MVB Financial (MVBF)
Market Price (11/6/2026): $25.65 | Market Cap: $333.5 MilSector: Financials | Industry: Regional Banks
MVB Financial (MVBF)
Market Price (11/6/2026): $25.65Market Cap: $333.5 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -115% Low stock price volatilityVol 12M is 30% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. | Weak multi-year price returns3Y Excs Rtn is -41% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -22% Key risksMVBF key risks include [1] a high dependence on the economic conditions in West Virginia and Virginia. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -115% |
| Low stock price volatilityVol 12M is 30% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Weak multi-year price returns3Y Excs Rtn is -41% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -22% |
| Key risksMVBF key risks include [1] a high dependence on the economic conditions in West Virginia and Virginia. |
Qualitative Assessment
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MVB Financial (MVBF) stock has lost about 15% since 7/31/2026 because of the following key factors:
1. MVB Financial (MVBF) reported a significant earnings miss in fiscal Q3 2026, with diluted earnings per share (EPS) of $0.03, falling substantially short of analyst consensus estimates ranging from $0.41 to $0.43 per share. This underperformance was primarily driven by a sharp increase in the provision for credit losses to $9.9 million, more than double the $4.7 million recorded in the prior quarter. This elevated provision largely reflected increased specific reserves tied to an acquisition-and-development land loan and other credits, including exposures in the company's SBA portfolio.
2. The company experienced a deterioration in asset quality during fiscal Q3 2026, marked by a notable rise in nonperforming loans. Total nonperforming loans increased to $46.8 million, representing 1.9% of total loans, as of September 30, 2026. This compares to $29.2 million, or 1.2% of total loans, as of June 30, 2026. A significant portion of this $17.6 million increase, specifically $13.1 million, was attributed to a single land loan.
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MVB Financial (MVBF) stock has lost about 15% since 7/31/2026 because of the following key factors:
1. MVB Financial (MVBF) reported a significant earnings miss in fiscal Q3 2026, with diluted earnings per share (EPS) of $0.03, falling substantially short of analyst consensus estimates ranging from $0.41 to $0.43 per share. This underperformance was primarily driven by a sharp increase in the provision for credit losses to $9.9 million, more than double the $4.7 million recorded in the prior quarter. This elevated provision largely reflected increased specific reserves tied to an acquisition-and-development land loan and other credits, including exposures in the company's SBA portfolio.
2. The company experienced a deterioration in asset quality during fiscal Q3 2026, marked by a notable rise in nonperforming loans. Total nonperforming loans increased to $46.8 million, representing 1.9% of total loans, as of September 30, 2026. This compares to $29.2 million, or 1.2% of total loans, as of June 30, 2026. A significant portion of this $17.6 million increase, specifically $13.1 million, was attributed to a single land loan.
3. Noninterest income declined sharply in fiscal Q3 2026 due to the absence of a one-time gain from the prior quarter and seasonal factors. Total noninterest income decreased by $11.0 million, or 58.3%, to $7.8 million, compared to $18.8 million in fiscal Q2 2026. This substantial drop was largely because the previous quarter included a $10.0 million pre-tax gain from a Fintech investment. Additionally, payment card and service charge income saw a 12.8% quarter-over-quarter decline, primarily reflecting normal seasonality in the gaming business.
4. MVB Financial's capital ratios and tangible book value per share decreased during fiscal Q3 2026. The Community Bank Leverage Ratio fell to 9.7% from 10.3% in the prior quarter, the Tier 1 Risk-Based Capital Ratio decreased to 11.3% from 12.2%, and the Total Risk-Based Capital Ratio dropped to 12.6% from 13.2%. Concurrently, tangible book value per common share declined to $25.26 as of September 30, 2026, from $26.52 as of June 30, 2026, primarily reflecting an increase in accumulated other comprehensive loss from $18.0 million to $32.6 million.
