---
schema_version: "secwatch.filing_event.v1"
accession: "0001277902-24-000114"
form_type: "8-K"
ticker: "MVBF"
cik: "0001277902"
company_name: "MVB FINANCIAL CORP"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:39:19.521951+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MVB Financial Q2 net income $4.1M; exits digital asset program, NPLs jump to 1.0%

## Summary
- Net income $4.1M ($0.31 diluted EPS); exit of digital asset program reduced EPS by $0.08.
- Noninterest expense down 4.2% QoQ to $28.9M; net interest margin contracted 8 bps to 3.75%.
- Deposits fell 8.3% to $2.88B; noninterest bearing deposits declined 29.3% to $983.8M.
- Nonperforming loans surged to $23.1M (1.0% of loans) from $7.5M (0.3%), driven by one $14.6M multifamily construction loan.
- Tangible book value per share $22.70, up 1% QoQ; dividend unchanged at $0.17; capital ratios improved.

## SEC filing metadata
- accession: 0001277902-24-000114
- form_type: 8-K
- ticker: MVBF
- cik: 0001277902
- company_name: MVB FINANCIAL CORP
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1277902/000127790224000114/0001277902-24-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1277902/000127790224000114/mvbf-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001277902-24-000114
- JSON: https://secwatch.observer/filing/0001277902-24-000114.json
- Plain text: https://secwatch.observer/filing/0001277902-24-000114.txt

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