MVB Financial Corp. Announces Third Quarter 2024 Results
MVB Financial Corp. (MVBF)
NASDAQ:AMEX Investor Relations:
ir.mvbbanking.com/corporateprofile
Company Research
Source: Business Wire
FAIRMONT, W.Va.--(BUSINESS WIRE)--MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. (“MVB Bank”), today announced financial results for the third quarter of 2024, with reported net income of $2.1 million, or $0.16 basic and diluted earnings per share.Third Quarter 2024 HighlightsPreviously disclosed digital asset program exit reduced EPS by $0.29 in third quarter and $0.37 year-to-date.Noninterest bearing deposits represent 33.0% of total deposits.On balance sheet payments-related deposits increased by 60.8% due to growth in existing relationships.Tangible book value per share of $23.20, up 2.2% from the prior quarter.Capital strength further enhanced.From Larry F. Mazza, Chief Executive Officer, MVB Financial:“MVB continues to be proactive, and we have adapted our growth strategy related to changing market conditions. To this end, we have simplified our number of strategic initiatives to five as we move into fourt
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MVBF
News
- MVB Financial Corp. (NASDAQ: MVBF) had its price target raised by analysts at Keefe, Bruyette & Woods from $24.00 to $26.00. They now have an "outperform" rating on the stock.MarketBeat
- MVB Financial (NASDAQ:MVBF) Has Affirmed Its Dividend Of $0.17 [Yahoo! Finance]Yahoo! Finance
- MVB Financial Corp. Declares Fourth Quarter 2024 DividendBusiness Wire
- MVB Names Risk Management Industry Leader Joe Rodriguez as Chief Risk Officer [Yahoo! Finance]Yahoo! Finance
- MVB Names Risk Management Industry Leader Joe Rodriguez as Chief Risk OfficerBusiness Wire
MVBF
Earnings
- 10/30/24 - Miss
MVBF
Sec Filings
- 12/18/24 - Form S-3
- 11/22/24 - Form 3
- 11/21/24 - Form 8-K
- MVBF's page on the SEC website