Slide 1: Investor Presentation Q2 Update
INVESTOR PRESENTATION Q 2 U P D A T E M V B – F 1 : S U C C E S S L O V E S S P E E D
Slide 2: Forward-looking statements
2 MVB Financial Corp. (“MVB” or the “Company”) has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this presentation that are intended to be covered by the protections
Slide 3: Gaining the Wet Track Advantage
3 GAINING THE WET TRACK ADVANTAGE DRIVING ON A WET TRACK WITH THE CAUTION FLAG OUT
Slide 4: Ayrton Senna quote on driving in the wet
4 “Driving in the wet really isn’t scary if you know how to approach it. It can prove to be a great advantage once you get it down.” - Ayrton Senna “You cannot overtake 15 cars in sunny weather... but you can when it’s raining.”
Slide 5: MVB's Strategy on a Page
5 Trust Commitment TeamworkRespect, Love & Caring Adaptive Our Why To positively impact the financial lives of 1 billion people, one life at a time Purpose Trusted partners on the financial frontier, committed to your success Fintech Lending Grand Flexia Fintech Venture Fund Strategic M&A Enterprise
Slide 6: Four Lanes on the Track in Revenue Growth
6 Four Lanes on the Track in Revenue Growth Provider-of-choice for specialized financial services to gaming, crypto, BaaS/LaaS, and payments companies Banker of Choice to Fintechs Builder and enabler of the next generation of Fintech and embedded finance solutions Builder of Fintechs Strategic inves
Slide 7: Defining Different Stages of Maturity
7 Defining Different Stages of Maturity D e s c r i p t i o nG a u g e s ▪ Launched on a calibrated line of sight backed by proof points ▪ Concentrated resources to achieve outsized results ▪ Beginning to generate revenue/profitability, course adjustments or recalibration underway ▪ Resources deploy
Slide 8: Banking That's Tech-Forward: Defining Stages of Maturity
8 SBA Expansion Strategic Lending Partnerships Gaming Crypto & Web3 Acquiring Expansion Venture Portfolio Warp Speed Holdings Issuing Expansion Banking as a Service Victor Fintech Lending Grand Flexia Fintech Venture Fund Banker of Choice to Fintechs Builder of Fintechs Backer of Fintechs T E S T T
Slide 9: Fast Track
oF FAST TRACK Strategic Lending Banking Partnerships That's al es Tech-Forward © ssscu, as
Slide 10: Track Record of Strong Loan Growth
10 Track Record of Strong Loan Growth YTD 2022 is through June 30, 2022. $1,096 $1,293 $1,375 $1,428 $1,852 $2,192 $- $500 $1,000 $1,500 $2,000 $2,500 2017 2018 2019 2020 2021 YTD 2022 Net Loans ($ Millions) 17% CAGR
Slide 11: Loan Portfolio Composition
11 Loan Portfolio Composition Portfolio by Industry Diversified Loan Portfolio Source: Company Documents. YTD 2022 is through June 20, 2022. Commercial real estate is abbreviated as “CRE”. Commercial Business 36.5% Commercial Real Estate 31.6% Acquisition & Development 5.1% SBA Paycheck Protection P
Slide 12: SBA Lending Momentum
12 SBA Lending Momentum SBA platform launched in Q1 2021 Source: Company Documents. ▪ Focus on 7A loans in specific industries ▪ Healthcare ▪ Funeral homes ▪ Insurance agencies ▪ National marketplace ▪ Expand current SBA team ▪ Increase targeted marketing activities ▪ Obtained SBA Preferred Lending
Slide 13: Test Track
ee TRACK Crypto & Web 3 Acquiring Expansion = rales of Choice evaevinc ERD to Fintechs sect “Banking as Serie NX? TEST TRACK Fintech Lending
Slide 14: Fintech Initiatives Drive Growth in Low-Cost Deposits
14 Fintech Initiatives Drive Growth in Low-Cost Deposits Source: Company documents and SEC Filings | YTD 2022 is through June 30, 2022. $1,034 $1,096 $986 $1,267 $1,257 $1,272 $126 $214 $279 $716 $1,120 $1,343 2017 2018 2019 2020 2021 YTD 2022 Total Interest-bearing deposits Total Noninterest-bearin
