← 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
Total Revenue $86.2m $85.0m $38.6m $64.6m $160.7m $139.8m $150.1m $143.0m $152.1m $167.7m
Operating Expenses $84.0m $85.0m — — — — — — — —
Other operating expenses $1.5m $1.7m $1.8m $2.7m $5.1m $5.4m $9.9m $10.5m $8.2m $10.6m
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $638k $646k $1.2m $1.2m $888k $995k $975k $1.0m $1.2m $1.5m
Amortization of Intangible Assets — — — $297k $1.2m $684k $685k $192k $90k $8k
Debt and Equity Securities, Gain (Loss) — — ($25k) ($271k) ($34k) ($69k) — — — —
Equity Securities, FV-NI, Realized Gain (Loss) — $0 $0 ($7k) $3.5m $5k ($56k) ($269k) $103k $118k
Goodwill, Impairment Loss — $0 $0 $0 $0 $0 $0 $0 — —
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — — — — — — — — $36.9m
Income (Loss) from Continuing Operations, Per Basic Share $1 $1 $1 $2 $3 $3 $1.01 $2 $2 $2
Income (Loss) from Continuing Operations, Per Diluted Share $1 $1 $1 $2 $3 $3 $0.96 $2 $2 $2
Income (Loss) from Equity Method Investments — — — — $27.6m $17.4m ($713k) ($2.5m) $1.4m $8.2m
Preferred Stock Dividends, Income Statement Impact $1.1m $498k $489k $479k $461k $35k $0 $0 — —
Interest and fees on loans $50.0m $51.2m $62.5m $74.9m $73.0m $75.3m $116.6m $159.6m $153.6m $143.9m
Interest on deposits with banks $322k $340k $403k $489k $437k $506k $1.6m $21.0m $21.8m $16.3m
Interest on investment securities $1.4m $2.7m $3.6m $3.1m $2.4m $2.4m $3.5m $5.6m $7.7m $12.6m
Interest on tax-exempt loans and securities $2.4m $2.4m $3.3m $4.0m $4.6m $5.2m $4.2m $3.6m $2.7m $2.5m
Interest on deposits $7.7m $8.3m $11.6m $17.4m $10.3m $4.0m $10.5m $61.7m $73.1m $64.5m
Interest on short-term borrowings and repurchase agreements $72k $75k $56k $48k $1.1m $105k $443k $890k $46k $125k
Interest on subordinated debt $2.2m $2.2m $1.8m $770k $261k $2.2m $3.1m $3.2m $3.2m $3.3m
Interest on senior term loan $3.9m $0 $0 $427k $0 $0 $163k $766k $264k $0
NET INTEREST INCOME $43.0m $44.3m $52.1m $59.4m $68.8m $77.2m $111.8m $123.3m $109.2m $107.4m
Provision (release of allowance) for credit losses — — — — — ($6.3m) $14.2m ($1.9m) $3.5m $8.7m
Net interest income after provision (release of allowance) for credit losses $39.4m $42.1m $49.6m $57.6m $52.2m $83.4m $97.6m $125.2m $105.7m $98.7m
Payment card and service charge income $764k $765k $1.0m $1.4m $2.8m $7.5m $11.6m $13.8m $16.3m $17.9m
Insurance income $420k $563k $716k $727k $872k $1.0m $849k $335k $288k $330k
Gain (loss) on sale of available-for-sale securities, net — $731k $327k ($166k) $914k $3.9m $650k ($1.5m) $658k ($7.4m)
Gain (loss) on sale of equity securities, net — $0 $0 ($7k) $3.5m $5k ($56k) ($269k) $103k $118k
Gain (loss) on derivatives, net $1.5m ($2.7m) ($278k) $1.3m $2.3m $0 $0 ($659k) $60k ($466k)
Gain (loss) on sale of loans, net — — — $520k $332k $4.2m $1.7m ($744k) $1.0m ($149k)
Holding gain on equity securities $0 $0 $590k $13.8m $374k $3.8m ($1.5m) $146k $1.2m $3.7m
Compliance and consulting income — $0 $0 $921k $4.4m $9.6m $15.5m $4.3m $4.7m $584k
Equity method investments income (loss) — — $0 $0 $24.2m $17.4m ($713k) ($2.5m) $1.4m $8.2m
Gain (loss) on acquisition and divestiture activity — — — — — $10.8m $0 ($986k) $0 $34.9m
Gain (loss) on disposal of assets — — — — $14k $0 $5.0m $0 $11.7m ($404k)
Other operating income $934k $1.3m $1.3m $1.6m $1.3m $4.4m $3.4m $7.8m $5.5m $3.2m
Salaries and employee benefits $45.2m $44.1m $46.2m $56.2m $61.6m $60.2m $72.2m $63.4m $68.0m $71.0m
Equipment depreciation and maintenance $2.5m $3.0m $3.2m $3.6m $3.7m $4.6m $5.6m $5.6m $4.6m $3.3m
Data processing and communications $5.0m $5.1m $3.7m $4.0m $5.4m $4.4m $4.2m $4.9m $5.5m $5.4m
Professional fees $2.7m $3.1m $3.6m $5.0m $8.5m $10.8m $10.9m $18.3m $21.3m $15.1m
Travel, entertainment, dues and subscriptions $1.7m $2.2m $2.8m $4.2m $3.4m $5.1m $8.0m $6.8m $6.6m $3.0m
Income from continuing operations, before income taxes $13.4m $12.3m $15.4m $35.0m $46.9m $48.6m $18.5m $27.3m $26.3m $36.9m
