MVB Financial Corp presents improving credit trends at annual meeting; NPL ratio drops to 0.33% in 2024

MVB FINANCIAL CORP

Non-performing loans / total loans improved to 0.33% in 2024, down from 0.94% in 2020.
Net charge-offs / average loans were 0.23% overall in 2024, better than peer average of 0.30%.
Allowance for credit losses / total loans stood at 1.01% in 2024 vs. 1.11% for peers.
Presentation shows growth in deposits and revenue from 2020-2024, driven in part by fintech deposits.

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