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Stock Movement Drivers
Fundamental Drivers
The -16.1% change in MVBF stock from 7/31/2026 to 11/5/2026 was primarily driven by a -38.1% change in the company's Net Income Margin (%).| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.48 | 25.57 | -16.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 127 | 158 | 25.1% |
| Net Income Margin (%) | 22.6% | 13.9% | -38.1% |
| P/E Multiple | 13.7 | 15.0 | 9.9% |
| Shares Outstanding (Mil) | 13 | 13 | -1.4% |
| Cumulative Contribution | -16.1% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MVBF | -16.1% | |
| Market (SPY) | -1.9% | 27.5% |
| Sector (XLF) | 1.0% | 36.4% |
Fundamental Drivers
The -1.0% change in MVBF stock from 4/30/2026 to 11/5/2026 was primarily driven by a -35.5% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.82 | 25.57 | -1.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 125 | 158 | 27.1% |
| Net Income Margin (%) | 21.6% | 13.9% | -35.5% |
| P/E Multiple | 12.1 | 15.0 | 24.1% |
| Shares Outstanding (Mil) | 13 | 13 | -2.7% |
| Cumulative Contribution | -1.0% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MVBF | -1.0% | |
| Market (SPY) | 2.3% | 13.0% |
| Sector (XLF) | 10.7% | 34.4% |
Fundamental Drivers
The 2.4% change in MVBF stock from 10/31/2025 to 11/5/2026 was primarily driven by a 15.4% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.96 | 25.57 | 2.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 141 | 158 | 12.0% |
| Net Income Margin (%) | 12.1% | 13.9% | 15.4% |
| P/E Multiple | 18.9 | 15.0 | -20.4% |
| Shares Outstanding (Mil) | 13 | 13 | -0.5% |
| Cumulative Contribution | 2.4% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MVBF | 2.4% | |
| Market (SPY) | 8.4% | 21.1% |
| Sector (XLF) | 11.1% | 39.3% |
Fundamental Drivers
The 42.5% change in MVBF stock from 10/31/2023 to 11/5/2026 was primarily driven by a 89.2% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.94 | 25.57 | 42.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 147 | 158 | 8.0% |
| Net Income Margin (%) | 19.6% | 13.9% | -28.7% |
| P/E Multiple | 7.9 | 15.0 | 89.2% |
| Shares Outstanding (Mil) | 13 | 13 | -2.2% |
| Cumulative Contribution | 42.5% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MVBF | 42.5% | |
| Market (SPY) | 81.3% | 33.7% |
| Sector (XLF) | 85.5% | 48.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MVBF Return | 85% | -46% | 6% | -5% | 29% | 1% | 31% |
| Peers Return | 149% | -25% | 30% | 31% | 28% | -8% | 277% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| MVBF Win Rate | 50% | 17% | 50% | 42% | 58% | 55% | |
| Peers Win Rate | 78% | 27% | 57% | 57% | 57% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| MVBF Max Drawdown | -14% | -49% | -39% | -25% | -23% | -20% | |
| Peers Max Drawdown | -19% | -49% | -41% | -29% | -26% | -35% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TBBK, CASH, CCB, MCB, CUBI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)
How Low Can It Go
| Event | MVBF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -18.6% | -18.8% |
| % Gain to Breakeven | 22.8% | 23.1% |
| Time to Breakeven | 41 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.6% | -9.5% |
| % Gain to Breakeven | 26.0% | 10.5% |
| Time to Breakeven | 256 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.7% | -6.7% |
| % Gain to Breakeven | 44.2% | 7.1% |
| Time to Breakeven | 84 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.4% | -33.7% |
| % Gain to Breakeven | 114.5% | 50.9% |
| Time to Breakeven | 239 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -12.2% | -19.2% |
| % Gain to Breakeven | 14.0% | 23.8% |
| Time to Breakeven | 266 days | 105 days |
In The Past
MVB Financial's stock fell -18.6% during the 2025 US Tariff Shock. Such a loss loss requires a 22.8% gain to breakeven.
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Asset Allocation
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| Event | MVBF | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.6% | -9.5% |
| % Gain to Breakeven | 26.0% | 10.5% |
| Time to Breakeven | 256 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.7% | -6.7% |
| % Gain to Breakeven | 44.2% | 7.1% |
| Time to Breakeven | 84 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.4% | -33.7% |
| % Gain to Breakeven | 114.5% | 50.9% |
| Time to Breakeven | 239 days | 140 days |
In The Past
MVB Financial's stock fell -18.6% during the 2025 US Tariff Shock. Such a loss loss requires a 22.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About MVB Financial (MVBF)
MVB Financial Corp. (MVBF) is a financial services company primarily serving individuals and corporate clients. Operating through its CoRe Banking and Mortgage Banking segments, the company provides a comprehensive suite of traditional banking products and services. These include various demand deposit, savings, money market, and certificate of deposit accounts, alongside commercial, consumer, and real estate mortgage loans, as well as lines of credit. Its traditional branch network is concentrated in the Mid-Atlantic region, specifically in West Virginia and Virginia.
