MVB Financial Corp
ir.mvbbanking.comWhat Do They Do?
Provides commercial and retail banking services, including loans, deposit accounts and debit cards, to consumers, businesses and financial technology companies.
10-K for FY2025, filed Mar 12, 2026We conduct a wide range of business activities through the Bank, primarily commercial and retail (“CoRe”) banking services, as well as…View ↗
CoRe BankingView ↗
We provide innovative strategies to independent banking and corporate clients throughout the United States. Our dedicated Fintech team…View ↗
How Do They Make Money?
The Bank earns interest on loans and investment securities and collects account-service and card transaction fees. Account fees are charged periodically or for specific activity, and payments are usually received immediately or the following month; card transaction fees are typically received immediately or the following month.
10-K for FY2025, filed Mar 12, 2026The Company's CoRe Banking segment, which includes its Fintech division, represents banking products and services offered to customers by…View ↗
The Company's primary sources of revenue are derived from interest and fees earned on loans, investment securities and other financial…View ↗
Payment Card and Service Charge IncomeView ↗
Interchange and debit card transaction fees are primarily comprised of interchange fees earned whenever the Bank’s debit and credit cards…View ↗
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10-K for FY2025, filed Mar 12, 2026
FY2025 revenue by reportable segment ↗
$175.3M
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10-K for FY2025, filed Mar 12, 2026
$175.3M ↗
| Segment | Share | Revenue |
|---|---|---|
|
CoRe Banking
|
100%
FY2022: 100%
|
CoRe Banking, FY2025
$175M Sources
|
|
Mortgage Banking
|
0.2%
FY2022: 0.3%
|
Mortgage Banking, FY2025
$413K Sources
|
|
Financial Holding Company
|
0.0%
FY2022: 0.1%
|
Financial Holding Company, FY2025
$8K Sources
|
Who Are Their Customers?
Individuals and businesses use MVB Bank for loans, deposits and card services; corporate financial technology companies nationwide receive banking services through its dedicated Fintech team.
10-K for FY2025, filed Mar 12, 2026CoRe BankingView ↗
We provide innovative strategies to independent banking and corporate clients throughout the United States. Our dedicated Fintech team…View ↗
Our primary market area for CoRe banking services encompasses North Central West Virginia and Northern Virginia, where we currently operate…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 15 cents of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
Growing. Revenue grew 2.1x in 4 years, from $83.4M in FY2021 to $175.3M in FY2025, about 20% a year.
Sale of technology businesses
The older report described Victor's Fintech platform and Trabian's digital products; the latest report says Victor's assets and operations were sold and MVB's Trabian shares were repurchased.
10-K for FY2022, filed Mar 16, 2023 10-K for FY2025, filed Mar 12, 2026
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