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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments59322017293040
Cash and cash equivalents41222017293040
Short-term investments1910     
Disposal group, including discontinued operation    10370 
Total current assets:5932201713210040
Noncurrent Assets
Property, plant and equipment22272725262517
Intangible assets, net (including goodwill)23181818191818
Goodwill20181818181818
Intangible assets, net (excluding goodwill)3   1  
Prepaid pension costs0000
Total noncurrent assets:45454544464335
Other undisclosed assets1,8401,6741,4691,3581,207968912
TOTAL ASSETS:1,9441,7511,5341,4191,3841,110987
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt101522252733180
Total current liabilities:101522252733180
Noncurrent Liabilities
Other undisclosed liabilities1,7221,5591,3621,2481,242968713
Total liabilities:1,7321,5741,3841,2731,2701,001893
Stockholders' equity
Stockholders' equity attributable to parent21217715014611510994
Preferred stock7881616169
Common stock12121010888
Treasury stock, value(1)(1)(1)(1)(1)(1)(1)
Additional paid in capital1231179993747469
Accumulated other comprehensive loss(1)(7)(3)(4)(3)(3)(3)
Retained earnings72483731201413
Total stockholders' equity:21217715014611510994
TOTAL LIABILITIES AND EQUITY:1,9441,7511,5341,4191,3841,110987

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues837059565160 
Net investment income827057544436 
Financial services revenue32723 
Cost of revenue(2)(2)(2)(2)(2)(3)(2)
Insurance tax(2)(2)(2)(2)(2)  
Financial services costs   (3)(2)
Gross profit:816957554957(2)
Operating expenses(20)(16)(85)(84)(74)(60)(50)
Other operating income, net
(Noninterest Income, Other Operating Income)
2111122
Operating income (loss):6354(26)(28)(24)(2)(51)
Nonoperating income (expense)21(1)3111
Investment income, nonoperating1(0)(2)3100
Bank owned life insurance income1111110
Interest and debt expense(23)(18)(12)(11)(9)(8)(6)
Income (loss) from continuing operations before equity method investments, income taxes:4337(40)(36)(32)(9)(56)
Other undisclosed income (loss) from continuing operations before income taxes(8)(22)5249421161
Income from continuing operations before income taxes:351512131025
Income tax expense (benefit)(8)(3)(5)(4)(3)0(1)
Income from continuing operations:271289724
Income from discontinued operations0  4   
Net income attributable to parent:2712813724
Preferred stock dividends and other adjustments(0)(0)(0)(1)(1)(0)(0)
Net income available to common stockholders, basic:2712712624
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:261379824

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2712813724
Other comprehensive income (loss)    (0)0(1)
Comprehensive income:2712813723
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5(3)1(1)   
Comprehensive income, net of tax, attributable to parent:329912723

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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