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MVB Financial Corp. - MVBF STOCK NEWS

Welcome to our dedicated page for MVB Financial news (Ticker: MVBF), a resource for investors and traders seeking the latest updates and insights on MVB Financial stock.

MVB Financial Corp. (MVBF) is a prominent bank holding company headquartered in Fairmont, West Virginia. Specializing in community banking services, MVB caters to individuals and corporate clients across Berkeley, Harrison, Jefferson, and Marion counties. The company operates several branches within these regions, offering a wide range of financial products and services.

MVB Financial Corp. engages in three primary business segments: CoRe banking, mortgage banking, and the financial holding company. The CoRe banking segment, which is the company's main revenue driver, includes commercial and residential real estate mortgage loans, installment and commercial loans, and various deposit products such as checking and savings accounts, negotiable order of withdrawal (NOW) accounts, and certificates of deposit.

The mortgage banking segment provides innovative mortgage products designed to help clients pay off their homes sooner and at lower rates. Additionally, MVB Financial Corp. offers wealth management and insurance services, making it a comprehensive provider of personal and corporate financial solutions in the Mid-Atlantic region.

Recent achievements include significant growth in assets and expanding their service offerings to meet modern banking needs. Current projects focus on enhancing digital banking capabilities and offering high-interest checking accounts that are both free and convenient for users.

With a commitment to community-focused banking, MVB Financial Corp. ensures its customers have access to smart, convenient financial products. For more details, clients can visit their website at mostvaluablebank.com.

News

MVB Financial Corp. Declares Fourth Quarter 2023 Dividend

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MVB Financial Corp. (MVBF) declares a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2023, payable on December 15, 2023. This is the fourth quarterly dividend for 2023. CEO Larry F. Mazza emphasizes the company's strong foundation, optimized earnings power, improved liquidity position, and steps taken to enhance risk management and compliance infrastructure.
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MVB Bank Named One of American Banker’s 2023 Best Banks to Work For

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MVB Financial Corp. (NASDAQ: MVBF) has been recognized as one of American Banker Magazine’s Best Banks to Work For for the third consecutive year, placing number 16 among 90 U.S. banks. The ranking assesses employee satisfaction in areas including corporate culture, communications, training, and pay and benefits. MVB's CEO, Larry F. Mazza, attributes the accomplishment to the company's strategic Culture Initiative, emphasizing culture as part of MVB's corporate DNA. The program, initiated in 2013, aims to identify, recognize, and honor U.S. banks for outstanding employee satisfaction, especially significant during the current shift in workplace dynamics. The selection process involves evaluating workplace policies, practices, demographics, and conducting employee surveys to determine the final rankings.
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MVB Financial Corp. Announces Third Quarter 2023 Results

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MVB Financial Corp. reports net income of $3.9 million for Q3 2023, with balance sheet deposits increasing by $80.0M. Nonperforming loans decreased by $3.1M. Net interest margin improved by 10 bps to 3.87%. CEO expects growth and improved profitability in the long run.
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MVB Financial Corp. Declares Third Quarter 2023 Dividend

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MVB Financial Corp. (NASDAQ: MVBF) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend from the previous quarter. The dividend is payable on September 15, 2023, to shareholders of record as of September 1, 2023. The company took actions to enhance risk management and compliance infrastructure, de-risked its loan portfolio by selling a portion of subprime automobile loans, and maintained a strong balance sheet liquidity position. Despite increased funding costs and noninterest expenses, MVB Financial produced strong earnings for the second quarter. The CEO expressed confidence in the team's adaptability and the stability of the company's asset quality and liquidity.
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MVB Financial Corp. Announces Second Quarter 2023 Results

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MVB Financial Corp. reports Q2 2023 financial results with net income of $8.1 million. Balance sheet loan to deposit ratio is 78.1%. Off-balance sheet deposits increase to $1.1 billion. Total risk based capital is 14.9%.
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MVB Bank Announces Two Key Promotions on the Finance Team

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MVB Financial Corp. Declares Second Quarter 2023 Dividend

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MVB Financial Corp. and Integrated Financial Holdings, Inc. Announce Termination of Merger Agreement

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MVB Financial Corp. Announces First Quarter 2023 Results

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MVB Completes Sale of Chartwell to Ankura

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MVB Financial Corp. (NASDAQ: MVBF) announced the acquisition of its wholly-owned subsidiary, Chartwell Compliance, by Ankura Consulting Group. This strategic move highlights MVB's commitment to generating shareholder value while enabling Chartwell to expand its services within Ankura's Global Anti-Financial Crime Practice. Established in 2011, Chartwell has significantly grown under MVB, tripling its revenue and headcount since 2019. MVB CEO Larry F. Mazza emphasized that this relationship has strengthened internal compliance resources, and Chartwell will continue to serve MVB as a client post-acquisition.

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FAQ

What is the current stock price of MVB Financial (MVBF)?

The current stock price of MVB Financial (MVBF) is $21.25 as of December 20, 2024.

What is the market cap of MVB Financial (MVBF)?

The market cap of MVB Financial (MVBF) is approximately 257.9M.

What services does MVB Financial Corp. offer?

MVB Financial Corp. provides community banking, mortgage banking, insurance, and wealth management services to individuals and corporate clients.

Where is MVB Financial Corp. located?

MVB Financial Corp. is headquartered in Fairmont, West Virginia, with branches serving Berkeley, Harrison, Jefferson, and Marion counties.

What is the CoRe banking segment?

The CoRe banking segment includes commercial and residential real estate mortgage loans, installment loans, commercial loans, and various deposit products like checking and savings accounts.

How does MVB Financial Corp. support homebuyers?

MVB Financial Corp. offers innovative mortgage products that help clients pay off their homes sooner and at lower rates.

What makes MVB Financial Corp.'s checking accounts unique?

MVB Financial Corp. offers free, high-interest checking accounts that are both smart and convenient for users.

How can I learn more about MVB Financial Corp.'s services?

You can visit their website at mostvaluablebank.com for more information on their services and products.

What are the key segments of MVB Financial Corp.?

MVB Financial Corp. operates in three main segments: CoRe banking, mortgage banking, and the financial holding company.

Does MVB Financial Corp. offer wealth management services?

Yes, MVB Financial Corp. provides wealth management and insurance services to its clients.

What is the primary revenue source for MVB Financial Corp.?

The primary revenue source for MVB Financial Corp. is its CoRe banking segment.

What regions does MVB Financial Corp. serve?

MVB Financial Corp. serves clients in the Mid-Atlantic region, specifically within Berkeley, Harrison, Jefferson, and Marion counties in West Virginia.

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MVB Financial Corp.

Nasdaq:MVBF

MVBF Rankings

#3653 Ranked by Market Cap
#1003 Ranked by Dividends

MVBF Stock Data

257.90M
11.86M
8.37%
50.06%
0.4%
Banks - Regional
State Commercial Banks
Link
United States of America
FAIRMONT