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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments303593220172930
Cash and cash equivalents276412220172930
Short-term investments281910    
Disposal group, including discontinued operation     10370
Total current assets:30359322017132100
Noncurrent Assets
Operating lease, right-of-use asset18 
Property, plant and equipment 222727252625
Long-term investments and receivables46      
Long-term investments46      
Intangible assets, net (including goodwill)5231818181918
Goodwill2201818181818
Intangible assets, net (excluding goodwill)23   1 
Prepaid pension costs000
Total noncurrent assets:69454545444643
Other undisclosed assets1,9591,8401,6741,4691,3581,207968
TOTAL ASSETS:2,3311,9441,7511,5341,4191,3841,110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10101522252733
Total current liabilities:10101522252733
Noncurrent Liabilities
Other undisclosed liabilities2,0821,7221,5591,3621,2481,242968
Total liabilities:2,0921,7321,5741,3841,2731,2701,001
Stockholders' equity
Stockholders' equity attributable to parent239212177150146115109
Preferred stock7788161616
Common stock121212101088
Treasury stock, value(17)(1)(1)(1)(1)(1)(1)
Additional paid in capital12912311799937474
Accumulated other comprehensive income (loss)2(1)(7)(3)(4)(3)(3)
Retained earnings105724837312014
Total stockholders' equity:239212177150146115109
TOTAL LIABILITIES AND EQUITY:2,3311,9441,7511,5341,4191,3841,110

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues85837059565160
Net investment income80827057544436
Financial services revenue32723
Cost of revenue(19)(2)(2)(2)(2)(2)(3)
Provision for loan, lease, and other losses(17)  
Insurance tax(2)(2)(2)(2)(2)(2) 
Financial services costs   (3)
Gross profit:66816957554957
Operating expenses(5)(20)(16)(85)(84)(74)(60)
Other operating income, net
(Noninterest Income, Other Operating Income)
1211112
Operating income (loss):626354(26)(28)(24)(2)
Nonoperating income (expense)221(1)311
Investment income, nonoperating21(0)(2)310
Bank owned life insurance income 111111
Interest and debt expense(12)(23)(18)(12)(11)(9)(8)
Income (loss) from continuing operations before equity method investments, income taxes:534337(40)(36)(32)(9)
Other undisclosed income (loss) from continuing operations before income taxes(6)(8)(22)52494211
Income from continuing operations before income taxes:4735151213102
Income tax expense (benefit)(10)(8)(3)(5)(4)(3)0
Income from continuing operations:3727128972
Income from discontinued operations 0  4  
Net income attributable to parent:37271281372
Preferred stock dividends and other adjustments(0)(0)(0)(0)(1)(1)(0)
Net income available to common stockholders, basic:37271271262
Interest on convertible debt  1 11 
Convertible preferred dividends  0    
Other undisclosed net loss available to common stockholders, diluted (0)  (4)  
Net income available to common stockholders, diluted:3726137982

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:37271281372
Other comprehensive income (loss)0    (0)0
Comprehensive income:38271281372
Other undisclosed comprehensive income (loss), net of tax, attributable to parent35(3)1(1)  
Comprehensive income, net of tax, attributable to parent:4132991272

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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