Beyond its conventional banking operations, MVB Financial has a substantial and growing focus on financial technology (Fintech). The company offers specialized Fintech banking services and provides a range of integrated solutions for the broader financial industry. This includes regulatory compliance, state licensing, financial crimes prevention, and enterprise risk management services. MVBF also develops fraud prevention services for merchants, credit agencies, and other Fintech companies, and offers consulting for the development of online and mobile banking platforms and digital products, complemented by software development. This strategic diversification allows MVBF to serve both local communities and a wider, often international, client base within the Fintech ecosystem.
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It's a regional bank that also serves as a crucial backend partner for Fintech companies, providing them with essential banking, compliance, and fraud services, similar to how Stripe enables online businesses with payment infrastructure.
Think of it as a regional bank that also acts as the 'AWS for Fintechs,' offering specialized banking services, regulatory compliance, and software development as crucial infrastructure for financial technology companies.
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- Deposit Accounts: Offers various demand deposit, savings, money market, and certificates of deposit accounts.
- Lending Services: Provides commercial, consumer, real estate mortgage loans, and lines of credit.
- General Banking Services: Includes debit cards, cashier's checks, and safe deposit rental facilities.
- Non-Deposit Investment Services: Offers investment services not tied to traditional deposit accounts.
- Fintech Banking Services: Provides specialized banking solutions tailored for financial technology companies.
- Title Insurance: Offers insurance policies related to property titles.
- Regulatory Compliance & Risk Management Services: Delivers consulting, outsourcing, testing, and training for compliance, licensing, financial crimes prevention, and enterprise risk management.
- Fraud Prevention Services: Provides a customizable suite of services to prevent fraud for merchants, credit agencies, and Fintech companies.
- Digital Banking & Software Development: Offers consulting for online and mobile banking platforms and develops software, often for Fintech clients.
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MVB Financial (MVBF) serves a diverse customer base, making it difficult to definitively categorize them as selling primarily to individuals or primarily to other companies. However, the company description provides enough detail to identify distinct customer categories across both segments, particularly highlighting their specialized B2B services.
Based on the company's description, MVB Financial serves the following major customer categories:
- Individuals and Households: These customers utilize MVB Financial for traditional retail banking services, including various deposit accounts (demand deposit, savings, money market, certificates of deposit), consumer loans, real estate mortgage loans, lines of credit, debit cards, cashier's checks, and safe deposit rental facilities. These services primarily cater to residents within MVB's Mid-Atlantic branch locations in West Virginia and Virginia.
- Small and Medium-sized Businesses (SMBs) and General Corporate Clients: This category encompasses businesses requiring traditional commercial banking services such as commercial loans, lines of credit, and business-oriented deposit accounts. These clients also benefit from services like title insurance and other general financial offerings suitable for corporate operations, typically within or around MVB's geographic footprint.
- Fintech Companies, Merchants, Credit Agencies, and Other Vendors: This represents a specialized and significant business-to-business (B2B) segment. MVB Financial provides these clients with a range of advanced services, including financial technology (Fintech) banking services, customizable fraud prevention services, consulting for the development of online and mobile banking platforms and digital products, and software development. Additionally, this category includes organizations seeking integrated regulatory compliance, state licensing, financial crimes prevention, and enterprise risk management solutions. These clients extend beyond the regional Mid-Atlantic, often operating nationally and internationally.
