MVB Financial highlights 55% payment revenue CAGR; fintech deposits grow 123% CAGR

MVB FINANCIAL CORP

Payment revenue $478K in 2024 (55% CAGR 2021-2024); avg payment deposits $7.67B (123% CAGR).
Gross fee income from fintech banking $15.3M in 2024, up from $1.3M in 2020 (86% CAGR).
Off-balance sheet deposits grew 31% YoY; total deposit base continues expanding.
NPL/Total Loans 0.36% vs peers 0.51%; NCOs remain low; ACL 0.94%.
Tier 1 leverage ratio 11.2%; tangible common equity 9.7% as of 2024.

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