← MVB FINANCIAL CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $14.4m $31.0m $20.2m $26.9m
Net Income (Loss) Attributable to Parent $12.9m $7.6m $12.0m $27.0m $37.4m $39.1m $15.0m $31.2m $20.1m $26.9m
Net Income (Loss) Available to Common Stockholders, Basic $11.8m $7.1m $11.5m $26.5m $37.0m $39.1m $15.0m $31.2m $20.1m $26.9m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — $38.7m $14.4m $31.0m $20.2m $26.9m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $9.0m $7.6m $12.0m $26.6m $37.4m $38.7m $14.4m — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — $14.4m $22.2m $20.2m $26.9m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — $8.8m $0 $0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $3.9m $0 $0 $427k $0 $0 — — — —
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — ($425k) ($660k) ($226k) $154k ($18k)
Depreciation, Depletion and Amortization $3.4m $2.7m $2.9m $3.3m $3.3m $4.2m $5.3m $5.0m $3.9m $2.6m
Amortization of Intangible Assets — — — $297k $1.2m $684k $685k $192k $90k $8k
Depreciation $2.0m $2.6m $2.8m $3.0m $3.0m $3.3m $4.4m $4.6m $3.8m $2.6m
Amortization Of Securities — — — — — — $2.6m $2.1m $1.9m $196k
Depreciation Amortization Depletion — — — — — — $5.3m $5.0m $3.9m $2.6m
Deferred Income Tax Expense (Benefit) $707k $1.3m $139k ($4.0m) ($3.4m) $6.1m ($3.6m) $97k $2.2m ($390k)
Deferred Income Tax — — — — — — ($3.6m) $97k $2.2m ($390k)
Deferred Tax — — — — — — ($3.6m) $97k $2.2m ($390k)
Share-based Payment Arrangement, Noncash Expense $568k $813k $1.3m $1.8m $2.4m $2.6m $2.8m $2.7m $2.9m $3.8m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — $249k $670k $846k $443k $458k
Share-based Payment Arrangement, Expense — — $1.3m $1.8m $2.4m $2.6m $2.8m $2.7m $2.9m $3.8m
Goodwill, Impairment Loss — $0 $0 $0 $0 $0 $0 $0 — —
Impairment of Intangible Assets, Finite-lived — — — $0 $0 $0 $0 $0 $0 $0
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — — $1.9m $0 $0 —
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — — ($1.9m) $3.5m $8.7m
Gain (Loss) on Disposition of Assets — — — — $17.6m $10.8m — — — —
Gain (Loss) on Disposition of Business — — — — — — — — — $34.9m
Gain (Loss) on Disposition of Other Assets — — — — — $1.4m $47k $170k ($160k) ($179k)
Income (Loss) from Equity Method Investments — — — — $27.6m $17.4m ($713k) ($2.5m) $1.4m $8.2m
Income Tax Expense (Benefit) $4.4m $4.8m $3.4m $8.4m $9.5m $9.9m $4.1m $5.1m $6.1m $9.9m
Earnings (Loss)es From Equity Investments — — — — — — $9.0m $3.2m ($553k) ($8.2m)
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions — — — — $24 $17 ($1) ($2) $1 $8
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets — — — — $27.3m $1.5m $2.4m $6.9m $22.0m ($767k)
Provision for Loan, Lease, and Other Losses $3.6m $2.2m $2.4m $1.8m — — — — — —
Bank Owned Life Insurance Income $638k $646k $1.2m $1.2m $888k $995k $975k $1.0m $1.2m $1.5m
Increase (Decrease) in Other Operating Liabilities — — — — — — ($12.4m) $1.7m $267k $214k
Gain (Loss) on Sales of Loans, Net $1.0m $538k $198k $520k $332k $4.2m $1.7m ($744k) $1.0m ($149k)
Proceeds from Stock Options Exercised $32k ($10k) $2.1m $2.2m $4.5m $4.9m $2.1m $637k $1.5m $2.3m
Parent Company $646k $1.0m $1.2m $2.3m $4.3m $6.0m $8.4m $8.6m $8.8m $8.7m
Debt and Equity Securities, Gain (Loss) — — ($25k) ($271k) ($34k) ($69k) — — — —
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — — — $650k ($1.5m) $658k ($7.4m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — — — — — $600k
Equipment Expense $2.5m $3.0m $3.2m $3.6m $3.7m $4.6m $5.6m $5.6m $4.6m $3.3m
Equity Securities, FV-NI, Realized Gain (Loss) — — — ($7k) $3.5m $5k ($56k) ($269k) $103k $118k
Equity Securities, FV-NI, Unrealized Gain (Loss) — — $590k $13.8m $374k $3.8m ($1.5m) $146k $1.2m $8.0m
Goodwill $18.5m $18.5m $18.5m $19.6m $2.4m $4.0m $4.0m $2.8m $2.8m $1.2m
Operating Expenses $84.0m $85.0m — — — — — — — —
Pension Cost (Reversal of Cost) $273k $256k $286k $256k $300k $300k $300k ($100k) — —
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $16.5m ($6.9m) $14.2m — — —
Unrealized Gain (Loss) on Investments — — — — — ($9.6m) $47.5m ($11.8m) ($2.4m) $18.8m
Beginning Cash Position — — — — — — $307.4m $40.3m $398.2m $317.9m
Cash Flow From Continuing Financing Activities — — — — — — $296.6m $211.5m ($224.5m) $130.8m
