{"schema_version":"secwatch.filing_event.v1","accession":"0001277902-23-000153","form_type":"8-K","ticker":"MVBF","cik":"0001277902","company_name":"MVB FINANCIAL CORP","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.413926+00:00","generated_at":"2026-06-12T23:49:21.492372+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"MVB Financial Q2 2023 net income $8.1M; deposits down 6.1%, margin contracts 60bps","bullets":["Net income of $8.1M ($0.63 diluted EPS); NIM (tax-equivalent) fell 60bps QoQ to 3.80%.","Total deposits declined 6.1% ($191.9M) to $2.96B QoQ; NIB deposits down 12.9%.","Sold $20.4M subprime auto loans; allowance for credit losses released $4.2M vs provision of $4.6M in Q1.","Noninterest expense rose 6.9% to $30.3M on professional fees for risk/compliance build-out.","Off-balance sheet deposits grew to $1.1B; loan-to-deposit ratio 78.1%; no FHLB borrowings outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001277902-23-000153","json":"https://secwatch.observer/filing/0001277902-23-000153.json","markdown":"https://secwatch.observer/filing/0001277902-23-000153.md","text":"https://secwatch.observer/filing/0001277902-23-000153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1277902/000127790223000153/0001277902-23-000153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1277902/000127790223000153/mvbf-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T23:49:21.492372+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"377838e5b75ca69b34cfdaa8329fc6f67416149a","claim":"MVB FINANCIAL CORP reported second quarter of 2023 results: net income $8.1 million, EPS $0.64 basic and $0.63 diluted earnings per share.","evidence_excerpt":"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 second quarter of 2023, with reported net income of $8.1 million, or $0.64 basic and $0.63 diluted earnings per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1277902/000127790223000153/0001277902-23-000153-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"Net income","value":"$8.1 million"},{"label":"EPS","value":"$0.64 basic and $0.63 diluted earnings per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}