Financial Performance - Net income for Q1 2020 was $1,048 thousand, a decrease of 67.2% from $3,192 thousand in Q1 2019[9]. - Earnings per share (basic and diluted) decreased to $0.08 in Q1 2020 from $0.26 in Q1 2019, a decline of 69.2%[9]. - The company reported a comprehensive income of $131 thousand for Q1 2020, down from $4,109 thousand in Q1 2019, reflecting a decline of 96.8%[11]. - For the three months ended March 31, 2020, net income available to common shareholders decreased to $934 thousand from $3,071 thousand in 2019, representing a decline of approximately 69.6%[130]. - The Company’s return on average assets decreased to 0.22% in Q1 2020 from 0.73% in Q1 2019, while return on average equity fell to 1.95% from 7.18%[173]. - For Q1 2020, the company earned $1.0 million, a decrease from $3.2 million in Q1 2019[195]. Income and Revenue - Net interest income after provision for loan losses was $15,033 thousand for Q1 2020, compared to $13,672 thousand in Q1 2019, reflecting an increase of 9.9%[8]. - Noninterest income rose to $10,850 thousand in Q1 2020, up from $8,765 thousand in Q1 2019, marking a growth of 23.7%[8]. - Noninterest income for the three months ended March 31, 2020, totaled $10.85 million, an increase from $8.765 million in the same period of 2019, representing a growth of approximately 23.6%[159]. - Noninterest income increased by $1.8 million, driven by a $1.0 million rise in consulting income and a $396 thousand increase in gains on the sale of securities[137]. - Mortgage fee income surged by $4.7 million, attributed to an increase of $171.7 million in mortgage loans sold compared to the same period in 2019[144]. Assets and Liabilities - Total assets increased to $2,099,680 thousand as of March 31, 2020, up from $1,944,114 thousand at December 31, 2019, representing a growth of 8.0%[6]. - Total deposits increased to $1,598,239 thousand as of March 31, 2020, up from $1,265,042 thousand at December 31, 2019, representing a growth of 26.3%[6]. - Cash and cash equivalents increased to $88,874 thousand as of March 31, 2020, up from $28,002 thousand at December 31, 2019, a growth of 216.5%[6]. - The estimated fair value of financial liabilities, including deposits and borrowings, was $1,594,168,000 as of March 31, 2020, slightly down from $1,249,135,000 as of December 31, 2019[124]. - The total balance of recurring level III assets increased to $42,417,000 as of March 31, 2020, from $38,919,000 at December 31, 2019[115]. Loan Performance - Provision for loan losses increased to $1,138 thousand in Q1 2020, compared to $300 thousand in Q1 2019, indicating a significant rise in risk assessment[8]. - The allowance for loan losses (ALL) balance at March 31, 2020, was $11,161 thousand, down from $11,775 thousand as of December 31, 2019, reflecting a charge-off of $1,756 thousand[52]. - Impaired loans increased by $743 thousand, or 7.8%, during the three months ended March 31, 2020, totaling $10,226 thousand[61]. - The total loans as of March 31, 2020, amounted to $1,396,606 thousand, with commercial loans at $1,094,494 thousand and residential loans at $261,493 thousand[52]. - The provision for loan losses for the first quarter of 2020 was a recovery of $1,138 thousand, indicating a positive adjustment to the ALL[52]. Expenses - Total noninterest expenses rose to $24,656 thousand in Q1 2020, compared to $18,448 thousand in Q1 2019, an increase of 33.5%[8]. - Noninterest expenses rose by $2.8 million, primarily due to a $1.5 million increase in salaries and employee benefits, linked to the expansion of the Fintech team and personnel from the Chartwell acquisition[138]. - Charge-offs in Q1 2020 totaled $1.8 million, compared to no charge-offs in Q1 2019[200]. Strategic Initiatives - The company is actively participating in the Paycheck Protection Program (PPP) to assist clients during the COVID-19 pandemic[29]. - MVB Financial Corp. is in the process of a mortgage business combination with Intercoastal Mortgage Company, expected to close in mid-2020, which will enhance its mortgage origination services[26][27]. - The Company is expanding its services to Fintech clients and banks through its dedicated Fintech sales team, which is expected to generate fee income revenue as relationships grow[186]. - The Company entered into a Purchase and Assumption Agreement with the FDIC to acquire certain assets and liabilities of The First State Bank, enhancing its branch network[183]. Market Conditions - The impact of the COVID-19 pandemic on the company's financial condition and results of operations is currently being evaluated and quantified[28]. - The ongoing COVID-19 pandemic has led to significant downward movement in the fed funds rate[205].

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, 2019 or ☐ TRANSITION REPORT PURSUANT TO 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 (Stat ...

Table of Contents 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, 2019 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 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 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 301 Virginia Avenue, Fairmont, WV | 26554 | | (Address of principal executive offi ...

Table of Contents 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, 2019 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 Virg ...

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, 2018 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission file Number 34603-9 MVB Financial Corp. (Exact name of registrant as specified in its charter) West Virginia 20-0034461 (State ...