MVB Financial Corp (MVBF) investor relations material

Business overview and strategy

• Operates as a fintech-focused bank with $3.3–$3.5 billion in assets, $2.3 billion in loans, and $2.8 billion in deposits, emphasizing payment services, banking as a service, and digital gaming.

• Maintains a dual strategy: regional core banking and national fintech partnerships, with 40% of deposits non-interest bearing and a strong capital base.

• Differentiates itself as one of about 35 fintech banks, leveraging regulatory changes and scalable AI-driven business models for future growth.

• Focuses on innovation, including the development and sale of Victor (a payments API platform) and ongoing AI initiatives.

• Core values center on trusted partnerships, adaptability, and commitment to clients, investors, and communities.

Growth catalysts and financial performance

• Five key growth vehicles: banking as a service (notably with Credit Karma), fintech sponsorship lending, digital gaming (with clients like DraftKings and FanDuel), payments, and core lending.

• Achieved 10% organic revenue growth annually, with payments revenue growing over 100% CAGR and deposits at 46% CAGR over five years.

• Loan portfolio grew 12% in 2025, with a diversified mix and strong asset quality; non-performing loans remain low.

• Maintains a tangible book value per share of $26.17 (end of 2025), 9.5% CAGR since 2019, and paid $3.85 in dividends over that period.

• Share repurchases and insider ownership are significant, with a $10 million buyback authorization in place.

Technology and operational efficiency

• Invested $22 million over three years to build AI-driven compliance and risk management, reducing risk/compliance staff from 160 to 111, targeting 90 by mid-2024.

• AI and automation have enabled flat non-interest expenses despite growth, creating operating leverage.

• 150 employees use Claude AI daily; ongoing expansion of AI capabilities mirrors the successful Victor model.

• Technology investments include Snowflake for data, riskCanvas for AI, and WorkFusion for automation.