secwatch.observer — SEC 8-K summary
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Issuer:     MVB FINANCIAL CORP (MVBF)
CIK:        0001277902
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001277902-24-000136
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MVB Financial Q3 net income $2.1M ($0.16 EPS); digital asset wind-down hit EPS by $0.29
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- Net interest margin (FTE) 3.61%, down 14 bps QoQ; $0.3M brokered CD termination costs weighed on margin.
- Payments-related deposits surged 60.8% QoQ; total deposits rose 4.1% to $3.00B.
- Nonperforming loans increased to $28.6M (1.3% of loans) from $23.1M; provision for credit losses $1.0M.
- Capital ratios improved: CBLR 10.9%, Tier 1 Risk-Based 14.9%; tangible book value $23.20, up 2.2% QoQ.
- Total loans declined 1.6% QoQ to $2.17B; loan pipeline improved per management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1277902/000127790224000136/0001277902-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1277902/000127790224000136/mvbf-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001277902-24-000136

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