Mvb Financial Corp. · NASDAQ:MVBF
Mvb Financial — Q1 2026 Earnings Presentation
26 slides from Mvb Financial's earnings presentation, Apr 29, 2026
Slide 1: Investor Presentation Q1 2026
MVB FINANCIAL CORP. (NASDAQ: MVBF) INVESTOR PRESENTATION Q1 2026 ©2026 MVB | Proprietary
Slide 2: Forward-Looking Statements
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 earnings release that are intended to
Slide 3: MVB Overview
MVB OVERVIEW ▪ MVB is an innovative bank focused on powering solutions for leading By the Numbers Fintech companies nationwide ▪ The CoRe banking business provides stable foundation, low-cost of funding, and regulatory expertise while the Fintech platform drives $3.3B $2.4B growth and margin expansi
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS A differentiated Fintech bank at an inflection point Multiple growth catalysts driven by expanding suite of Fintech product offerings Scalable business model — well positioned to capture expanding TAM Proven innovation engine — Victor sale validates builder/incubator DNA; leadi
Slide 5: MVB's Strategy on a Page (SOAP)
MVB’S STRATEGY ON A PAGE (SOAP) Our Why Purpose To positively impact people’s financial Trusted partners on the financial lives, one life at a time frontier, committed to your success Respect, Love & Caring Trust Commitment Adaptive Teamwork We turned plans Banking That’s Tech-Forward Banker of Choi
Slide 6: Experienced and Deep Leadership Team
EXPERIENCED AND DEEP LEADERSHIP TEAM Larry F. Mazza Mike Sumbs Jeremy Kuiper Joseph R. Rodriguez Julie A. O’Connor Michael L. Giorgio C. Brad Greathouse President and Chief Financial Fintech Chief Risk and Legal Chief Compliance Chief Operating Chief Administrative CEO Officer President Officer Offi
Slide 7: MVB's Evolution Through Tech Innovation
MVB’S EVOLUTION THROUGH TECH INNOVATION $1.5B 10% $3.3B Organic Asset Total Assets 2017 CAGR Total Assets 2026 Scaled Fintech 2026+ ▪ Scale fintech platform Builder Phase 2018–2025 ▪ Sponsorship lending ▪ Robust payments pipeline ▪ Innovation Fintech Pivot ▪ Strengthen CoRe banking ▪ Incubator/build
Slide 8: From Community Bank to Leading Fintech Banking Platform
FROM COMMUNITY BANK TO LEADING FINTECH BANKING PLATFORM Fintech Expertise: Proven ability to identify, incubate and monetize Fintech opportunities Regulatory Infrastructure: Established robust compliance framework supporting innovation Business Model Transformation: “Think bigger, do bigger” philoso
Slide 9: MVB Fintech Banking Growth Vehicles
MVB FINTECH BANKING GROWTH VEHICLES Payments Banking-as-a-Service Gaming ▪ Digital payments – fee income ▪ Low-cost deposit accounts ▪ Low-cost deposit accounts ▪ Merchant acquiring – fee income ▪ Emerging lending opportunities ▪ Player payouts – fee income ▪ Card issuing – fee income and ▪ Five mil
Slide 10: Robust Fintech Pipeline Funnel
ROBUST FINTECH PIPELINE FUNNEL • Strong pipeline of Fintech partnership opportunities across Issuing, Acquiring, Money Movement and Payments. • Seven new Fintech partner / product launches since Q2 2025. Summary of Advanced-Stage Fintech Pipeline Funnel Recent Launches (since Q2 2025) 6 (# of Opport
Slide 11: Technology & Risk Management as Competitive Advantage
TECHNOLOGY & RISK MANAGEMENT AS COMPETITIVE ADVANTAGE Digital Worker Growth: Expanding to 26 digital Data & AI Partners Digital Workers workers across core, and AI Growth: credit, BSA/AML and Built and deployed 10 Fintech by year end. Digital workers in the AI Deployed: 1st quarter. Expanded Impleme
Slide 12: Risk Management Strength and Capabilities
RISK MANAGEMENT STRENGTH AND CAPABILITIES 180 160 160 140 123 120 100 80 60 40 35 20 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Risk Management BSA/AML (MVB) BSA/AML (Co-sou
Slide 13: Strategic Capital Allocation Framework
STRATEGIC CAPITAL ALLOCATION FRAMEWORK Prioritize high-ROIC growth opportunities while maintaining strong regulatory capital and shareholder returns. Platform Investment Balance Sheet Optimization ▪ Technology infrastructure and ▪ Funding mix optimization AI/automation ▪ Liquidity management ▪ Payme
