Financial Performance - Net income attributable to the parent for the three months ended September 30, 2022, was $2,718 thousand, a decrease of 77.0% from $11,828 thousand in the same period of 2021[16]. - Basic earnings per share (EPS) for the three months ended September 30, 2022, was $0.22, a decrease from $1.00 in the same period of 2021, reflecting a decline of 78.0%[16]. - The company reported a comprehensive loss of $7,839 thousand for the three months ended September 30, 2022, compared to a comprehensive income of $11,014 thousand in the same period of 2021[18]. - The company reported a net loss of $1,698,000 from Edge Ventures for the three months ended September 30, 2022, compared to a net loss of $1,677,000 in the same period of 2021, indicating a slight increase in losses[150]. - Total net income available to common shareholders for the three months ended September 30, 2022, was $2,718 thousand, compared to $11,828 thousand for the same period in 2021[145]. - Total net income available to common shareholders for the three months ended September 30, 2022, was $8,033,000, a decrease from $13,563,000 in the same period of 2021, reflecting a decline of 40.9%[150]. Asset and Liability Management - Total assets increased to $3,139,922 thousand as of September 30, 2022, up from $2,792,449 thousand at December 31, 2021, representing a growth of 12.4%[14]. - Total liabilities rose to $2,895,562 thousand as of September 30, 2022, compared to $2,517,146 thousand at December 31, 2021, marking an increase of 15.0%[14]. - The allowance for loan losses increased to $26,515 thousand as of September 30, 2022, from $18,266 thousand at December 31, 2021, indicating a higher reserve for potential loan defaults[14]. - The total loan portfolio amounted to $2,470,438 thousand, with non-accrual loans totaling $22,350 thousand[75]. - The total loans categorized as "Pass" rated were $2,386,206,000 as of September 30, 2022, compared to $1,770,237,000 at the end of 2021, showing a 34.6% increase[72]. Income and Expense Analysis - Net interest income for the three months ended September 30, 2022, was $29,846 thousand, a 56.2% increase compared to $19,096 thousand for the same period in 2021[15]. - Noninterest income decreased to $8,191 thousand for the three months ended September 30, 2022, down from $21,951 thousand in the same period of 2021, a decline of 62.7%[15]. - Total noninterest expenses for the three months ended September 30, 2022, were $29,965,000, an increase from $25,829,000 in the same period of 2021, reflecting a rise of 16.5%[150]. - The company reported a net amortization and accretion of investments of $2,020,000 in 2022, down from $3,011,000 in 2021[25]. - The total charge-offs for the nine months ended September 30, 2022, were $7,304 thousand, primarily related to the subprime consumer automobile loan portfolio[85]. Loan Performance and Risk Assessment - Provision for loan losses was $5,120 thousand for the three months ended September 30, 2022, compared to $380 thousand in the same period of 2021, indicating a significant increase in risk assessment[15]. - The total criticized loans (Special Mention, Substandard, and Doubtful) amounted to $78,232,000 as of September 30, 2022, compared to $63,864,000 at the end of 2021, marking a 22.4% increase[72]. - The average recorded investment in impaired loans for the three months ended September 30, 2022, was $23,711,000, compared to $17,819,000 for the same period in 2021, indicating a 33.1% increase[62]. - Troubled debt restructured loans totaled $12.2 million as of September 30, 2022, with accruing loans representing 16% of total impaired loans[88]. - The allowance for loan losses (ALL) balance increased to $26,515 thousand as of September 30, 2022, from $18,266 thousand at December 31, 2021[85]. Market and Economic Conditions - Future outlook remains cautious amid market fluctuations and economic uncertainties[21]. - The impact of the COVID-19 pandemic continues to pose uncertainties for future operating results[40]. - The Federal Reserve raised its key interest rate to a range of 3.00% to 3.25% as of September 30, 2022, impacting the bank's interest income strategy[183]. - Management identified additional qualitative factors that may affect estimated credit losses, including lending policies and economic conditions[80]. - The company expects to enhance core deposits and fee income through the expansion of treasury services for Fintech and emerging technology companies[159]. Capital and Equity Management - Total stockholders' equity as of March 31, 2022, was $263.862 million, a decrease from $275.303 million at the end of 2021, representing a decline of about 4.2%[20]. - Tangible book value per common share decreased to $19.38 as of September 30, 2022, from $21.64 in 2021, a decline of 10.5%[179]. - The company completed the acquisition of 37.5% equity interest in Warp Speed Holdings for $38.4 million in cash and shares valued at $9.6 million[154][165]. - A merger agreement was entered into with Integrated Financial Holdings, Inc., where IFH shareholders will receive 1.21 shares of MVB common stock for each share of IFH common stock[153][167]. - The balance of recurring Level III assets, consisting solely of municipal securities, was $35,129,000 as of September 30, 2022, down from $41,763,000 at December 31, 2021[135].

