MVB Financial Corp (MVBF) investor relations material

Executive summary

• Net income for Q2 2026 was $12.3M ($0.93/diluted share), up significantly year-over-year and sequentially, with diluted EPS rising 520% year-over-year.

• Achieved 51.6% year-over-year revenue growth in fintech banking and a 136% rise in net income (excluding one-time gains) compared to Q2 2025.

• Payments, gaming, and banking-as-a-service platforms drove deposit and fee income growth, with payments revenue showing a 102% CAGR from 2021 to Q2 2026.

• Continued investment in payments, AI, automation, and specialty lending to support long-term growth and operational efficiency.

• Resolved largest non-performing loan with full repayment and no loss, improving credit profile.

Financial highlights

• Net interest income rose to $32.4M, up 13.4% from Q1 2026; core net interest income up 5.5%.

• Net interest margin expanded 43 bps to 4.16%; core NIM up 14 bps to 3.87%.

• Loan growth of $323M (up 15%) and deposit growth of $307M (up 11%) year-over-year; fifth consecutive quarter of loan growth.

• Non-interest income reached $18.8M, including a $10M pre-tax gain on a fintech investment; core fee business up 7%.

• Payment card and service charge income up 29.1% year-over-year and 18% sequentially.

Outlook and guidance

• Expect loan growth to continue at $60M-$70M per quarter, with specialty lending contributing more in H2 2026.

• Core net interest margin expected to expand further in 2026, but at a slower pace.

• Non-interest revenue expected to grow long-term, though Q3 is typically seasonally softer.

• Expense levels anticipated to remain at or slightly below Q2 levels for the next few quarters.

• Positioned for continued fintech-driven growth with a robust pipeline of new partners and products.