NASDAQ$MVBF

Mvb Financial Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported net income driven by growth in noninterest-bearing deposits and loans.

MVB Financial Corp. reported a net income of $9.2 million, or $0.79 basic and $0.73 diluted earnings per share for the three months ended June 30, 2021. The company's financial technology and gaming initiatives drove continued transformation of MVB’s core funding profile.

  • Noninterest-bearing deposits increased 11% from March 31, 2021, and 76% from June 30, 2020.
  • Net interest income increased 9% compared to the quarter ended March 31, 2021, and 3% compared to the quarter ended June 30, 2020.
  • Tangible book value per share increased 3% from March 31, 2021, and 23% from June 30, 2020.
  • The release of allowance for loan losses totaled $1.5 million for the quarter ended June 30, 2021.

Headline financials

Total Revenue

$32.7M

Previous: $64M-48.9%
EPS (adj)

$0.73

Previous: $1.49-51.0%
Net Interest Margin

3.2%

Previous: 3.8%-14.3%
Community Bank Leverage Ratio

11.0%

No prior period
Tangible Book Value per Share

$20.54

No prior period
Capital Expenditures

-$652K

Previous: -$1.14M+42.6%
Free Cash Flow

$8.6M

Previous: $16.9M-49.1%
Net Income

$9.25M

Previous: $18M-48.7%
Operating Income

$23.8M

Previous: $47M-49.2%
Gross Profit

$31.2M

Previous: $57.5M-45.7%
Cash & Equivalents

$333M

Previous: $78.9M+322.0%
Total Assets

$2.73B

Previous: $2.22B+23.4%
Stock-Based Comp

$692K

Previous: $627K+10.4%

Revenue & EPS history

Mvb Financial · Revenue · Quarterly

$32.7M

Q2 2021-48.9%vs Q2 2020
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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

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