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Dec 31, 2023
Mvb Financial Q4 2023 Earnings Report
Announced fourth quarter and full year 2023 results with net income of $7.9 million.
Key Takeaways
MVB Financial Corp. reported a strong fourth quarter, with net income of $7.9 million, or $0.62 basic and $0.61 diluted earnings per share. The company saw improvements in net interest income and net interest margin, along with well-controlled expenses and accelerated Fintech-related fee income growth.
Net interest income increased by 4.2%, or $1.2 million.
Net interest margin improved by 17 bps to 4.04%.
Earnings per share increased 106.7% to $0.62.
Noninterest expense declined by 7.9%, or $2.4 million.
Revenue by Segment
Forward Guidance
MVB is well-positioned to drive further improvement in earnings and profitability as market conditions begin to turn favorably.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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