earnings
confidence high
sentiment neutral
materiality 0.65
MVB Financial Q1 net income $3.6M ($0.27 diluted EPS); NIM expands 20 bps to 3.66% FTE
MVB FINANCIAL CORP
2025-Q1 EPS reported
$0.27
- Net interest margin (FTE) rose 20 bps QoQ to 3.66%; net interest income up 7.1% to $26.9M.
- Noninterest expense fell 14.6% QoQ to $28.7M on lower salaries and professional fees.
- Loans declined 1.8% to $2.06B; deposits fell 4.1% to $2.58B; NIB deposits were 40% of total.
- Nonperforming loans down 17.6% to $20.3M (1.0% of loans); net charge-offs $0.9M (0.2%).
- Tangible book value per share up 2.1% QoQ to $23.85; quarterly dividend $0.17/share unchanged.