MVB Financial Corp (NasdaqCM:MVBF) Conference March 26, 2026 10:00 AM ET Company ParticipantsLarry Mazza - President and CEOMike Sumbs - EVP and CFOTom Kies - EVP - International, Global PartnershipsTom KiesHello, and welcome to the Virtual Investor Conference. I am Tom Keys, Executive Vice President of Alliance Advisors. On behalf of the OTC Markets Group and Alliance Advisors, we are very pleased you have joined us for our 14th Annual Banking Conference. The next presentation is from MVB Financial. Please ...

FAIRMONT, W.Va, March 19, 2026 (GLOBE NEWSWIRE) -- MVB Financial Corp. (NASDAQ: MVBF), an innovative bank focused on powering solutions for leading Fintech companies nationwide, while providing traditional retail and commercial banking services within established markets, today announced that Larry F. Mazza, Chief Executive Officer and President, and Mike Sumbs, Chief Financial Officer, will present live at the Banking Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on March 26, 2026. ...

MVB Names Tressler as Chief Deposit Officer Mar 18, 2026 4:30 PM Eastern Daylight Time MVB Names Tressler as Chief Deposit Officer Share FAIRMONT, W.Va.--(BUSINESS WIRE)--MVB Financial Corp. (Nasdaq: MVBF) ("MVB,†"MVB Financial†or the "Company†), the parent holding company for MVB Bank (the "Bank†), has named Monica L. Tressler as Executive Vice President, Chief Deposit Officer. With more than 20 years of leadership experience in commercial banking, Tressler has a strong track record of building high-pe ...

Financial Performance - On-balance sheet gaming deposits totaled $184.3 million as of December 31, 2025, down from $227.6 million as of December 31, 2024, indicating a decrease of approximately 19%[154] - Off-balance sheet gaming deposits decreased to $104.0 million as of December 31, 2025, from $221.0 million as of December 31, 2024, representing a decline of about 53%[154] - The company had $1.2 million of goodwill as of December 31, 2025, with potential future write-downs impacting financial results if cash flows decline significantly[158] - The company may experience increased funding costs and compressed net interest margins due to competitive pressures on deposit interest rates[154] - Changes in tax laws may adversely affect performance and customer demand for loans and deposit products[190] - The company's ability to pay dividends is primarily dependent on dividends received from the Bank, which is subject to federal and state regulations[195] - If the Bank fails to generate profits or if regulatory restrictions are imposed, it could adversely affect the company's financial condition and its ability to pay dividends to shareholders[196] - The company's stock price is subject to volatility due to various factors, including quarterly results, economic conditions, and market fluctuations[201] - Future dividend payments are uncertain and will depend on factors such as earnings, capital requirements, and regulatory restrictions[202] - The value of the company's investment securities portfolio may be negatively impacted by market disruptions, leading to potential impairments[204] - Changes in accounting policies and estimates could materially affect the company's financial reporting and condition[205] Competition and Market Risks - The company faces significant competition from various financial institutions, which may impact its ability to retain deposits and generate income[156] - The Federal Reserve raised benchmark interest rates in 2022 and 2023, which may adversely affect net interest income and profitability if rates rise again in 2026[153] - A deterioration in economic conditions may lead to deposit base outflows, limiting access to liquidity sources[170] - Limited availability of borrowings from the FHLB system could negatively impact earnings and short-term liquidity needs[172] - The trading volume of the company's common stock is lower than that of larger financial services companies, which may hinder investors' ability to sell shares at favorable prices[198] - Non-compliance with Nasdaq listing requirements could lead to delisting, adversely affecting the stock's trading price and marketability[199] Regulatory and Compliance Risks - The company is subject to extensive government regulation, which could limit financial services offered and increase compliance costs[191] - Failure to meet capital adequacy guidelines could compromise the company's status as a financial holding company[194] Operational and Technological Risks - Cyberattacks and breaches in information systems pose significant risks, potentially damaging operations and customer relationships[178] - The company faces risks related to technological changes, which could materially impact financial condition and results of operations[179] - Reliance on external vendors exposes the company to operational risks if those vendors do not perform satisfactorily[182] - Environmental liability risks associated with lending activities could lead to significant remediation costs and impact financial condition[183] - The company's risk management processes rely on analytical models that may be inadequate, potentially resulting in unexpected losses or insufficient credit loss allowances[210] Strategic Initiatives - The company is focused on long-term growth through new business initiatives, including investments in Fintech, which carry substantial risks and uncertainties[159] - The company has strategies to acquire and develop technologies to diversify banking capabilities, but these investments may not yield immediate profitability[162] - Potential acquisitions may involve paying premiums that could dilute tangible book value and net income per share, impacting financial performance[167] - The company is engaged in relationships with clients in various industries, including payments and digital assets, which may be affected by regulatory changes[160]

