Form 8-K

8-K — MVB FINANCIAL CORP

Accession: 0001277902-26-000090

Filed: 2026-10-29

Period: 2026-10-29

CIK: 0001277902

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — mvbf-20261029.htm (Primary)

EX-99.1 (q32026earningsrelease.htm)

GRAPHIC (mvbf.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

XML — IDEA: XBRL DOCUMENT (R2.htm)

8-K

8-K (Primary)

Filename: mvbf-20261029.htm · Sequence: 1

mvbf-20261029

FALSE000127790200012779022026-10-292026-10-29

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): October 29, 2026

MVB Financial Corp.

(Exact name of registrant as specified in its charter)

West Virginia

001-38314

20-0034461

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

301 Virginia Avenue, Fairmont, WV

26554-2777

(Address of principal executive offices) (Zip Code)

(304) 363-4800

(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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock, $1.00 par value MVBF The Nasdaq Stock Market LLC

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 2.02. Results of Operations and Financial Condition.

On October 29, 2026, MVB Financial Corp. issued a press release announcing its financial results for the quarter ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, is hereby furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release of MVB Financial Corp. dated October 29, 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: October 29, 2026

EX-99.1

Filename: q32026earningsrelease.htm · Sequence: 2

Document

Exhibit 99.1

N E W S R E L E A S E

MVB Financial Corp. Announces Third Quarter 2026 Results

Company to Host a Conference Call and Webcast at 5:00 PM ET

(FAIRMONT, WV) October 29, 2026 – MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. (“MVB Bank”), today announced financial results for the third quarter of 2026. The Fintech-enabled bank powering payments, banking-as-a-service and gaming programs for leading Fintech companies nationwide reported net income of $0.4 million, or $0.03 basic and $0.03 diluted income per share, for the third quarter of 2026.

Third Quarter 2026 Highlights

Net income of $0.4 million, or $0.03 per diluted share, primarily reflecting a $9.9 million provision for credit losses.

Net interest income up 1.0% to $32.6 million, and up 18.1% year-to-date.

Core fully tax equivalent (“FTE”) net interest margin, a non-U.S. GAAP financial measure1, up 15 basis points to 4.02%.

Total cost of funds down 6 basis points, to 2.07%.

Fintech Payments deposits increased to $766.0 million, representing a 28.1% increase, from the prior quarter period and a 55.4% increase, from the prior year period.

Payment Card and Service Charge income of $5.2 million, down 12.8% due to seasonality, but up 39.6% compared to the third quarter of 2025.

Onboarded four new fintech partners during the quarter, bringing YTD wins to nine new fintech partners.

Noninterest expense down 1.9%, to $29.8 million.

From Larry F. Mazza, President and Chief Executive Officer, MVB Financial:

“During the third quarter, we made tangible progress on several key initiatives that are strengthening our underlying business. Net interest income has increased 18% through the first nine months of the year, while core net interest margin expanded 15 basis points during the quarter to 4.02%. An important contributor to

1See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure later in the release.

that improvement has been the continued growth of our Fintech Payments deposit relationships. Payment related deposits increased 28% during the quarter to $766 million, representing nearly 25% of total deposits, as we have now onboarded nine new fintech partnerships year-to-date. This growth is further diversifying our funding base and reducing reliance on higher cost funding, which is particularly valuable in a rising interest rate environment. This shift helped drive a six basis point decline in our overall cost of funds during the quarter.

“We also took decisive action during the quarter to address specific credit exposures, resulting in an elevated provision for credit losses that had a significant impact on earnings. Nearly three quarters of the increase in nonperforming loans and almost half of the provision were attributable to one land loan involving borrower- and property-specific circumstances. We also continue to work through our legacy SBA portfolio, which we began winding down in 2022 and now totals approximately $23 million. Importantly, criticized loans have declined approximately 45% since early 2025, while our allowance for credit losses has nearly doubled. We believe this reflects meaningful progress in strengthening our overall credit risk profile, and we have not observed broader deterioration across the loan portfolio.