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Fiserv, Inc. (symbol: FISV)
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Larry F. Mazza, President and Chief Executive Officer
Larry F. Mazza joined MVB in 2005 and became CEO in 2009. He also reassumed the role of President in July 2025. Under his leadership, MVB has grown significantly, transforming from a community bank to a NASDAQ-listed and Russell 2000 company with a strong focus on Fintech. Mr. Mazza began his career as a Certified Public Accountant with KPMG. Prior to joining MVB, he spent 20 years at BB&T (now Truist Bank) and its predecessors, serving as Senior Vice President & Retail Banking Manager for BB&T Bank's West Virginia North region, and previously as President of Empire National Bank and Regional President of One Valley Bank. Demonstrating an entrepreneurial mindset, he was also a co-owner and business partner for two decades of Football Talk, LLC, which operated the nationally recognized website ProFootballTalk.com, a key content provider for NBC Sports. He has served on the boards of public companies, including PDC Energy from 2007 to 2019, which was acquired by Chevron Corporation in 2023. He also served on the Board of Kraken Financial from 2020 to 2023 and currently serves on the Board of Directors for BillGO, a Fintech company.
Michael R. Sumbs, Executive Vice President, Chief Financial Officer
Michael R. Sumbs was appointed Executive Vice President and Chief Financial Officer of MVB Financial Corp. and MVB Bank, effective July 14, 2025. He brings over 15 years of experience in strategic finance and investment banking. Before joining MVB, Mr. Sumbs worked at Raymond James & Associates, Inc. since 2017, most recently as a Director in their financial services practice, leading strategic advisory mandates for banks and financial services firms. He previously served as an Investment Banking Associate at Macquarie Capital, focusing on advisory and transaction execution for banks and financial technology companies. From 2012 to 2015, Mr. Sumbs was a Strategy and Corporate Development officer at Yadkin Financial, where he supported the company through three successful whole-bank acquisitions and a public follow-on equity offering. He began his career in 2008 at Keefe, Bruyette and Woods (KBW), advising depository institutions.
Michael L. Giorgio, Executive Vice President, Chief Information Officer
Michael L. Giorgio serves as Executive Vice President, Chief Information Officer for MVB Financial Corp. and MVB Bank, and is also President of Victor, Edge Ventures, and MVB Technologies. He joined MVB in 2023, bringing over 20 years of leadership experience in operations, lending, risk, information/cyber security, and technology within retail/commercial banking and Fintech organizations. Prior to MVB, Mr. Giorgio served as Chief Executive Officer of Kraken Bank (SPDI) and Chairman & CEO of SMC Blockchain Labs. His earlier experience includes roles as Senior Vice President and Chief Technology Officer at Metropolitan Commercial Bank and Laurel Road. Mr. Giorgio holds an MBA from Quinnipiac University and a B.S. in Computer Science from St. John's University.
C. Brad Greathouse, Executive Vice President, Chief Administrative Officer
C. Brad Greathouse is the Executive Vice President, Chief Administrative Officer for MVB Financial Corp. and MVB Bank. He joined MVB Financial Corp. in 2018 as Senior Vice President of Human Resources and was subsequently promoted to his current role. Mr. Greathouse possesses nearly 30 years of progressive leadership experience. Previously, he held the position of Vice President of Human Relations for Mylan's North America leadership team. He earned a bachelor's degree in Business Administration from West Virginia University and a master's degree in Human Resource Management from the University of South Carolina.
Jeremy Kuiper, Executive Vice President, Fintech President
Jeremy Kuiper joined MVB as Executive Vice President, Fintech President in June 2024, bringing 25 years of payments industry experience at the executive and board level. In this role, he is responsible for leading, developing, and growing MVB's Fintech Banking Team, which encompasses all payment activities, including issuing, acquiring, gaming, and payment/money movement products and services. Prior to MVB, Mr. Kuiper served as Executive Vice President, Enterprise Development at Pathward (since 2019). From 2007, he held various positions at The Bancorp, including Executive Vice President and Managing Director of its Payment Solutions division, where he oversaw all domestic and international payments business. He has also held senior leadership positions with BankFirst and United Credit National Bank, and served as the Chairman of the Network Branded Prepaid Card Association (now the Innovative Payments Association).
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Key Risks to MVB Financial (MVBF)
MVB Financial, which provides traditional banking services alongside a significant focus on financial technology (Fintech) banking, faces several key risks inherent to its business model and the broader financial industry.
