Associated tags: Mid-Atlantic (United States), MVB, Professional Services, Finance, Banking, Security (finance), Bank, Regulation, COVID-19, First Franklin Financial Corp.
Locations: UNITED STATES, NORTH AMERICA, WEST VIRGINIA
MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of June 1, 2024, payable on June 15, 2024.
Key Points:
- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of June 1, 2024, payable on June 15, 2024.
- This is the second quarterly dividend for 2024.
- “Amidst volatile market conditions in the first quarter of 2024, MVB made progress on several key initiatives.
- These higher costs, alongside other cyclical and seasonal challenges, weighed on our earnings for the first quarter,” said Larry F. Mazza, Chief Executive Officer, MVB.
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Capital,
Safety,
Risk,
MVB,
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As a service,
Growth,
NIB,
SBA,
Risk management,
Risk-weighted asset,
Fruit,
GAAP,
Bank MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the first quarter of 2024, with reported net income of $4.5 million, or $0.35 basic and $0.34 diluted earnings per share.
Key Points:
- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the first quarter of 2024, with reported net income of $4.5 million, or $0.35 basic and $0.34 diluted earnings per share.
- “Turbulence in financial markets and the banking sector persisted during the first quarter of 2024.
- The cost of funds was 2.52% for the first quarter of 2024, up from 2.44% for the fourth quarter of 2023 and 1.59% for the first quarter of 2023.
- The Company issued a quarterly cash dividend of $0.17 per share for the first quarter of 2024, consistent with the fourth quarter of 2023 and the first quarter of 2023.
Retrieved on:
Tuesday, February 20, 2024
MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of March 1, 2024, payable on March 15, 2024.
Key Points:
- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of March 1, 2024, payable on March 15, 2024.
- This is the first quarterly dividend for 2024.
- “MVB closed a challenging year for the banking industry with strong fourth quarter results.
- At the same time, expenses were well-controlled, Fintech-related fee income growth accelerated and measures of safety, soundness, foundational strength and shareholder value were improved and further enhanced,” said Larry F. Mazza, Chief Executive Officer, MVB Financial.
Retrieved on:
Wednesday, February 14, 2024
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Professional Services,
Finance,
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NIB,
MVB,
Risk-weighted asset,
Insurance,
Bank MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the fourth quarter and year ended December 31, 2023, with reported net income of $7.9 million, or $0.62 basic and $0.61 diluted earnings per share for the three months ended December 31, 2023.
Key Points:
- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the fourth quarter and year ended December 31, 2023, with reported net income of $7.9 million, or $0.62 basic and $0.61 diluted earnings per share for the three months ended December 31, 2023.
- The tax-equivalent yield on loans was 7.2% for the fourth quarter of 2023, compared to 7.0% for the third quarter of 2023 and 6.1% for the fourth quarter of 2022.
- The cost of funds was 2.44% for the fourth quarter of 2023, consistent with the third quarter of 2023 and up 144 basis points compared to the fourth quarter of 2022.
- Noninterest income totaled $4.4 million for the fourth quarter of 2023, a decrease of $1.4 million, or 23.4%, from the third quarter of 2023 and an increase of $1.0 million, or 29.2%, from the fourth quarter of 2022.
Retrieved on:
Tuesday, November 21, 2023
MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2023, payable on December 15, 2023.
Key Points:
- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2023, payable on December 15, 2023.
- This is the fourth quarterly dividend for 2023.
- “While market conditions remained volatile during the third quarter, Team MVB built upon our already strong foundation.
- “Since the industry disruption in March of this year, we took additional steps to enhance our risk management and compliance infrastructure in anticipation of changing industry requirements.
Retrieved on:
Monday, November 20, 2023
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Management MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB Financial”) (NASDAQ: MVBF) (collectively “MVB”), for the third consecutive year has been named one of American Banker Magazine’s Best Banks to Work For.