“Our payments business is also generating meaningful fee income growth, with payment card and service charge income up 22% through the first nine months of the year. Quarterly noninterest expense declined below $30 million, reflecting continued expense discipline. We believe our progress in funding diversification, payments revenue growth and operating efficiency is strengthening the foundation for improved financial performance.”

THIRD QUARTER 2026 HIGHLIGHTS

•Net Interest Income, Net Interest Margin and Balance Sheet Trends

•FTE net interest income, a non-U.S. GAAP financial measure1, totaled $32.7 million, an increase of $0.3 million, or 1.1%, from the prior quarter, reflecting continued loan growth and a lower overall cost of funds. Net interest income increased during the third quarter despite a $2.3 million nonrecurring interest income benefit recognized in the prior quarter.

•FTE net interest margin, a non-U.S. GAAP financial measure1, was 4.02%, compared with 4.16% in the prior quarter, primarily reflecting a $2.3 million nonrecurring interest income benefit recognized in the second quarter. Core FTE net interest margin, a non-U.S. GAAP financial measure1, increased 15 basis points from 3.87% to 4.02% during the third quarter.

•Total loan balances increased $43.8 million, or 1.8%, to $2.52 billion at September 30, 2026, marking the sixth consecutive quarter of loan growth.

1See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure later in the release.

•Total deposits were $3.09 billion as of September 30, 2026, down $23.6 million, or 0.8%, from the prior quarter-end. Noninterest bearing deposits decreased $73.2 million and represented 32.3% of total deposits, compared with 34.4% as of June 30, 2026. Growth in payments-related deposits contributed to quarter-end balances, helping diversify the Company’s funding base during what has historically been a seasonally softer quarter for deposit growth, particularly in gaming and certain banking-as-a-service relationships. Fintech Payments deposits totaled $766.0 million as of September 30, 2026, representing 24.8% of total deposits, further diversifying the Company’s funding base alongside traditional banking, gaming and other Fintech relationships.

•The overall cost of funds declined by six basis points to 2.07%, reflecting progress in payments-related deposit growth and ongoing funding optimization, including reduced reliance on higher-cost funding sources.

•The loan to deposit ratio increased to 81.6% from 79.6%.

•Noninterest Income and Expense

•Total noninterest income declined $11.0 million, or 58.3%, to $7.8 million, compared to $18.8 million in the prior quarter, which included a $10.0 million pretax gain associated with a Fintech investment. Excluding that gain, noninterest income declined 10.5%, primarily due to seasonal declines in payment card and service charge income and lower equity method investment income, reflecting lower mortgage activity due to the increase in market interest rates.

•Payment card and service charge income declined 12.8%, to $5.2 million, primarily reflecting seasonal gaming activity, partially offset by growth in other payments-related initiatives. Income from this category increased 39.6% from the year-ago period. The Company continued to execute its Fintech banking platform strategy during the quarter through new client onboarding and continued progress across its payment business, contributing to growth in both payments-related deposits and payment card revenue.

•Total noninterest expense declined $0.6 million, or 1.9%, to $29.8 million, reflecting continued expense discipline, benefits from previously implemented cost-reduction initiatives and the use of AI and automation to enhance efficiencies.

•The Company continued to execute its Fintech banking platform strategy during the quarter and onboarded four new partners, bringing the total year-to-date to nine new partners compared to a total of five in the full year 2025.

•Asset Quality and Capital

•Nonperforming loans totaled $46.8 million, or 1.9% of total loans, as of September 30, 2026, compared to $29.2 million, or 1.2% of total loans, as of June 30, 2026. Of the $17.6 million

1See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure later in the release.

increase, $13.1 million was attributable to one acquisition-and-development land loan involving circumstances specific to the property and borrower.

