Mvb Financial Corp. · NASDAQ:MVBF
Mvb Financial — Q2 2025 Earnings Presentation
26 slides from Mvb Financial's earnings presentation, Jul 28, 2025
Slide 1: Investor Presentation Q2 2025
1 INVESTOR PRESENTATION Q 2 2 0 2 5 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 earnings release that are intended to be covered by the protect
Slide 3: New Horizons: Driving Forward with Optimism
3 New Horizons: Driving Forward with Optimism
Slide 4: MVB's Strategy on a Page (SOAP)
4 Trust Commitment TeamworkRespect, Love & Caring Adaptive Compliance and Risk Management Talent and Culture Operational Excellence Our Why To positively impact people’s financial lives, one life at a time Purpose Trusted partners on the financial frontier, committed to your success MVB’s Strategy o
Slide 5: Q2 2025 Key Highlights
5 Source: Company documents and SEC Filings Q2 2025 Key Highlights • Pre-tax, pre-provision income growth of 3.5% over Q1 2025 • Net interest margin up 3 bps, to 3.66% (2nd consecutive quarter of margin expansion) • Total noninterest income up 13.4% • Loan growth of 4.4% in the quarter • Deposit gro
Slide 6: Strong Insider Support and Opportunistically Repurchasing Shares
6 Strong Insider Support and Opportunistically Repurchasing Shares $6.4M 314,580 shares repurchased in Q2 2025 $502K 28,698 shares purchased YTD 6/30/2025 Q2 Share Repurchase Activity YTD Insider Stock Purchases $4.4M 40 consecutive quarters of dividends paid YTD Common Dividends Paid Source: Compan
Slide 7: Payments: A Modern Platform of Capabilities
7 Payments: A Modern Platform of Capabilities Money Movement of Any Kind
Slide 8: MVB Fintech Banking | 2025-27 Growth Vehicles
8 MVB Fintech Banking | 2025-27 Growth Vehicles Banking-as-a-Service GamingPayments Supporting our growth vehicles ▪ ACH, Wire, RTP ▪ Acquiring & Issuing ▪ Payment & money movement programs ▪ Deposit accounts ▪ Money movement / payments ▪ Deposit accounts ▪ Money movement / payments ▪ Proprietary Sa
Slide 9: Growth of MVB's Payments Focused Vehicle
9 Growth of MVB’s Payments Focused Vehicle Source: Company documents and SEC Filings. $128 $170 $331 $478 $472 $0 $100 $200 $300 $400 $500 $600 2021 2022 2023 2024 6/30/2025 45% CAGR Payment Revenue ($ Thousands) Deposits of Payment Vehicle (period average) ($ Millions) $695 $1,495 $4,760 $7,670 $5,
Slide 10: Fintech Pipeline Summary
10 Fintech Pipeline Summary Initial Discovery 16 In-Depth Discussions / Internal Review 16 Finalizing Terms 4 LOI / Contracted 2 Implementing 9 Summary of Fintech Pipeline by Stage with 47 Prospects Composition of Fintech Pipeline by # of Opportunities (as of July 14, 2025) 20% 41% 13% 26% Focused o
Slide 11: Prioritizing Profitable Stablecoin Opportunities
11 Prioritizing Profitable Stablecoin Opportunities MVB Focused Opportunities 1 Payments Provide new payment rail to our clients to reduce their payment costs 2 Global Treasury and xBorder Sponsor xBorder or Global Treasury fintech companies utilizing stablecoin payment rails 3 Merchant Processing S
Slide 12: Deposits
12 Deposits
Slide 13: Strong Funding and Liquidity Position
13 Source: Company documents and SEC Filings $1,754 $1,050 $1,105 Off Balance Sheet Total Noninterest-bearing deposits Total Interest-bearing deposits $3,909 Deposits ($ Millions) Strong Funding and Liquidity Position $355 $118 $1,105 $600 $181 $67 Liquidity Sources ($ Millions) Cash and Cash Equiva
Slide 14: Diversified Deposit Base with Fintech and CoRe Bank Deposits
