earnings
confidence high
sentiment positive
materiality 0.75
MVB Financial Q3 net income $17.1M; Victor sale $34.1M gain; repositioning to add $0.30-$0.35 EPS
MVB FINANCIAL CORP
2025-Q3 EPS reported
$1.73
- Net income $17.1M ($1.36 basic, $1.32 diluted EPS); gain on Victor sale $34.1M pre-tax.
- Securities repositioning: sold $72.5M (1.7% yield), $7.6M loss; reinvested $70.8M at 5.1% yield; expects $0.30-$0.35 annualized EPS benefit.
- Net interest income (tax-eq) $26.8M, up 3.1% QoQ; loan growth 4.9% to $2.26B; deposits down 1% to $2.78B.
- Book value per share up 9.6% to $26.07; TBVPS up 9.7% to $25.98; completed $10M share repurchase at avg $21.15.
- Provision for credit losses $4.4M (vs $2.0M prior qtr); nonperforming loans 1.2% (up from 1.0%) due to one credit.
item 2.02item 9.01