MVB FINANCIAL CORP
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 2026
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)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| OPERATING ACTIVITIES | ||
| Net income, before noncontrolling interest | $17,873 | $22,697 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Net (accretion) and amortization of investments | (1,576) | 515 |
| Net amortization of deferred loan costs | 1,916 | 1,074 |
| Provision for credit losses | 16,478 | 6,594 |
| Depreciation and amortization | 1,230 | 2,156 |
| Stock-based compensation | 2,010 | 2,923 |
| Holding (gain) loss on equity securities | (10,698) | (217) |
| Loss (gain) on sale of available-for-sale securities, net | 26 | 7,447 |
| Gain on sale of equity securities, net | (926) | (118) |
| Gain on sale of loans held-for-investment | (146) | 149 |
| Gain on divestiture activity | — | (34,694) |
| Loss on sale of other real estate owned | 84 | 179 |
| Income on bank-owned life insurance | (1,717) | (942) |
| Deferred income taxes | (60) | 39 |
| Equity method investments income | (5,457) | (5,355) |
| Changes in other assets | (16,124) | 19,728 |
| Changes in other liabilities | (22,240) | (3,172) |
| Net cash (used in) provided by operating activities | (19,327) | 19,003 |
| INVESTING ACTIVITIES | ||
| Purchases of available-for-sale investment securities | (91,211) | (103,520) |
| Net maturities/paydowns of available-for-sale investment securities | 31,256 | 102,007 |
| Sales of available-for-sale investment securities | 5,000 | 30,910 |
| Proceeds from termination of interest rate swap | 330 | — |
| Purchases of premises and equipment | (615) | (1,407) |
| Disposals of premises and equipment | — | 205 |
| Net change in loans | (184,529) | (190,845) |
| Proceeds from the sale of loans held-for-investment | 3,343 | 27,678 |
| Proceeds from sale of other real estate owned | 35 | 1,988 |
| Purchase of bank-owned life insurance | — | (13,065) |
| Purchase of equity securities | (2,207) | (2,050) |
| Proceeds from sale of equity securities | 1,750 | 769 |
| Return on equity method investments | 654 | — |
| Proceeds from divestiture, net | — | 45,745 |
| Net cash used in investing activities | (236,194) | (101,585) |
| FINANCING ACTIVITIES | ||
| Net change in deposits | 245,706 | 81,261 |
| Net change in repurchase agreements | 1,365 | 216 |
| Redemption of subordinated debt | (40,000) | — |
| Proceeds from revolving line of credit | 20,000 | — |
| Deferred financing fees | (178) | — |
| Repurchases of common stock | (1,238) | (10,018) |
| Common stock options exercised | 3,724 | 230 |
| Withholding cash paid in lieu of restricted stock | (1,465) | (432) |
| Cash dividends paid on common stock | (6,561) | (6,546) |
| Net cash provided by financing activities | 221,353 | 64,711 |
| Net change in cash and cash equivalents | (34,168) | (17,871) |
| Cash and cash equivalents, beginning of period | 244,125 | 317,913 |
| Cash and cash equivalents, end of period | $209,957 | $300,042 |
| Cash payments for: | ||
| Interest on deposits, repurchase agreements and borrowings | $49,765 | $54,374 |
| Income taxes, net of refunds | 14,906 | 5,108 |
| Supplemental disclosure of cash flow information: | ||
| Loans transferred to other real estate owned | $382 | $— |
| Unsettled proceeds from sale of available-for-sale securities | — | 64,883 |
| Change in unrealized holding losses on securities available-for-sale | (23,037) | 16,538 |
|---|---|---|
| Restricted stock units vested | 105 | 83 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.