MVB Financial Corp (MVBF) Q4 2025 earnings summary

Executive summary

• Net interest income rose 6.8% sequentially to $28.4 million, with net interest margin up 17 basis points to 3.71%.

• Loan growth reached $83.8M (3.7%) sequentially and $243M (11.6%) year-over-year, with total loans at $2.34 billion.

• Noninterest expenses declined 5.5% from the prior quarter and 6.4% year-over-year, mainly from lower compensation costs post-Victor sale.

• Tangible book value per share increased to $26.17, up 0.73% from Q3 2025.

• Payment card and service charge income grew 19.4% year-over-year and quarter-over-quarter, supporting core fee income momentum.

Financial highlights

• Noninterest-bearing deposits comprised 40.3% of total deposits, reflecting improved deposit mix.

• Payments revenue posted a 102% CAGR from 2021 to 2025, reaching $11.5M in 2025.

• Deposits grew at a 6% CAGR since 2021, totaling $3.58B at year-end 2025.

• Noninterest income was $10.7 million, down $23.9 million from Q3 due to a prior quarter gain on sale of Victor Technologies.

• Return on average assets was 0.5% and return on average equity was 5.1% for Q4 2025.

Outlook and guidance

• Strong fintech partnership pipeline with 52 opportunities across issuing, acquiring, money movement, gaming, and digital assets.

• Multiple advanced-stage fintech launches anticipated in Q1 2026.

• Loan pipelines and core fee income categories remain healthy, positioning for sustained growth into 2026.

• Strategic initiatives and balance sheet optimization are expected to drive enhanced profitability.

• $357M of CDs repricing over the next four quarters, offering future repricing opportunities.