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Dec 31, 2021
Mvb Financial Q4 2021 Earnings Report
Announced fourth quarter results and record earnings for year-end 2021.
Key Takeaways
MVB Financial Corp. reported net income of $10.0 million, or $0.83 basic and $0.77 diluted earnings per share for the three months ended December 31, 2021. The results reflect the diversity of their tech-forward business model and strong positioning for the future.
Fintech and Gaming verticals power continued favorable remix of funding base with Noninterest-bearing deposits up 12% from September 30, 2021.
Total loans increased by $105.7 million, or 6%, compared to September 30, 2021.
MVB recorded income of $2.8 million related to a strategic investment within its Fintech investment portfolio.
Tangible book value per share was $22.17 as of December 31, 2021, an increase of 2% from September 30, 2021.
Forward Guidance
MVB now look to implement our new three-year plan, called ‘MVB F1,’ the details of which we look forward to discussing at our Investor Conference in Las Vegas on March 14 and 15, 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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