•Criticized loans as a percentage of total loans were 2.9% as of September 30, 2026, compared to 3.1% as of June 30, 2026. Classified loans as a percentage of total loans were 2.0%, compared to 1.9% as of the end of prior quarter.

•The provision for credit losses totaled $9.9 million, compared to $4.7 million for the prior quarter. The provision reflected increased specific reserves associated with the acquisition-and-development land loan and certain other credits, including exposures in the Company’s SBA portfolio, as well as loan growth and model factors.

•Net charge-offs were $2.5 million, or 0.41% of average loans on an annualized basis, for the third quarter, compared to $1.4 million, or 0.23% annualized, for the prior quarter. The allowance for credit losses for loans increased to $36.2 million, or 1.44% of total loans, as of September 30, 2026, compared to $28.2 million, or 1.14%, as of June 30, 2026.

•The Community Bank Leverage Ratio, Tier 1 Risk-Based Capital Ratio and MVB Bank’s Total Risk-Based Capital Ratio were 9.7%, 11.3% and 12.6%, respectively, at September 30, 2026, compared to 10.3%, 12.2% and 13.2%, respectively, at the prior quarter-end.

•The tangible common equity ratio, a non-U.S. GAAP financial measure1, was 9.3% as of September 30, 2026, compared to 9.7% as of June 30, 2026.

•Book value per common share and tangible book value per common share, a non-U.S. GAAP financial measure1, were $25.35 and $25.26, respectively, as of September 30, 2026, compared to $26.61 and $26.52, respectively, at the prior quarter-end. The decline in tangible book value per share primarily reflected an increase in accumulated other comprehensive loss from $18.0 million at the end of the prior quarter to $32.6 million as of September 30, 2026.

1See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure later in the release.

Conference Call and Webcast

The Company will host a conference call and webcast at 5:00 p.m. Eastern Time today, October 29, 2026, to discuss its quarterly financial results. The call can be accessed via telephone at 877-451-6152 (domestic) or 201-389-0879 (international). A recorded replay can be accessed through November 12, 2026, by dialing 844-512-2921 (domestic) or 412-317-6671 (international); access code: 13762252. Additionally, interested parties can listen to a live webcast of the call on the Company's website at ir.mvbbanking.com. An archived version of the webcast will be available in the same location shortly after the live call has ended.

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 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; industry factors and volatility and disruption in local, national and international political and economic conditions, such as economic slowdowns or recessions, nationally and in the markets in which we operate and other developments such as wars, natural disasters,

epidemics or pandemics, military actions, terrorist attacks or geopolitical conflict, and any governmental or societal responses thereto; changes in demand for loan products and deposit flows; 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.

Accounting standards require the consideration of subsequent events occurring after the balance sheet date for matters that require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of a public company’s financial statements when filed with the SEC. Accordingly, the consolidated financial information in this announcement is subject to change.

Questions or comments concerning this earnings release should be directed to:

MVB Financial Corp.

Michael R. Sumbs, Executive Vice President and Chief Financial Officer

(844) 682-2265

msumbs@mvbbanking.com

Amy Baker, VP, Corporate Communications and Marketing

(844) 682-2265

abaker@mvbbanking.com

Non-U.S. GAAP Financial Measures

This document contains supplemental financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management uses these non-U.S. GAAP financial measures in its analysis of the Company’s performance. These measures should not be considered a substitute for GAAP basis measures, nor should they be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of non-U.S. GAAP financial measures that exclude the impact of specified items provides useful supplemental information for a proper understanding of the Company’s financial condition and results. Non-U.S. financial GAAP measures are not formally defined under GAAP, and other entities may use calculation methods that differ from those used by the Company. As a complement to GAAP financial measures, management believes these non-U.S. GAAP financial measures assist investors in comparing the financial condition and results of operations of financial institutions due to the industry prevalence of such non-U.S. GAAP financial measures. See the tables below for a reconciliation of these non-U.S. GAAP financial measures to the most directly comparable GAAP financial measures.

MVB Financial Corp.

