MVB FINANCIAL CORP
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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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.
Jun 30, 2025 · Filed Aug 7, 2025
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 Cash Flows
(Unaudited) (Dollars in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| OPERATING ACTIVITIES | ||
| Net income, before noncontrolling interest | $5,561 | $8,651 |
| Adjustments to reconcile net income, before noncontrolling interest, to net cash from operating activities: | ||
| Net amortization and accretion of investments | 449 | 1,131 |
| Net amortization of deferred loan costs | 651 | 654 |
| Provision for credit losses | 2,167 | 2,251 |
| Depreciation and amortization | 1,558 | 2,141 |
| Stock-based compensation | 1,607 | 1,594 |
| Stock-based compensation related to equity method investments | 208 | 208 |
| Holding loss on equity securities | 640 | 35 |
| Gain on sale of available-for-sale securities, net | (48) | (658) |
| Gain on sale of equity securities, net | (118) | (103) |
| Loss on sale of loans held-for-investment | 149 | — |
| Gain on divestiture activity | (608) | — |
| Income on bank-owned life insurance | (603) | (569) |
| Deferred income taxes | (63) | (474) |
| Equity method investments (income) loss | (2,960) | 644 |
| Return on equity method investments | (208) | — |
| Other assets | 22,758 | (9,411) |
| Other liabilities | (9,573) | (4,470) |
| Net cash provided by operating activities | 21,567 | 1,624 |
| INVESTING ACTIVITIES | ||
| Purchases of available-for-sale investment securities | (74,430) | (48,205) |
| Net maturities/paydowns of available-for-sale investment securities | 59,344 | 5,449 |
| Sales of available-for-sale investment securities | 29,480 | 24,327 |
| Purchases of premises and equipment | (452) | (1,177) |
| Disposals of premises and equipment | 150 | 67 |
| Net change in loans | (83,455) | 108,485 |
| Proceeds from the sale of loans held-for-investment | 27,678 | — |
| Proceeds from sale of other real estate owned | 1,229 | — |
| Investment in equity method investments | — | (1,669) |
| Purchase of equity securities | (2,050) | (146) |
| Proceeds from divestiture, net | 3,463 | — |
| Proceeds from sale of equity securities | 188 | 39 |
| Net cash (used in) provided by investing activities | (38,855) | 87,170 |
| FINANCING ACTIVITIES | ||
| Net change in deposits | 109,606 | (18,624) |
| Net change in repurchase agreements | 268 | (2,455) |
| Principal payments on senior term loan | — | (6,850) |
| Common stock options exercised | 72 | 1,241 |
| Withholding cash issued in lieu of restricted stock | (402) | — |
| Cash dividends paid on common stock | (4,410) | (481) |
| Cash dividends paid on preferred stock | — | (4,337) |
| Repurchase of common stock | (6,380) | — |
| Net cash provided by (used in) financing activities | 98,754 | (31,506) |
| Net change in cash and cash equivalents | 81,466 | 57,288 |
| Cash and cash equivalents, beginning of period | 317,913 | 398,229 |
| Cash and cash equivalents, end of period | $399,379 | $455,517 |
| Cash payments for: | ||
|---|---|---|
| Interest on deposits, repurchase agreements and borrowings | $36,873 | $38,239 |
| Income taxes | 3,856 | 189 |
| Supplemental disclosure of cash flow information: | ||
| Change in unrealized holding losses on securities available-for-sale | (62) | (1,977) |
| Restricted stock units vested | 79 | 111 |
| Employee stock-based compensation tax withholding obligations | — | (26) |
| Loans transferred out of loans held-for-sale | — | (629) |
| Equity method investment distribution receivable | — | 944 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.