Core Viewpoint - MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share [1] Company Summary - The Board of Directors of MVB Financial Corp. made the announcement regarding the dividend [1]

Core Viewpoint - MVB Financial (MVBF) reported quarterly earnings of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, but down from $0.72 per share a year ago, indicating a significant earnings surprise of +4.92% [1] Group 1: Earnings Performance - The company surpassed consensus EPS estimates two times over the last four quarters [2] - MVB Financial's revenues for the quarter ended December 2025 were $39.08 million, exceeding the Zacks Consensus Estimate by 11.98%, but down from $46.18 million year-over-year [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] Group 2: Stock Performance and Outlook - MVB Financial shares have increased approximately 9.9% since the beginning of the year, compared to the S&P 500's gain of 1.4% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $0.38 for the coming quarter and $1.95 for the current fiscal year [4][7] - The estimate revisions trend for MVB Financial was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 22% of over 250 Zacks industries, suggesting a favorable environment for the sector [8] - Another company in the same industry, Peapack-Gladstone (PGC), is expected to report quarterly earnings of $0.65 per share, reflecting a year-over-year change of +25% [9]

Financial Performance - MVB Financial reported a net income of $4.2 million for Q4 2025, translating to $0.33 basic and $0.32 diluted earnings per share[2]. - Net interest income increased by 6.8% to $28.4 million, with a net interest margin expansion of 17 basis points to 3.70%[3]. - Noninterest income for Q4 2025 was $10.7 million, a decline of 69.1% from the prior quarter due to a previous gain on the sale of Victor Technologies[8]. - The company reported a gain on divestiture activity of $160 million in Q4 2025, significantly lower than the $34,086 million reported in Q3 2025, indicating a strategic shift in asset management[21]. - Net income for the twelve months ended December 31, 2025, was $26,940,000, an increase from $20,091,000 in 2024, representing a growth of 34.4%[28]. - Cash dividends paid per common share remained stable at $0.68 for both 2025 and 2024[28]. Loan and Deposit Growth - Total loan balances reached $2.34 billion, reflecting a growth of $83.8 million, or 3.7%, from the previous quarter[7]. - Total deposits increased by $66.0 million, or 2.4%, to $2.84 billion at the end of Q4 2025[7]. - Loans receivable increased to $2,343,163 million as of December 31, 2025, from $2,259,386 million in September 2025 and $2,100,131 million in December 2024, indicating growth in lending activities[23]. - Noninterest bearing deposits rose to 40.3% of total deposits, up from 37.0% in Q3 2025[7]. - Loans originated during the twelve months totaled $5,664,857,000, an increase from $5,228,415,000 in 2024, marking an 8.4% growth[28]. Asset Management - Total assets as of December 31, 2025, were $3,308,918 million, an increase from $3,232,953 million in September 2025 and $3,128,704 million in December 2024[23]. - Total assets decreased slightly to $3,257,111,000 in 2025 from $3,283,393,000 in 2024, a decline of 0.8%[26]. - Tangible assets for Q4 2025 were $3,307,718,000, slightly up from $3,231,753,000 in Q3 2025[32]. Credit Quality - Net charge-offs were $3.9 million, or 0.68% annualized of total loans, compared to $0.7 million, or 0.12% in the prior quarter[9]. - The provision for credit losses totaled $2.1 million, down from $4.4 million in the previous quarter[9]. - The allowance for credit losses decreased to $21,827 million as of December 31, 2025, from $23,322 million in September 2025, suggesting improved credit quality[23]. - Nonperforming loans increased to $30,655,000, up from $24,607,000 in 2024, representing a rise of 24.9%[28]. - The allowance for credit losses was $21,827,000, compared to $19,663,000 in 2024, reflecting an increase of 11%[28]. Operational Efficiency - The efficiency ratio improved to 72.8% for the twelve months ended December 31, 2025, down from 80.4% in 2024, showing enhanced operational efficiency[28]. - The net interest margin for the twelve months ended December 31, 2025, was 3.63%, compared to 3.64% in 2024, indicating a slight contraction[28]. Equity and Book Value - Book value per common share increased by 0.7% to $26.26 as of December 31, 2025[8]. - The book value per common share increased to $26.26 in 2025 from $23.61 in 2024, a growth of 11.2%[28]. - Tangible book value per common share increased to $26.17 in Q4 2025 from $25.98 in Q3 2025 and $23.37 in Q4 2024[32]. - Total equity attributable to the parent rose to $333,968,000 in Q4 2025, up from $327,752,000 in Q3 2025 and $305,679,000 in Q4 2024[32]. - Tangible common equity ratio remained stable at 10.1% for both Q4 2025 and Q3 2025, compared to 9.7% in Q4 2024[32]. Interest Income - The net interest income for Q4 2025 was $28,502 million, with a margin of 3.71%, compared to $26,753 million and 3.55% in Q3 2025, reflecting improved profitability[25]. - Net interest income for Q4 2025 was $28,379,000, an increase from $26,573,000 in Q3 2025, and $24,904,000 in Q4 2024[30]. - The net interest margin on a fully tax-equivalent basis for Q4 2025 was 3.71%, compared to 3.55% in Q3 2025 and 3.46% in Q4 2024[30]. - The impact of fully tax-equivalent adjustment on net interest income was $123,000 for Q4 2025[30].

