MVB Financial Corp. Announces First Quarter 2024 Results
MVB Financial Corp. (MVBF)
NASDAQ:AMEX Investor Relations:
ir.mvbbanking.com/corporateprofile
Company Research
Source: Business Wire
FAIRMONT, W.Va.--(BUSINESS WIRE)--MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the first quarter of 2024, with reported net income of $4.5 million, or $0.35 basic and $0.34 diluted earnings per share.First Quarter 2024 Highlights As Compared to Fourth Quarter 2023Total revenue increased 6.8%, or $2.4 million.Fintech fee income grew 26.3%, or $1.0 million.Noninterest bearing deposits increased 16.2%, or $193.8 million, and represent 44% of total deposits.Nonperforming loans declined 8.7%; Measures of asset quality and capital strength were stable.Book value per share and tangible book value per share, a non-GAAP financial measure,each increased by 0.2% to $22.73 and $22.48, respectively.From Larry F. Mazza, Chief Executive Officer, MVB Financial:“Turbulence in financial markets and the banking sector persisted during the first quarter of 2024. Amidst these vol
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MVBF
News
- MVB Financial Corp. (NASDAQ: MVBF) was downgraded by analysts at Hovde Group from an "outperform" rating to a "market perform" rating. They now have a $21.00 price target on the stock.MarketBeat
- MVB Financial Corp. (NASDAQ: MVBF) had its price target lowered by analysts at Hovde Group from $27.00 to $23.00. They now have an "outperform" rating on the stock.MarketBeat
- MVB Financial Corp. (NASDAQ: MVBF) had its price target lowered by analysts at JPMorgan Chase & Co. from $28.00 to $25.00. They now have an "overweight" rating on the stock.MarketBeat
- MVB Financial Corp. Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- MVB Financial Corp. (NASDAQ: MVBF) had its price target lowered by analysts at JPMorgan Chase & Co. from $30.00 to $28.00. They now have an "overweight" rating on the stock.MarketBeat
MVBF
Earnings
- 4/29/24 - Miss
MVBF
Sec Filings
- 5/7/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 5/3/24 - Form 4
- MVBF's page on the SEC website