---
schema_version: "secwatch.filing_event.v1"
accession: "0001277902-24-000028"
form_type: "8-K"
ticker: "MVBF"
cik: "0001277902"
company_name: "MVB FINANCIAL CORP"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:25:16.207685+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MVB Financial Q1 net income $4.5M; fintech fee income up 26% QoQ, NIM compresses to 3.83%

## Summary
- Net income of $4.5M ($0.34 diluted EPS); total revenue up 6.8% QoQ to $38.1M (non-GAAP).
- Fintech fee income (payment card/service charge) grew 26.3% QoQ and 33.3% YoY to $4.8M.
- Net interest margin (tax-equiv) fell 23 bps QoQ to 3.83%; cost of funds rose to 2.52%.
- Total deposits rose 8.4% QoQ to $3.15B; noninterest-bearing deposits up 16.2% to $1.39B.
- Nonperforming loans decreased 8.7% to $7.5M; net charge-offs of $1.3M vs $0.5M prior quarter.

## SEC filing metadata
- accession: 0001277902-24-000028
- form_type: 8-K
- ticker: MVBF
- cik: 0001277902
- company_name: MVB FINANCIAL CORP
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1277902/000127790224000028/0001277902-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1277902/000127790224000028/mvbf-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001277902-24-000028
- JSON: https://secwatch.observer/filing/0001277902-24-000028.json
- Plain text: https://secwatch.observer/filing/0001277902-24-000028.txt

## Key facts
- Earnings Releases
  MVB FINANCIAL CORP reported first quarter of 2024 results: net income $4.5 million, EPS $0.35 basic and $0.34 diluted earnings per share.
  - Period: first quarter of 2024
  - Net income: $4.5 million
  - EPS: $0.35 basic and $0.34 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 first quarter of 2024, with reported net income of $4.5 million, or $0.35 basic and $0.34 diluted earnings per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1277902/000127790224000028/0001277902-24-000028-index.htm

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