Core Viewpoint - MVB Financial (MVBF) is expected to report a year-over-year decline in earnings due to lower revenues, with the consensus outlook being crucial for assessing the company's earnings picture [1] Earnings Expectations - The upcoming earnings report is anticipated to show quarterly earnings of $0.31 per share, reflecting a year-over-year decrease of 56.9% [3] - Revenues are projected to be $34.9 million, down 24.4% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not reassessed their initial estimates during this period [4] - MVB Financial's Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -14.75%, suggesting a bearish outlook from analysts [12] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from the consensus estimate, with positive readings being more reliable [9][10] - MVB Financial currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat [12] Historical Performance - In the last reported quarter, MVB Financial was expected to post earnings of $0.29 per share but instead reported a loss of -$0.24, resulting in a surprise of -182.76% [13] - Over the past four quarters, the company has beaten consensus EPS estimates two times [14] Conclusion - MVB Financial does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of its earnings release [17]

Core Insights - Diamond Hill Capital's "Small Cap Strategy" reported a favorable performance in Q4 2025, with the Russell 2000 Index gaining 2.19% and a yearly gain of 12.81% [1] - The Strategy outperformed the Russell 2000 Index with a return of 4.88% (net of fees) in the quarter [1] Company Overview - MVB Financial Corp. (NASDAQ:MVBF) is a bank holding company for MVB Bank, Inc., providing financial services to individuals and corporate clients [2] - As of February 4, 2026, MVB Financial Corp. stock closed at $28.72 per share, with a market capitalization of $365.376 million [2] - The company has seen a 9.91% return in the past month and a 46.16% increase over the past twelve months [2] Strategic Positioning - MVB Financial Corp. operates as a banking-as-a-service (BaaS) provider with a community banking franchise in West Virginia [3] - The company has developed a rich pipeline of fintech partners, which is expected to support long-term growth despite previous industry challenges [3] Hedge Fund Interest - MVB Financial Corp. was held by 6 hedge fund portfolios at the end of Q3 2025, an increase from 5 in the previous quarter [4] - While MVB Financial Corp. shows potential, the company is not among the 30 most popular stocks among hedge funds, with certain AI stocks being viewed as having greater upside potential [4]

Core Insights - Affirm Holdings, Inc. has applied to create its own banking entity, Affirm Bank, aiming to deepen its integration into the banking sector and transform credit and payment solutions for consumers and merchants [1][2] - The establishment of Affirm Bank is intended to foster sustainable growth through a federally insured framework, broadening the availability of transparent financial tools that prioritize user interests [2][4] Company Strategy - The new subsidiary will operate alongside Affirm's current operations and partnerships, providing increased adaptability and variety in offerings, potentially leading to innovative products and services [3][9] - Max Levchin, Affirm's CEO, emphasized the strategic importance of this initiative to fortify the company's platform and enhance access to straightforward financial options for individuals [4][9] Financial Impact - Since its inception, Affirm has facilitated nearly $130 billion in credit extensions, serving around 60 million individuals without imposing delayed or concealed charges, contrasting with traditional credit cards [5][6] - Estimates suggest that American families could have avoided $18 billion in costs during 2024 by utilizing Affirm's evaluation methods and fee-free structure [6] Leadership and Oversight - John Marion has been appointed as the president of the proposed bank, bringing over 25 years of experience in banking and fintech from major institutions [7] - The subsidiary will feature autonomous oversight and internal safeguards, supported by a seasoned leadership team well-versed in banking regulations [8] Industry Evolution - Affirm Bank could represent a pivotal evolution for the buy-now-pay-later (BNPL) industry, blending innovative lending with traditional banking stability to better serve a digital economy [9]