In Q3 FY2020 (ended September 30, 2020), MVB Financial Corp reported revenue of $1,792,000, a 189% increase year-over-year. Net income was $4,225,000, down 55.2% from the prior year. Diluted EPS was $0.39, up 44.4% year-over-year. Long-term debt stood at $29,924,000.
•Revenue surged 189% YoY to $1.79 million.
•Net income fell 55.2% YoY to $4.23 million.
•Diluted EPS grew 44.4% to $0.39.
•Long-term debt was $29.9 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
MVB Financial is bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. Its operations are structured into three segments: CoRe Banking, Mortgage Banking, and Financial Holding Company.
It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans lines of credit. The company provides debit cards. Its portfolio also includes cashier's checks, safe deposit rental facilities, and non-deposit investment services, as well as financial technology (Fintech) banking services
Fintech solutions for the gaming, payments, banking-as-a-service, and digital asset sectors. Its portfolio also includes fraud prevention services for merchants, credit agencies, Fintech companies, and vendors, and digital products and web and mobile applications for forward-thinking community banks, credit unions, digital banks, and Fintech companies. It operates full-service branches in West Virginia and Virginia. Founded in 1999, the company is based in Fairmont, West Virginia.
MVB Financial Corp. is a bank holding company for MVB Bank, Inc., providing financial services to individuals and corporate clients. Its operations are structured into three segments: CoRe Banking, Mortgage Banking, and Financial Holding Company. The company offers various deposit accounts such as demand deposit, savings, money market accounts, and certificates of deposit. It also provides commercial, consumer, and real estate mortgage loans, lines of credit, debit cards, cashier's checks, safe deposit rental facilities, and non-deposit investment services. Additionally, MVB Financial offers financial technology (Fintech) banking services, including solutions for gaming, payments, banking-as-a-service, and digital asset sectors. It also provides fraud prevention services for merchants, credit agencies, Fintech companies, and vendors, along with digital products and web/mobile applications for community banks, credit unions, digital banks, and Fintech companies.
Where is MVB Financial Corp. listed and in which currency?
MVB Financial Corp. is listed on the NasdaqCM exchange under the ticker symbol MVBF. Its shares are traded in US Dollars (USD), reflecting its primary operations in the United States. The company is headquartered in Fairmont, West Virginia, and its stock is available for trading on this major US exchange, providing liquidity and accessibility to investors.
What sector and industry does MVB Financial Corp. belong to?
MVB Financial Corp. operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank holding company, it focuses on providing banking and financial services primarily in West Virginia and Virginia. This classification indicates that it is a smaller-scale bank compared to national institutions, serving local communities and businesses with tailored financial products.
Where is MVB Financial Corp. headquartered and what markets does it serve?
MVB Financial Corp. is headquartered in Fairmont, West Virginia, United States. The company serves customers through full-service branches located in West Virginia and Virginia. Its market focus includes individuals and corporate clients in these regions, offering a range of traditional banking services. Additionally, through its Fintech banking services, MVB Financial serves a broader clientele, including gaming, payments, banking-as-a-service, and digital asset sectors, as well as providing fraud prevention and digital solutions to merchants, credit agencies, Fintech companies, and community banks nationwide.
How does MVB Financial Corp. generate revenue?
MVB Financial Corp. generates revenue primarily through its three business segments: CoRe Banking, Mortgage Banking, and Financial Holding Company. The CoRe Banking segment earns income from interest on loans (commercial, consumer, and real estate mortgage) and fees from deposit accounts and other banking services. The Mortgage Banking segment generates revenue from mortgage origination and servicing fees. The Financial Holding Company segment includes income from investments and other corporate activities. Additionally, MVB Financial earns revenue from its Fintech banking services, including fees from banking-as-a-service solutions for gaming, payments, and digital asset sectors, as well as fraud prevention services and digital product offerings for community banks, credit unions, and Fintech companies.