MVB Financial posts Q3 net income of $17.1 million
Reuters
Oct 30
MVB Financial posts Q3 net income of $17.1 million
MVB Financial Corp. reported net income of $17.1 million for the third quarter of 2025, with earnings of $1.36 per basic share and $1.32 per diluted share. Net interest income increased by 3.1% compared to the previous quarter, and loan growth was 4.9%. The company completed the sale of Victor Technologies, Inc. to Jack Henry & Associates, generating a pre-tax gain of $34.1 million. MVB Financial also completed a $10.0 million share repurchase program, buying back 473,584 shares at an average price of $21.15 per share. Book value per share increased 9.6% to $26.07, and tangible book value per share rose 9.7% to $25.98 as of September 30, 2025. The company expects the securities portfolio repositioning and expense efficiencies from the Victor sale to add $0.30 to $0.35 to annualized earnings per share. Capital strength improved and asset quality indicators remained stable.
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