MVB Financial Corp (MVBF) investor relations material

Executive summary

• Net income for Q1 2026 rose 45% year-over-year to $5.2 million, with diluted EPS up 44.4%, reflecting strong core earnings, fintech-driven fee income, and operational execution.

• Achieved growth in loans, deposits, and non-interest income, while reducing expenses and improving efficiency through technology and AI investments.

• Continued transformation to a fintech-focused platform, with 39% of deposits from fintech sources and new partner launches.

• Maintained robust capital and liquidity, redeeming $40 million of subordinated debt and supporting balance sheet optimization.

• Balance sheet assets reached $3.3 billion, with a diversified revenue model combining traditional banking and fintech.

Financial highlights

• Net income for Q1 2026 was $5.2 million, up 45% year-over-year; diluted EPS was $0.39, up 44%; tangible book value per share was $25.98.

• Net interest income increased 7% and non-interest income rose 17% year-over-year; net interest margin was 3.71%.

• Gross loans grew 16.5% year-over-year to $2.4 billion, with deposits up 12.1% to $2.9 billion.

• Non-interest expense decreased 2% year-over-year and 11% sequentially due to efficiency initiatives.

• Payments revenue posted a 102% CAGR (2021–2025), with deposits in payments vehicle growing at 43% CAGR.

Outlook and guidance

• Expect continued momentum in profitability, with strong pipelines for loans and deposits and further fintech partnership expansion.

• Anticipate further margin expansion as CD repricing and runoff reduce funding costs.

• Ongoing investments in technology and AI expected to drive efficiency and support long-term growth.

• Second quarter to benefit from a $10 million pre-tax gain on a fintech investment, increasing tangible book value by $0.59 per share.