- Regulatory and Compliance Risk, particularly concerning FinTech Partnerships: MVB Financial's strategic emphasis on Fintech and Banking-as-a-Service (BaaS) exposes it to considerable regulatory scrutiny and potential litigation. The company is ultimately liable for the compliance failures of its FinTech partners. The evolving regulatory landscape, including new rules related to data privacy and fair lending in the digital space, could necessitate the termination of partnerships or significantly increase compliance overhead for MVB Financial's FinTech segment. Heightened scrutiny on regional banks following 2023 failures also translates to higher compliance costs and deeper stress tests for MVBF.
- Interest Rate Risk and Economic Conditions: As a financial institution, MVB Financial is significantly exposed to fluctuations in interest rates and broader economic conditions. Persistent interest rate pressure, with the Federal Funds Rate at restrictive levels, can compress the bank's Net Interest Margin (NIM), impacting profitability. The cost of funds for MVB has risen, and there has been a shift away from noninterest-bearing deposits, increasing the overall cost of the bank's funding. Economic downturns can also lead to increased operational failures, liquidity constraints, and deterioration of credit quality.
- Cybersecurity Risk: Given MVB Financial's deep involvement in Fintech and its utilization of AI for fraud detection, cybersecurity presents a major risk. The increasing sophistication of cyberattacks necessitates substantial capital expenditure for cybersecurity measures. Operating high-profile FinTech and Gaming BaaS platforms significantly elevates the company's cybersecurity risk profile, requiring continuous threat monitoring and rigorous third-party vendor oversight.
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The increasing trend of successful financial technology (Fintech) companies obtaining their own bank charters or expanding their operations to directly offer regulated banking services. This development could diminish the need for Fintechs to rely on intermediary banks like MVB Financial for their core banking infrastructure, thereby threatening MVB Financial's 'Fintech banking services' segment, which serves these companies.
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MVB Financial Corp. (MVBF) operates in several key financial services markets, primarily within the United States. The addressable market sizes for its main products and services are outlined below:
- Fintech Banking Services: The U.S. fintech market size is anticipated to be valued at approximately USD 95.2 billion in 2025 and is projected to grow to about USD 248.5 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 14.7% during this forecast period. This market focuses on digital banking, payments, and various technology-driven financial services.
- Mortgage Banking (Real Estate Mortgage Loans): The total single-family mortgage origination volume in the United States is expected to reach USD 2.2 trillion in 2026, an increase from USD 2.0 trillion in 2025. This figure represents the overall volume of new mortgages originated in the U.S.
-
CoRe Banking (Retail and Commercial Banking):
- Retail Banking: The U.S. retail banking market generated approximately USD 1.28 trillion in revenue in 2025. This market is forecast to increase by USD 92.1 billion with a CAGR of 4.2% between 2024 and 2029.
- Commercial Banking: The U.S. commercial banking market size was approximately USD 732.5 billion in 2025 and is projected to reach USD 915.45 billion by 2030, with a CAGR of 4.56%. Another estimate places the U.S. commercial banking market size at USD 1.6 trillion in 2026.
- Title Insurance: The market size for Title Insurance in the U.S. was approximately USD 16.8 billion in 2024 and is estimated to be USD 17.1 billion in 2025.
- Integrated Regulatory Compliance, Financial Crimes Prevention, and Enterprise Risk Management Services: The United States governance, risk, and compliance (GRC) platform market size reached approximately USD 24.6 billion in 2024. This market is expected to grow to USD 53.9 billion by 2033, with an estimated CAGR of 8.65% from 2025 to 2033.
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MVB Financial (NASDAQ: MVBF) is expected to drive future revenue growth over the next two to three years through several key strategies:
- Expansion in Fintech and Gaming Banking: MVB Financial is strategically concentrating its expansion efforts on the high-growth Fintech and Gaming sectors. This includes developing Banking-as-a-Service (BaaS) and embedded finance solutions, payments processing, and iGaming programs across the United States. This specialized focus is aimed at increasing deposit growth and generating fee income.
- Robust Loan Growth: The company anticipates continued strong loan growth, particularly in its commercial loan portfolio, which is expected to bolster net interest income. MVB Financial reported vigorous loan pipelines and an 11.6% year-over-year loan growth in 2025.
- Growth in Core Fee Income: MVB Financial is experiencing momentum in its core fee income categories. Specifically, payment card and service charge income have shown increases, and plans are in place to broaden treasury services, targeting financial and emerging technology companies to further boost fee income and core deposits.
