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Stock impact report

MVB Financial Corp. Declares Second Quarter 2024 Dividend [Yahoo! Finance]

MVB Financial Corp. (MVBF) 
NASDAQ:AMEX Investor Relations: ir.mvbbanking.com/corporateprofile
Company Research Source: Yahoo! Finance
cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of June 1, 2024, payable on June 15, 2024. This is the second quarterly dividend for 2024. "Amidst volatile market conditions in the first quarter of 2024, MVB made progress on several key initiatives. Most notably, we further solidified foundational measures of safety and soundness. Our balance sheet liquidity position and the quality of our funding mix improved; asset quality indicators were stable; commercial real estate concentrations remained well within regulatory guidelines; and measures of capital strength were maintained. We also remained proactive in investing at a higher-than-normal pace to contend with changing regulatory requirements following the industry events of early 2023. These higher costs, alongside other cyclical and seasonal challenges, weighed on our earnings for the first quarter," said Larry F. Mazza, Chief Executive Officer, MVB. "At Show less Read more
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