Mvb Financial Corp. · NASDAQ:MVBF
Mvb Financial — Investor Presentation (May 2025)
31 slides from Mvb Financial's investor presentation, May 15, 2025
Slide 1: Investor Presentation Q1 2025
1 INVESTOR PRESENTATION Q 1 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 presentation that are intended to be covered by the protections
Slide 3: Signs of the Clouds Clearing: Moving Forward with Caution & Optimism
3 Signs of the Clouds Clearing: Moving Forward with Caution & Optimism
Slide 4: MVB's Strategy on a Page
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: Key Connection Points Across the MVB Strategy
5 Victor CoRe Strategic Lending Gaming Payments Payments Gaming Provides deposit and non-interest income, as well as deposit funding sources for lending Provides deposit and non-interest income, and offers a key product to Gaming and Banking-as-a- Service clients to build our moat Provides deposit a
Slide 6: Q1 2025 Key Highlights
6 Source: Company documents and SEC Filings Q1 2025 Key Highlights • Net interest margin up 20 bps, to 3.63% from the prior quarter • Net interest income up 7.1% from the prior quarter • Noninterest expense down 14.6% from the prior quarter • Book value per share and tangible book value increased 1.
Slide 7: Leadership Confidence - Recent Insider Stock Purchases
7 Source: Company documents and SEC Filings Leadership Confidence - Recent Insider Stock Purchases • Members of MVB’s executive leadership and board of directors purchased stock in March 2025, including: Name Position Number of Shares Purchased Amount of Common Stock Beneficially Owned as of 3/31/20
Slide 8: Payments: MVB – A Modern Platform of Capabilities
8 Payments: MVB – A Modern Platform of Capabilities Money Movement of Any Kind
Slide 9: MVB Serves as the Engine in the Fintech Ecosystem
9 MVB Serves as the Engine in the Fintech Ecosystem Processor Acquiring Victor Fintech Program Manager Fed Settlement Processor Issuing Debit / Credit Networks Payments Gaming End User Fintechs End User Banks End User Merchants End User Cardholder / Consumer
Slide 10: MVB Fintech Banking | 2025-27 Growth Vehicles
10 MVB Fintech Banking | 2025-27 Growth Vehicles Payments Develop the complete platform of capabilities to support our clients’ money movement needs via all payment modalities, acquiring sponsorships, and issuing products. BaaS Optimize the existing relationship and develop the platform capabilities
Slide 11: Key Players in the Payment Ecosystem
11 Key Players in the Payment Ecosystem Source: Raymond James
Slide 12: Operating Performance of Payments Banks
12 Select public & private banks with assets < $10.0bn that derive a significant portion of their revenue from payment related activities Acquiring Banks Issuer Banks Electronic / Fintech Payments Higher capital levels Higher profitability More Efficient / higher fee income Less B/S leverage (2) (3)
Slide 13: Trading Performance of Public Payments Banks
13 Select public banks with < $10bn in assets that derive a significant portion of their revenue from payment related activities Acquiring Banks Issuer Banks Electronic / Fintech Payments Trading Performance of Public Payments Banks
Slide 14: Growth of MVB Payment Vehicle
14 Growth of MVB Payment Vehicle Source: Company documents and SEC Filings. $128 $170 $331 $478 $498 $0 $100 $200 $300 $400 $500 $600 2021 2022 2023 2024 2025 52% CAGR Payment Revenue ($ Thousands) Average Deposits of Payment Clients ($ Millions) $695 $1,495 $4,760 $7,670 $1,540 $3,143 2021 2022 202
Slide 15: Deposits
15 Deposits
Slide 16: Continued Growth of Deposit Base
16 Source: Company documents and SEC Filings $1,257 $1,339 $1,704 $1,753 $1,551 $1,120 $1,232 $1,197 $941 $1,033 $483 $724 $1,092 $1,425 $1,524 2021 2022 2023 2024 2025 Total Interest-bearing deposits Total Noninterest-bearing deposits Off Balance Sheet $4,119 On Balance Sheet: NIB/Total Deposits 40
Slide 17: On Balance Sheet Deposit Composition
17 On Balance Sheet Deposit Composition Source of On Balance Sheet Deposits CoRe* 61% Fintech 39% Title (C) 4% Speciality (C) 7% Retail (C) 15% Commercial (C) 25% Public Funds (C) 11% Gaming (F) 7% Payments (F) 19% BaaS (F) 12% Deposits Breakdown – 3/31/2025 Source: Company documents and SEC Filings
Slide 18: Deposits Breakdown 2025 vs. 2024
18 On Balance Sheet Deposit Composition – 3/31/2025 Source of On Balance Sheet Deposits – 3/31/2024 Title (C) 4% Speciality (C) 7% Retail (C) 15% Commercial (C) 25% Public Funds (C) 11% Gaming (F) 7% Payments (F) 19% BaaS (F) 12% Deposits Breakdown 2025 vs. 2024 Source: Company documents and SEC Fil
Slide 19: Growth of Fintech Banking at MVB | 2021 – 2025
19 Growth of Fintech Banking at MVB | 2021 – 2025 Source: Company documents and SEC Filings $1,624 $1,855 $2,038 $2,289 $2,354 2021 2022 2023 2024 2025 Gross Deposits ($ Millions) 12% CAGR Gross Fee Income ($ Thousands) $6,394 $12,330 $15,722 $15,264 $1,036 $4,327 $4,033 2021 2022 2023 2024 Q1 2024
Slide 20: Asset Quality
20 Asset Quality
Slide 21: Loan Portfolio Composition
21 Loan Portfolio Composition Portfolio by Industry Source: Company Documents. *2.9% of MVB’s total loans were non-owner-occupied office space. MVB’s CRE concentration as of 3/31/2025 was 228%. Commercial Business 31.3% Commercial Real Estate 31.9% Acquisition & Development 4.2% Home Equity 0.6% Res
Slide 22: Consistent, Top Tier Asset Quality Through Cycles
22 0.95% 0.47% 0.36% 1.17% 0.98% 0.64% 0.48% 0.52% 0.51% 0.71% 0.00% 0.50% 1.00% 1.50% 2021 2022 2023 2024 2025 MVBF Peers Non-Performing Loans / Total Loans 0.08% 0.36% 0.40% 0.20% 0.16% 0.04% 0.05% 0.29% 0.32% 0.45% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 2021 2022 2023 2024 2025 MVBF - Auto MVBF - No
Slide 23: Non-Performing Loans
23 Non-Performing Loans Source: Company Documents. All data as of March 31, 2025. By Loan Type ($ Thousands) NPLs – by Industry ($ Thousands) Energy $ 1,123 Other $ 442 Multifamily $ 13,156 Residential Mtg $ 1,700 Hotel $ 398 SBA Loans (various industries) $ 3,453 Consumer Auto $103 Commercial $4,91
Slide 24: Backer of Fintech
24 Backer of Fintech
Slide 25: Investments Focused on Strategic Partnerships
25 $- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 (i n t h o u sa n d s) Cash Investment Estimated Fair Value Investments Focused on Strategic Partnerships Source: Company documents. Backer of Fintech • Realized gains of
Slide 26: Capital Strength
26 Capital Strength
Slide 27: Bank Capital Position
27 9.6% 8.3% 8.6% 9.7% 10.2% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 2021 2022 2023 2024 2025 Tangible Common Equity / Tangible Assets (%) (1) 11.6% 9.8% 10.5% 11.2% 10.9% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 2021 2022 2023 2024 2025 Tier 1/Community Bank Leverage Ratio (%) Source: Company docu
Slide 28: Risk Management | Investments in Staffing and Capabilities
28 Risk Management | Investments in Staffing and Capabilities (3-year trend) Teams 2021 2022 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Risk Management 10 12 11 14 16 22 23 24 24 24 30 27 32 35 30 25 25 BSA/AML (MVB) 17 19 18 18 18 18 18 18 23 31 50 59 50 60 62 60 56 BSA/AML (
Slide 29: Caution Flag Mitigation
29 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 • Significant investment in risk & compliance team • Technical expertise and experienced FinTech
Slide 30: Awards & Accolades
Awards & Accolades Great Place To Work. Certified FEB 2024-FEB 2025 USA AMERICAN BANKER, Best Banks to Work For ‘AMERICAN BANKER Best Places to Work in Fintech
Slide 31: Tangible Common Equity / Tangible Assets reconciliation
31Source: Company documents. Tangible Common Equity / Tangible Assets (%) (Dollars in thousands) 2018 2019 2020 2021 2022 2023 2024 2025 Total equity attributable to parent $ 176,773 $ 211,936 $ 239,483 $ 274,328 $ 261,084 $ 289,342 $ 305,679 $ 310,054 Total assets 1,750,969 1,944,114 2,331,476 2,79