MVB FINANCIAL CORP MVBF
MVB Financial Corp. is a financial holding company organized in 2003 as a West Virginia corporation that operates principally through its wholly-owned subsidiary, MVB Bank, Inc. (the "Bank"). The Bank's consolidated subsidiaries include MVB Edge Ventures, Inc. ("Edge Ventures"), Paladin Fraud, LLC ("Paladin Fraud") and MVB Insurance, LLC. Edge Ventures wholly-owns MVB Technology, LLC and Victor Technologies, Inc. ("Victor"). The Bank also owns an equity method investment in Intercoastal Mortgage Company, LLC ("ICM") and MVB Financial Corp. owns equity method investments in Warp Speed Holdings, LLC ("Warp Speed") and Ayers Socure II, LLC ("Ayers Socure II"). MVB Financial Corp.'s consolidated subsidiaries also include SPE PR, LLC.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $175.3M | $185.8M | $189.8M | $126.0M | $83.4M | $80.5M | $82.4M | $69.8M | $2.3M | $2.1M |
| Total operating expenses | — | — | — | — | — | — | — | — | $85.0M | $84.0M |
| Interest expense | $107.4M | $109.2M | $123.3M | $111.8M | $6.3M | $11.6M | $23.0M | $17.7M | $12.3M | $11.1M |
| Pre-tax income | $36.9M | $26.3M | $27.3M | $15.0M | $47.5M | $46.9M | $35.0M | $15.4M | $12.3M | $13.4M |
| Income tax | $9.9M | $6.1M | $5.1M | $3.3M | $9.6M | $9.5M | $8.4M | $3.4M | $4.8M | $4.4M |
| Net income | $26.9K | $20.2K | $31.0K | $14.4K | $38.7K | $37.4M | $27.0M | $12.0M | $7.6M | $12.9M |
| EPS, basic | 2.11 | 1.56 | 2.46 | 1.23 | 3.32 | 3.13 | 2.26 | 1.04 | 0.69 | 1.44 |
| EPS, diluted | 2.06 | 1.53 | 2.40 | 1.17 | 3.10 | 3.06 | 2.20 | 1.00 | 0.68 | 1.31 |
| Shares, diluted (wtd. avg.) | $13.1M | $13.1M | $13.0M | $12.9M | $12.6M | $12.1M | $12.0M | $12.7M | $10.4M | $10.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $244.1M | $317.9M | $398.2M | $40.3M | $307.4M | $263.9M | $28.0M | $22.2M | $20.3M | $17.3M |
| Property, plant and equipment | — | — | — | — | — | — | $22.0M | $26.5M | $26.7M | $25.1M |
| Goodwill | $1.2M | $2.8M | $2.8M | $2.8M | $4.0M | $2.4M | $19.6M | $18.5M | $18.5M | $18.5M |
| Other intangibles | $0 | $262.0K | $352.0K | $1.6M | $2.3M | $2.4M | $3.5M | $550.0K | $646.0K | $744.0K |
| Total assets | $3.31B | $3.13B | $3.31B | $3.07B | $2.79B | $2.33B | $1.94B | $1.75B | $1.53B | $1.42B |
| Long-term debt | — | — | — | — | — | — | $227.0M | $232.4M | $185.7M | $124.4M |
| Total liabilities | $2.97B | $2.82B | $3.02B | $2.81B | $2.52B | $2.09B | $1.73B | $1.57B | $1.38B | $1.27B |
| Retained earnings | $190.4M | $172.2M | $160.9M | $144.9M | $138.2M | $105.2M | $72.5M | $48.3M | $37.2M | $31.2M |
| Total equity | $334.0M | $305.7M | $289.3M | $261.4M | $275.3M | $239.5M | $211.9M | $176.8M | $150.2M | $145.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.0M | -$285.0K | $58.2M | $7.4M | $34.8M | $112.2M | -$8.1M | $6.7M | $33.1M | $25.3M |
| Depreciation and amortisation | $2.6M | $3.9M | $5.0M | $5.3M | $4.2M | $3.3M | $3.3M | $2.9M | $2.7M | $3.4M |
| Stock-based compensation | $3.8M | $2.9M | $2.7M | $2.8M | $2.6M | $2.4M | $1.8M | $1.3M | $813.0K | $568.0K |
| Capital expenditure | $1.9M | $1.6M | $1.9M | $3.0M | $4.9M | $6.6M | $2.0M | $2.7M | $4.5M | $1.7M |
| Investing cash flow | -$208.6M | $144.5M | $88.2M | -$571.1M | -$572.0M | -$294.1M | -$120.1M | -$210.0M | -$136.1M | -$56.0M |
| Financing cash flow | $130.8M | -$224.5M | $211.5M | $296.6M | $580.7M | $417.8M | $133.9M | $205.2M | $105.9M | $18.9M |
| Dividends paid | $8.7M | $8.8M | $8.6M | $8.4M | $6.0M | $4.3M | $2.3M | $1.2M | $1.0M | $646.0K |
| Buybacks | $10.2M | $0 | $0 | $0 | $0 | $15.7M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001277902-26-000048.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |