MVB Financial Corp.

Worth knowing

• Buybacks largely absorbed by stock pay. Stock-based pay expense $9M vs $10M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +2.8% from December 2022 to August 2026.

  Over three fiscal years MVB Financial recorded $9M of stock-based pay expense and spent $10M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). The share count barely moved (+2.8%), so much of the repurchasing offset new employee shares rather than shrinking the count.Over three fiscal years MVB Financial recorded $9M of stock-based pay expense and spent $10M repurchasing shares. The share count barely moved (+2.8%), so much of the repurchasing offset new employee shares rather than shrinking the count.

• Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

  MVB Financial made a profit per share in its latest year after a loss the year before.

• Valuation signals disagree. Cheaper than 72% of peers on book value, but only 13% on earnings.

  Relative to its book value, MVB Financial looks cheaper than 72% of peers; relative to its earnings, cheaper than only 13%. The valuation score blends the two, so look at which measure fits this business best.

• Revenue is falling. Revenue fell 17% in the fiscal year to Dec 2025 vs the year before.

  MVB Financial's revenue fell 17% in the fiscal year to Dec 2025 vs the year before.