Financial Highlights

Consolidated Statements of Income

(Unaudited) (Dollars in thousands, except per share data)

Quarterly Year-to-Date

2026 2026 2025 2026 2025

Third Quarter Second Quarter Third Quarter

Interest income $ 49,145 $ 48,583 $ 44,220 $ 142,502 $ 129,833

Interest expense 16,549 16,309 17,647 49,180 50,804

Net interest income 32,596 32,274 26,573 93,322 79,029

Provision for credit losses 9,947 4,677 4,427 16,478 6,594

Net interest income after provision for credit losses 22,649 27,597 22,146 76,844 72,435

Total noninterest income 7,837 18,796 34,612 34,842 49,565

Noninterest expense:

Salaries and employee benefits 17,130 17,641 21,399 50,923 53,612

Other expense 12,717 12,769 11,932 37,446 36,989

Total noninterest expenses 29,847 30,410 33,331 88,369 90,601

Income before income taxes 639 15,983 23,427 23,317 31,399

Income tax expense 201 3,732 6,291 5,444 8,702

Net income, before noncontrolling interest 438 12,251 17,136 17,873 22,697

Net loss attributable to noncontrolling interest — — — — 18

Net income available to common shareholders $ 438 $ 12,251 $ 17,136 $ 17,873 $ 22,715

Earnings per share - basic $ 0.03 $ 0.95 $ 1.36 $ 1.39 $ 1.77

Earnings per share - diluted $ 0.03 $ 0.93 $ 1.32 $ 1.35 $ 1.73

Noninterest Income

(Unaudited) (Dollars in thousands)

Quarterly Year-to-Date

2026 2026 2025 2026 2025

Third Quarter Second Quarter Third Quarter

Payment card and service charge income $ 5,238 $ 6,008 $ 3,753 $ 16,332 $ 13,391

Investment portfolio gains (losses) (70) 10,592 (6,638) 11,191 (7,112)

Equity method investments income 1,657 1,834 2,395 5,457 5,355

Gain on divestiture activity — — 34,086 — 34,694

Other noninterest income 1,012 362 1,016 1,862 3,237

Total noninterest income $ 7,837 $ 18,796 $ 34,612 $ 34,842 $ 49,565

Condensed Consolidated Balance Sheets

(Unaudited) (Dollars in thousands)

September 30, 2026 June 30, 2026 September 30, 2025

Cash and cash equivalents $ 209,957 $ 312,596 $ 300,042

Investment securities available-for-sale 443,648 429,578 324,709

Equity securities 62,674 62,503 44,199

Loans receivable 2,520,189 2,476,393 2,259,386

Less: Allowance for credit losses (36,247) (28,217) (23,322)

Loans receivable, net 2,483,942 2,448,176 2,236,064

Premises and equipment, net 9,698 9,935 10,351

Other assets 304,306 283,065 317,588

Total assets $ 3,514,225 $ 3,545,853 $ 3,232,953

Noninterest-bearing deposits $ 996,002 $ 1,069,207 $ 1,027,231

Interest-bearing deposits 2,091,750 2,042,169 1,748,847

Subordinated debt 34,097 34,072 73,976

Revolving line of credit 20,000 20,000 —

Other liabilities 42,717 35,862 55,147

Total liabilities 3,184,566 3,201,310 2,905,201

Common stock 14,378 14,323 13,892

Additional paid-in capital 174,314 172,940 167,608

Retained earnings 201,726 203,497 188,350

Accumulated other comprehensive loss (32,581) (18,039) (15,239)

Treasury stock (28,178) (28,178) (26,859)

Total stockholders’ equity 329,659 344,543 327,752

Total liabilities and stockholders’ equity $ 3,514,225 $ 3,545,853 $ 3,232,953

Average Balances and Interest Rates

(Unaudited) (Dollars in thousands)

