MVB Financial Corp (MVBF) investor relations material

Executive summary

• Net income for Q2 2026 was $12.3M ($0.93/diluted share), up significantly year-over-year, driven by a $10M pre-tax gain on a Fintech investment and strong net interest income.

• Diluted EPS rose 520% year-over-year to $0.93, and tangible book value per share increased 12% to $26.52.

• Outperformance was fueled by net interest margin expansion, disciplined loan/deposit growth, cost management, and momentum in payments, fintech, and specialty lending.

• Continued investment in payments, AI, automation, and specialty lending to support long-term growth and operational efficiency.

• Resolved the largest nonperforming loan with full repayment and no loss, improving credit profile.

Financial highlights

• Net interest income rose to $32.3M in Q2 2026, up 13% from prior quarter and $6.5M year-over-year; core net interest income up 5.5%.

• Net interest margin expanded to 4.16% (up 43 bps sequentially); core NIM at 3.87%.

• Loans increased 3% from prior quarter (12% annualized), with $323M (15%) year-over-year growth; fifth consecutive quarter of loan growth.

• Deposits up 7.4% sequentially and 11% year-over-year, with fintech deposits at $1.25B and non-interest-bearing deposits at 34.4% of total.

• Noninterest income reached $18.8M, including a $10M pre-tax fintech gain; payment card and service charge income up 29% year-over-year.

Outlook and guidance

• Expect loan growth to continue at $60M-$70M per quarter, with specialty lending contributing more in H2 2026.

• Core net interest margin expected to expand further in 2026, but at a slower pace.

• Noninterest revenue expected to grow long-term, though Q3 is typically seasonally softer.

• Expense levels anticipated to remain at or slightly below Q2 levels for the next few quarters.

• Management expects continued economic volatility in its markets over the next 1-2 years.