Welcome to our dedicated page for Mvb Finl news (Ticker: MVBF), a resource for investors and traders seeking the latest updates and insights on Mvb Finl stock.
MVB Financial Corp. (NASDAQ: MVBF) is a West Virginia-based bank holding company for MVB Bank, Inc., serving individuals and corporate clients in the Mid-Atlantic region and beyond. The MVBF news feed on Stock Titan aggregates the company’s press releases and market-moving updates, giving readers a single view into its banking operations, Fintech initiatives and capital actions.
Recent news from MVB Financial has covered quarterly financial results, including trends in net interest income, net interest margin, loan growth, deposit growth and noninterest income. The company regularly reports on asset quality metrics such as nonperforming loans, criticized loans, classified loans, net charge-offs and the allowance for credit losses, providing insight into its risk profile and credit performance.
Investors following MVBF will also find announcements on strategic transactions and balance sheet management. Notable examples include the sale of substantially all assets and operations of Victor Technologies, Inc., a Fintech company incubated within MVB, and the implementation of an investment securities repositioning strategy involving the sale and redeployment of available-for-sale securities. These updates explain how MVB seeks to enhance earnings, manage interest rate risk and optimize capital.
The news stream further highlights shareholder-focused actions such as recurring quarterly cash dividends and stock repurchase programs authorized by the Board of Directors. Governance and leadership developments, including executive transitions and new appointments in key finance roles, are disclosed through both press releases and Form 8-K filings. By monitoring this page, readers can track how MVB Financial communicates its strategy across core banking, Fintech incubation, capital management and corporate governance over time.
MVB Financial (NASDAQ: MVBF) implemented an investment securities repositioning, selling approximately $73 million in available-for-sale securities with a weighted-average tax-equivalent yield of 1.70% and weighted-average life of 9.6 years.
The sales comprised $49M municipal securities, $15M U.S.-sponsored mortgage-backed securities, and $9M U.S. government agency securities, producing a pre-tax loss of about $7.6M to be recognized in Q3 2025. The bank intends to redeploy proceeds into higher-yielding securities aligned with its risk and asset/liability objectives.
Management expects the repositioning, together with expense efficiencies from the sale of Victor Technologies, to add approximately $0.30–$0.35 to annualized earnings per share. The company said the loss should be neutral to consolidated shareholders' equity and tangible book value per share, and regulatory capital ratios are expected to remain well above well-capitalized thresholds.
MVB Financial Corp. (NASDAQ: MVBF) has announced the sale of its fintech subsidiary Victor Technologies to Jack Henry & Associates (NASDAQ: JKHY). The transaction, which closed on September 30, 2025, is expected to generate a pre-tax gain of approximately $33 million for MVB.
Victor Technologies, founded in 2021 and incubated within MVB, processes billions of dollars in payments monthly. The deal includes a strategic partnership allowing MVB to continue participating in Victor's growth while gaining access to Jack Henry's network of 7,400 clients. The transaction is expected to be accretive to MVB's earnings per share through improved cost structure and lower overhead expenses.
The sale provides MVB with flexibility to pursue balance sheet and capital management strategies, including potential securities portfolio repositioning and share repurchases.
Jack Henry (Nasdaq: JKHY) has announced the acquisition of Victor Technologies from MVB Financial Corp, strengthening its position in the Payments-as-a-Service (PaaS) market. Victor Technologies, a cloud-native payments solution provider, processes billions in monthly payments and is already integrated with Jack Henry's SilverLake core system.
The PaaS market is projected to grow from $19.1 billion in 2025 to $43.9 billion in 2029, with a CAGR of 23.1%. Victor's platform offers real-time payment processing, virtual ledgering, and supports various payment types including disbursements, receivables, cross-border transactions, and e-commerce.
The acquisition is expected to be minimally dilutive to GAAP EPS through fiscal 2027 and become accretive in fiscal 2028.
MVB Financial Corp. (NASDAQ: MVBF) has announced its third quarterly dividend for 2025, declaring a cash dividend of $0.17 per share. The dividend will be paid on September 15, 2025, to shareholders of record as of September 1, 2025.
