| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Interest and fees on loans | 36,009 | 35,293 | ||
| Interest on deposits with banks | 4,396 | 3,592 | ||
| Interest on investment securities | 3,144 | 2,829 | ||
| Interest on tax-exempt loans and securities | 671 | 670 | ||
| Total interest income | 44,220 | 42,384 | ||
| Interest on deposits | 16,836 | 15,783 | ||
| Interest on short-term borrowings and repurchase agreements | 14 | 24 | ||
| Interest on subordinated debt | 797 | 797 | ||
| Interest on senior term loan | 0 | 0 | ||
| Total interest expense | 17,647 | 16,604 | ||
| Net interest income | 26,573 | 25,780 | ||
| Provision for credit losses | 4,427 | 1,990 | ||
| Gain on divestiture activity | - | 0 | ||
| Net interest income after provision for credit losses | 22,146 | 23,790 | ||
| Payment card and service charge income | 3,753 | 4,653 | ||
| Insurance income | 87 | 80 | ||
| Gain (loss) on sale of available-for-sale securities, net | -7,495 | 90 | ||
| Gain on sale of equity securities, net | 0 | 118 | ||
| Gain (loss) on sale of loans, net | 0 | -80 | ||
| Holding gain on equity securities | 857 | -374 | ||
| Compliance and consulting income | 56 | 6 | ||
| Equity method investments income | 2,395 | 2,315 | ||
| Gain on sale of subsidiary | 34,086 | - | ||
| Loss on disposal of assets | -47 | -15 | ||
| Other operating income | 920 | 1,152 | ||
| Total noninterest income | 34,612 | 7,945 | ||
| Salaries and employee benefits | 21,399 | 15,801 | ||
| Occupancy expense | 1,260 | 1,299 | ||
| Equipment depreciation and maintenance | 803 | 900 | ||
| Data processing and communications | 1,458 | 1,332 | ||
| Software costs | 1,213 | - | ||
| Professional fees | 2,954 | 3,481 | ||
| Insurance, tax and assessment expense | 920 | 1,078 | ||
| Travel, entertainment, dues and subscriptions | 751 | 2,195 | ||
| Other operating expenses | 2,573 | 2,483 | ||
| Total noninterest expense | 33,331 | 28,569 | ||
| Income before income taxes | 23,427 | 3,166 | ||
| Income taxes | 6,291 | 1,164 | ||
| Net income, before noncontrolling interest | 17,136 | 2,002 | ||
| Net (income) loss attributable to noncontrolling interest | 0 | 0 | ||
| Net income available to common shareholders, basic | 17,136 | 2,002 | ||
| Earnings per common shareholder - basic (in dollars per share) | 1.36 | 0.16 | ||
| Earnings per common shareholder - diluted (in dollars per share) | 1.32 | 0.15 | ||
| Weighted-average shares outstanding - basic (in shares) | 12,615,475 | 12,912,113 | ||
| Weighted-average shares outstanding - diluted (in shares) | 13,010,527 | 13,121,436 | ||
MVB FINANCIAL CORP (MVBF)
MVB FINANCIAL CORP (MVBF)