MVB Financial (NASDAQ: MVBF) holds $0.17 dividend as Q1 2026 earnings climb 40%
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
MVB Financial Corp. reported the results of its 28th Annual Meeting of Shareholders, where four director nominees were elected, executive compensation was approved on a non-binding basis, an amendment to the 2022 Stock Incentive Plan was approved, and the appointment of Forvis Mazars, LLP as independent auditor for 2026 was ratified.
The Board declared a quarterly cash dividend of $0.17 per share, payable on June 15, 2026, to shareholders of record on June 1, 2026, matching the prior quarter and marking the second dividend of 2026. The company highlighted a strong first quarter 2026, noting earnings were up over 40% year-over-year while reaffirming its focus on profitability and strategic fintech-driven growth.
Positive
- Earnings growth and dividend stability: MVB reported first quarter 2026 earnings up over 40% year-over-year while maintaining a quarterly cash dividend of $0.17 per share for the second quarter of 2026.
Negative
- None.
Insights
MVB pairs strong earnings growth with a steady dividend.
MVB Financial Corp. reported that first quarter 2026 earnings were up over 40% year-over-year, a robust growth signal for a regional bank with a fintech-focused model. At the same time, the Board kept the quarterly dividend at $0.17 per share, issuing the second dividend of 2026.
Maintaining the dividend level while earnings expand suggests capacity to support shareholder payouts alongside reinvestment in the business. The shareholder meeting also approved all key governance items, including director elections, executive pay on a non-binding basis, a 2022 Stock Incentive Plan share increase, and ratification of Forvis Mazars, LLP as the 2026 auditor.
The declared dividend is payable on June 15, 2026 to shareholders of record on June 1, 2026, giving a clear near-term cash return date. Future periodic reports will provide fuller detail on how sustained earnings growth aligns with ongoing dividend decisions and stock-based incentive usage.
8-K Event Classification
3 items: 5.07, 7.01, 9.01
3 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Quarterly dividend: $0.17 per share
Record date: June 1, 2026
Payment date: June 15, 2026
+5 more
8 metrics
Quarterly dividend
$0.17 per share
Second quarterly dividend for 2026, matching previous quarter
Record date
June 1, 2026
Shareholders of record receive the $0.17 dividend
Payment date
June 15, 2026
Scheduled payment date for Q2 2026 dividend
Earnings growth
Over 40% YoY
First quarter 2026 earnings versus prior-year quarter
Shares outstanding
12,844,813 shares
Outstanding voting shares of MVB common stock at meeting
Shares represented
9,637,070 shares
Shares present or by proxy, 75.03% of outstanding, at meeting
Say-on-pay vote For
6,567,830 shares
Votes for non-binding advisory approval of executive compensation
Auditor ratification For
9,582,211 shares
Votes for ratifying Forvis Mazars, LLP as 2026 auditor
Key Terms
non-binding, advisory basis, 2022 Stock Incentive Plan, independent registered public accounting firm, forward-looking statements, +2 more
6 terms
non-binding, advisory basis financial
"To approve on a non-binding, advisory basis, the compensation of our named executive officers."
2022 Stock Incentive Plan financial
"To amend the MVB Financial Corp. 2022 Stock Incentive Plan to increase the number of shares authorized"
independent registered public accounting firm financial
"To ratify the appointment of Forvis Mazars, LLP as the Company’s independent registered public accounting firm for 2026."
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
forward-looking statements regulatory
"MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995."
embedded finance financial
"MVB’s comprehensive platform includes money movement solutions across all modalities and embedded finance capabilities."
Embedded finance integrates financial services directly into the products or platforms people use daily, such as online shopping or business software. It allows users to access services like payments, loans, or insurance seamlessly within those platforms, making transactions faster and more convenient. For investors, it represents a way for companies to generate new revenue streams and deepen customer relationships through integrated financial offerings.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported): | |||||
| (Exact name of registrant as specified in its charter) | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | ||||
( | ||
| (Registrant's telephone number, including area code) | ||
| Not Applicable | ||
| (Former name or former address, if changed since last report) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 19, 2026 , MVB Financial Corp. ("MVB" or the "Company") held its 28th Annual Meeting of Shareholders as a virtual meeting via live webcast.
A total of 9,637,070, or 75.03%, of the 12,844,813 outstanding voting shares of MVB common stock were represented in person or by proxy, representing a quorum in accordance with the MVB Bylaws.
The results of the voting rounded to the nearest number of whole shares are as follows:
Proposal 1: "To elect the four director nominees named in the Proxy Statement."
The following votes were cast in the proposal regarding Director Nominees:
| Director Nominees | For | Withheld | Non-Votes | |||||||||||||||||
| Richard J. Cordella, Jr. | 7,428,044 | 129,450 | 2,079,576 | |||||||||||||||||
| Adam F. Famularo | 7,474,031 | 83,463 | 2,079,576 | |||||||||||||||||
| Larry F. Mazza | 7,469,837 | 87,657 | 2,079,576 | |||||||||||||||||
| Cheryl D. Spielman | 6,825,612 | 731,882 | 2,079,576 | |||||||||||||||||
Proposal 2: "To approve on a non-binding, advisory basis, the compensation of our named executive officers."
