107.56%	-61.54%	4.57%	38.61%
Basic Shares Outstanding	13	13	12	12	12
Diluted Shares Outstanding	13	13	13	13	12
Shares Change (YoY)	1.07%	0.98%	2.04%	4.35%	0.36%
EPS (Basic)	1.56	2.46	1.23	3.32	3.13
EPS (Diluted)	1.53	2.40	1.17	3.10	3.06
EPS Growth	-36.13%	105.44%	-62.36%	1.24%	39.38%
Dividend Per Share	0.680	0.680	0.680	0.510	0.360
Dividend Growth	0%	0%	33.33%	41.67%	84.62%
Effective Tax Rate	23.15%	18.58%	21.92%	20.31%	20.31%

Source: S&P Capital IQ. Banks template. Financial Sources.