MVB FINANCIAL CORP

For the period ended Sep 30, 2024. Filed Nov 5, 2024.

About 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.

Sep 30, 2024 · Filed Nov 5, 2024

MVBF$25.78-0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

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
Net income	—	—	—	4,089		—		—		—		4,089		60		4,149
Other comprehensive income	—	—	—		2,413		—		—		2,413		—		2,413
Dividends on common stock ($0.17 per share)	—	—	—	(2,192)		—		—		—		(2,192)		—		(2,192)
Stock-based compensation	—	—	814	—		—		—		—		814		—		814
Stock-based compensation related to equity method investments	—	—	104	—		—		—		—		104		—		104
Common stock options exercised	1,650	2	26	—		—		—		—		28		—		28
Restricted stock units vested	111,500	111	(111)	—		—		—		—		—		—		—
Minimum tax withholding on restricted stock units issued	(26,071)	(26)	(455)	—		—		—		—		(481)		—		(481)
Balance at June 30, 2024	13,775,978	$13,776	$162,880	$165,096		$(28,386)		848,016		$(16,741)		$296,625		$38		$296,663
Net income	—	—	—	2,080		—		—		—		2,080		76		2,156
Other comprehensive income	—	—	—	—		5,927		—		—		5,927		—		5,927
Dividends on common stock ($0.17 per share)	—	—	—	(2,198)		—		—		—		(2,198)		—		(2,198)
Stock-based compensation	—	—	548	—		—		—		—		548		—		548
Stock-based compensation related to equity method investment	—	—	104	—		—		—		—		104		—		104
Balance at September 30, 2024	13,775,978	$13,776	$163,532	$164,978		$(22,459)		848,016		$(16,741)		$303,086		$114		$303,200

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	—	—	—	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 vested	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
Net income	—	—	—	8,112	—	—	—	8,112	(114)	7,998
Other comprehensive loss	—	—	—	—	(3,526)	—	—	(3,526)	—	(3,526)
Dividends on common stock ($0.17 per share)	—	—	—	(2,163)	—	—	—	(2,163)	—	(2,163)
Stock-based compensation	—	—	792	—	—	—	—	792	—	792
Stock-based compensation related to equity method investments	—	—	104	—	—	—	—	104	—	104
Common stock options exercised	3,000	3	40	—	—	—	—	43	—	43
Restricted stock units vested	86,520	87	(87)	—	—	—	—	—	—	—
Minimum tax withholding on restricted stock units issued	(22,878)	(23)	(415)	—	—	—	—	(438)	—	(438)
Redemption of noncontrolling interest	—	—	294	—	—	—	—	294	(123)	171
Balance at June 30, 2023	13,567,839	$13,568	$158,572	$153,414	$(34,464)	848,016	$(16,741)	$274,349	$(52)	$274,297
Net income	—	—	—	3,867	—	—	—	3,867	5	3,872
Other comprehensive loss	—	—	—	—	(5,787)	—	—	(5,787)	—	(5,787)
Dividends on common stock ($0.17 per share)	—	—	—	(2,164)	—	—	—	(2,164)	—	(2,164)
Stock-based compensation	—	—	949	—	—	—	—	949	—	949
Stock-based compensation related to equity method investment	—	—	104	—	—	—	—	104	—	104
Common stock options exercised	6,400	6	92	—	—	—	—	98	—	98
Balance at September 30, 2023	13,574,239	$13,574	$159,717	$155,117	$(40,251)	848,016	$(16,741)	$271,416	$(47)	$271,369

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.