MVB Financial Corp. Declares First Quarter 2025 Dividend

Rhea-AI Summary

MVB Financial Corp. (NASDAQ: MVBF) has announced its first quarterly dividend for 2025, declaring a cash dividend of $0.17 per share. The dividend will be payable on March 15, 2025, to shareholders of record as of March 1, 2025, maintaining the same dividend level as the previous quarter.

CEO Larry F. Mazza highlighted that Q4 2024 concluded a transitional year focused on simplifying growth strategy and strengthening the team. The company maintains a strategic focus on payments, aiming to deliver innovative solutions while supporting existing clients and growing revenue. Management expressed optimism about building loan pipelines and broader economic conditions.

Positive

• Maintained stable quarterly dividend of $0.17 per share
• Growing loan pipeline indicates potential business expansion
• Strategic focus on payments segment showing progress

Negative

• None.

FAIRMONT, W.Va.--(BUSINESS WIRE)-- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of March 1, 2025, payable on March 15, 2025. This is the first quarterly dividend for 2025.

“The fourth quarter marked the end of a pivotal transition year, during which we simplified our growth strategy and strengthened our team to make meaningful investments in the future,” said CEO Larry F. Mazza.

“Our laser focus on payments continues to drive meaningful progress, as we deliver innovative solutions to support our existing clients and grow revenue. With loan pipelines building and a renewed sense of optimism across the broader economy, MVB is well-positioned to adapt to future opportunities and create long-term value for our clients and stakeholders.”

About MVB Financial Corp.

MVB Financial Corp., the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its subsidiary, MVB Bank, Inc., and the Bank's subsidiaries, the Company provides banking services to Fintech clients throughout the United States. For more information about MVB, please visit http://ir.mvbbanking.com.

Forward-Looking Statements

MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as “may,” “could,” “should,” “would,” “will,” “plans,” “believes,” “estimates,” “expects,” “anticipates,” “intends,” “continues,” or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity, and credit risk; changes in market interest rates; impacts related to or resulting from recent bank failures and volatility; inability to achieve anticipated synergies and successfully integrate recent mergers and acquisitions; inability to successfully execute business plans, including strategies related to investments in Fintech companies; competition; the pace of recovery following the continued effects of the COVID-19 pandemic and its impact on the Company’s business and financial condition; changes in economic, business, and political conditions; changes in demand for loan products and deposit flow; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, as well as its other filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov. Except as required by law, the Company disclaims any obligation to update, revise, or correct any forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250219492954/en/

MEDIA CONTACT

Amy Baker

VP, Corporate Communications & Marketing

MVB Bank

abaker@mvbbanking.com

(844) 682-2265

INVESTOR RELATIONS

Marcie Lipscomb

mlipscomb@mvbbanking.com

(844) 682-2265

Source: MVB Financial Corp.

FAQ

What is MVB Financial's (MVBF) dividend amount for Q1 2025?

MVB Financial's dividend for Q1 2025 is $0.17 per share, payable on March 15, 2025, to shareholders of record as of March 1, 2025.

Has MVBF changed its dividend amount compared to the previous quarter?

No, MVB Financial maintained its quarterly dividend amount of $0.17 per share, keeping it consistent with the previous quarter.

What is the record date for MVB Financial's Q1 2025 dividend?

The record date for MVB Financial's Q1 2025 dividend is March 1, 2025.

What strategic focus did MVBF emphasize for future growth?

MVB Financial emphasized a strategic focus on payments, aiming to deliver innovative solutions while supporting existing clients and growing revenue.