Three Months Ended Three Months Ended Three Months Ended

September 30, 2026 June 30, 2026 September 30, 2025

Average

Balance Interest

Income/

Expense Yield/

Cost Average

Balance Interest

Income/

Expense Yield/

Cost Average

Balance Interest

Income/

Expense Yield/

Cost

Assets

Interest-bearing balances with banks $ 326,650 $ 2,850 3.46 % $ 252,962 $ 2,289 3.63 % $ 410,979 $ 4,396 4.24 %

Investment securities:

Taxable 380,016 5,149 5.38 371,891 4,790 5.17 299,747 3,144 4.16

Tax-exempt 1

61,315 638 4.13 55,637 538 3.88 94,081 822 3.47

Loans: 2

Commercial 1,782,256 31,693 7.06 1,801,797 33,481 7.45 1,589,996 29,194 7.28

Tax-exempt 1

2,229 27 4.81 2,327 27 4.65 2,588 29 4.45

Real estate 615,349 7,823 5.04 581,342 6,375 4.40 567,427 6,252 4.37

Consumer 59,390 1,105 7.38 59,253 1,202 8.14 21,635 563 10.32

Total loans 2,459,224 40,648 6.56 2,444,719 41,085 6.74 2,181,646 36,038 6.55

Total earning assets 3,227,205 49,285 6.06 3,125,209 48,702 6.25 2,986,453 44,400 5.90

Less: Allowance for credit losses (29,624) (22,877) (21,157)

Cash and due from banks 11,076 9,742 11,012

Other assets 336,899 344,238 299,774

Total assets $ 3,545,556 $ 3,456,312 $ 3,276,082

Liabilities

Deposits:

NOW $ 824,627 $ 6,454 3.11 % $ 798,433 $ 6,388 3.21 % $ 746,687 $ 5,676 3.02 %

Money market checking 627,508 4,096 2.59 582,385 3,641 2.51 486,684 3,216 2.62

Savings 150,611 1,094 2.88 149,211 1,062 2.85 151,801 1,249 3.26

IRAs 6,502 52 3.17 6,580 51 3.11 7,410 67 3.59

CDs 410,254 4,164 4.03 447,766 4,483 4.02 601,020 6,628 4.38

Total interest-bearing deposits 2,019,502 15,860 3.12 1,984,375 15,625 3.16 1,993,602 16,836 3.35

Repurchase agreements and federal funds sold 3,827 16 1.66 4,549 23 2.03 3,309 14 1.68

FHLB and other borrowings 33 — — 1,321 9 2.73 145 — —

Subordinated debt 34,088 329 3.83 34,063 314 3.70 73,951 797 4.28

Revolving line of credit 20,000 344 6.82 20,000 338 6.78 — — —

Total interest-bearing liabilities 2,077,450 16,549 3.16 2,044,308 16,309 3.20 2,071,007 17,647 3.38

Noninterest-bearing demand deposits 1,088,707 1,030,279 862,124

Other liabilities 36,714 37,872 43,482

Total liabilities 3,202,871 3,112,459 2,976,613

Stockholders’ equity

Common stock 14,351 14,221 13,883

Paid-in capital 173,699 172,231 166,488

Treasury stock (28,178) (27,596) (25,578)

Retained earnings 204,098 202,957 172,258

Accumulated other comprehensive loss (21,285) (17,960) (27,582)

Total stockholders’ equity 342,685 343,853 299,469

Total liabilities and stockholders’ equity $ 3,545,556 $ 3,456,312 $ 3,276,082

Net interest income and margin (tax-equivalent)1

$ 32,736 4.02 % $ 32,393 4.16 % $ 26,753 3.55 %

Less: Tax-equivalent adjustments (140) (119) (180)

Net interest income and margin $ 32,596 4.01 % $ 32,274 4.14 % $ 26,573 3.53 %

1In order to make pre-tax income and resultant yields on tax-exempt loans and investment securities comparable to those on taxable loans and investment securities, a tax-equivalent adjustment has been computed using a Federal tax rate of 21% for the periods presented, which is a non-U.S. GAAP financial measure. See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 13.

