MVB FINANCIAL CORP
For the period ended Oct 29, 2026. Filed Oct 29, 2026.
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Oct 29, 2026 · Filed Oct 29, 2026
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Contents
EX-99.1 · Selected Financial Data
Selected Financial Data
(Unaudited) (Dollars in thousands, except share and per share data)
| Quarterly · Year-to-Date | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2026 · 2026 · 2025 · 2026 · 2025 | ||||||||
| Third Quarter · Second Quarter · Third Quarter | ||||||||
| Earnings and Per Share Data: | ||||||||
| Net income | $438 | $12,251 | $17,136 | $17,873 | $22,715 | |||
| Earnings per share - basic | $0.03 | $0.95 | $1.36 | $1.39 | $1.77 | |||
| Earnings per share - diluted | $0.03 | $0.93 | $1.32 | $1.35 | $1.73 | |||
| Cash dividends paid per common share | $0.17 | $0.17 | $0.17 | $0.51 | $0.51 | |||
| Book value per common share | $25.35 | $26.61 | $26.07 | $25.35 | $26.07 | |||
| Tangible book value per common share 1 | $25.26 | $26.52 | $25.98 | $25.26 | $25.98 | |||
| Weighted-average shares outstanding - basic | 12,975,828 | 12,869,947 | 12,615,475 | 12,880,779 | 12,824,037 | |||
| Weighted-average shares outstanding - diluted | 13,282,953 | 13,186,672 | 13,010,527 | 13,209,658 | 13,099,196 | |||
| Performance Ratios: | ||||||||
| Return on average assets 2 | —% | 1.4% | 2.1% | 0.7% | 0.9% | |||
| Return on average equity 2 | 0.5% | 14.3% | 22.9% | 7.0% | 10.0% | |||
| Net interest margin 3 4 | 4.02% | 4.16% | 3.55% | 3.97% | 3.63% | |||
| Efficiency ratio 5 | 73.8% | 59.5% | 54.5% | 68.9% | 70.5% | |||
| Overhead ratio 2 6 | 3.4% | 3.5% | 4.1% | 3.4% | 3.7% | |||
| Equity to assets | 9.4% | 9.7% | 10.1% | 9.4% | 10.1% | |||
| Asset Quality Data and Ratios: | ||||||||
| Charge-offs | $3,046 | $1,773 | $967 | $6,709 | $2,982 | |||
| Recoveries | $540 | $391 | $295 | $1,323 | $1,270 | |||
| Net loan charge-offs to total loans 2, 7 | 0.41% | 0.23% | 0.12% | 0.30% | 0.11% | |||
| Allowance for credit losses | $36,247 | $28,217 | $23,322 | $36,247 | $23,322 | |||
| Allowance for credit losses to total loans | 1.44% | 1.14% | 1.03% | 1.03% | 1.44% | 1.03% | ||
| Nonperforming loans | $46,783 | $29,233 | $26,214 | $46,783 | $26,214 | |||
| Nonperforming loans to total loans | 1.9% | 1.2% | 1.2% | 1.9% | 1.2% | |||
| Criticized loans to total loans | 2.9% | 3.1% | 4.1% | 2.9% | 4.1% | |||
| Mortgage Company Equity Method Investees Production Data8: | ||||||||
| Mortgage pipeline | $1,160,978 | $1,236,366 | $1,174,362 | $1,160,978 | $1,174,362 | |||
| Loans originated | $1,352,172 | $1,491,404 | $1,546,353 | $4,250,497 | $4,209,658 | |||
| Loans closed | $1,003,981 | $927,934 | $1,014,469 | $2,868,704 | $2,784,853 | |||
| Loans sold | $638,154 | $820,716 | $702,938 | $2,206,699 | $2,046,657 | |||
1 Common equity, less total goodwill and intangibles per common share, a non-U.S. GAAP financial measure. See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 13.
