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21.05.25 - 14:36
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MVB Financial Corp. Declares Second Quarter 2025 Dividend (Business Wire)
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FAIRMONT, W.Va.--(BUSINESS WIRE)--#banking--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 June 1, 2025, payable on June 15, 2025. This is the second quarterly dividend for 2025.
“MVB's first quarter results reflect tangible progress following the strategic repositioning of our business model over the past year,” said Larry F. Mazza, CEO, MVB. “Our best-in-class funding profile supported meaningful expansion in our net interest margin and growth in net interest income. I'm encouraged by our first quarter performance and confident in MVB's ability to adapt, execute and deliver 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 leadi...
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19.05.25 - 14:36
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MVB Financial Corp. Announces Stock Repurchase Program (Business Wire)
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FAIRMONT, W.Va.--(BUSINESS WIRE)--#banking--The Board of Directors of MVB Financial Corp. (“MVBF” or “MVB Financial”) (Nasdaq: MVBF) today announced the authorization of a stock repurchase program of up to $10 million of MVB's common stock.
MVB intends to begin repurchasing stock in May 2025, and the stock repurchase program will expire upon the expenditure of $10 million, when terminated or otherwise completed. Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by MVB's management and in accordance with the regulations of the Securities and Exchange Commission. The timing of purchases and the number of shares repurchased under the stock repurchase program will depend on a variety of factors including price, trading volume, market conditions and corporate and regulatory requirements.
“MVB's strong capital position provides the opportunity to execute this stock repurchase program, ...
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30.04.25 - 22:33
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MVB Financial Corp. Announces First Quarter 2025 Results (Business Wire)
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FAIRMONT, W. Va.--(BUSINESS WIRE)--#banking--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 2025, with reported net income of $3.6 million, or $0.28 basic and $0.27 diluted earnings per share.
First Quarter 2025 Highlights
Net interest margin up 20 bps, to 3.63%, from the prior quarter.
Net interest income up 7.1% from the prior quarter.
Noninterest expense down 14.6% from the prior quarter.
Noninterest bearing deposits represent 40.0% of total deposits.
Asset quality indicators improved, and capital strength was further enhanced.
Book value per share and tangible book value per share increased
1.4% and 2.1% to $23.94 and $23.85, respectively, from the prior quarter.
From Larry F. Mazza, Chief Executive Officer, MVB Financial:
“MVB's first quarter results reflect tangible progress following the strategic repositioning of our business model over t...
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28.02.25 - 14:33
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MVB Financial Corp. Names Vic Maculaitis as Director (Business Wire)
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FAIRMONT, W.Va.--(BUSINESS WIRE)--#banking--The Board of Directors of MVB Financial Corp. (“MVBF” or “MVB Financial”) (Nasdaq: MVBF) has announced the appointment of Vic Maculaitis as a Member of the Board.
“With more than 20 years of professional experience as an industry leader, entrepreneur and business operator with niche experience in the Financial Crime Risk and Compliance industry, Vic's expertise will be an asset to the Board as MVB continues to execute our strategic plan,” said W. Marston “Marty” Becker, Chairman, MVBF Board of Directors.
Maculaitis is the Founder and Managing Partner of i3strategies®️, a leading market research and strategy consultant with global clients across private equity/venture capital, professional services/tech and finance.
Maculaitis's career began with the U.S. Government in 2002. Upon moving to the private sector, Maculaitis, at 28, was recruited into his first board-appointed BSA/AML Officer role at a $20 billion bank holding company in Chicago. ...
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19.02.25 - 14:33
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MVB Financial Corp. Declares First Quarter 2025 Dividend (Business Wire)
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FAIRMONT, W.Va.--(BUSINESS WIRE)--#banking--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 o...
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13.02.25 - 22:39
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MVB Financial Corp. Announces Fourth Quarter and Full Year 2024 Results (Business Wire)
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FAIRMONT, W.Va.--(BUSINESS WIRE)--#banking--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 fourth quarter and year ended December 31, 2024, with reported net income of $9.4 million, or $0.73 basic and $0.72 diluted earnings per share for the three months ended December 31, 2024.
Fourth Quarter 2024 Highlights
Net income was $9.4 million, an increase of $7.4 million from prior quarter.
Noninterest bearing deposits represent 34.9% of total deposits.
Tangible book value per share of $23.37, up 0.7% from the prior quarter.
Capital strength further enhanced.
MVB names Jeffrey Weidley as Chief Deposit Officer and Joe Rodriguez as Chief Risk Officer.
From Larry F. Mazza, Chief Executive Officer, MVB Financial:
“While the fourth quarter presented financial challenges, MVB continued to adapt and narrow our strategic focus, positioning the company for long-term succes...
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