m_and_a
confidence high
sentiment positive
materiality 0.75
MVB Financial sells Victor Technologies to Jack Henry; expects ~$33M pre-tax gain
MVB FINANCIAL CORP
- Definitive asset purchase agreement closed Sep 30, 2025: MVB sells Victor Technologies to Jack Henry (JKHY).
- Expected pre-tax gain of ~$33M; transaction expected to be accretive to MVB's EPS.
- Victor processed billions in monthly payments; founded by MVB in 2021 and incubated.
- MVB maintains ongoing partnership; plans to use net proceeds for share repurchases, securities repositioning.
item 8.01item 9.01