MVB Financial | 10-Q: FY2025 Q3 Revenue: USD 78.83 M

Revenue: As of FY2025 Q3, the actual value is USD 78.83 M.

EPS: As of FY2025 Q3, the actual value is USD 1.32, beating the estimate of USD 1.1375.

EBIT: As of FY2025 Q3, the actual value is USD -3.146 M.

CoRe Banking Segment

• Net Interest Income: $26,573 thousand for the three months ended September 30, 2025, compared to $26,585 thousand for the same period in 2024.
• Provision for Credit Losses: $4,427 thousand for the three months ended September 30, 2025, compared to $959 thousand for the same period in 2024.
• Net Income: $17,136 thousand for the three months ended September 30, 2025, compared to $2,156 thousand for the same period in 2024.

Mortgage Banking Segment

• Noninterest Income: $34,612 thousand for the three months ended September 30, 2025, compared to $6,657 thousand for the same period in 2024.
• Gain on Divestiture Activity: $34,086 thousand for the three months ended September 30, 2025.

Financial Holding Company Segment

• Total Assets: $3,232,953 thousand as of September 30, 2025, compared to $3,128,704 thousand as of December 31, 2024.
• Total Liabilities: $2,905,201 thousand as of September 30, 2025, compared to $2,822,913 thousand as of December 31, 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $19,003 thousand for the nine months ended September 30, 2025, compared to $10,262 thousand for the same period in 2024.
• Net Cash Used in Investing Activities: -$101,585 thousand for the nine months ended September 30, 2025, compared to $114,939 thousand provided in the same period in 2024.
• Net Cash Provided by Financing Activities: $64,711 thousand for the nine months ended September 30, 2025, compared to $87,481 thousand for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: MVB Financial Corp. plans to continue focusing on CoRe Banking and Fintech Banking, leveraging its expertise in operational risk management and compliance to serve corporate Fintech clients, particularly in the gaming, payments, and banking-as-a-service industries.
• Non-Core Business: The company executed an asset purchase agreement to sell substantially all assets and operations of Victor Technologies, Inc. to Jack Henry & Associates, recording a $34.1 million pre-tax gain associated with the sale.