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 Income
(Unaudited) (Dollars in thousands, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| INTEREST INCOME | ||||
| Interest and fees on loans | $40,621 | $36,009 | $118,552 | $106,339 |
| Interest on deposits with banks | 2,850 | 4,396 | 8,170 | 12,722 |
| Interest on investment securities | 5,149 | 3,144 | 14,348 | 8,730 |
| Interest on tax-exempt loans and securities | 525 | 671 | 1,432 | 2,042 |
| Total interest income | 49,145 | 44,220 | 142,502 | 129,833 |
| INTEREST EXPENSE | ||||
| Interest on deposits | 15,860 | 16,836 | 46,795 | 48,301 |
| Interest on short-term borrowings and repurchase agreements | 16 | 14 | 70 | 112 |
| Interest on subordinated debt | 329 | 797 | 1,501 | 2,391 |
| Interest on revolving line of credit | 344 | — | 814 | — |
| Total interest expense | 16,549 | 17,647 | 49,180 | 50,804 |
| NET INTEREST INCOME | 32,596 | 26,573 | 93,322 | 79,029 |
| Provision for credit losses | 9,947 | 4,427 | 16,478 | 6,594 |
| Net interest income after provision for credit losses | 22,649 | 22,146 | 76,844 | 72,435 |
| NONINTEREST INCOME | ||||
| Payment card and service charge income | 5,238 | 3,753 | 16,332 | 13,391 |
| Insurance income | 3 | 87 | 57 | 235 |
| Loss on sale of available-for-sale securities, net | — | (7,495) | (26) | (7,447) |
| Gain on sale of equity securities, net | — | — | 926 | 118 |
| Gain (loss) on sale of loans, net | 146 | — | 146 | (149) |
| Change in fair value of financial instruments | (70) | 857 | 10,291 | 217 |
| Compliance and consulting income | — | 56 | — | 563 |
| Equity method investments income | 1,657 | 2,395 | 5,457 | 5,355 |
| Gain on divestiture activity | — | 34,086 | — | 34,694 |
| Loss on disposal of assets | — | (47) | — | (404) |
| Other operating income | 863 | 920 | 1,659 | 2,992 |
| Total noninterest income | 7,837 | 34,612 | 34,842 | 49,565 |
| NONINTEREST EXPENSES | ||||
| Salaries and employee benefits | 17,130 | 21,399 | 50,923 | 53,612 |
| Occupancy expense | 1,238 | 1,260 | 3,824 | 3,855 |
| Equipment depreciation and maintenance | 514 | 803 | 1,697 | 2,682 |
| Data processing and communications | 1,748 | 1,458 | 4,536 | 4,145 |
| Software costs | 1,992 | 1,213 | 5,049 | 3,545 |
| Professional fees | 1,873 | 2,954 | 7,048 | 10,016 |
| Insurance, tax and assessment expense | 1,084 | 920 | 3,214 | 2,955 |
| Travel, entertainment, dues and subscriptions | 857 | 751 | 2,815 | 2,122 |
| Other operating expenses | 3,411 | 2,573 | 9,263 | 7,669 |
| Total noninterest expense | 29,847 | 33,331 | 88,369 | 90,601 |
| Income before income taxes | 639 | 23,427 | 23,317 | 31,399 |
| Income taxes | 201 | 6,291 | 5,444 | 8,702 |
| Net income, before noncontrolling interest | 438 | 17,136 | 17,873 | 22,697 |
|---|---|---|---|---|
| Net loss attributable to noncontrolling interest | — | — | — | 18 |
| Net income attributable to parent | $438 | $17,136 | $17,873 | $22,715 |
| Earnings per common shareholder - basic | $0.03 | $1.36 | $1.39 | $1.77 |
| Earnings per common shareholder - diluted | $0.03 | $1.32 | $1.35 | $1.73 |
| Weighted-average shares outstanding - basic | 12,975,828 | 12,615,475 | 12,880,779 | 12,824,037 |
| Weighted-average shares outstanding - diluted | 13,282,953 | 13,010,527 | 13,209,658 | 13,099,196 |
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