MVB FINANCIAL CORP
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
MVBF$25.61-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
(Unaudited) (Dollars in thousands except per share data)
| Common stock · Additional paid-in capital · Retained earnings · Accumulated other comprehensive income (loss) · Treasury stock · Total stockholders' equity attributable to parent · Noncontrolling interest · Total stockholders' equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2023 | 13,606,399 | $13,606 | $160,488 | $160,862 | $(28,831) | 848,016 | $(16,741) | $289,384 | $(42) | $289,342 |
| Net income | — | — | — | 4,482 | — | — | — | 4,482 | 20 | 4,502 |
| Other comprehensive loss | — | — | — | — | (1,968) | — | — | (1,968) | — | (1,968) |
| Dividends on common stock ($0.17 per share) | — | — | — | (2,145) | — | — | — | (2,145) | — | (2,145) |
| Stock-based compensation | — | — | 780 | — | — | — | — | 780 | — | 780 |
| Stock-based compensation related to equity method investments | — | — | 104 | — | — | — | — | 104 | — | 104 |
| Common stock options exercised | 82,500 | 83 | 1,130 | — | — | — | — | 1,213 | — | 1,213 |
| Balance at March 31, 2024 | 13,688,899 | $13,689 | $162,502 | $163,199 | $(30,799) | 848,016 | $(16,741) | $291,850 | $(22) | $291,828 |
| Common stock · Additional paid-in capital · Retained earnings · Accumulated other comprehensive income (loss) · Treasury stock · Total stockholders' equity attributable to parent · Noncontrolling interest · Total stockholders' equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2022 | 13,466,281 | $13,466 | $157,152 | $144,911 | $(37,704) | 848,016 | $(16,741) | $261,084 | $307 | $261,391 |
| Net income (loss) | — | — | — | 11,342 | — | — | — | 11,342 | (122) | 11,220 |
| Other comprehensive income | — | — | — | — | 6,766 | — | — | 6,766 | — | 6,766 |
| Dividends on common stock ($0.17 per share) | — | — | — | (2,146) | — | — | — | (2,146) | — | (2,146) |
| Impact of adopting ASC 326, net of tax | — | — | — | (6,642) | — | — | — | (6,642) | — | (6,642) |
| Stock-based compensation | — | — | 831 | — | — | — | — | 831 | — | 831 |
| Stock-based compensation related to equity method investments | — | — | 69 | — | — | — | — | 69 | — | 69 |
| Common stock options exercised | 4,450 | 4 | 66 | — | — | — | — | 70 | — | 70 |
| Restricted stock units issued | 43,882 | 44 | (44) | — | — | — | — | — | — | — |
| Minimum tax withholding on restricted stock units issued | (13,416) | (13) | (230) | — | — | — | — | (243) | — | (243) |
| Balance at March 31, 2023 | 13,501,197 | $13,501 | $157,844 | $147,465 | $(30,938) | 848,016 | $(16,741) | $271,131 | $185 | $271,316 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.