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 investments59554028323224
Cash and cash equivalents41372118222224
Short-term investments191818101010 
Total current assets:59554028323224
Noncurrent Assets
Property, plant and equipment22252626272726
Intangible assets, net (including goodwill)23201818181818
Goodwill20201818181818
Intangible assets, net (excluding goodwill)3      
Total noncurrent assets:45454444454545
Other undisclosed assets1,8401,8621,7491,7181,6741,6461,617
TOTAL ASSETS:1,9441,9621,8331,7901,7511,7231,685
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt109913151620
Total current liabilities:109913151620
Noncurrent Liabilities
Other undisclosed liabilities1,7221,7461,6231,5961,5591,5361,499
Total liabilities:1,7321,7561,6321,6091,5741,5521,520
Stockholders' equity
Stockholders' equity attributable to parent212206201181177171166
Preferred stock7788888
Common stock12121212121211
Treasury stock, value(1)(1)(1)(1)(1)(1)(1)
Additional paid in capital123121119117117115112
Accumulated other comprehensive loss(1)(2)(3)(6)(7)(9)(7)
Retained earnings72696651484643
Total stockholders' equity:212206201181177171166
TOTAL LIABILITIES AND EQUITY:1,9441,9621,8331,7901,7511,7231,685

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
Revenues21212120201818
Net investment income21212020201817
Cost of revenue
(Insurance Tax)
(0)(0)(0)(1)(1)(0)(0)
Gross profit:21212019191817
Operating expenses(6)(5)(4)(4)53(24)(24)
Other operating income, net
(Noninterest Income, Other Operating Income)
0100000
Operating income (loss):1516161672(6)(7)
Nonoperating income (expense)(1)111(1)(0)1
Investment income, nonoperating(1)110(1)(1)1
Bank owned life insurance income0001010
Interest and debt expense(5)(6)(6)(6)(5)(5)(4)
Income (loss) from continuing operations before equity method investments, income taxes:911121167(11)(10)
Other undisclosed income (loss) from continuing operations before income taxes(3)(6)8(7)(63)1514
Income from continuing operations before income taxes:56204454
Income tax expense(1)(1)(5)(1)(1)(1)(1)
Income from continuing operations:44153343
Income (loss) from discontinued operations (0)0    
Net income attributable to parent:44153343
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:44153333
Interest on convertible debt  00 0 
Convertible preferred dividends  00000
Other undisclosed net income (loss) available to common stockholders, diluted 0(0) 1  
Net income available to common stockholders, diluted:44153443

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:44153343
Comprehensive income:44153343
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10312(1)(0)
Comprehensive income, net of tax, attributable to parent:55194523

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.

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