NASDAQ$MVBF

Mvb Financial Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2023 results with net income of $7.9 million.

MVB Financial Corp. reported a strong fourth quarter, with net income of $7.9 million, or $0.62 basic and $0.61 diluted earnings per share. The company saw improvements in net interest income and net interest margin, along with well-controlled expenses and accelerated Fintech-related fee income growth.

  • Net interest income increased by 4.2%, or $1.2 million.
  • Net interest margin improved by 17 bps to 4.04%.
  • Earnings per share increased 106.7% to $0.62.
  • Noninterest expense declined by 7.9%, or $2.4 million.

Headline financials

Total Revenue

$35.5M

Previous: $39.8M-10.6%
EPS (adj)

$0.61

Previous: $0.50+22.0%
Net Interest Margin

4.1%

Previous: 4.6%-11.2%
Nonperforming Loans / Total Loans

0.4%

No prior period
Community Bank Leverage Ratio

10.5%

Previous: 9.8%+6.8%
Tier 1 Risk-Based Capital Ratio

14.4%

Previous: 12.4%+16.1%
Total Risk-Based Capital Ratio

15.1%

Previous: 13.4%+12.7%
Tangible Book Value per Share

$22.43

Previous: $20.25+10.8%
Return on Average Assets

1.0%

No prior period
Return on Average Equity

11.6%

No prior period
Efficiency Ratio

79.6%

No prior period
Overhead Ratio

3.4%

No prior period
Equity to Assets

8.7%

No prior period
Net Loan Charge-Offs / Total Loans

0.1%

No prior period
Allowance for Credit Losses / Total Loans

0.9%

No prior period
Capital Expenditures

$474K

Previous: $311K+52.4%
Net Income

$7.91M

Previous: $6.51M+21.5%
Operating Income

$9.35M

Previous: $8.34M+12.1%
Stock-Based Comp

$86K

Previous: $698K-87.7%

Revenue & EPS history

Mvb Financial · Revenue · Quarterly

$35.5M

Q4 2023-10.6%vs Q4 2022
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

MVB is well-positioned to drive further improvement in earnings and profitability as market conditions begin to turn favorably.

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 Q4 2023

Historical avgQ4 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

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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