MVB Financial 7/29/2024 Earnings Report

MVB Financial EPS Results

• Actual EPS: $0.31
• Consensus EPS: $0.40
• Beat/Miss: Missed by -$0.09
• One Year Ago EPS: N/A

MVB Financial Revenue Results

• Actual Revenue: $53.27 million
• Expected Revenue: $38.20 million
• Beat/Miss: Beat by +$15.07 million
• YoY Revenue Growth: N/A

MVB Financial Announcement Details

• Date: 7/29/2024
• Time: After Market Closes

MVB Financial (NASDAQ:MVBF) operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit. The company also provides debit cards; cashier's checks; safe deposit rental facilities; and non-deposit investment services, as well as financial technology (Fintech) banking services. In addition, it offers fintech solutions for the gaming, payments, banking-as-a-service, and digital asset sectors; fraud prevention services for merchants, credit agencies, Fintech companies, and other vendors; and digital products and web and mobile applications for forward-thinking community banks, credit unions, digital banks, and Fintech companies. It operates full-service branches in West Virginia and Virginia. MVB Financial Corp. was founded in 1997 and is based in Fairmont, West Virginia.