14 On Balance Sheet Deposit Composition Deposits by Source CoRe* 59% Fintech 41% Title (C) 4% Speciality (C) 7% Retail (C) 13% Commercial (C) 26% Public Funds (C) 9% Gaming (F) 7% Digital Assets (F) 8% Payments (F) 15% BaaS (F) 11% Diversified Deposit Base with Fintech and CoRe Bank Deposits Source:
Slide 15: Growth of Fintech Banking at MVB | 2021 – 2025
15 Growth of Fintech Banking at MVB | 2021 – 2025 Source: Company documents and SEC Filings $1,624 $1,855 $2,038 $2,289 $2,136 2021 2022 2023 2024 6/30/2025 Gross Deposits ($ Millions) 8% CAGR Gross Fee Income ($ Thousands) $6,394 $12,330 $15,722 $15,264 $8,030 2021 2022 2023 2024 Q2 2025 YTD 34% CA
Slide 16: Loan Portfolio & Asset Quality
16 Loan Portfolio & Asset Quality
Slide 17: Loan Portfolio Composition
17 Loan Portfolio Composition Loan Portfolio by Industry Source: Company Documents. Commercial Business 31.3% Commercial Real Estate 32.9% Acquisition & Development 4.8% Home Equity 0.5% Residential 29.7% Consumer 0.8% Other 19.4% Office Space 4.7%Commercial Construction 2.7% Healthcare 22.2% Auto 2
Slide 18: Consistently Strong Asset Quality Through Cycles
18 0.95% 0.47% 0.36% 1.17% 0.97% 0.00% 0.40% 0.80% 1.20% 1.60% 2021 2022 2023 2024 2025 Non-Performing Loans / Total Loans 0.08% 0.36% 0.40% 0.20% 0.10% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 2021 2022 2023 2024 2025 MVBF - Auto MVBF - Non-Auto MVBF - Total NCOs / Average Loans Source: Company document
Slide 19: Non-Performing Loans
19 Non-Performing Loans Source: Company Documents. All data as of June 30, 2025. Non-Performing Loans – by Loan Type ($ Thousands) Non-Performing Loans – by Industry ($ Thousands) Energy $ 523 Other $ 548 Multifamily $ 12,869 Residential Mtg $ 2,041 Hotel $ 929 SBA Loans (various industries) $ 4,145
Slide 20: Capital Strength
20 Capital Strength
Slide 21: Capital Position
21 9.6% 8.3% 8.6% 9.7% 9.3% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 2021 2022 2023 2024 6/30/2025 Tangible Common Equity / Tangible Assets (%) (1) 11.6% 9.8% 10.5% 11.2% 11.4% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 2021 2022 2023 2024 6/30/2025 Tier 1/Community Bank Leverage Ratio (%) Source: Company d
Slide 22: AI Implementation Operational Excellence
22 AI Implementation Operational Excellence
Slide 23: Implementing AI and Automation to Drive Efficiency
23 Implementing AI and Automation to Drive Efficiency Built Data Foundation: Implemented Snowflake and Data Transformation tools to build clean data lake Upgraded Transaction Monitoring: Implemented AI-driven Risk Canvas for transaction monitoring Established Data & AI Center of Operational Excellen
Slide 24: Risk Management Strength and Capabilities
24 Risk Management Strength and Capabilities Teams 2021 2022 2023 2024* 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Risk Management 10 12 11 14 16 22 23 24 24 24 30 27 32 35 30 25 25 27 BSA/AML (MVB) 17 19 18 18 18 18 18 18 23 31 50 59 50 60 62 60 56 61 BSA/AML (Co-sourced FTEs) 5 12
Slide 25: Appendix Non-GAAP Reconciliations
25 Appendix Non-GAAP Reconciliations
Slide 26: Tangible Common Equity / Tangible Assets (%)
26 Source: Company documents. Tangible Common Equity / Tangible Assets (%) (Dollars in thousands) 2021 2022 2023 2024 6/30/2025 Total equity attributable to parent $ 274,328 $ 261,084 $ 289,342 $ 305,679 $ 302,315 Total assets 2,792,449 3,068,860 3,313,882 3,128,704 $ 3,224,008 Equity to assets 8.7%