Earnings ·
MVB Financial reports $0.03 Q3 EPS as a $9.9 million credit loss provision weighs on earnings
MVBFMvb Financial Corp
MVB Financial Corp. reported net income of $0.4 million, or $0.03 per diluted share, for the third quarter ended September 30, 2026. The result was primarily impacted by a $9.9 million provision for credit losses, largely driven by specific reserves on an acquisition-and-development land loan and exposures in its SBA portfolio. Net interest income rose 1.0% to $32.6 million, while core fully tax-equivalent net interest margin expanded 15 basis points to 4.02%. Total loans grew 1.8% to $2.52 billion, and Fintech Payments deposits increased 28.1% to $766.0 million. Noninterest expense declined 1.9% to $29.8 million. MVB Financial Corp. is a bank holding company that powers fintech solutions in payments, card issuance, and online gaming programs while providing traditional retail and commercial banking services.