2 Non-accrual loans are included in total loan balances, lowering the effective yield for the portfolio in the aggregate.

Nine Months Ended Nine Months Ended

September 30, 2026 September 30, 2025

Average

Balance Interest

Income/

Expense Yield/

Cost Average

Balance Interest

Income/

Expense Yield/

Cost

Assets

Interest-bearing balances with banks $ 306,787 $ 8,170 3.56 % $ 396,125 $ 12,722 4.29 %

Investment securities:

Taxable 371,336 14,348 5.17 310,905 8,730 3.75

Tax-exempt 1

57,913 1,733 4.00 97,376 2,497 3.43

Loans: 2

Commercial 1,781,341 95,407 7.16 1,523,973 85,584 7.51

Tax-exempt 1

2,280 80 4.69 2,710 89 4.39

Real estate 577,829 19,910 4.61 578,184 19,183 4.44

Consumer 56,608 3,236 7.64 20,990 1,572 10.01

Total loans 2,418,058 118,633 6.56 2,125,857 106,428 6.69

Total earning assets 3,154,094 142,884 6.06 2,930,263 130,377 5.95

Less: Allowance for credit losses (24,805) (20,088)

Cash and due from banks 10,259 8,750

Other assets 339,294 309,504

Total assets $ 3,478,842 $ 3,228,429

Liabilities

Deposits:

NOW $ 778,022 $ 18,059 3.10 % $ 642,378 $ 13,776 2.87 %

Money market checking 584,334 10,809 2.47 394,352 7,593 2.57

Savings 149,905 3,353 2.99 119,843 2,750 3.07

IRAs 6,737 163 3.23 7,514 216 3.84

CDs 469,149 14,411 4.11 690,273 23,966 4.64

Total interest-bearing deposits 1,988,147 46,795 3.15 1,854,360 48,301 3.48

Repurchase agreements and federal funds sold 4,186 60 1.92 3,520 53 2.01

FHLB and other borrowings 470 10 2.84 1,738 59 4.54

Senior term loan 15,897 814 6.85 — — —

Subordinated debt 42,855 1,501 4.68 73,890 2,391 4.33

Total interest-bearing liabilities 2,051,555 49,180 3.21 1,933,508 50,804 3.51

Noninterest-bearing demand deposits 1,043,840 946,335

Other liabilities 41,748 45,376

Total liabilities 3,137,143 2,925,219

Stockholders’ equity

Common stock 14,231 13,835

Paid-in capital 172,333 165,695

Treasury stock (27,597) (20,148)

Retained earnings 200,211 172,012

Accumulated other comprehensive loss (17,479) (28,196)

Total stockholders’ equity attributable to parent 341,699 303,198

Noncontrolling interest — 12

Total stockholders’ equity 341,699 303,210

Total liabilities and stockholders’ equity $ 3,478,842 $ 3,228,429

Net interest income and margin (tax-equivalent) 1

$ 93,704 3.97 % $ 79,573 3.63 %

Less: Tax-equivalent adjustments (382) (544)

Net interest income and margin $ 93,322 3.96 % $ 79,029 3.61 %

1 In order to make pre-tax income and resultant yields on tax-exempt loans and investment securities comparable to those on taxable loans and investment securities, a tax-equivalent adjustment has been computed using a Federal tax rate of 21% for the periods presented, which is a non-U.S. GAAP financial measure. See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 13.

2 Non-accrual loans are included in total loan balances, lowering the effective yield for the portfolio in the aggregate.

