MVB Financial
Combines regional banking with nationwide fintech banking for payments, banking-as-a-service, and gaming.
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Profile
Operates MVB Bank across commercial and retail banking, mortgage-linked earnings, and nationwide fintech banking. A compact branch footprint in West Virginia and Virginia supports deposits and loans, while payments, banking-as-a-service, and gaming relationships depend on disciplined compliance and operational-risk controls.
Operates mainly through MVB Bank, with CoRe Banking as the center of the model. Commercial and retail banking provide deposits, commercial loans, consumer credit, residential real estate lending, debit-card services, and other branch-bank products.
Serves local markets in North Central West Virginia and Northern Virginia through a small branch network, while the fintech banking team works with corporate clients nationwide. Payments, banking-as-a-service, and gaming programs add fee and deposit relationships beyond the regional bank footprint.
Mortgage Banking reflects equity-method exposure to Intercoastal Mortgage Company and Warp Speed Holdings, not a fully consolidated mortgage unit. The business depends on bank-regulatory, operational-risk, and compliance capacity around fintech partners, with recent portfolio cleanup leaving Victor and Trabian outside the active operating base.
Company facts
Categories
Key statistics
Year to date +19.3% · Average volume (30d) 52.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Oct 7, 2025 | Raymond James | Target | $20 | $30 | ||
| Jul 14, 2025 | Hovde Group | Upgrade | Market Perform | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.34 | $0.93 | +174.0% | $36.9M | $39.8M | +7.8% | +3.76% |
| Apr 29, 2026Q1 FY26 | $0.37 | $0.39 | +5.4% | $37.7M | $36.7M | −2.8% | +1.24% |
| Feb 12, 2026Q4 FY25 | $0.31 | $0.32 | +3.2% | $35.1M | $39.1M | +11.2% | −1.68% |
| Oct 29, 2025Q3 FY25 | $0.29 | −$0.24 | −182.8% | $35.1M | $42.4M | +20.5% | +0.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $49.3M | $48.0M | $42.4M | $56.4M | $53.0M | $67.4M | |
| Gross profit | $32.6M | $29.4M | $20.3M | $37.1M | $34.8M | $46.4M | |
| Operating income | $4.8M | $3.2M | $23.4M | $5.5M | $6.7M | $16.0M | |
| Net income | $3.6M | $2.0M | $17.1M | $4.2M | $5.2M | $12.3M | |
| Diluted EPS | $0.27 | $0.15 | $1.32 | $0.32 | $0.39 | $0.93 | |
| Gross margin | 66.1% | 61.3% | 47.9% | 65.8% | 65.7% | 68.9% | |
| Operating margin | 9.7% | 6.6% | 55.3% | 9.7% | 12.6% | 23.7% |
Fiscal years (4-quarter sums)FY21 $117.8M · FY22 $155.3M · FY23 $213.0M · FY24 $227.4M · FY25 $196.0M
Balance sheet, Jun 30, 2026Cash & short-term investments $312.6M · Total debt $57.8M · Total assets $3.55B · Shareholders' equity $344.5M
Dividends
Raised for 16 straight years — most recently to $0.17 from $0.15 in Feb 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 15 | $0.17 | |
| Feb 27, 2026 | Mar 1 | Mar 15 | $0.17 | |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.17 | |
| Aug 29, 2025 | Sep 1 | Sep 15 | $0.17 | |
| May 30, 2025 | Jun 1 | Jun 15 | $0.17 | |
| Feb 28, 2025 | Mar 1 | Mar 15 | $0.17 | |
| Nov 29, 2024 | Dec 1 | Dec 15 | $0.17 | |
| Aug 30, 2024 | Sep 1 | Sep 15 | $0.17 |
Ownership
Shares outstanding 12.85M · Float 11.79M · 91.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Wellington Management Group LLP | 1.76M | 13.72% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 1.04M | 8.09% | 13F | Aug 7, 2026 |
| Larry F. Mazza · director, officer: President & CEO | 733.4K | 5.71% | Form 4 | May 5, 2026 |
| Bay Pond Partners, L.P. | 728.4K | 5.60% | 13G | Jul 23, 2025 |
| Dimensional Fund Advisors LP | 533.0K | 4.15% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Adam Francis Famularo | director | +1,835 | |
| Dec 5, 2025 | Richard James JR Cordella | director | +500 | $27.70 |
| Nov 3, 2025 | Michael Robert Sumbs | officer: Chief Financial Officer | +2,000 | $26.00 |
Peers
- The Bancorp
Private-label fintech banking and specialty lending overlap
- Pathward Financial
Sponsor-bank payments and commercial finance overlap
- Coastal Financial
Community bank plus CCBX BaaS platform overlap
- Customers Bancorp
Digital banking, fintech lending, and mortgage finance overlap
- United Bankshares
Larger WV and Mid-Atlantic regional banking overlap
- City
West Virginia deposit, loan, and branch-market overlap
- Burke & Herbert Financial Services
Northern Virginia and West Virginia community banking overlap
- Rocket Companies
Mortgage origination and servicing economics overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MVB Financial | $30.43 | +0.20% | $391.0M | 10.3 | 14.6 | 1.8 | +25.4% |
| The Bancorp | $65.70 | −0.05% | $2.74B | 12.3 | 9.5 | 3.6 | −24.0% |
| Pathward Financial | $81.50 | +0.12% | $1.72B | 10.2 | 8.7 | 2.1 | −3.1% |
| Coastal Financial | $48.48 | +0.23% | $739.3M | — | 10.0 | 0.9 | +54.6% |
| Customers Bancorp | $78.58 | 0.00% | $2.66B | 9.6 | 8.7 | 1.8 | +12.4% |
| United Bankshares | $47.60 | +0.01% | $6.56B | 13.0 | 12.7 | 3.6 | +6.0% |
| City | $143.46 | +0.03% | $2.02B | 15.7 | 15.2 | 5.3 | +7.7% |
| Burke & Herbert Financial Services | $71.71 | 0.00% | $1.44B | 11.5 | 8.5 | 3.3 | +24.6% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| Median | 12.3 | 9.7 | 3.4 | +10.1% |