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 MVB Financial Corp. (Exact name of registrant as specified in its charter) West Virginia 20-0034461 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 301 Virginia Avenue, Fairmont, WV 26554 (Address of principal executive offices) (Zi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 001-38314 MVB Financial Corp. Indicate by check mark if the registrant is a shell company (as defined in Rule 12b- ...

Financial Performance and Risks - The company had $6.3 million in goodwill and other intangible assets as of December 31, 2021, which may require future write-downs if cash flows decline significantly [164]. - Continued elevated levels of inflation could adversely impact the company's business, potentially leading to increased interest expenses and volatility in loan demand [159]. - The company faces substantial competition from various financial institutions, which may affect its growth and profitability [161]. - The company has significant exposure to credit risk due to interrelated relationships with other financial institutions, which could adversely affect its financial condition [160]. - The company is subject to liquidity risk, which could disrupt its ability to meet financial obligations [179]. - Limited availability of borrowings from the FHLB system could negatively impact earnings and liquidity [181]. - The inability to generate profits and pay dividends could adversely affect the company's financial condition and results of operations [207]. Regulatory and Compliance Challenges - The company is subject to extensive federal and state regulations that significantly affect its lending practices, capital structure, and growth strategies [202]. - The company faces risks related to compliance with various regulations, which could result in enforcement actions and reputational damage [202]. - The transition away from LIBOR may create considerable costs and additional risks, impacting the company's financial instruments indexed to LIBOR [165]. - The company must effectively manage the transition from LIBOR to alternative rates to avoid reputational damage and financial losses [169]. - The company is expanding its banking-as-a-service business, which may face heightened regulatory scrutiny regarding consumer compliance [173]. Market and Economic Factors - The Federal Reserve may begin to increase interest rates, which could lead to unintended volatility in the financial system and impact the company's operations [158]. - The company may face competitive pressures to increase interest rates on deposits to retain its gaming customers, potentially increasing funding costs [163]. - Changes in tax laws may adversely affect performance and necessitate adjustments in accounting practices [201]. Strategic Initiatives and Investments - The company has undertaken various new business initiatives, which involve substantial risks and uncertainties, particularly in underdeveloped markets [170]. - The company is involved in innovative strategies to provide independent banking to corporate clients across the U.S., leveraging investments in Fintech, which may increase operational and compliance risks [171]. - Investments in Fintech companies have significantly impacted the company's results of operations and are expected to continue doing so in the future [175]. - Earnings from Fintech investments can be volatile, and any deterioration in their value could result in losses [176]. - Significant costs are anticipated for acquiring and developing new technologies to scale and diversify banking capabilities, with uncertain timing for profitability [172]. - Potential acquisitions may disrupt business and dilute stockholder value, with risks including payment of premiums and failure to realize expected benefits [178]. Operational and Internal Control Risks - Cybersecurity risks, including breaches and attacks, could adversely affect operations and customer trust [187]. - The company's risk management processes rely on analytical and forecasting models, which may prove inadequate, leading to unexpected losses or insufficient allowances for loan losses [224][225]. - The company has no material weaknesses in internal control over financial reporting as of December 31, 2021, but future weaknesses could lead to sanctions and loss of investor confidence [217]. - Changes in accounting standards and policies could materially impact how the company reports its financial condition and results of operations [223]. Stock Performance and Dividends - The trading volume of the company's common stock is lower than that of larger financial services companies, which may affect liquidity and marketability [209]. - The company's stock price can be volatile, influenced by factors such as quarterly results, analyst recommendations, and general market conditions [212][213]. - The company's ability to pay dividends is restricted by federal policies and regulations, and any future dividend payments will depend on various factors including future earnings and regulatory restrictions [214][215].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 001-38314 MVB Financial Corp. (Exact name of registrant as specified in its charter) West Virginia 20-0034461 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) West Virginia 20-0034461 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 301 Virginia Avenue, Fairmont, WV 26554 (Address of principal executive offices) (Zip Code) (304) 363-4800 (Registrant's telephone number, including area code) Not Applicable FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 001-38314 MVB Financial Corp. (Exact name of registrant as specified in its charter) West Virginia 20-0034461 (Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, ...