Selected Financial Data

(Unaudited) (Dollars in thousands, except share and per share data)

Quarterly Year-to-Date

2026 2026 2025 2026 2025

Third Quarter Second Quarter Third Quarter

Earnings and Per Share Data:

Net income $ 438 $ 12,251 $ 17,136 $ 17,873 $ 22,715

Earnings per share - basic $ 0.03 $ 0.95 $ 1.36 $ 1.39 $ 1.77

Earnings per share - diluted $ 0.03 $ 0.93 $ 1.32 $ 1.35 $ 1.73

Cash dividends paid per common share $ 0.17 $ 0.17 $ 0.17 $ 0.51 $ 0.51

Book value per common share $ 25.35 $ 26.61 $ 26.07 $ 25.35 $ 26.07

Tangible book value per common share 1

$ 25.26 $ 26.52 $ 25.98 $ 25.26 $ 25.98

Weighted-average shares outstanding - basic 12,975,828 12,869,947 12,615,475 12,880,779 12,824,037

Weighted-average shares outstanding - diluted 13,282,953 13,186,672 13,010,527 13,209,658 13,099,196

Performance Ratios:

Return on average assets 2

— % 1.4 % 2.1 % 0.7 % 0.9 %

Return on average equity 2

0.5 % 14.3 % 22.9 % 7.0 % 10.0 %

Net interest margin 3 4

4.02 % 4.16 % 3.55 % 3.97 % 3.63 %

Efficiency ratio 5

73.8 % 59.5 % 54.5 % 68.9 % 70.5 %

Overhead ratio 2 6

3.4 % 3.5 % 4.1 % 3.4 % 3.7 %

Equity to assets 9.4 % 9.7 % 10.1 % 9.4 % 10.1 %

Asset Quality Data and Ratios:

Charge-offs $ 3,046 $ 1,773 $ 967 $ 6,709 $ 2,982

Recoveries $ 540 $ 391 $ 295 $ 1,323 $ 1,270

Net loan charge-offs to total loans 2, 7

0.41 % 0.23 % 0.12 % 0.30 % 0.11 %

Allowance for credit losses $ 36,247 $ 28,217 $ 23,322 $ 36,247 $ 23,322

Allowance for credit losses to total loans

1.44 % 1.14 % 1.03 % 1.03 % 1.44 % 1.03 %

Nonperforming loans $ 46,783 $ 29,233 $ 26,214 $ 46,783 $ 26,214

Nonperforming loans to total loans 1.9 % 1.2 % 1.2 % 1.9 % 1.2 %

Criticized loans to total loans 2.9 % 3.1 % 4.1 % 2.9 % 4.1 %

Mortgage Company Equity Method Investees Production Data8:

Mortgage pipeline $ 1,160,978 $ 1,236,366 $ 1,174,362 $ 1,160,978 $ 1,174,362

Loans originated $ 1,352,172 $ 1,491,404 $ 1,546,353 $ 4,250,497 $ 4,209,658

Loans closed $ 1,003,981 $ 927,934 $ 1,014,469 $ 2,868,704 $ 2,784,853

Loans sold $ 638,154 $ 820,716 $ 702,938 $ 2,206,699 $ 2,046,657

1 Common equity, less total goodwill and intangibles per common share, a non-U.S. GAAP financial measure. See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 13.

2 Annualized for the quarterly periods presented.

3 Net interest income as a percentage of average interest-earning assets.

4 Presented on a fully tax-equivalent basis, a non-U.S. GAAP financial measure.

5 Noninterest expense as a percentage of net interest income and noninterest income.

6 Noninterest expense as a percentage of average assets.

7 Ratio of charge-offs, less recoveries to total loans.

8 Information is related to Intercoastal Mortgage Company, LLC and Warp Speed Holdings, LLC, entities in which MVB has an ownership interest that are accounted for as equity method investments.