- Net Interest Income and Margin Expansion: The company has observed favorable trends in net interest income, with an expanding net interest margin. This expansion is expected to continue contributing positively to profitability and overall revenue growth in the coming years.
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Share Repurchases
- MVB Financial authorized a new stock repurchase program of up to $10 million in October 2025, which commenced in November 2025.
- In May 2025, MVB Financial previously authorized and subsequently completed a $10 million stock repurchase program.
- During 2025, the company repurchased a total of 479,069 shares, representing approximately 4% of its outstanding shares.
Share Issuance
- In August 2022, MVB Financial announced an all-stock acquisition of Integrated Financial Holdings (IFH), where IFH shareholders were to receive 1.21 shares of MVB common stock for each IFH share, valued at approximately $98 million.
Outbound Investments
- In August 2022, MVB Financial signed a definitive agreement to acquire Integrated Financial Holdings (IFH) for approximately $98 million in an all-stock transaction, aiming to accelerate its government-guaranteed lending business.
- During 2025, the company divested the assets of Victor Technologies, resulting in a pre-tax gain of $34.2 million, and completed the sale of its controlling interest in Trabian Technology.
- MVB Financial holds equity method investments in Intercoastal Mortgage Company, LLC, Ayers Socure II, LLC, and Warp Speed Holdings, LLC.
Capital Expenditures
- MVB Financial is actively involved in strategies to acquire and internally develop technologies to scale and diversify its banking capabilities, which may involve significant costs.
- The company's positive outlook for 2025 included a projected loan growth of $200 million, indicating capital deployment into lending activities.
Peer Outperformance in Regional Banks
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| MVBF | MVB Financial | 3.1% | 15.0x | -2.0% | 35.5% | -30.1% | — |
| FBP | First BanCorp | 2.9% | 10.7x | 33.9% | 101.1% | 117.2% | +147pp |
| BPOP | Popular | 2.8% | 10.3x | 41.4% | 144.6% | 117.1% | +147pp |
| OFG | OFG Bancorp | 4.5% | 9.7x | 30.7% | 73.5% | 113.0% | +143pp |
| BANF | BancFirst | 5.4% | 15.4x | 6.0% | 43.1% | 84.8% | +115pp |
| EWBC | East West Bancorp | 6.3% | 12.3x | 31.5% | 139.6% | 76.7% | +107pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 33.1% | 75.7% | 125.1% | SPNT 168% · RGA 162% · RNR 141% |
| Investment Banking & Brokerage | 13 | -3.9% | 89.1% | 93.1% | IBKR 305% · SNEX 152% · GS 141% |
| Diversified Banks | 12 | 30.0% | 140.4% | 90.3% | CM 144% · RY 129% · JPM 127% |
| Life & Health Insurance | 20 | 14.3% | 52.3% | 75.4% | JXN 514% · UNM 224% · FG 188% |
| Property & Casualty Insurance | 42 | 18.9% | 76.8% | 66.8% | TRV 178% · PGR 172% · ACGL 168% |
| Multi-Sector Holdings | 3 | 10.1% | 53.8% | 59.4% | BRK-B 99% · VOYA 59% · JEF 37% |
| Multi-line Insurance | 9 | 9.5% | 71.4% | 59.4% | AIZ 105% · GNW 104% · L 98% |
| Regional Banks ← | 263 | 30.0% | 87.5% | 46.7% | CBC 268% · FCNCA 176% · NIC 136% |
| Insurance Brokers | 15 | 5.5% | 13.4% | 33.4% | LIFE 287% · ARX 89% · WTW 56% |
| Financial Exchanges & Data | 15 | 20.6% | 37.2% | 27.9% | CBOE 183% · VIRT 131% · CME 71% |
| Asset Management & Custody Banks | 83 | -5.9% | 22.8% | 12.3% | VCTR 210% · AAMI 207% · WT 205% |
| Consumer Finance | 30 | 2.9% | 81.0% | 8.1% | ENVA 330% · FCFS 130% · ECPG 111% |
| Commercial & Residential Mortgage Finance | 14 | -46.5% | 36.8% | 2.5% | FNMA 327% · FMCC 293% · ACT 158% |
