MVB Financial Corp (MVBF) investor relations material

Strategic vision and business model

• Operates with a dual focus: a legacy commercial and retail bank and a rapidly growing fintech-driven technology platform.

• Emphasizes trusted partnerships, adaptability, and commitment to success as core values guiding all operations.

• Four main business lanes: legacy banking, fintech banking (payments, banking-as-a-service, gaming), fintech building, and fintech investing.

• Maintains a high proportion of non-interest-bearing deposits, supporting low-cost funding.

• Invested $22 million in compliance and risk infrastructure to support fintech growth and regulatory strength.

Fintech growth and technology investments

• Fintech segment includes partnerships with major players like Credit Karma, PayPal, and digital gaming companies such as DraftKings and FanDuel.

• Built and sold Victor, a fintech platform, to Jack Henry, retaining ongoing profit-sharing and usage.

• Holds investments in over 15 fintechs, with most also being business partners, generating both investment and operational income.

• Fintech pipeline expanded from onboarding 2 fintechs in 2024, 5 in 2025, to 20 in 2026, with a robust pipeline of 50+ prospects.

• AI initiatives have automated processes, reducing risk and compliance headcount from 160 to 116, targeting 90 by year-end.

Financial performance and capital allocation

• Assets have grown from $1.5 billion in 2017 to $3.5 billion in 2026, with a 10.5% CAGR.

• Net income rose 136% year-over-year in Q2 2026, driven by net interest and non-interest income growth.

• Payment card and service charge income, tied to fintech, increased 29% year-over-year in Q2.

• Tangible book value compounded at 9% annually over six years; including dividends, 11.5%.

• Maintains strong capital ratios and has shifted funding from high-cost CDs to lower-cost fintech deposits.