Non-U.S. GAAP Reconciliation: Net Interest Income and Net Interest Margin on a Fully Tax-Equivalent Basis

The following table reconciles, for the periods shown below, net interest income and net interest margin on a fully tax-equivalent basis:

Three Months Ended Nine Months Ended

(Dollars in thousands) September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025

Net interest margin - U.S. GAAP basis

Net interest income $ 32,596 $ 32,274 $ 26,573 $ 93,322 $ 79,029

Average interest-earning assets $ 3,227,205 $ 3,125,209 $ 2,986,453 $ 3,154,094 $ 2,930,263

Net interest margin 4.01 % 4.14 % 3.53 % 3.96 % 3.61 %

Net interest margin - non-U.S. GAAP basis

Net interest income $ 32,596 $ 32,274 $ 26,573 $ 93,322 $ 79,029

Impact of fully tax-equivalent adjustment 140 119 180 382 544

Net interest income on a fully tax-equivalent basis $ 32,736 $ 32,393 $ 26,753 $ 93,704 $ 79,573

Average interest-earning assets $ 3,227,205 $ 3,125,209 $ 2,986,453 $ 3,154,094 $ 2,930,263

Net interest margin on a fully tax-equivalent basis 4.02 % 4.16 % 3.55 % 3.97 % 3.63 %

Core net interest margin - non-U.S. GAAP basis

Net interest income on a fully tax-equivalent basis $ 32,736 $ 32,393 $ 26,753 $ 93,704 $ 79,573

Less: interest income from non-recurring items — (2,272) — (2,272) —

Core net interest income on a fully tax-equivalent basis $ 32,736 $ 30,121 $ 26,753 $ 91,432 $ 79,573

Average interest-earning assets $ 3,227,205 $ 3,125,209 $ 2,986,453 $ 3,154,094 $ 2,930,263

Adjusted net interest margin on a fully tax-equivalent basis 4.02 % 3.87 % 3.55 % 3.88 % 3.63 %

Non-U.S. GAAP Reconciliation: Tangible Book Value per Common Share and Tangible Common Equity Ratio

(Unaudited) (Dollars in thousands, except per share data)

September 30, 2026 June 30, 2026 September 30, 2025

Tangible Book Value per Common Share

Goodwill $ 1,200 $ 1,200 $ 1,200

Total intangibles $ 1,200 1,200 1,200

Total equity attributable to parent $ 329,659 344,543 327,752

Less: Total intangibles (1,200) (1,200) (1,200)

Tangible common equity $ 328,459 $ 343,343 $ 326,552

Common shares outstanding (000s) 13,003 12,947 12,570

Tangible book value per common share $ 25.26 $ 26.52 $ 25.98

Tangible Common Equity Ratio

Total assets $ 3,514,225 $ 3,545,853 $ 3,232,953

Less: Total intangibles (1,200) (1,200) (1,200)

Tangible assets $ 3,513,025 $ 3,544,653 $ 3,231,753

Tangible common equity $ 328,459 $ 343,343 $ 326,552

Tangible common equity ratio 9.3 % 9.7 % 10.1 %

GRAPHIC

Filename: mvbf.jpg · Sequence: 6

Binary file (7216 bytes)

Download mvbf.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.3

Cover

Oct. 29, 2026

Cover [Abstract]

Pre-commencement Issuer Tender Offer

false

Entity Address, Address Line One

301 Virginia Avenue

Entity Emerging Growth Company

false

Entity Central Index Key

0001277902

Amendment Flag

false

Written Communications

false

Document Type

8-K

Pre-commencement Tender Offer

false

Soliciting Material

false

Local Phone Number

363-4800

City Area Code

304

Entity Address, Postal Zip Code

26554-2777

Entity Address, State or Province

Entity Address, City or Town

Fairmont

Entity Tax Identification Number

20-0034461

Entity File Number

001-38314

Entity Incorporation, State or Country Code

Entity Registrant Name

MVB Financial Corp

Document Period End Date

Oct. 29, 2026

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

XML — IDEA: XBRL DOCUMENT

XML

Filename: R2.htm · Sequence: 9

v3.26.3

Details

Oct. 29, 2026

Cover [Abstract]

Title of 12(b) Security

Common stock, $1.00 par value

Trading Symbol

MVBF

Security Exchange Name

NASDAQ

Document Period End Date

Oct. 29, 2026

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration