Logo

MVBF

MVB Financial Corp.

MVBF

MVB Financial Corp. • NASDAQ
$27.06 ▲ 0.22% (+0.06)
Market Cap $347.79 M
52w High $27.49
52w Low $15.59
Dividend Yield 0.68%
P/E 11.04
Volume 21.99K
Outstanding Shares 12.85M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $42.351M ▼ $-3.15M ▼ $17.136M ▲ 40.462% ▲ $1.36 ▲ $24.025M ▲
Q2-2025 $48.014M ▼ $26.254M ▼ $2.002M ▼ 4.17% ▼ $0.16 ▼ $3.948M ▼
Q1-2025 $49.326M ▼ $27.79M ▼ $3.577M ▼ 7.252% ▼ $0.28 ▼ $5.582M ▼
Q4-2024 $63.019M ▲ $32.301M ▲ $9.44M ▲ 14.98% ▲ $0.73 ▲ $13.093M ▲
Q3-2024 $52.538M $28.739M $2.08M 3.959% $0.16 $3.728M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $624.751M ▼ $3.233B ▲ $2.905B ▼ $327.752M ▲
Q2-2025 $795.934M ▲ $3.224B ▲ $2.922B ▲ $302.315M ▼
Q1-2025 $671.067M ▼ $3.02B ▼ $2.71B ▼ $310.054M ▲
Q4-2024 $729.553M ▼ $3.129B ▼ $2.823B ▼ $305.679M ▲
Q3-2024 $985.739M $3.419B $3.116B $303.086M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $17.136M ▲ $-2.564M ▼ $-62.73M ▲ $-34.043M ▼ $-99.337M ▼ $-3.519M ▼
Q2-2025 $2.002M ▼ $7.439M ▼ $-70.124M ▼ $210.614M ▲ $147.929M ▲ $7.248M ▼
Q1-2025 $3.559M ▼ $14.128M ▲ $31.269M ▲ $-111.86M ▲ $-66.463M ▲ $13.867M ▲
Q4-2024 $9.438M ▲ $-10.547M ▼ $29.524M ▲ $-311.975M ▼ $-292.998M ▼ $-10.681M ▼
Q3-2024 $2.156M $8.638M $27.769M $118.987M $155.394M $8.329M

Revenue by Products

Product Q4-2019Q1-2020Q2-2020Q3-2020
Product And Services Compliance Consulting Income
Product And Services Compliance Consulting Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Product And Services Debit Card And Interchange Income
Product And Services Debit Card And Interchange Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Product And Services Other
Product And Services Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Product And Services Service Charges On Deposit Accounts
Product And Services Service Charges On Deposit Accounts
 $0 ▲$0 ▲$0 ▲$0 ▲
Product And Services Consulting Income
Product And Services Consulting Income
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, showing that MVB is finding business both in traditional banking and its fintech-focused lines. However, profit per share is lower than it was a few years ago, even as revenue has climbed. That suggests higher costs, mix shifts, or credit and funding pressures are weighing on margins. The bank remains consistently profitable, but earnings peaked earlier in the period and have since come down to a more modest level. Overall, this looks like a company successfully growing its top line while still working through the profitability impact of its strategic pivot and a tougher interest-rate environment.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully over time, reflecting MVB’s growth in loans, fintech-related activities, and overall scale. Assets increased for several years before easing back slightly most recently, which could indicate some deliberate balance sheet pruning or funding discipline. Cash levels have swung around but are currently solid, not stretched, and the bank does not appear heavily reliant on debt funding. Shareholders’ equity has trended upward, which is a healthy sign that the bank is building capital and retaining some of its earnings. In simple terms, the balance sheet looks larger, more capable, and reasonably well-capitalized, though the recent step down in total assets is worth watching as a signal of strategy or risk management changes.

Cash Flow

Cash Flow Cash generation has been positive most years but is quite volatile, which is common for banks as loans, deposits, and securities move around. Operating and free cash flow usually move in lockstep because MVB’s spending on physical assets is low; this is more of a technology and services business than a branch-heavy one. Recent cash flow from operations has dipped toward breakeven, suggesting timing effects in the balance sheet or tighter funding conditions. The main takeaway is that the business does not appear constrained by heavy investment needs, but its cash flows can swing meaningfully year to year as the banking and fintech environments shift.

Competitive Edge

Competitive Edge MVB occupies an unusual niche: it is a regional bank by charter but strategically positioned as a technology-forward partner to fintechs, online gaming platforms, and digital asset companies. Its Banking-as-a-Service offering lets fintechs plug into MVB’s regulated infrastructure instead of building a bank from scratch. This model, combined with deep compliance and risk expertise, gives MVB a differentiated role versus more traditional community banks. At the same time, it faces competition from larger banks building similar capabilities, from pure-play fintech infrastructure providers, and from shifting regulations in payments, gaming, and crypto. Its focus on higher-risk, fast-growing sectors is both its edge and a key vulnerability: it can grow faster than a typical regional bank, but it is more exposed to regulatory, reputational, and partner-concentration risks if those niches stumble.

Innovation and R&D

Innovation and R&D Rather than classic research spending, MVB’s innovation comes through targeted technology investments and acquisitions. Buying a majority stake in a fintech-focused software developer has brought core tech talent in-house, allowing the bank to build modern, developer-friendly APIs and digital products. The Victor platform, real-time payments, embedded finance, virtual card issuance, and its digital asset partnership with a major bitcoin firm all show a deliberate push to be the plumbing behind next-generation financial services. Looking ahead, expansion into stablecoins, more advanced fraud and compliance tools, and additional strategic partnerships or acquisitions are likely themes. The innovation upside is meaningful, but it depends heavily on careful risk and regulatory navigation in areas like crypto and online gaming.

Summary

MVB Financial is in the midst of a long-running shift from a traditional community bank to a specialized infrastructure provider for fintech, gaming, and digital asset clients. Revenue has grown well, but profits per share have come down from earlier highs, suggesting that the costs and risks of this transition, plus a more challenging rate environment, are weighing on margins. The balance sheet appears sound, with growing capital and manageable leverage, and cash flows—while choppy—do not point to heavy structural strain. Competitively, MVB’s strength lies in its combination of technology, compliance expertise, and focus on underserved high-growth niches. The trade-off is higher exposure to regulatory changes, partner concentration, and the ups and downs of the fintech and digital asset cycles. Overall, this is a bank with a clear, differentiated strategy and meaningful innovation efforts, but one where execution, risk control, and regulatory developments will likely drive outcomes as much as raw growth.

NEWS

November 19, 2025 · 4:30 PM UTC

MVB Financial Corp. Declares Fourth Quarter 2025 Dividend

Read more

November 17, 2025 · 4:30 PM UTC

MVB Bank Earns Five Workplace Awards in 2025

Read more

October 29, 2025 · 4:30 PM UTC

MVB Financial Corp. Announces Third Quarter 2025 Results

Read more

October 27, 2025 · 4:30 PM UTC

MVB Financial Corp. Announces Stock Repurchase Program

Read more

October 6, 2025 · 8:30 AM UTC

MVB Financial Corp. Announces Investment Securities Repositioning Strategy

Read more