NASDAQ$MVBF
Mvb Financial Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported net income for Q1 2024 with growth in fintech fee income and noninterest bearing deposits.
MVB Financial Corp. reported a net income of $4.5 million, or $0.35 basic and $0.34 diluted earnings per share for Q1 2024. The company saw an increase in total revenue driven by fintech fee income growth and a rise in noninterest bearing deposits. However, earnings were weighed down by higher costs related to regulatory compliance and cyclical challenges.
- Total revenue increased by 6.8%, or $2.4 million, compared to the previous quarter.
- Fintech fee income grew by 26.3%, or $1.0 million, compared to the previous quarter.
- Noninterest bearing deposits increased by 16.2%, or $193.8 million, now representing 44% of total deposits.
- Nonperforming loans declined by 8.7%, indicating stable asset quality.
Headline financials
Revenue & EPS history
Mvb Financial · Revenue · Quarterly
$38M
Forward guidance
The report does not include forward guidance. Therefore, the following sections are empty.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.0%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.3%
Avg return
30 days after
47%
26 / 55 earnings
Positive
+21.4%
Q4 2015
Best reaction
-8.5%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | +0.7% | +3.6% | |
| Q4 2025 | -1.7% | -0.9% | -10.5% | |
| Q3 2025 | +0.4% | -0.9% | +3.1% | |
| Q1 2025 | +3.1% | +3.8% | +10.7% | |
| Q4 2024 | +0.7% | -2.6% | -15.0% | |
| Q3 2024 | -7.3% | -7.8% | +5.3% | |
| Q2 2024 | -4.1% | -15.5% | -14.7% | |
| Q1 2024 | -8.5% | -5.7% | -9.5% | |
| Q4 2023 | +6.1% | +4.0% | -2.2% | |
| Q3 2023 | -2.2% | -2.1% | +1.3% | |
| Q2 2023 | +3.1% | +0.3% | -7.3% | |
| Q1 2023 | +9.2% | +1.8% | +8.3% | |
| Q4 2022 | +6.2% | +6.4% | -12.9% | |
| Q3 2022 | -0.9% | -1.3% | -5.7% | |
| Q2 2022 | -0.7% | +4.2% | -1.6% | |
| Q1 2022 | -0.2% | -1.3% | -8.9% | |
| Q4 2021 | +0.4% | -0.2% | +6.2% | |
| Q3 2021 | -0.1% | -1.6% | -3.1% | |
| Q2 2021 | +0.2% | -2.2% | -4.1% | |
| Q1 2021 | +1.4% | +1.9% | +5.8% | |
| Q4 2020 | +15.1% | +34.3% | +44.4% | |
| Q3 2020 | +10.0% | +10.0% | +28.8% | |
| Q2 2020 | +1.4% | +1.1% | +11.1% | |
| Q1 2020 | +11.6% | +5.5% | +17.3% | |
| Q4 2019 | +1.0% | -3.3% | -40.5% | |
| Q3 2019 | -1.0% | +0.1% | +6.6% | |
| Q2 2019 | +2.9% | -0.7% | +9.1% | |
| Q1 2019 | -0.5% | -1.3% | -4.5% | |
| Q4 2018 | -0.5% | -0.9% | -0.8% | |
| Q3 2018 | +0.8% | -2.0% | +1.0% | |
| Q2 2018 | -1.2% | -0.2% | +9.6% | |
| Q1 2018 | +0.1% | +1.2% | +2.2% | |
| Q4 2017 | +0.1% | -0.7% | -1.5% | |
| Q3 2017 | +0.2% | -1.6% | +1.8% | |
| Q2 2017 | +3.6% | +3.7% | +13.0% | |
| Q1 2017 | -0.9% | -0.9% | -0.9% | |
| Q4 2016 | +0.2% | +0.8% | -1.8% | |
| Q3 2016 | +0.0% | -0.5% | -1.9% | |
| Q2 2016 | +0.0% | +0.0% | +8.0% | |
| Q1 2016 | -5.7% | — | — | |
| Q4 2015 | +21.4% | — | — | |
| Q3 2015 | +0.0% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | +0.0% | — | — | |
| Q4 2014 | -4.7% | — | — | |
| Q3 2014 | +0.0% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +0.0% | — | — | |
| Q4 2013 | -1.7% | — | — | |
| Q3 2013 | -5.4% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +2.1% | — | — | |
| Q4 2012 | +2.1% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro