Mvb Financial Corp. · NASDAQ:MVBF
Mvb Financial — Investor Presentation (November 2022)
19 slides from Mvb Financial's investor presentation, Nov 2, 2022
Slide 1: Investor Presentation Q3 Update
INVESTOR PRESENTATION Q 3 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
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 p
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: MVB's Strategy on a Page – Q1 2022
4 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 5: Four Lanes on the Track in Revenue Growth
5 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 6: Defining Different Stages of Maturity
6 Defining Different Stages of Maturity Desc r i p t i onGauges § 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 deployed to ama
Slide 7: Fast Track, Qualifying Track and Test Track vehicles
7 SBA Expansion Strategic Lending Partnerships Gaming Crypto & Web3 Acquiring Expansion Venture Portfolio Victor Banker of Choice to Fintechs Builder of Fintechs Backer of Fintechs T E S T T R A C K Q U A L I F Y I N G T R A C K F A S T T R A C K Banking That’s Tech-Forward Defining Different Stages
Slide 8: Track Record of Strong Loan Growth
8 Track Record of Strong Loan Growth YTD 2022 is through September 30, 2022. $1,096 $1,293 $1,375 $1,428 $1,852 $2,445 $- $500 $1,000 $1,500 $2,000 $2,500 $3,000 2017 2018 2019 2020 2021 YTD 2022 Net Loans ($ Millions) 18% CAGR SBA Expansion Strategic Lending Partnerships Fast Track Vehicles:
Slide 9: Loan Portfolio Composition
9 Loan Portfolio Composition Portfolio by Industry Source: Company Documents. YTD 2022 is through September 30, 2022. Commercial real estate is abbreviated as “CRE.” Commercial Business 34.5% Commercial Real Estate 28.4% Acquisition & Development 5.3% Other 1.6% Residential 24.5% Consumer 5.7% Other
Slide 10: Consistent, Top Tier Asset Quality Through Cycles
10 0.37% 0.94% 0.95% 0.90%0.87% 0.94% 0.64% 0.64% -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% 0.15% 0.08% 0.08% 0.04% 0.06% 0.01% 0.11% 0.21% 0.31% 2019 2020 2021 YTD 2022 MVBF 2022 Peers NCOs / Average Loans Source: Company d
Slide 11: SBA Lending Momentum
11 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 Partner (PLP) Nine Mo
Slide 12: Fintech Initiatives Drive Growth in Low-Cost Deposits
12Source: Company documents and SEC Filings | YTD 2022 is through September 30, 2022. $1,034 $1,096 $986 $1,267 $1,257 $1,285 $126 $214 $279 $716 $1,120 $1,412 2017 2018 2019 2020 2021 YTD 2022 Total Interest-bearing deposits Total Noninterest-bearing deposits NIB/Deposits 11% NIB/Deposits 52% Depos
Slide 13: Investments Focused on Strategic Partnerships
13 $- $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 (in th ou sa nd s) Cash Investment Estimated Fair Value Investments Focused on Strategic Partnerships Source: Company documents. YTD 2022 is through September 30, 2022. Backer
Slide 14: Creating Momentum
14 Creating Momentum 2022 Market Obstacles • Increase in Pre-Provision Net Interest Income: $22.7 million • Increase in Payment card and service charge income: $4.9 million • Increase in Consulting fee income: $5.2 million Still on Track (YTD 9.2021 – YTD 9.2022) • Reduced mortgage fee income: $13.4
Slide 15: Non-interest income detail
15Source: Company Documents. ICM is Intercoastal Mortgage Company, LLC. Nine Months Ended September 30, 2022 September 30, 2021 Growth ($) Growth (%) Payment card and service charge income: Card acquiring income $ 2,293 $2,104 $189 9.0% Service charges on deposits 2,734 499 $2,235 447.9% Interchange
Slide 16: MVB's Strategy on a Page – Q4: Adapting to Wet Track Conditions
16 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 Enterpris
Slide 17: Bank Capital Position
17 8.1% 8.7% 9.5% 9.8% 9.6% 7.6% 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% 11.1% 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 18: Caution Flag Mitigation
18 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 • Technical expertise and experi
Slide 19: Tangible Common Equity / Tangible Assets reconciliation
19Source: Company documents. YTD 2022 is through September 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 $ 243,873 Total assets 1,534,302 1,750,969 1,944,114
MVB Financial — Investor Presentation (November 2022) on 6ix