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Jun 30, 2024
Mvb Financial Q2 2024 Earnings Report
Reported net income with strategic shifts for future growth.
Key Takeaways
MVB Financial Corp. reported a net income of $4.1 million, or $0.32 basic and $0.31 diluted earnings per share for Q2 2024. The results were impacted by the exit of digital asset program account relationships, which reduced EPS by $0.08. The company also renewed its partnership with Intuit-Credit Karma and appointed Jeremy Kuiper as Fintech President.
MVB renewed partnership agreement with Intuit-Credit Karma.
Jeremy Kuiper was appointed as Fintech President.
MVB initiated the process of winding down digital asset program account relationships, reducing EPS by $0.08.
Noninterest expense declined 4.2% from prior quarter.
Forward Guidance
MVB Financial has made forward-looking statements based on current expectations about the future and are subject to risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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