Financial Performance - Net income from continuing operations for the nine months ended September 30, 2020, was $25,573 thousand, compared to $22,469 thousand for the same period in 2019, marking an increase of approximately 9.4%[8] - Earnings per share from continuing operations increased to $2.11 for the nine months ended September 30, 2020, compared to $1.89 for the same period in 2019, representing a growth of about 11.6%[9] - Comprehensive income for the nine months ended September 30, 2020, was $25,642 thousand, compared to $27,560 thousand in 2019, showing a decrease of about 6.9%[11] - Net income for the nine months ended September 30, 2020, was $25,573,000, an increase from $22,896,000 in the same period of 2019, representing an increase of approximately 11.6%[17] - The Company reported total revenues of $62,915,000 and net income of $28,979,000 for the three months ended September 30, 2020, with gross profit also at $33,765,000[107] - For the three months ended September 30, 2020, net income was $6,491 thousand, compared to $4,327 thousand for the same period in 2019, representing a year-over-year increase of approximately 50%[148] Asset Growth - Total assets increased to $2,214,459 thousand as of September 30, 2020, up from $1,944,114 thousand at December 31, 2019, representing a growth of approximately 13.9%[6] - Total deposits rose to $1,898,957 thousand as of September 30, 2020, compared to $1,265,042 thousand at December 31, 2019, representing an increase of approximately 50%[6] - The total stockholders' equity increased to $234,116,000 as of September 30, 2020, compared to $211,936,000 at the end of 2019, representing a growth of approximately 10.5%[14] - Cash and cash equivalents at the end of the period reached $295,823,000, a significant increase from $36,568,000 at the end of the same period in 2019[17] Loan and Deposit Activity - Net loans reached $1,402,680 thousand, an increase from $1,362,766 thousand, reflecting a growth of about 2.9%[6] - Total loans increased to $1,430.3 million as of September 30, 2020, compared to $1,374.2 million at December 31, 2019, reflecting a growth of 4.1%[51] - The company reported a net increase in deposits of $491,259,000 for the nine months ended September 30, 2020, compared to $147,250,000 in the same period of 2019, indicating strong deposit growth[17] Noninterest Income - Total noninterest income for the nine months ended September 30, 2020, was $75,761 thousand, up from $49,848 thousand in 2019, indicating a significant increase of approximately 52.1%[8] - Noninterest income for the nine months ended September 30, 2020, totaled $75.76 million, a significant increase from $49.85 million in the same period of 2019, marking a 52% growth[186] - Compliance consulting income surged to $3.04 million for the nine months ended September 30, 2020, compared to only $25 thousand in the same period of 2019, indicating a substantial increase[186] Loan Loss Provisions - Provision for loan losses was $16,365 thousand for the nine months ended September 30, 2020, compared to $1,557 thousand in 2019, reflecting a substantial increase due to economic uncertainties[8] - The provision for loan losses increased significantly to $16,365,000 for the nine months ended September 30, 2020, compared to $1,557,000 for the same period in 2019, indicating a substantial rise in expected credit losses[17] - Provision for loan losses for the three months ended September 30, 2020, was $8,631 thousand, compared to $657 thousand for the same period in 2019, reflecting a significant increase due to economic uncertainties[148] Investment Activity - The company incurred a net cash used in investing activities of $(154,717,000) for the nine months ended September 30, 2020, compared to $(74,566,000) in 2019, reflecting increased investment activity[17] - The investment securities available-for-sale totaled $297.964 million at September 30, 2020, with unrealized losses of $694 thousand[44] - The company sold investments available-for-sale worth $48.6 million for the nine-month period ended September 30, 2020, resulting in gross gains of $899 thousand[47] Credit Quality and Impairment - The total allowance for loan losses (ALL) was $25.816 million, an increase from $17.569 million as of June 30, 2020, reflecting a provision of $16.257 million during the quarter[63] - The total recorded investment in impaired loans as of September 30, 2020, was $17.5 million, with $10.5 million classified with specific allowance and $6.99 million without[75] - Impaired loans increased by $8.0 million, or 84.6%, during the nine months ended September 30, 2020, reaching a total of $17.5 million[75] Acquisitions and Mergers - The company completed the combination of MVB Mortgage with Intercoastal Mortgage Company on July 1, 2020, enhancing its position in the Mid-Atlantic residential mortgage lending market[147] - The acquisition of First State Bank on April 3, 2020, involved a net asset discount of $33.2 million and the acquisition of deposits valued at approximately $140 million[192] - A bargain purchase gain of $4.671 million was recognized on the First State acquisition[198] Miscellaneous - The company is actively evaluating the impact of COVID-19 on its financial condition and results of operations, with potential material effects[32] - The company recognized unrealized holding gains on equity securities of $94 thousand for the three-month period ended September 30, 2020[49] - The company reported a significant increase in mortgage fee income to $33,427 thousand for the nine months ended September 30, 2020, compared to $28,030 thousand in 2019, representing a growth of about 19.5%[8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 000-50567 MVB Financial Corp. (Exact name of registrant as specified in its charter) | West Virginia 20-0034461 | | ...