MVB Financial Corp. (MVBF) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3433035932201729
Cash and cash equivalents3102764122201729
Short-term investments32281910   
Disposal group, including discontinued operation      103
Total current assets:34330359322017132
Noncurrent Assets
Operating lease, right-of-use asset 18 
Property, plant and equipment  2227272526
Long-term investments and receivables4046     
Long-term investments4046     
Intangible assets, net (including goodwill)652318181819
Goodwill422018181818
Intangible assets, net (excluding goodwill)223   1
Prepaid pension costs00
Total noncurrent assets:46694545454446
Other undisclosed assets2,4041,9591,8401,6741,4691,3581,207
TOTAL ASSETS:2,7922,3311,9441,7511,5341,4191,384
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt11101015222527
Total current liabilities:11101015222527
Noncurrent Liabilities
Other undisclosed liabilities2,5062,0821,7221,5591,3621,2481,242
Total liabilities:2,5172,0921,7321,5741,3841,2731,270
Stockholders' equity
Stockholders' equity attributable to parent274239212177150146115
Preferred stock 77881616
Common stock1312121210108
Treasury stock, value(17)(17)(1)(1)(1)(1)(1)
Additional paid in capital144129123117999374
Accumulated other comprehensive income (loss)(4)2(1)(7)(3)(4)(3)
Retained earnings1381057248373120
Stockholders' equity attributable to noncontrolling interest1      
Total stockholders' equity:275239212177150146115
TOTAL LIABILITIES AND EQUITY:2,7922,3311,9441,7511,5341,4191,384

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues89858370595651
Net investment income83808270575444
Cost of revenue (19)(2)(2)(2)(2)(2)
Provision for loan, lease, and other losses (17)  
Insurance tax (2)(2)(2)(2)(2)(2)
Gross profit:89668169575549
Operating expenses(14)(5)(20)(16)(85)(84)(74)
Other operating income, net
(Noninterest Income, Other Operating Income)
4121111
Operating income (loss):79626354(26)(28)(24)
Nonoperating income (expense) 221(1)31
Investment income, nonoperating 21(0)(2)31
Bank owned life insurance income  11111
Interest and debt expense(6)(12)(23)(18)(12)(11)(9)
Income (loss) from continuing operations before equity method investments, income taxes:72534337(40)(36)(32)
Other undisclosed income (loss) from continuing operations before income taxes(24)(6)(8)(22)524942
Income from continuing operations before income taxes:49473515121310
Income tax expense(10)(10)(8)(3)(5)(4)(3)
Income from continuing operations:39372712897
Income from discontinued operations  0  4 
Net income:393727128137
Net income attributable to noncontrolling interest0      
Net income attributable to parent:393727128137
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(1)(1)
Net income available to common stockholders, basic:393727127126
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:39372613798

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:393727128137
Other comprehensive income (loss)(6)0    (0)
Comprehensive income:333827128137
Comprehensive income, net of tax, attributable to noncontrolling interest0      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 35(3)1(1) 
Comprehensive income, net of tax, attributable to parent:33413299127

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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