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Last $12.75 USD
Change Today 0.00 / 0.00%
Volume 900.0
MVBF On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

mvb financial corp (MVBF) Snapshot

Open
$12.90
Previous Close
$12.75
Day High
$12.90
Day Low
$12.75
52 Week High
06/24/14 - $17.00
52 Week Low
04/16/15 - $12.75
Market Cap
102.0M
Average Volume 10 Days
755.0
EPS TTM
--
Shares Outstanding
8.0M
EX-Date
12/12/14
P/E TM
--
Dividend
$0.08
Dividend Yield
0.62%
Current Stock Chart for MVB FINANCIAL CORP (MVBF)

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mvb financial corp (MVBF) Details

MVB Financial Corp., a financial holding company, through its subsidiaries, provides community banking services to individuals and corporate clients. Its deposit products include checking accounts, NOW accounts, money market and savings accounts, and time certificates of deposit. The company’s loan products comprise commercial and commercial real estate loans, residential real estate loans, home equity lines of credit, real estate construction loans, and consumer loans. It also provides debit cards and safe deposit rental facilities, as well as mortgage banking and wealth management services. In addition, the company offers non-deposit investment products through an association with a broker-dealer; and correspondent lending services for other community banks. Further, it provides insurance products, such as title, individual, commercial, employee benefits, and professional liability insurance products. The company offers its services through its walk-in offices, automated teller machines, drive-in facilities, and Internet and telephone banking. As of December 31, 2013, it operated nine full-service banking branches in Marion, Harrison, Monongalia, Jefferson, and Berkley counties, West Virginia, as well as loan production offices in Harrison and Kanawha Counties in West Virginia. MVB Financial Corp. was founded in 1997 and is based in Fairmont, West Virginia.

324 Employees
Last Reported Date: 03/16/15
Founded in 1997

mvb financial corp (MVBF) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $634.8K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $274.7K
Director, Chief Lending Officer of MVB Bank a...
Total Annual Compensation: $263.9K
Compensation as of Fiscal Year 2013.

mvb financial corp (MVBF) Key Developments

MVB Financial Corp. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

MVB Financial Corp. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income increased 5.6%, or $390,000 more than the prior quarter, reflecting the strong growth in net loans during the quarter. For the year, the company reported total net income of $2.08 million for the twelve months ended December 31, 2014, compared to net income of $4.0 million for the prior year, which included a one-time gain of $626,000 on the partial sale of a joint venture in 2013.  Full-year 2014 earnings include the impact of $1.6 million of interest expense on subordinated debt and related escrow balances, which was not present during 2013, as well as a $706,000 one-time expense related to management refining its calculation of interest rate locks to include the cost to originate loans.  For 2014, diluted earnings per share were $0.22, compared with $0.57 for the prior year. Net interest income grew 32.3%, or $6.9 million to $28.3 million, including $1.6 million in interest expense paid on subordinated debt and related escrow balance not present during 2013.

MVB Financial Corp. Declares Cash Dividend, Payable on December 31, 2014

The board of directors of MVB Financial Corp. has declared a cash dividend of $0.04 per share to shareholders of record at the close of business on December 16, 2014, payable December 31, 2014.

MVB Financial Corp. Announces Earnings Results for the Third Quarter Ended September 30, 2014

MVB Financial Corp. announced earnings results for the third quarter ended September 30, 2014. The company reported total net income of $537,000 in the quarter. Net Income was lower by 44.6%, or $432,000, compared to the second quarter of 2014, reflecting continued softness in the mortgage operation during the quarter, consistent with industry conditions. Net interest income grew 31.2%, or $1.6 million to $6.7 million even though being negatively impacted by $524,000 due to interest expense paid on subordinated debt that did not exist during third quarter 2013. Income before taxes was lower by $210,000 or 24.7%, compared to third quarter of 2013. However, excluding the increase in interest expense from MVB's recent successful capital raise, income before taxes would have reflected an increase of 36.1%, or $314,000, compared to the same quarter a year ago.

 

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MVBF Competitors

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Company Last Change
Community Bankers Trust Corp $4.46 USD +0.0099
Middleburg Financial Corp $18.30 USD -0.0073
Peoples Bancorp of North Carolina Inc $18.37 USD -0.03
Premier Financial Bancorp Inc $14.78 USD -0.1879
Summit Financial Group Inc $11.95 USD -0.0588
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Industry Analysis

MVBF

Industry Average

Valuation MVBF Industry Range
Price/Earnings 59.1x
Price/Sales 2.0x
Price/Book 1.1x
Price/Cash Flow 49.1x
TEV/Sales NM Not Meaningful
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