Mvb Financial Corp. · NASDAQ:MVBF
Mvb Financial — Shareholder Meeting (May 2016)
13 slides from Mvb Financial's shareholder meeting presentation, May 17, 2016
Slide 1: Realizing Our Potential: Annual Shareholders Meeting
Spruce Knob, West Virginia REALIZING OUR POTENTIAL Annual Shareholders Meeting Larry F. Mazza, CEO & President May 17, 2016
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events, future financial condition, future results o
Slide 3: Agenda
Review MVB 2015 Performance Discuss Strategic Planning Focus 1st Update Quarter Performance Question & Answer Session 3 Agenda
Slide 4: MVB Overview
• MVB Financial Corp. – – Total Assets: $1.4 billion 13 branches, 19 mortgage offices, 5 insurance offices and a central operations center Three operating companies (MVB Bank, MVB Mortgage & MVB Insurance) Strong fee income streams – – • • Mortgage Fees:$29.5M(1) Insurance: $5.1M(1) – 24% loan and 2
Slide 5: 2015 Notable Events
• Opened two new, technology-focused branch locations in West Virginia, with automated interactive teller systems – – Tech Park (Fairmont) Charleston MVB AIT • Opened Reston, Virginia – – First MVB Bank branch location outside of West Virginia Implemented technology-focused branch • Integrated two b
Slide 6: Growth in Assets, Loans, Deposits and Net Income
Net Loans HFI ($M) Growth has been organic outside $93M in acquired loans(2) Total Assets ($M) $1,067 $1,200 $1,875 $1,500 $1,125 $750 $375 $0 $1,433 $1,384 $1,024 $900 $600 $300 $0 2007 2008 2009 2010 2011 2012 2013 2014 2015 Q1 2016 Total Deposits ($M) 2007 2008 2009 2010 2011 2012 2013 2014 2015
Slide 7: Strong Asset Quality
Nonperforming Assets ($000) $12,000 $9,000 $6,000 $3,000 $0 2010 2011 2012 2013 2014 2015 Q1 2016 Nonaccrual OREO 90+ DPD NPAs / Assets 2.71% 3.00% 2.25% 1.50% 0.75% 0.89% 0.76% 0.00% 2010 2011 2012 2013 2014 2015 Q1 2016 MVBF Regional Peers Note: Nonperforming assets include nonaccruals, OREO & 90+
Slide 8: MVB's Growth Strategies
8 Fee Income Streams •Enhance profitability in low interest rate environment •Wealth management •Mortgage to augment, not drive, profitability Opportunistic Growth •Explore potential acquisitions of branches, fee income businesses and whole banks •Focus on deposit-heavy banking targets •Team lift-ou
Slide 9: MVB: Strategic Focus
• MVB Bank – – Hire and develop top level talent Continue organic growth and improve profitability by enhancing existing franchise and expanding into attractive, growth markets Disciplined acquisition strategy – • MVB Mortgage – – – Utilize talent lift-outs to drive growth Leverage entry into market
Slide 10: Target Markets and Regions
• 6.1 million people, high-growth, median HHI >$91,000 and 4.1% unemployment(1) • Leverages MVB Mortgage in Northern Virginia • Recently opened full service Reston, VA branch East Region: Washington D.C. Metropolitan Area • West Virginia University, health care, growing private sector and US governm
Slide 11: 1st Quarter 2016 Financial Highlights
• • • • Net loans Held for Investment increased 29% YoY Deposits increased 26% YoY Approximately 94% of 2016 YTD deposit growth from non-time deposits Nonperforming loans declined 19.2% as of 3/31/16 compared to 12/31/15 11 Q1 2016 Financial Highlights ($000s except per share) FY 2014 FY 2015 Q1 201
Slide 12: Board of Directors Service
Special thanks to Roger and Sam for their valued contributions to the MVB Board of Directors. Roger Turner Sam Warash 12 Board of Directors Service
Slide 13: Thank You
Blue Ridge Mountains, Virginia THANK YOU! IR.MVBbanking.com 844-MVB-BANK