---
schema_version: "secwatch.filing_event.v1"
accession: "0001277902-22-000099"
form_type: "8-K"
ticker: "MVBF"
cik: "0001277902"
company_name: "MVB FINANCIAL CORP"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:26:20.243621+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MVB Financial Q3 net income $2.7M, EPS $0.21; announces 12% expense reduction plan

## Summary
- Net income of $2.7M, down from $11.8M in Q3 2021; diluted EPS $0.21 vs $0.92 a year ago.
- Net interest income (tax-equiv) $30.1M, up 11.8% QoQ and 55.1% YoY on loan growth and margin expansion.
- Total deposits $2.70B, up 3.1% QoQ; noninterest-bearing deposits 52% of total.
- Loans $2.47B, up 11.6% QoQ; provision for loan losses $5.1M (flat QoQ).
- Targeting 12% reduction in annualized Q3 noninterest expense base; 75% of savings by Q1 2023.

## SEC filing metadata
- accession: 0001277902-22-000099
- form_type: 8-K
- ticker: MVBF
- cik: 0001277902
- company_name: MVB FINANCIAL CORP
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1277902/000127790222000099/0001277902-22-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1277902/000127790222000099/mvbf-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001277902-22-000099
- JSON: https://secwatch.observer/filing/0001277902-22-000099.json
- Plain text: https://secwatch.observer/filing/0001277902-22-000099.txt

## Key facts
- Earnings Releases
  MVB FINANCIAL CORP reported third quarter of 2022 results: net income $2.7 million, EPS $0.22 basic and $0.21 diluted earnings per share.
  - Period: third quarter of 2022
  - Net income: $2.7 million
  - EPS: $0.22 basic and $0.21 diluted earnings per share
  - Result: reported results
  source text: MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the third quarter of 2022, with reported net income of $2.7 million, or $0.22 basic and $0.21 diluted earnings per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1277902/000127790222000099/0001277902-22-000099-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.