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MVB Financial Corp. - MVBF STOCK NEWS

Welcome to our dedicated news page for MVB Financial (Ticker: MVBF), a resource for investors and traders seeking the latest updates and insights on MVB Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MVB Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MVB Financial's position in the market.

Rhea-AI Summary
MVB Financial Corp. (NASDAQ: MVBF) declares a quarterly cash dividend of $0.17 per share for shareholders of record as of March 1, 2024. The company closed a challenging year with strong fourth-quarter results, showing significant improvement in net interest margin and net interest income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
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dividends earnings
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Rhea-AI Summary
MVB Financial Corp. (MVBF) reported net income of $7.9 million for Q4 2023, with $0.62 basic and $0.61 diluted earnings per share. Highlights include a 4.2% increase in net interest income, 106.7% rise in earnings per share, and 2.1% loan growth. The company also saw improvements in asset quality measures and capital strength.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.39%
Tags
earnings
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Rhea-AI Summary
MVB Financial Corp. (MVBF) declares 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. CEO Larry F. Mazza emphasizes the company's strong foundation, optimized earnings power, improved liquidity position, and steps taken to enhance risk management and compliance infrastructure.
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dividends earnings
Rhea-AI Summary
MVB Financial Corp. (NASDAQ: MVBF) has been recognized as one of American Banker Magazine’s Best Banks to Work For for the third consecutive year, placing number 16 among 90 U.S. banks. The ranking assesses employee satisfaction in areas including corporate culture, communications, training, and pay and benefits. MVB's CEO, Larry F. Mazza, attributes the accomplishment to the company's strategic Culture Initiative, emphasizing culture as part of MVB's corporate DNA. The program, initiated in 2013, aims to identify, recognize, and honor U.S. banks for outstanding employee satisfaction, especially significant during the current shift in workplace dynamics. The selection process involves evaluating workplace policies, practices, demographics, and conducting employee surveys to determine the final rankings.
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Rhea-AI Summary
MVB Financial Corp. reports net income of $3.9 million for Q3 2023, with balance sheet deposits increasing by $80.0M. Nonperforming loans decreased by $3.1M. Net interest margin improved by 10 bps to 3.87%. CEO expects growth and improved profitability in the long run.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
earnings
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Rhea-AI Summary
MVB Financial Corp. (NASDAQ: MVBF) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend from the previous quarter. The dividend is payable on September 15, 2023, to shareholders of record as of September 1, 2023. The company took actions to enhance risk management and compliance infrastructure, de-risked its loan portfolio by selling a portion of subprime automobile loans, and maintained a strong balance sheet liquidity position. Despite increased funding costs and noninterest expenses, MVB Financial produced strong earnings for the second quarter. The CEO expressed confidence in the team's adaptability and the stability of the company's asset quality and liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
Tags
dividends earnings
Rhea-AI Summary
MVB Financial Corp. reports Q2 2023 financial results with net income of $8.1 million. Balance sheet loan to deposit ratio is 78.1%. Off-balance sheet deposits increase to $1.1 billion. Total risk based capital is 14.9%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.05%
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earnings
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5.61%
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Rhea-AI Summary
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End-of-Day
-4.09%
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dividends earnings
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Rhea-AI Sentiment
End-of-Day
5%
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acquisition
MVB Financial Corp.

Nasdaq:MVBF

MVBF Rankings

MVBF Stock Data

268.43M
11.74M
10.53%
48.7%
0.7%
Savings Institutions
Finance and Insurance
Link
US
Fairmont

About MVBF

we are a community bank based in fairmont wv. we have branches serving berkeley, harrison, jefferson, and marion county. we specialize in products that help you manage your business and your personal finances with ease. from innovative mortgage products that help you to pay off your home sooner and at a lower rate to free, high interest checking, we have products that are smart and convenient! check us out on the web at mostvaluablebank.com