2 Annualized for the quarterly periods presented.
3 Net interest income as a percentage of average interest-earning assets.
4 Presented on a fully tax-equivalent basis, a non-U.S. GAAP financial measure.
5 Noninterest expense as a percentage of net interest income and noninterest income.
6 Noninterest expense as a percentage of average assets.
7 Ratio of charge-offs, less recoveries to total loans.
8 Information is related to Intercoastal Mortgage Company, LLC and Warp Speed Holdings, LLC, entities in which MVB has an ownership interest that are accounted for as equity method investments.
Non-U.S. GAAP Reconciliation: Net Interest Income and Net Interest Margin on a Fully Tax-Equivalent Basis
The following table reconciles, for the periods shown below, net interest income and net interest margin on a fully tax-equivalent basis:
| Three Months Ended · Nine Months Ended | |||||
|---|---|---|---|---|---|
| (Dollars in thousands) | September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 |
| Net interest margin - U.S. GAAP basis | |||||
| Net interest income | $32,596 | $32,274 | $26,573 | $93,322 | $79,029 |
| Average interest-earning assets | $3,227,205 | $3,125,209 | $2,986,453 | $3,154,094 | $2,930,263 |
| Net interest margin | 4.01% | 4.14% | 3.53% | 3.96% | 3.61% |
| Net interest margin - non-U.S. GAAP basis | |||||
| Net interest income | $32,596 | $32,274 | $26,573 | $93,322 | $79,029 |
| Impact of fully tax-equivalent adjustment | 140 | 119 | 180 | 382 | 544 |
| Net interest income on a fully tax-equivalent basis | $32,736 | $32,393 | $26,753 | $93,704 | $79,573 |
| Average interest-earning assets | $3,227,205 | $3,125,209 | $2,986,453 | $3,154,094 | $2,930,263 |
| Net interest margin on a fully tax-equivalent basis | 4.02% | 4.16% | 3.55% | 3.97% | 3.63% |
| Core net interest margin - non-U.S. GAAP basis | |||||
| Net interest income on a fully tax-equivalent basis | $32,736 | $32,393 | $26,753 | $93,704 | $79,573 |
| Less: interest income from non-recurring items | — | (2,272) | — | (2,272) | — |
| Core net interest income on a fully tax-equivalent basis | $32,736 | $30,121 | $26,753 | $91,432 | $79,573 |
| Average interest-earning assets | $3,227,205 | $3,125,209 | $2,986,453 | $3,154,094 | $2,930,263 |
| Adjusted net interest margin on a fully tax-equivalent basis | 4.02% | 3.87% | 3.55% | 3.88% | 3.63% |
Non-U.S. GAAP Reconciliation: Tangible Book Value per Common Share and Tangible Common Equity Ratio
(Unaudited) (Dollars in thousands, except per share data)
| September 30, 2026 | June 30, 2026 | September 30, 2025 | |
|---|---|---|---|
| Tangible Book Value per Common Share | |||
| Goodwill | $1,200 | $1,200 | $1,200 |
| Total intangibles | $1,200 | 1,200 | 1,200 |
| Total equity attributable to parent | $329,659 | 344,543 | 327,752 |
| Less: Total intangibles | (1,200) | (1,200) | (1,200) |
| Tangible common equity | $328,459 | $343,343 | $326,552 |
| Tangible common equity | $328,459 | $343,343 | $326,552 |
| Common shares outstanding (000s) | 13,003 | 12,947 | 12,570 |
| Tangible book value per common share | $25.26 | $26.52 | $25.98 |
| Tangible Common Equity Ratio | |||
| Total assets | $3,514,225 | $3,545,853 | $3,232,953 |
| Less: Total intangibles | (1,200) | (1,200) | (1,200) |
| Tangible assets | $3,513,025 | $3,544,653 | $3,231,753 |
| Tangible assets | $3,513,025 | $3,544,653 | $3,231,753 |
| Tangible common equity | $328,459 | $343,343 | $326,552 |
| Tangible common equity ratio | 9.3% | 9.7% | 10.1% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.