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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	147.93	156.34	163.2	120.82	80.52	77.57
Interest Income on Investments	27.37	29.51	26.62	5.13	2.91	2.89
Total Interest Income	175.3	185.84	189.82	125.96	83.43	80.45
Interest Paid on Deposits	68.01	73.11	61.66	10.48	3.98	10.29
Interest Paid on Borrowings	3.34	3.54	4.88	3.68	2.29	1.33
Total Interest Expense	71.35	76.64	66.54	14.15	6.27	11.63
Net Interest Income	103.95	109.2	123.28	111.8	77.16	68.83
Net Interest Income Growth (YoY)	-12.42%	-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	0.75	1.95	-1.66	0.93	7.66	4.79
Gain (Loss) on Sale of Equity Investments	5.03	1.42	-2.5	-0.71	17.43	24.17
Other Non-Interest Income	24.21	26.81	25.6	20.72	15.81	11.46
Total Non-Interest Income	42.89	42.91	20.7	27.57	45.07	74.2
Non-Interest Income Growth (YoY)	63.76%	107.30%	-24.90%	-38.84%	-39.26%	14.85%
Revenues Before Loan Losses	146.84	152.11	143.98	139.37	122.23	143.02
Provision for Loan Losses	3.46	3.54	-1.92	14.19	-6.28	16.58
Revenue	143.38	148.57	145.91	125.17	128.5	126.44
Revenue Growth (YoY)	-1.04%	1.83%	16.56%	-2.59%	1.63%	3.46%
Salaries and Employee Benefits	64.39	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	42.27	45.26	42.7	39.46	34.93	27.84
Other Non-Interest Expense	9.49	8.17	10.51	8.77	5.09	7.93
Total Non-Interest Expense	120.38	122.23	117.63	110.15	91.81	97.14
EBT Excluding Unusual Items	23	26.34	28.28	15.03	36.7	29.3
Other Unusual Items	-	-	-0.99	-	10.78	17.64
Pretax Income	23	26.34	27.29	15.03	47.48	46.94
Income Tax Expense	5.85	6.1	5.07	3.29	9.64	9.53
Earnings From Continuing Operations	17.16	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	-0.15	0.23	0.66	0.43	-
Net Income	17	20.09	31.23	15.05	39.12	37.41
Preferred Dividends & Other Adjustments	-	-	-	-	0.04	0.46
Net Income to Common	17	20.09	31.23	15.05	39.09	36.95
Net Income Growth	-16.78%	-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)	1.04%	1.07%	0.98%	2.04%	4.35%	0.36%
EPS (Basic)	1.31	1.56	2.46	1.23	3.32	3.13
EPS (Diluted)	1.29	1.53	2.40	1.17	3.10	3.06
EPS Growth	-17.29%	-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	25.42%	23.15%	18.58%	21.92%	20.31%	20.30%

Updated May 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q