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Dec 31, 2020
Mvb Financial Q4 2020 Earnings Report
Reported strong results and finished the year with record earnings.
Key Takeaways
MVB Financial Corp. reported a strong fourth quarter with a net income of $11.8 million, or $1.00 basic and $0.97 diluted earnings per share.
Noninterest-bearing deposits increased by 11.3% from the previous quarter and 157.0% year-over-year.
Allowance for loan losses to total loans was 1.8%.
Tangible Book Value per Share increased by 5.7% from the previous quarter and 29.8% year-over-year.
The company repurchased 668,390 shares totaling $13.1 million during the fourth quarter of 2020.
Forward Guidance
MVB is well positioned into 2021 with an extremely strong balance sheet, strong capital and liquidity positions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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