---
schema_version: "secwatch.filing_event.v1"
accession: "0001277902-23-000176"
form_type: "8-K"
ticker: "MVBF"
cik: "0001277902"
company_name: "MVB FINANCIAL CORP"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:02:10.353457+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MVB Financial Q3 net income $3.9M; NIM improves, but criticized loans jump to 6.1%

## Summary
- Net income $3.9M ($0.29 diluted EPS); net interest margin up 10 bps to 3.87%.
- Total deposits up 2.7% QoQ to $3.04B; noninterest-bearing deposits up 10.8%.
- Nonperforming loans down 22.4% to $10.6M, but criticized loans rose to 6.1% from 3.1%.
- Net charge-offs surged to $5.9M (1.0% annualized) vs $1.2M prior quarter, driven by one energy client.
- Noninterest expense up 1.5% to $30.7M on higher professional fees for compliance enhancements.

## SEC filing metadata
- accession: 0001277902-23-000176
- form_type: 8-K
- ticker: MVBF
- cik: 0001277902
- company_name: MVB FINANCIAL CORP
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1277902/000127790223000176/0001277902-23-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1277902/000127790223000176/mvbf-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001277902-23-000176
- JSON: https://secwatch.observer/filing/0001277902-23-000176.json
- Plain text: https://secwatch.observer/filing/0001277902-23-000176.txt

## Key facts
- Earnings Releases
  MVB FINANCIAL CORP reported the third quarter of 2023 results: net income net income of $3.9 million, EPS $0.30 basic and $0.29 diluted earnings per share.
  - Period: the third quarter of 2023
  - Net income: net income of $3.9 million
  - EPS: $0.30 basic and $0.29 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 2023, with reported net income of $3.9 million, or $0.30 basic and $0.29 diluted earnings per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1277902/000127790223000176/0001277902-23-000176-index.htm

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