Key Points:
- MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB Financial”) (NASDAQ: MVBF) (collectively “MVB”), for the third consecutive year has been named one of American Banker Magazine’s Best Banks to Work For.
- “Through our strategic Culture Initiative, culture has become MVB’s secret sauce and part of our corporate DNA, mindset and behavior of Team MVB,” said Larry F. Mazza, CEO, MVB Financial.
- “Especially during this moment when companies are experiencing a shift in how, where and how much employees work, banks are paying attention to how they can best retain their people.”
The selection of the Best Banks to Work For is a two-step process managed by Best Companies Group.
- Full results of this year’s program are available at https://www.americanbanker.com/list/best-banks-to-work-for-2023 and in the November issue of American Banker Magazine.
Retrieved on:
Thursday, October 26, 2023
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Pharmaceutical industry,
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Cryptocurrency MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the third quarter of 2023, with reported net income of $3.9 million, or $0.30 basic and $0.29 diluted earnings per share.
Key Points:
- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the third quarter of 2023, with reported net income of $3.9 million, or $0.30 basic and $0.29 diluted earnings per share.
- The tax-equivalent yield on loans was 7.0% for the third quarter of 2023, compared to 6.7% for the second quarter of 2023 and 5.3% for the third quarter of 2022.
- The cost of funds was 2.43% for the third quarter of 2023, up from 2.26% for the second quarter of 2023 and 0.59% for the third quarter of 2022.
- The Company issued a quarterly cash dividend of $0.17 per share for the third quarter of 2023, consistent with the second quarter of 2023 and the third quarter of 2022.
Retrieved on:
Monday, September 11, 2023
Banking,
Professional Services,
Human Resources,
Finance,
Insurance,
DNA,
Financial services,
Culture,
Workplace,
Place,
MVB,
Great Places,
Environment,
100 Best Workplaces in Europe,
Nursing,
Management Great Place to Work® and Fortune magazine have honored MVB Bank, Inc. (“MVB Bank”) as one of the 2023 Best Medium Workplaces and 2023 Best Workplaces in Financial Services & Insurance.
Key Points:
- Great Place to Work® and Fortune magazine have honored MVB Bank, Inc. (“MVB Bank”) as one of the 2023 Best Medium Workplaces and 2023 Best Workplaces in Financial Services & Insurance.
- To determine the Best Medium Workplaces list, Great Place to Work® analyzed the survey responses of over 200,000 employees from Great Place to Work-Certified™ companies with 100 to 999 U.S. employees.
- In that survey, 94% of MVB’s Team Members said MVB is a great place to work – compared to 57% of employees at a typical U.S.-based company.
- MVB ranked number 9 on the list of 50 Best Small and Medium Workplaces in Financial Services & Insurance.
Retrieved on:
Thursday, August 17, 2023
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Finance,
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Growth,
Risk management,
First Franklin Financial Corp.,
CRE,
MVB,
FHLB,
Bank MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of September 1, 2023, payable on September 15, 2023.
Key Points:
- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of September 1, 2023, payable on September 15, 2023.
- This is the third quarterly dividend for 2023.
- “Following the market events of March 2023, we took quick and decisive action.
- These actions increased our funding costs and noninterest expenses during the second quarter, but helped to strengthen our foundation during a tumultuous period for the industry.
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Fed MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the second quarter of 2023, with reported net income of $8.1 million, or $0.64 basic and $0.63 diluted earnings per share.
Key Points:
- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the second quarter of 2023, with reported net income of $8.1 million, or $0.64 basic and $0.63 diluted earnings per share.
- The tax-equivalent yield on loans was 6.7% for the second quarter of 2023, compared to 6.6% for the first quarter of 2023 and 5.1% for the second quarter of 2022.
- The cost of funds was 2.26% for the second quarter of 2023, up from 1.61% for the first quarter of 2023 and 0.22% for the second quarter of 2022.
- The Company issued a quarterly cash dividend of $0.17 per share for the second quarter of 2023, consistent with the first quarter of 2023 and the second quarter of 2022.
