MVB Financial Corp. reported a net income of $26.9 million for the fiscal year ending December 31, 2025, marking a significant increase from $20.1 million in 2024. This growth translates to earnings per share of $2.11, up from $1.56 the previous year. The company's total revenue for 2025 was $235.6 million, with net interest income declining slightly to $107.4 million, while noninterest income surged to $60.3 million, driven largely by a $34.2 million gain from the divestiture of Victor Technologies, Inc. The tax-equivalent yield on earning assets was reported at 5.95%, down from 6.22% in 2024, reflecting the impact of the current interest rate environment.

In terms of operational changes, MVB Financial executed a strategic divestiture of Victor Technologies in September 2025, which contributed to the notable increase in noninterest income. The company also sold its controlling interest in Trabian Technology in January 2025, further streamlining its operations. The Bank's total loans increased by $243 million to $2.34 billion, with commercial loans representing 72.9% of the total loan portfolio. The company continues to focus on expanding its presence in the gaming and fintech sectors, which are expected to provide stable, lower-cost deposits and noninterest income.

MVB Financial's customer base has shown growth, with total deposits reaching $2.84 billion, a 5.5% increase from the previous year. The company reported a significant rise in noninterest-bearing deposits, which accounted for 40.3% of total deposits as of December 31, 2025. The Bank's employee headcount stood at 403 as of the end of the year, reflecting its commitment to maintaining a strong workforce to support its expanding operations.

Looking ahead, MVB Financial expressed optimism about its growth trajectory, particularly in the fintech and gaming sectors, despite the challenges posed by fluctuating interest rates and economic conditions. The company is focused on enhancing its treasury services and compliance functions to support its banking-as-a-service initiatives. Management anticipates that these strategic developments will continue to bolster the Bank's financial performance and market position in the coming years.

About MVB FINANCIAL CORP

MVB Financial Corp. is a financial holding company operating primarily through its subsidiary, MVB Bank, offering commercial and retail banking services, including loans, deposits, and investment products. It serves regional West Virginia and Virginia markets, with a focus on fintech banking, providing digital solutions, fraud prevention, and technology development for fintech clients nationwide. Its business model emphasizes relationship banking, technological innovation, and diversified financial services.

This description was generated via AI from an annual report. Updated 8 months ago.

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