| Diversified Financial Services | 4 | -1.6% | 20.1% | -1.1% | FRHC 153% · EQH 71% |
| Specialized Finance | 3 | 15.8% | 31.5% | -19.7% | HASI -20% · CACC -24% |
| Transaction & Payment Processing Services | 17 | 19.3% | 9.1% | -29.4% | V 103% · MA 94% · CPAY 83% |
| Mortgage REITs | 35 | -18.0% | -6.1% | -37.2% | RITM 36% · DX 17% · AGNC 10% |
| Diversified Capital Markets | 20 | -47.1% | -8.5% | -70.1% | LPLA 83% · TW 38% · RIOT -53% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can MVB Financial Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 62.33 |
| Mkt Cap | 1.4 |
| Rev LTM | 565 |
| Op Inc LTM | - |
| FCF LTM | 231 |
| FCF 3Y Avg | 201 |
| CFO LTM | 255 |
| CFO 3Y Avg | 248 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.3% |
| Rev Chg 3Y Avg | 12.2% |
| Rev Chg Q | 16.3% |
| QoQ Delta Rev Chg LTM | 3.7% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 38.9% |
| CFO/Rev 3Y Avg | 37.7% |
| FCF/Rev LTM | 31.5% |
| FCF/Rev 3Y Avg | 33.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Commercial and Retail (CoRe) Banking | 125 | 148 | 144 | 137 | 112 |
| Other | 39 | 11 | 9 | 6 | 4 |
| Financial Holding Company | 9 | 8 | 7 | 7 | 9 |
| Mortgage Banking | 9 | 2 | -2 | 0 | 17 |
| Intercompany Eliminations | -14 | -17 | -15 | -12 | -8 |
| Total | 168 | 152 | 143 | 139 | 133 |
| $ Mil | 2015 | 2014 | 2013 |
|---|---|---|---|
| Commercial & Retail Banking | 8 | 3 | 2 |
| Mortgage Banking | 6 | 0 | 3 |
| Insurance | 0 | -1 | -1 |
| Intercompany Eliminations | 0 | 0 | 0 |
| Financial Holding Company | -5 | ||
| Total | 10 | 2 | 5 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Commercial and Retail (CoRe) Banking | 36 | 43 | 32 | 39 | 15 |
| Mortgage Banking | 2 | -2 | 0 | 13 | 30 |
| Intercompany Eliminations | 0 | 0 | 0 | 0 | |
| Other | -1 | 3 | -4 | -3 | 1 |
| Financial Holding Company | -17 | -14 | -14 | -9 | -8 |
| Total | 20 | 31 | 15 | 39 | 37 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Commercial and Retail (CoRe) Banking | 3,271 | 3,077 | 3,255 | 3,014 | 2,805 |
| Financial Holding Company | 377 | 405 | 345 | 375 | 364 |
| Mortgage Banking | 96 | 33 | 84 | 34 | 50 |
| Other | 78 | 23 | 18 | 23 | |
| Intercompany Eliminations | -513 | -409 | -388 | -382 | -450 |
| Edge Ventures | 12 | ||||
| Professional Services | 15 | ||||
| Total | 3,309 | 3,129 | 3,314 | 3,069 | 2,792 |
Price Behavior
| Market Price | $25.57 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 08/22/2008 | |
| Distance from 52W High | -19.1% | |
| 50 Days | 200 Days | |
| DMA Price | $29.61 | $27.84 |
| DMA Trend | down | up |
| Distance from DMA | -13.6% | -8.2% |
| 3M | 1YR | |
| Volatility | 35.9% | 29.8% |
| Downside Capture | 87.49 | 59.31 |
| Upside Capture | 7.76 | 53.19 |
| Correlation (S&P 500) | 30.1% | 20.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.93 | 1.19 | 0.92 | 0.26 | 0.46 | 0.79 |
| Up Beta | -2.51 | -1.15 | -0.15 | -0.68 | 0.17 | 0.75 |
| Down Beta | 4.81 | 3.89 | 3.40 | 0.58 | 0.40 | 0.76 |
| Up Capture | -4% | 16% | 10% | 35% | 44% | 54% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 10 | 22 | 32 | 67 | 126 | 373 |
| Down Capture | 184% | 140% | 117% | 49% | 72% | 95% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 12 | 21 | 32 | 58 | 123 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MVBF | |
|---|---|---|---|---|
| MVBF | 0.8% | 29.8% | 0.03 | - |