CEO Larry F. Mazza highlighted the company's strong second quarter performance, noting accelerated loan growth and impressive deposit growth of 8.5% despite seasonal headwinds. The company maintains a positive outlook on its business momentum and commitment to delivering long-term shareholder value.
MVB Financial Corp. (NASDAQ: MVBF) reported Q2 2025 net income of $2.0 million, or $0.16 and $0.15 per basic and diluted share. The quarter showed positive operational trends with 4.4% loan growth and 8.5% deposit growth despite seasonal headwinds.
Key highlights include a 3.66% net interest margin, up three basis points, and a 13.4% increase in noninterest income. The company maintained strong capital positions with an 11.4% Community Bank Leverage Ratio and actively repurchased 314,580 shares for $6.4 million at an average cost of $20.28 per share.
Asset quality improved with criticized loans declining 16.6% to $112.9 million, representing 5.2% of total loans. The company maintained a quarterly cash dividend of $0.17 per share.
MVB Financial Corp. (NASDAQ: MVBF) announced significant leadership changes effective July 14, 2025. Donald T. Robinson will step down from his position as President and CFO after 15 years with the company to pursue other opportunities. Current CEO Larry F. Mazza will reassume the role of President while maintaining his CEO duties.
The company has appointed Michael R. Sumbs as Executive Vice President and CFO, bringing over 15 years of financial institutions experience from Raymond James, Macquarie Capital, and other firms. Additionally, Jonathan T. Logan, a CPA previously with William Penn Bank, joins as Chief Accounting Officer. Mr. Robinson will remain available for consulting throughout the next year to ensure a smooth transition.
MVB Financial Corp. (MVBF) has announced a quarterly cash dividend of $0.17 per share for the second quarter of 2025. The dividend will be paid on June 15, 2025, to shareholders of record as of June 1, 2025. This dividend maintains the same level as the previous quarter. CEO Larry F. Mazza highlighted the company's strong first quarter performance, noting improvements in net interest margin and net interest income growth, attributing these positive results to their strategic business model repositioning and robust funding profile.
MVB Financial Corp. (NASDAQ: MVBF) has announced a new $10 million stock repurchase program for its common stock. The program is set to commence in May 2025 and will continue until the full amount is spent or the program is terminated. The company will conduct purchases through various means including open-market transactions, block trades, and privately negotiated deals, subject to SEC regulations. The timing and volume of repurchases will be influenced by factors such as price, trading volume, and market conditions. CEO Larry F. Mazza highlighted that MVB's strong capital position enables this initiative, reinforcing their commitment to enhancing shareholder value.
MVB Financial reported Q1 2025 net income of $3.6 million, with earnings per share of $0.28 basic and $0.27 diluted. The quarter showed significant improvements with net interest margin rising 20 basis points to 3.63% and net interest income increasing 7.1% from the previous quarter.
Key highlights include:
- Noninterest expense decreased 14.6%
- Noninterest bearing deposits represent 40% of total deposits
- Book value per share increased 1.4% to $23.94
- Total deposits were $2.58 billion, down 4.1% from previous quarter
- Loan balances declined 1.8% to $2.06 billion
- Asset quality improved with nonperforming loans decreasing to 1.0% of total loans
The bank maintained strong capital ratios with Community Bank Leverage Ratio at 10.9% and declared a quarterly cash dividend of $0.17 per share. Off-balance sheet deposits grew 6.9% to $1.52 billion, demonstrating MVB's strategic focus on capital efficiency and liquidity management.
MVB Financial Corp. (Nasdaq: MVBF) has appointed Vic Maculaitis to its Board of Directors. Maculaitis brings over 20 years of professional experience as an industry leader in Financial Crime Risk and Compliance. He is the Founder and Managing Partner of i3strategies®️, a market research and strategy consultancy serving global clients.
Maculaitis's career trajectory includes serving as a BSA/AML Officer at a $20 billion Chicago-based bank holding company at age 28, followed by management roles at Zions Bancorporation, First Republic Bank, and Banc of California. His educational background includes Executive Education in Corporate Governance from Harvard Business School, alumni status at UCLA Anderson's School of Management, and undergraduate degrees from Walsh University and The University of Akron.