Slide 15: Vehicles Driving Deposit Growth
15 Gaming Deposits Crypto Deposits Vehicles Driving Deposit Growth Source: Company Documents. YTD 2022 is through June 30, 2022. $52 $120 $358 $912 $1,011 2018 2019 2020 2021 YTD 2022 D ep o si ts ( $ M ) $12 $97 $129 $194 2018 2019 2020 2021 YTD 2022 D ep o si ts ( $ M ) 134% CAGR 350% CAGR
Slide 16: Diversification of Noninterest Income
16 Diversification of Noninterest Income (Dollars in Thousands) Source: Company Documents. ICM is Intercoastal Mortgage Company, LLC. Six Months Ended June 30, 2022 June 30, 2021 Growth ($) Growth (%) Payment card and service charge income: Card acquiring income $ 1,733 $1,412 $321 22.7% Service cha
Slide 17: MVB's Card Acquiring Strategy
17 MVB’s Card Acquiring Strategy Source: Company documents Opportunity Scope Path to Success Key Partners The MVB Moat • Top tier risk-adjusted returns from industries we know • Furthering opportunities with Crypto Wallets and Gaming platforms, balanced with low-risk categories • Existing partnershi
Slide 18: MVB's Banking-as-a-Service Strategy
18 MVB’s Banking-as-a-Service Strategy Source: Company documents Opportunity Scope Path to Success Key Clients The MVB Moat • Premier partners offering MVB white-labeled banking services in niche markets • Scale nationally through increased consumer and commercial-based offerings • Balance sheet “op
Slide 19: Builder of Fintechs
Builder of Fintechs ral Wes QUALIFYING TRACK A? TEST TRACK
Slide 20: Builder of Fintech
20 Builder of Fintech Continuing progression as MVBF is looking toward the future of digital banking Source: Company documents. ▪ A digital bank account that lowers costs for merchants who experience a high velocity of money by leveraging intra-bank transfers (e.g., online gaming) ▪ Increases consum
Slide 21: Backer of Fintechs
Backer of Fintechs Venture Portfolio Crypto & Web3 Acquiring Expansion Fintech Venture Fund
Slide 22: Investments Focused on Strategic Partnerships
22 $- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 2016 2017 2018 2019 2020 2021 YTD 2022 (i n t h o u sa n d s) Cash Investment Estimated Fair Value Investments Focused on Strategic Partnerships Backer of Fintech Source: Company documents. YTD 2022 is through June
Slide 23: Strength, Safety and Soundness
23 Strength, Safety and Soundness
Slide 24: Consistent, Top Tier Asset Quality Through Cycles
24 0.37% 0.94% 0.95% 0.87%0.87% 0.94% 0.64% 0.60% -0.40% 0.30% 1.00% 1.70% 2019 2020 2021 YTD 2022 MVBF 2022 Peers Non-Performing Loans / Total Loans 0.07% 0.14% 0.08% 0.10%0.08% 0.08% 0.04% 0.03%0.01% 0.11% 0.21% 0.31% 2019 2020 2021 YTD 2022 MVBF 2022 Peers NCOs / Average Loans Consistent, Top Tie
Slide 25: Bank Capital Position
25 8.1% 8.7% 9.5% 9.8% 9.6% 8.3% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 2017 2018 2019 2020 2021 YTD 2022 Tangible Common Equity / Tangible Assets (%) (1) 10.7% 10.2% 9.9% 11.0% 11.6% 11.6% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 2017 2018 2019 2020 2021 YTD 2022 Tier 1/Community Bank Leverage Ratio (
Slide 26: Caution Flags – Mitigating Risks
26 Caution Flags – Mitigating Risks Caution Flag Mitigation Asset Quality Risk • Long history of strong asset quality • Proactive portfolio management • Disciplined and staged approach to new areas of lending Compliance/ Regulatory Risk • Investment in team through Chartwell and Paladin acquisitions
Slide 27: Appendix: Non-GAAP Reconciliation
27 Appendix: Non-GAAP Reconciliation Source: Company documents. YTD 2022 is through June 30, 2022. Tangible Common Equity / Tangible Assets (%) (Dollars in thousands) 2017 2018 2019 2020 2021 YTD 2022 Total stockholders’ equity $ 150,192 $ 176,773 $ 211,936 $ 239,483 $ 274,328 $ 252,300 Total assets