MVB Financial Corp. (MVBF) financial statements (2021 and earlier)
Company profile
| Business Address |
301 VIRGINIA AVENUE FAIRMONT, WV 26554-2777 |
| State of Incorp. | WV |
| Fiscal Year End | December 31 |
| SIC | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 59 | 55 | 40 | 28 | 32 | 32 | 24 | ||
| Cash and cash equivalents | 41 | 37 | 21 | 18 | 22 | 22 | 24 | ||
| Short-term investments | 19 | 18 | 18 | 10 | 10 | 10 | |||
| Total current assets: | 59 | 55 | 40 | 28 | 32 | 32 | 24 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 22 | 25 | 26 | 26 | 27 | 27 | 26 | ||
| Intangible assets, net (including goodwill) | 23 | 20 | 18 | 18 | 18 | 18 | 18 | ||
| Goodwill | 20 | 20 | 18 | 18 | 18 | 18 | 18 | ||
| Intangible assets, net (excluding goodwill) | 3 | ||||||||
| Total noncurrent assets: | 45 | 45 | 44 | 44 | 45 | 45 | 45 | ||
| Other undisclosed assets | 1,840 | 1,862 | 1,749 | 1,718 | 1,674 | 1,646 | 1,617 | ||
| TOTAL ASSETS: | 1,944 | 1,962 | 1,833 | 1,790 | 1,751 | 1,723 | 1,685 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 10 | 9 | 9 | 13 | 15 | 16 | 20 | ||
| Total current liabilities: | 10 | 9 | 9 | 13 | 15 | 16 | 20 | ||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,722 | 1,746 | 1,623 | 1,596 | 1,559 | 1,536 | 1,499 | ||
| Total liabilities: | 1,732 | 1,756 | 1,632 | 1,609 | 1,574 | 1,552 | 1,520 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 212 | 206 | 201 | 181 | 177 | 171 | 166 | ||
| Preferred stock | 7 | 7 | 8 | 8 | 8 | 8 | 8 | ||
| Common stock | 12 | 12 | 12 | 12 | 12 | 12 | 11 | ||
| Treasury stock, value | (1) | (1) | (1) | (1) | (1) | (1) | (1) | ||
| Additional paid in capital | 123 | 121 | 119 | 117 | 117 | 115 | 112 | ||
| Accumulated other comprehensive loss | (1) | (2) | (3) | (6) | (7) | (9) | (7) | ||
| Retained earnings | 72 | 69 | 66 | 51 | 48 | 46 | 43 | ||
| Total stockholders' equity: | 212 | 206 | 201 | 181 | 177 | 171 | 166 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,944 | 1,962 | 1,833 | 1,790 | 1,751 | 1,723 | 1,685 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 21 | 21 | 21 | 20 | 20 | 18 | 18 | |
| Net investment income | 21 | 21 | 20 | 20 | 20 | 18 | 17 | |
| Cost of revenue (Insurance Tax) | (0) | (0) | (0) | (1) | (1) | (0) | (0) | |
| Gross profit: | 21 | 21 | 20 | 19 | 19 | 18 | 17 | |
| Operating expenses | (6) | (5) | (4) | (4) | 53 | (24) | (24) | |
| Other operating income, net (Noninterest Income, Other Operating Income) | 0 | 1 | 0 | 0 | 0 | 0 | 0 | |
| Operating income (loss): | 15 | 16 | 16 | 16 | 72 | (6) | (7) | |
| Nonoperating income (expense) | (1) | 1 | 1 | 1 | (1) | (0) | 1 | |
| Investment income, nonoperating | (1) | 1 | 1 | 0 | (1) | (1) | 1 | |
| Bank owned life insurance income | 0 | 0 | 0 | 1 | 0 | 1 | 0 | |
| Interest and debt expense | (5) | (6) | (6) | (6) | (5) | (5) | (4) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 9 | 11 | 12 | 11 | 67 | (11) | (10) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (3) | (6) | 8 | (7) | (63) | 15 | 14 | |
| Income from continuing operations before income taxes: | 5 | 6 | 20 | 4 | 4 | 5 | 4 | |
| Income tax expense | (1) | (1) | (5) | (1) | (1) | (1) | (1) | |
| Income from continuing operations: | 4 | 4 | 15 | 3 | 3 | 4 | 3 | |
| Income (loss) from discontinued operations | (0) | 0 | ||||||
| Net income attributable to parent: | 4 | 4 | 15 | 3 | 3 | 4 | 3 | |
| Preferred stock dividends and other adjustments | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Net income available to common stockholders, basic: | 4 | 4 | 15 | 3 | 3 | 3 | 3 | |
| Interest on convertible debt | 0 | 0 | 0 | |||||
| Convertible preferred dividends | 0 | 0 | 0 | 0 | 0 | |||
| Other undisclosed net income (loss) available to common stockholders, diluted | 0 | (0) | 1 | |||||
| Net income available to common stockholders, diluted: | 4 | 4 | 15 | 3 | 4 | 4 | 3 | |
Comprehensive Income ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 4 | 4 | 15 | 3 | 3 | 4 | 3 | |
| Comprehensive income: | 4 | 4 | 15 | 3 | 3 | 4 | 3 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | 0 | 3 | 1 | 2 | (1) | (0) | |
| Comprehensive income, net of tax, attributable to parent: | 5 | 5 | 19 | 4 | 5 | 2 | 3 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.