Income taxes $4.4m $4.8m $3.4m $8.4m $9.5m $9.9m $4.1m $3.0m $0 $0
Net income from continuing operations $9.0m $7.6m $12.0m $26.6m $37.4m $38.7m $14.4m $22.2m $20.2m $26.9m
Income from discontinued operations, before income taxes $6.3m $0 $0 $575k $0 $0 $3.5m $11.8m $0 $0
Net income from discontinued operations $3.9m $0 $0 $427k $0 $0 $2.7m $8.8m $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $13.4m $12.3m $15.4m $35.0m $46.9m $48.6m $18.5m $27.3m $26.3m $36.9m
Gain (Loss) on Derivative Instruments, Net, Pretax $1.5m ($2.7m) ($278k) $1.3m $2.3m $0 $0 ($659k) $60k ($466k)
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 $22.2m $20.2m $26.9m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $9.0m $7.6m $12.0m $26.6m $37.4m $38.7m $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 $163k $766k $264k $0
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic $11.8m $7.1m $11.5m $26.1m $37.0m $39.1m $15.0m $22.4m $20.1m $26.9m
Total interest income $54.1m $56.6m $69.8m $82.4m $80.5m $83.4m $126.0m $189.8m $185.8m $175.3m
Total noninterest income $43.2m $40.7m $38.6m $64.6m $91.8m $62.6m $38.3m $19.7m $42.9m $60.3m
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) Attributable to Noncontrolling Interest — — — $0 $0 ($425k) ($660k) ($226k) $154k ($18k)
Earnings Per Share, Basic $1.44 $0.69 $1.04 $2.26 $3.13 $3.32 $1.23 $2.46 $1.56 $2.11
Earnings Per Share, Diluted $1.31 $0.68 $1.00 $2.20 $3.06 $3.10 $1.17 $2.40 $1.53 $2.06
Common Stock, Dividends, Per Share, Declared $0.08 $0.10 $0.11 $2.26 $3.13 $3.32 $1.23 $2.46 $1.56 $2.11
Earnings per share from continuing operations - basic (in dollars per share) $0.96 $0.69 $1.04 $2.22 $3.13 $3.32 $1.01 $1.77 $1.56 $2.11
Earnings per share from discontinued operations - basic (in dollars per share) $0.48 $0.00 $0.00 $0.04 $0.00 $0.00 $0.22 $0.69 $0.00 $0.00
Earnings per share from continuing operations - diluted (in dollars per share) $0.92 $0.68 $1.00 $2.16 $3.06 $3.10 $0.96 $1.72 $1.53 $2.06
Earnings per share from discontinued operations - diluted (in dollars per share) $0.39 $0.00 $0.00 $0.04 $0.00 $0.00 $0.21 $0.68 $0.00 $0.00
Weighted Average Number of Shares Outstanding, Basic 8.2m 10.3m 11.0m 11.7m 11.8m 11.8m 12.3m 12.7m 12.9m 12.8m
Weighted-average shares outstanding - basic (in shares) 8.2m 10.3m 11.0m 11.7m 11.8m 11.8m 12.3m 12.7m 12.9m 12.8m
Weighted-average shares outstanding - diluted (in shares) 10.1m 10.4m 12.7m 12.0m 12.1m 12.6m 12.9m 13.0m 13.1m 13.1m
Weighted Average Number of Shares Outstanding, Diluted 10.1m 10.4m 12.7m 12.0m 12.1m 12.6m 12.9m 13.0m 13.1m 13.1m
Noninterest expense:
Labor and Related Expense $45.2m $44.1m $46.2m $56.2m $61.6m $60.2m $72.2m $63.4m $68.0m $71.0m
Equipment Expense $2.5m $3.0m $3.2m $3.6m $3.7m $4.6m $5.6m $5.6m $4.6m $3.3m
Marketing and Advertising Expense $1.3m $1.2m $1.1m $1.3m $1.1m $525k — — — —
Business Combination, Acquisition Related Costs $0 $0 — — — — — — — —
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — — ($1.9m) $3.5m $8.7m
Occupancy expense $3.7m $4.1m $4.2m $4.8m $4.6m $4.3m $4.1m $3.7m $3.9m $5.1m
Software costs — — — — — — — $3.5m $3.6m $4.9m
Insurance, tax and assessment expense $1.5m $1.8m $1.8m $1.7m $2.1m $2.0m $2.6m $4.4m $4.2m $3.6m
Interest Expense $11.1m $12.3m $17.7m $23.0m $11.6m $6.3m $14.2m $66.5m $76.6m $67.9m
Interest Expense, Securities Sold under Agreements to Repurchase $72k $75k $56k $48k $1.1m $105k $443k $890k $46k $125k
Current Income Tax Expense (Benefit) $6.1m $3.4m $3.2m $12.6m $12.9m $3.8m $7.8m $8.0m $3.9m $10.3m
Interest Income (Expense), Net $43.0m $44.3m $52.1m $59.4m $68.8m $77.2m $111.8m $123.3m $109.2m $107.4m
Total interest expense $11.1m $12.3m $17.7m $23.0m $11.6m $6.3m $14.2m $66.5m $76.6m $67.9m
Total noninterest expense $69.2m $70.5m $72.9m $87.2m $97.1m $97.5m $117.4m $117.6m $122.2m $122.1m
Income Tax Expense (Benefit) $4.4m $4.8m $3.4m $8.4m $9.5m $9.9m $4.1m $5.1m $6.1m $9.9m

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