MVB Financial Corp (MVBF) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $17.1M, up from $2.1M in Q3 2024, driven by a $34.1M pre-tax gain from the sale of Victor Technologies and strategic repositioning of the securities portfolio, which included a $7.6M pre-tax loss on securities sales.

• Basic and diluted EPS for Q3 2025 were $1.36 and $1.32, respectively.

• Loan balances increased $106.1M sequentially, reflecting asset generation strategies and a focus on fixed-rate loans.

• The company remains committed to the gaming, payments, and banking-as-a-service sectors, expanding treasury services and compliance teams to support growth.

• Securities portfolio repositioning and expense efficiencies from the Victor sale are expected to add $0.30 to $0.35 to annualized EPS.

Financial highlights

• Net interest income for Q3 2025 was $26.8M, reflecting a 3.1% increase quarter-over-quarter, with a net interest margin of 3.55%.

• Noninterest income rose by $28.0M year-over-year, primarily due to the Victor sale, totaling $34.6M.

• Noninterest expense increased by $3.8M, mainly from higher salaries and costs related to the Victor transaction.

• Loans grew 4.9% from the prior quarter to $2.26B, while deposits declined 1.0% to $2.78B.

• Book value per share and tangible book value per share rose 9.6% and 9.7% sequentially, reaching $26.07 and $25.98, respectively.

Outlook and guidance

• The repositioning of the securities portfolio and expense efficiencies from the Victor sale are expected to deliver $0.30 to $0.35 in additional annualized EPS.

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

• Management expects a strong loan pipeline and improved capital position entering Q4 2025.