Slide 14: Strong Capital Position
STRONG CAPITAL POSITION Robust capital position provides opportunity for Consolidated Tangible Common continued balance sheet growth and optimization. Equity/Tangible Assets (%) (1) ▪ Redeemed $40 million of sub-debt in Q1 2026 9.7% 10.1% 10.0% 8.3% 8.6% 2022 2023 2024 2025 Q1 2026 Bank Leverage Rat
Slide 15: Tangible Book Value per Share Growth
TANGIBLE BOOK VALUE PER SHARE GROWTH Tangible Book Value per Share $28.00 $26.00 9% CAGR $26.17 $25.98 $24.00 $23.37 $22.00 $22.17 $22.43 $20.00 $20.25 $19.73 $18.00 $16.00 $15.20 $14.00 2019 2020 2021 2022 2023 2024 2025 Q1 2026 Dividend paid $0.26 $0.36 $0.51 $0.68 $0.68 $0.68 $0.68 $0.17 per shar
Slide 16: Strong Insider Support and Opportunistically Repurchasing Shares
STRONG INSIDER SUPPORT AND YTD Insider Stock Purchases OPPORTUNISTICALLY REPURCHASING SHARES $1.8M 133,197 shares purchased Share Repurchase Activity 1/1/2025 through 3/31/2026 (Since Q1 2025) $10.2M CEO & President Larry F. Mazza purchased 479,069 shares, or ~4% of outstanding 83K Of Company’s shar
Slide 17: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 18: Q1 2026 Key Highlights
Q1 2026 KEY HIGHLIGHTS Increase in Net Income Diluted EPS Noninterest Bearing Deposits +44.9% $0.39 34.9% From Q1 2025 Up 44.4% from Q1 2025 of total deposits Noninterest Income Tangible Book Value Per Share +17.1% $25.98 From Q1 2025 Up of 8.9% from Q1 2025 Strong Loan Growth Robust Deposit Growth
Slide 19: Growth of MVB's Payments Focused Vehicle
GROWTH OF MVB’S PAYMENTS FOCUSED VEHICLE Deposits of Payments Payments Revenue Vehicle (period average) ($ Thousands) ($ Millions) 102% CAGR 43% CAGR (2021-2025) $11,534 $11,540 $583 $588 $478 $7,670 $331 $4,760 $170 $128 $1,495 $695 2021 2022 2023 2024 2025 Q1 2026 2021 2022 2023 2024 2025 Q1 2026
Slide 20: Diversified Deposit Base with Fintech and CoRe Bank Deposits
DIVERSIFIED DEPOSIT BASE WITH FINTECH AND CORE BANK DEPOSITS Data as of March 31, 2026 On Balance Sheet On Balance Sheet Deposit Composition Deposits by Source Payments (F) 18% BaaS (F) Digital Assets (F) 12% 1% Fintech Gaming (F) Title (C) 39% 9% 4% CoRe* Commercial (C) 17% 61% Speciality (C) 28% R
Slide 21: Continued Remix of Deposit Portfolio with Future Repricing Opportunities
CONTINUED REMIX OF DEPOSIT PORTFOLIO WITH FUTURE REPRICING OPPORTUNITIES CD Balances Upcoming CD Maturities ▪ $393 million of CDs ($ Millions) ($ Millions) repricing over the next four quarters with a Wtd. Avg. weighted average rate of Rate 3.88% $405 ▪ $34 million of brokered 4.14% $305 3.97% 3.55%
Slide 22: Strong Loan Growth
STRONG LOAN GROWTH Gross Loans ($ Millions) $2,404 $2,343 $2,259 $2,153 $2,100 $2,063 2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Source: Company documents and SEC Filings Investor Presentation | 2026 22
Slide 23: Diversified Loan Portfolio — 3/31/2026
DIVERSIFIED LOAN PORTFOLIO — 3/31/2026 Loan Portfolio Composition Loan Portfolio by Industry Residential Government 27.3% 1.1% Energy Acquisition & 2.6% Residential Financial Development 25.1% 3.9% 4.4% Consumer Retail Space 1.6% 7.0% Owner Occupied Real Estate Multifamily 3.4% Other 8.7% 16.0% Auto
Slide 24: Consistently Strong Asset Quality Through Cycles
CONSISTENTLY STRONG ASSET QUALITY THROUGH CYCLES Non-Performing Loans ACL/Total Loans ($ Millions) Wtd. Avg. LTV 1.04% 1-4 Family SBA (7a & 504) 62% Residential/HELOC $4.5 1.00% $8.5 1.01% 0.96% C&I 0.95% $5.4 0.92% 0.94% 0.94% 0.93% Auto 0.88% CRE 2022 2023 2024 2025 Q1 2026 53% $16.2 $0.1 Non-Perf
Slide 25: Appendix: Non-GAAP Reconciliations
APPENDIX NON-GAAP RECONCILIATIONS
Slide 26: Appendix: Non-GAAP Reconciliation
APPENDIX: NON-GAAP RECONCILIATION Tangible Book Value per Common Share and Tangible Common Equity Ratio (%) (Dollars in thousands) 2020 2021 2022 2023 2024 2025 2026 Goodwill $ 2,350 $ 3,988 $ 3,988 $ 2,838 $ 2,838 $ 1,200 $ 1,200 Intangibles 2,400 2,316 1,631 352 262 -- -- Total intangible assets $