Business
MVB Financial Corp. Reports Strong and Active Second Quarter 2020 Results with a 17% Increase in Net Income and a 95% Increase in Noninterest-Bearing Deposits from Previous Year
FAIRMONT, W.Va.--(BUSINESS WIRE)-- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) today reported net income of $18.0 million,
About this update from Mvb Financial Corp.
[{"type":"text","content":" FAIRMONT, W.Va.--(BUSINESS WIRE)--\nMVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) today reported net income of $18.0 million, or $1.50 basic and $1.49 diluted earnings per share for the three months ended June 30, 2020.\n\n\n\n\n \n\n\n\n \n\n\n\nQuarterly\n\n\n\n \n\n\n\nYear-to-Date\n\n\n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2019\n\n\n\n\n\n \n\n\n\n \n\n\n\nSecond Quarter\n\n\n\n \n\n\n\nFirst Quarter\n\n\n\n \n\n\n\nSecond Quarter\n\n\n\n \n\n\n\n \n\n\n\n\n\nNet income from continuing operations\n\n\n\n \n\n\n\n$\n\n\n\n18,034\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,048\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n14,931\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n19,082\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n18,123\n\n\n\n \n\n\n\n\n\nNet income from discontinued operations\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\n446\n\n\n\n \n\n\n\n \n\n\n\n—\n\n\n\n \n\n\n\n \n\n\n\n446\n\n\n\n \n\n\n\n\n\nNet income\n\n\n\n \n\n\n\n$\n\n\n\n18,034\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,048\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n15,377\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n19,082\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n18,569\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nEarnings per share from continuing operations - basic\n\n\n\n \n\n\n\n$\n\n\n\n1.50\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.08\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.27\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.58\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.54\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\n0.04\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\nEarnings per share - basic\n\n\n\n \n\n\n\n$\n\n\n\n1.50\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.08\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.31\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.58\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.58\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nEarnings per share from continuing operations - diluted\n\n\n\n \n\n\n\n$\n\n\n\n1.49\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.08\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.15\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.55\n\n\n\n \n\n\n\n \n\...