NASDAQ$MVBF
Mvb Financial Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Announced financial results for the second quarter of 2023.
MVB Financial Corp. reported a net income of $8.1 million, or $0.64 basic and $0.63 diluted earnings per share for the second quarter of 2023. The company took decisive action following the market events of March 2023, maintaining a strong balance sheet liquidity position and enhancing its risk management and compliance infrastructure.
- Total deposits declined 6.1% compared to the prior quarter-end, primarily reflecting seasonal considerations in gaming and BaaS deposits, offset by growth in CDs and other interest-bearing deposits.
- Total off-balance sheet deposits increased to $1.1 billion as compared to $1.0 billion at the prior quarter-end.
- Nonperforming loans totaled $13.6 million, or 0.6% of total loans.
- Net interest income on a fully tax-equivalent basis declined 9.6% to $29.8 million relative to the prior quarter.
Headline financials
Revenue & EPS history
Mvb Financial · Revenue · Quarterly
$36M
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 2023
+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