The following votes were cast:
| For | Against | Abstain | Non-Votes | |||||||||||||||||
| 6,567,830 | 973,346 | 16,318 | 2,079,576 | |||||||||||||||||
Proposal 3: "To amend the MVB Financial Corp. 2022 Stock Incentive Plan to increase the number of shares authorized for issuance under the Plan."
The following votes were cast:
| For | Against | Abstain | Non-Votes | |||||||||||||||||
| 5,951,155 | 1,585,077 | 21,262 | 2,079,576 | |||||||||||||||||
Proposal 4: "To ratify the appointment of Forvis Mazars, LLP as the Company’s independent registered public accounting firm for 2026."
The following votes were cast:
| For | Against | Abstain | Non-Votes | |||||||||||||||||
| 9,582,211 | 36,171 | 18,688 | — | |||||||||||||||||
Item 7.01. Regulation FD Disclosure.
On May 20, 2026, MVB Financial Corp. issued a press release announcing that its Board of Directors has declared a quarterly cash dividend of $0.17 per share to shareholders of record on June 1, 2026, payable June 15, 2026.
This is the second quarterly dividend for 2026, maintaining the dividend declared in the previous quarter.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release of MVB Financial Corp. dated May 20, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| MVB Financial Corp. | ||||||||
| By: | /s/ Michael R. Sumbs | |||||||
| Michael R. Sumbs Executive Vice President and Chief Financial Officer | ||||||||
Date: May 20, 2026
Exhibit 99.1
N E W S R E L E A S E
MEDIA CONTACT
Amy Baker
VP, Corporate Communications and Marketing
MVB Bank
abaker@mvbbanking.com
(304) 288-9540
INVESTOR RELATIONS
Marcie Lipscomb
mlipscomb@mvbbanking.com
(844) 682-2265
MVB Financial Corp. Declares Second Quarter 2026 Dividend
FAIRMONT, W.Va. (May 20, 2026) – MVB Financial Corp. (NASDAQ: MVBF) (“MVB” or the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per share, consistent with the previous quarter’s dividend. The dividend is payable on June 15, 2026, for shareholders of record as of June 1, 2026. This is the second quarterly dividend for 2026.
“MVB delivered a strong first quarter 2026, with earnings up over 40% year-over-year, and we are pleased to maintain our dividend to the benefit of our shareholders. Our commitment remains to maximize shareholder value through disciplined execution, continuous improvement of profitability metrics and strategic investments in high-return opportunities,” said Larry F. Mazza, President and Chief Executive Officer, MVB Financial.
About MVB Financial Corp.
MVB Financial Corp. (Nasdaq: MVBF) is an innovative bank powering Fintech solutions in payments, card issuance and online gaming programs for leading Fintech companies nationwide, while providing traditional retail and commercial banking services within established markets. MVB’s comprehensive platform includes money movement solutions across all modalities and embedded finance capabilities. MVB combines proven Fintech builder/incubator capabilities, innovative culture, regulatory expertise, core banking and AI-driven operational efficiency to enable Fintech partners to navigate complex regulatory requirements while accelerating time-to-market. For more information about MVB, please visit http://ir.mvbbanking.com.
Forward-looking Statements
MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as “may,” “could,” “should,” “would,” “will,” “plans,” “believes,” “estimates,” “expects,” “anticipates,” “intends,” “continues” or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity and credit risk; changes in market interest rates; inability to successfully execute business plans, including strategies related to investments in Fintech companies; competition; unforeseen events, such as pandemics or natural disasters, and any governmental or societal responses thereto; changes in economic, business and political conditions, including, without limitation, the imposition of international trade policies and any retaliatory responses thereto; changes in demand for loan products and deposit flow; changes in deposit classifications; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as its other filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov. Except as required by law, the Company disclaims any obligation to update, revise or correct any forward-looking statements.
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FAQ
What dividend did MVB Financial Corp. (MVBF) declare for the second quarter of 2026?
MVB Financial declared a quarterly cash dividend of $0.17 per share. It is payable on June 15, 2026, to shareholders of record as of June 1, 2026, and matches the previous quarter’s dividend.
How did MVB Financial Corp.’s first quarter 2026 earnings compare year-over-year?
MVB reported that first quarter 2026 earnings were up over 40% year-over-year. This indicates significantly stronger profitability compared with the same period in the prior year, supporting its decision to maintain the quarterly dividend.
Who will serve as MVB Financial Corp.’s independent auditor for 2026?
Shareholders ratified the appointment of Forvis Mazars, LLP as MVB Financial Corp.’s independent registered public accounting firm for 2026, with a strong majority of votes cast in favor of the ratification proposal.