Cash Flow From Continuing Investing Activities — — — — — — ($571.1m) $88.2m $144.5m ($208.6m)
Change In Other Current Assets — — — — — — ($2.4m) ($6.2m) ($21.6m) $767k
Change In Other Current Liabilities — — — — — — ($12.4m) $1.7m $267k $214k
Change In Working Capital — — — — — — ($14.9m) ($4.5m) ($21.4m) $981k
Changes In Cash — — — — — — ($267.2m) $357.9m ($80.3m) ($73.8m)
End Cash Position — — — — — — $40.3m $398.2m $317.9m $244.1m
Financing Cash Flow — — — — — — $296.6m $211.5m ($224.5m) $130.8m
Free Cash Flow — — — — — — $4.3m $56.3m ($1.9m) $2.1m
Gain Loss On Investment Securities — — — — — — $949k $1.7m ($1.9m) $3.7m
Gain Loss On Sale Of Business — — — — — $0 $0 ($11.8m) — —
Investing Cash Flow — — — — — — ($571.1m) $88.2m $144.5m ($208.6m)
Issuance Of Capital Stock — — — — — $500k $0 $0 — —
Net Business Purchase And Sale — — — — — — $0 ($8k) $0 $45.7m
Net PPE Purchase And Sale — — — — — — ($3.0m) ($1.5m) ($1.6m) ($1.7m)
Net Preferred Stock Issuance — — — — — ($7.3m) $0 $0 — —
Operating Gains Losses — — — — — — $6.4m $5.6m ($15.2m) ($4.3m)
Other Non Cash Items — — — — — — ($22.8m) $16.9m ($151k) ($36.0m)
Preferred Stock Payments — — — — — ($7.3m) $0 $0 — —
Proceeds From Stock Option Exercised — — — — — — $1.4m ($209k) $1.0m $1.8m
Purchase Of Business — — — — — ($96.3m) $0 ($8k) $0 —
Purchase Of PPE $1.7m $4.5m $2.7m $2.0m $6.6m $4.9m ($3.0m) ($1.9m) ($1.6m) ($1.9m)
Repurchase Of Capital Stock — — — — — — $0 $0 $0 ($10.2m)
Sale Of PPE — — — — — — $49k $425k $0 $214k
Stock Based Compensation — — — — — — $3.2m $2.7m $2.9m $3.8m
Derivative, Gain (Loss) on Derivative, Net — — — — — — — ($6.1m) $6.0m ($889k)
Gain (Loss) on Derivative Instruments, Net, Pretax $1.5m ($2.7m) ($278k) $1.3m $2.3m $0 $0 ($659k) $60k ($466k)
Net Cash Provided by (Used in) Operating Activities $25.3m $33.1m $6.7m ($8.1m) $112.2m $34.8m $65.2m $58.2m ($285k) $4.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.7m $4.5m $2.7m $2.0m $6.6m $4.9m $3.0m $1.9m $1.6m $1.9m
Payments to Acquire Businesses, Net of Cash Acquired — — — $2.7m ($57.3m) $772k $0 $0 — —
Net Investment Purchase And Sale — — — — — — ($49.5m) $39.1m ($72.2m) $6.3m
Purchase Of Investment — — — — — — ($132.5m) ($92.6m) ($114.1m) ($217.0m)
Sale Of Investment — — — — — — $83.0m $131.7m $41.8m $223.3m
Net Other Investing Changes — — — — — — ($6.7m) ($3.4m) $17.5m ($7.9m)
Net Cash Provided by (Used in) Investing Activities — — — ($120.1m) ($294.1m) ($572.0m) ($629.0m) $88.2m $144.5m ($208.6m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $17.8m $19.0m $25.7m $33.6m $64.5m $49.2m $21.0m $76.6m $17.4m $126.9m
Issuance Of Debt — — — — — $30.0m $112.3m $0 $0 —
Long Term Debt Issuance — — — — — $30.0m $112.3m $0 $0 —
Net Issuance Payments Of Debt — — — — — — $112.1m ($105.4m) ($6.8m) $0
Net Long Term Debt Issuance — — — — — — $112.1m ($105.4m) ($6.8m) $0
Long Term Debt Payments — — — — — — ($248k) ($105.4m) ($6.8m) $0
Repayment Of Debt — — — — — — ($248k) ($105.4m) ($6.8m) $0
Common Stock Issuance — — — — — $500k $0 $0 — —
Net Common Stock Issuance — — — — — — $0 $0 $0 ($10.2m)
Payments for Repurchase of Common Stock — — — — $15.7m $0 $0 — — $10.2m
Payments of Ordinary Dividends, Common Stock $1 $1 $1 $2 $4 $6 $8 $9 $9 $9
Common Stock Payments — — — — — — $0 $0 $0 ($10.2m)
Proceeds from Noncontrolling Interests — — — — — $500k $0 $0 — —
Cash Dividends Paid — — — — — — ($8.4m) ($8.6m) ($8.8m) ($8.7m)
Common Stock Dividend Paid — — — — — — ($8.4m) ($8.6m) ($8.8m) ($8.7m)
Preferred Stock Dividend Paid — — — — — ($35k) $0 $0 — —
Net Other Financing Charges — — — — — ($552k) ($41k) ($100k) — —
Net Cash Provided by (Used in) Financing Activities — — — $133.9m $417.8m $580.7m $296.6m $211.5m ($224.5m) $130.8m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $5.8m $235.9m $43.5m ($267.2m) $357.9m ($80.3m) ($73.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $28.0m $263.9m $307.4m $40.3m $398.2m $317.9m $244.1m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($267.2m) $357.9m ($80.3m) ($73.8m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $17.3m $23.0m $12.3m $6.2m $12.3m $66.7m $73.2m $71.5m
Income Taxes Paid, Net — — $191k $4.0m $12.0m $12.0m $2.3m $13.1m $924k $17.5m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.