Rick Cordella
On June 4, 2025, the Board of Directors of MVB Financial Corp. (“MVB” or “MVB Financial”) (Nasdaq: MVBF) appointed Rick Cordella as a Member of the Board.
Highest-materiality recent filing
MVB Financial Q1 net income $5.2M ($0.39 EPS); loan growth 10.3% annualized; subsequent $10M gain
Net income $5.2M, diluted EPS $0.39; net interest income $28.5M, NIM 3.71%, cost of funds 2.17%.
Herrick resigned effective Feb 26, 2026, from MVB Financial and MVB Bank boards.
MVB Financial Q4 2025 net income $4.2M ($0.32 EPS); net interest income up 6.8%, loans grow 3.7%
Net income $4.2M, $0.32 diluted EPS; net interest margin expanded 17bps to 3.70%.
MVB Financial Declares $0.17 Quarterly Dividend for Q4 2025
Quarterly cash dividend of $0.17 per share declared by Board of Directors, payable Dec 15, 2025 to holders of record Dec 1, 2025.
MVB Financial Q3 net income $17.1M; Victor sale $34.1M gain; repositioning to add $0.30-$0.35 EPS
Net income $17.1M ($1.36 basic, $1.32 diluted EPS); gain on Victor sale $34.1M pre-tax.
MVB Financial authorizes $10M stock repurchase program starting November 2025
Board authorized up to $10M in common stock repurchases beginning November 2025.
MVB Financial sells $73M in low-yield securities, expects $0.30-$0.35 EPS lift
Sold ~$73M book value of AFS securities (municipal, MBS, agency) with 1.70% weighted-average yield, 9.6-year life.
MVB Financial sells Victor Technologies to Jack Henry; expects ~$33M pre-tax gain
Definitive asset purchase agreement closed Sep 30, 2025: MVB sells Victor Technologies to Jack Henry (JKHY).
MVB Financial Q2 net income $2.0M; EPS $0.16 misses expectations; loan growth 4.4%
Net income of $2.0M ($0.16 diluted EPS); CEO says earnings fell short due to loan growth timing.
President/CFO Donald T. Robinson departs mutually, effective July 14, 2025; will assist transition for up to one year.
MVB Financial Q1 net income $3.6M ($0.27 diluted EPS); NIM expands 20 bps to 3.66% FTE
Net interest margin (FTE) rose 20 bps QoQ to 3.66%; net interest income up 7.1% to $26.9M.
MVB Financial Q4 2024 net income $9.4M, driven by $11.8M sale-leaseback gain
Net income $9.4M ($0.72 diluted EPS), up $7.4M from Q3; revenue boosted by $11.8M gain on sale-leaseback.
MVB Bank sells four retail branches for $17.6M in sale-leaseback; expects $11.8M gain
Aggregate purchase price of four properties is $17.6 million; pre-tax gain of approximately $11.8 million.
MVB Financial Q3 net income $2.1M ($0.16 EPS); digital asset wind-down hit EPS by $0.29
Net interest margin (FTE) 3.61%, down 14 bps QoQ; $0.3M brokered CD termination costs weighed on margin.
MVB Financial Q2 net income $4.1M; exits digital asset program, NPLs jump to 1.0%
Net income $4.1M ($0.31 diluted EPS); exit of digital asset program reduced EPS by $0.08.
Non-performing loans / total loans improved to 0.33% in 2024, down from 0.94% in 2020.
On June 4, 2025, the Board of Directors of MVB Financial Corp. (“MVB” or “MVB Financial”) (Nasdaq: MVBF) appointed Rick Cordella as a Member of the Board.
On February 28, 2025, the Board of Directors of MVB Financial Corp. (“MVB” or “MVB Financial”) (Nasdaq: MVBF) has announced the appointment of Vic Maculaitis as a Member of the Board.
The Board of Directors of MVB Financial Corp. (“MVB” or “MVB Financial”) (Nasdaq: MVBF) has announced the appointment of Glen W. Herrick as a Member of the Board.
On June 4, 2024, John C. Marion, Executive Vice President and Chief Risk Officer of MVB Financial Corp. (the “Company”) and its wholly owned bank subsidiary, MVB Bank, Inc. (the “Bank” together with the Company, collectively referred to as “MVB”), provided notice of his resignation from his position with MVB to pursue another employment opportunity with another company, with such resignation to be effective August 2, 2024.
Effective as of May 22, 2023 (the “Effective Date”), the Board of Directors (the “Board”) of MVB Financial Corp. (the “Company”) appointed John C. Marion, 54, as the Company’s Chief Risk Officer, as of the Effective Date.
On October 18, 2022, the Board of Directors of MVB Financial Corp. (“MVB”) expanded the Board of Directors (the “Board”) to nine and appointed Jan L. Owen as a director to fill the newly created vacancy, effective as of October 18, 2022.
On September 14, 2022, MVB Financial Corp. (the “Company”) issued a press release announcing the planned appointment of Steven E. Crouse as the Company’s Chief Financial Officer, with such appointment to be contingent upon, and effective following the closing of the previously announced acquisition of Integrated Financial Holdings, Inc. (“IFH”).
On August 25, 2022, Board Chairman David B. Alvarez notified MVB Financial Corp. (the “Company”) of his intent to retire, effective immediately, from the Board of Directors (the “Board”) of the Company, and the Company’s wholly-owned subsidiary, MVB Bank, Inc., as well as the from the boards of the Company’s other indirect subsidiaries on which Mr. Alvarez was a director.
As a result of Mr. Nall’s appointment as President of CoRe banking, the Bank’s current Chief Lending Officer, John T. Schirripa, will no longer be deemed an “officer” or an “executive officer” of the Company as defined in Rule 16a-1(f) and Rule 3b-7, respectively, under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
the Board of Directors of the Company (the “Board”) and the Company’s wholly-owned subsidiary, MVB Bank, Inc. (the “Bank”) appointed Donald T. Robinson, 46, the current Executive Vice President, Chief Financial Officer and Corporate Development Officer for the Company and the Bank, to succeed Larry F. Mazza as President of the Company and the Bank, effective January 27, 2022.
The Board of the Bank also appointed James Nalls, currently the Regional President for commercial and retail (“CoRe”) banking, as President of CoRe banking.
Also on January 27, 2022, the Board appointed John C. Marion, 54, the Company’s current Executive Vice President and Chief Risk Officer, as Chief Operating Officer of the Company, effective January 27, 2022.
Max materiality 0.80 · Median 0.50 · Most common event other_material