Business
MVB Financial Corp. Reports 125% Increase in Annual Earnings and a 39% Increase in Noninterest-Bearing Deposits in 2019
FAIRMONT, W.Va.--(BUSINESS WIRE)-- MVB Financial Corp. (the "Company") (NASDAQ: MVBF) today reported net income of $26.6 million, or $2.22 and $2.16 basic
About this update from Mvb Financial Corp.
[{"type":"text","content":" FAIRMONT, W.Va.--(BUSINESS WIRE)--\nMVB Financial Corp. (the \"Company\") (NASDAQ: MVBF) today reported net income of $26.6 million, or $2.22 and $2.16 basic and diluted earnings per share, respectively, excluding discontinued operations, for the year ended December 31, 2019. This represents a 125% increase over the prior year. For the quarter ended December 31, 2019, the Company reported net income of $4.1 million, or $0.34 and $0.32 basic and diluted earnings per share, respectively.\n\n\n\n\n \n\n\n\n \n\n\n\nQuarterly\n\n\n\n \n\n\n\nYear-to-Date\n\n\n\n\n\n \n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n\n\n \n\n\n\n \n\n\n\nFourth\nQuarter\n\n\n\n \n\n\n\nThird\nQuarter\n\n\n\n \n\n\n\nFourth\nQuarter\n\n\n\n \n\n\n\n \n\n\n\n\n\nNet income from continuing operations\n\n\n\n \n\n\n\n$\n\n\n\n4,095\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n4,346\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n2,999\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n26,564\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n12,003\n\n\n\n \n\n\n\n\n\nNet income (loss) from discontinued operations\n\n\n\n \n\n\n\n—\n\n\n\n \n\n\n\n \n\n\n\n(19)\n\n\n\n \n\n\n\n \n\n\n\n—\n\n\n\n \n\n\n\n \n\n\n\n427\n\n\n\n \n\n\n\n \n\n\n\n—\n\n\n\n \n\n\n\n\n\nNet income\n\n\n\n \n\n\n\n$\n\n\n\n4,095\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n4,327\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n2,999\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n26,991\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n12,003\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nEarnings per share from continuing operations - basic\n\n\n\n \n\n\n\n$\n\n\n\n0.34\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.36\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.25\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n2.22\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.04\n\n\n\n \n\n\n\n\n\nEarnings per share from discontinued operations - basic\n\n\n\n \n\n\n\n—\n\n\n\n \n\n\n\n \n\n\n\n—\n\n\n\n \n\n\n\n \n\n\n\n—\n\n\n\n \n\n\n\n \n\n\n\n0.04\n\n\n\n \n\n\n\n \n\n\n\n—\n\n\n\n \n\n\n\n\n\nEarnings per share - basic\n\n\n\n \n\n\n\n$\n\n\n\n0.34\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.36\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.25\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n2.26\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.04\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \...