MVB Financial Corp (MVBF) investor relations material

Executive summary

• Net income for Q1 2026 was $5.2 million, up 45% year-over-year, with diluted EPS of $0.39, reflecting strong core earnings, fintech-driven fee income, and operational execution.

• Revenue reached $171 million TTM, up 8.9% from Q1 2025, with fintech partnerships and digital payments driving transformation and deposit growth.

• Continued expansion of fintech platform, launching new partners, investing in automation and AI, and supporting ongoing balance sheet optimization.

• Maintained robust capital and liquidity, redeeming $40 million of subordinated debt and supporting ongoing balance sheet optimization.

• Tangible book value per share was $25.98, up 8.9% year-over-year, slightly down sequentially due to unrealized securities losses and higher share count.

Financial highlights

• Net interest income increased 7% year-over-year to $28.5 million, with net interest margin at 3.71% and noninterest income up 17%.

• Noninterest expense declined 2% year-over-year and 10.7% sequentially, reflecting efficiency gains.

• Gross loans grew 16.5% year-over-year to $2.4 billion, with deposits up 12.1% to $2.9 billion.

• Payments revenue posted a 102% CAGR (2021–2025), with deposits in payments vehicle growing at 43% CAGR.

• Tangible book value per share was $25.98; book value per share was $26.07.

Outlook and guidance

• Expect continued momentum in profitability, with strong pipelines for loans and deposits, and further fintech partnership expansion.

• Anticipate further margin expansion as CD repricing and runoff reduce funding costs.

• Ongoing investments in technology and AI expected to drive efficiency and support long-term growth.

• Second quarter to benefit from a $10 million pre-tax gain on a fintech investment, increasing tangible book value by $0.59 per share.

• Management expects continued economic volatility in its markets over the next one to two years.