MVB Financial Corp (MVBF) investor relations material

Executive summary

• Q3 net income was $438,000, or $0.03 diluted EPS, as a $9.9 million credit-loss provision weighed on earnings.

• Net interest income and core FTE NIM strengthened; fintech payment deposits grew, while noninterest expense declined year over year.

• September 30, 2026 balances included $3.51 billion of assets, $2.52 billion of loans and $3.112 billion of deposits.

Financial highlights

• Q3 net interest income was $32.6 million, up from $26.6 million a year earlier; 9M net interest income rose 18.1% to $93.3 million.

• Core FTE NIM expanded 15 bps QoQ to 4.02%; Q2 included $2.3 million of nonrecurring interest income from a loan payoff.

• Noninterest income was $7.8 million vs. $18.8 million in Q2, which included a $10.0 million pretax Fintech investment gain; excluding that gain, income fell 10.5% QoQ.

• Noninterest expense declined 10.5% YoY to $29.8 million; payment card and service charge income rose 39.6% YoY to $5.2 million.

• Q3 PPNR was $10.6 million, up 715% YoY excluding the prior-year subsidiary-sale gain and securities repositioning loss.

Outlook and guidance

• Priorities include margin optimization, fintech partner onboarding, payment revenue growth, funding diversification and expense discipline into 2027.

• Management aims to replace 6.5%-7% yielding loans with comparable-risk loans yielding closer to 8.5%-9%; fintech payment deposits may help keep funding costs steady.

• A pipeline of nearly 50 fintechs supports onboarding; prioritizing established “lift and shift” clients may allow nearly 100% of revenue recognition upon onboarding.

• Management expects net charge-offs could remain near Q3 levels in Q4 as migrated nonperforming loans are worked through; resolution timing for the large AD&C credit remains uncertain.