| Sector ETF (XLF) | 11.1% | 15.2% | 0.47 | 39.6% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 21.1% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | -0.9% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -21.6% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | 31.8% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | -1.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MVBF | |
|---|---|---|---|---|
| MVBF | -6.9% | 34.9% | -0.14 | - |
| Sector ETF (XLF) | 9.1% | 18.4% | 0.36 | 46.4% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 36.3% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | -0.8% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 3.9% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 37.0% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 16.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MVBF | |
|---|---|---|---|---|
| MVBF | 5.0% | 41.8% | 0.27 | - |
| Sector ETF (XLF) | 13.3% | 22.1% | 0.54 | 48.2% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 38.0% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | -1.4% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 13.3% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 39.8% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 12.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2026 | -14.4% | -14.0% | |
| 7/28/2026 | 3.8% | 3.9% | 0.6% |
| 4/29/2026 | 1.2% | 0.7% | 3.6% |
| 2/12/2026 | -1.7% | 1.8% | -9.0% |
| 10/29/2025 | 0.2% | 1.9% | 4.1% |
| 7/28/2025 | -1.5% | -1.4% | 2.5% |
| 4/30/2025 | 2.5% | 3.5% | 15.6% |
| 2/13/2025 | 0.7% | -5.0% | -12.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 12 |
| # Negative | 12 | 11 | 12 |
| Median Positive | 2.5% | 2.7% | 4.9% |
| Median Negative | -2.0% | -3.3% | -7.6% |
| Max Positive | 17.5% | 40.2% | 47.8% |
| Max Negative | -14.4% | -14.8% | -13.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2026 | -14.4% | -14.0% | |
| 7/28/2026 | 3.8% | 3.9% | 0.6% |
| 4/29/2026 | 1.2% | 0.7% | 3.6% |
| 2/12/2026 | -1.7% | 1.8% | -9.0% |
| 10/29/2025 | 0.2% | 1.9% | 4.1% |
| 7/28/2025 | -1.5% | -1.4% | 2.5% |
| 4/30/2025 | 2.5% | 3.5% | 15.6% |
| 2/13/2025 | 0.7% | -5.0% | -12.3% |
| 10/30/2024 | -7.4% | 10.1% | 6.1% |
| 7/29/2024 | -0.3% | -14.8% | -12.1% |
| 4/29/2024 | -6.9% | -3.3% | -7.9% |
| 2/14/2024 | 7.4% | -1.4% | -0.2% |
| 10/26/2023 | -2.6% | 2.7% | -1.2% |
| 7/27/2023 | 3.0% | 0.4% | -7.3% |
| 4/27/2023 | 3.9% | -2.3% | 3.0% |
| 2/17/2023 | -0.4% | 2.7% | -13.1% |
| 10/31/2022 | -2.3% | -1.3% | -6.1% |
| 8/1/2022 | 0.1% | 3.3% | 1.4% |
| 5/2/2022 | -2.2% | -3.7% | -10.3% |
| 2/17/2022 | 1.8% | 3.3% | 5.6% |
| 11/1/2021 | -1.8% | -3.6% | -4.4% |
| 7/29/2021 | -1.3% | -1.7% | -5.5% |
| 5/3/2021 | 2.5% | 1.9% | 6.1% |
| 2/18/2021 | 17.5% | 40.2% | 47.8% |
| 11/2/2020 | 4.7% | 1.5% | 23.2% |
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 12 |
| # Negative | 12 | 11 | 12 |
| Median Positive | 2.5% | 2.7% | 4.9% |
| Median Negative | -2.0% | -3.3% | -7.6% |
| Max Positive | 17.5% | 40.2% | 47.8% |
| Max Negative | -14.4% | -14.8% | -13.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/04/2026 | 10-Q |
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/13/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/04/2026 | 10-Q |
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/13/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
| 12/31/2021 | 03/10/2022 | 10-K |
| 09/30/2021 | 11/01/2021 | 10-Q |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 05/03/2021 | 10-Q |
| 12/31/2020 | 03/09/2021 | 10-K |
| 09/30/2020 | 11/02/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 04/28/2020 | 10-Q |
| 12/31/2019 | 03/13/2020 | 10-K |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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