Slide 1: 27th Annual Meeting of Shareholders, May 20, 2025
1 27th ANNUAL MEETING OF SHAREHOLDERS M A Y 2 0 , 2 0 2 5
Slide 2: Message from the CEO
2 Message from the CEO
Slide 3: Speaker Larry F. Mazza, CEO, MVBF & MVB Bank
3 Speaker Larry F. Mazza CEO, MVBF & MVB Bank
Slide 4: MVB's Strategy on a Page (SOAP)
4 MVB’s Strategy on a Page (SOAP) 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
Slide 5: Growth of MVB Payment Vehicle
5 Growth of MVB Payment Vehicle Source: Company documents and SEC Filings. $128 $170 $331 $478 $0 $100 $200 $300 $400 $500 $600 2021 2022 2023 2024 55% CAGR Payment Revenue ($ Thousands) Average Payment Deposits ($ Millions) $695 $1,495 $4,760 $7,670 2021 2022 2023 2024 123% CAGR
Slide 6: Continued Growth of Deposit Base
6 Source: Company documents and SEC Filings $1,267 $1,257 $1,339 $1,704 $1,753 $716 $1,120 $1,232 $1,197 $941 $295 $483 $724 $1,092 $1,425 2020 2021 2022 2023 2024 Total Interest-bearing deposits Total Noninterest-bearing deposits Off Balance Sheet $3,993 On Balance Sheet: NIB/Total Deposits 35%Depo
Slide 7: Growth of Fintech Banking at MVB | 2020 – 2024
7 Growth of Fintech Banking at MVB | 2020 – 2024 Source: Company documents and SEC Filings. *Commercial and Retail. (F) – Fintech deposits. (C) – CoRe deposits. $829 $1,624 $1,855 $2,038 $2,289 2020 2021 2022 2023 2024 Gross Deposits ($ Millions) 29% CAGR Gross Fee Income ($ Thousands) $1,286 $6,394
Slide 8: Consistent, Top Tier Assets Quality Through Cycles
8 0.94% 0.95% 0.47% 0.36% 1.17% 0.94% 0.64% 0.48% 0.52% 0.51% 0.00% 0.50% 1.00% 1.50% 2020 2021 2022 2023 2024 MVBF Peers Non-Performing Loans / Total Loans 0.14% 0.08% 0.36% 0.40% 0.20% 0.08% 0.04% 0.05% 0.29% 0.32% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 2020 2021 2022 2023 2024 MVBF - Auto MVBF - Non
Slide 9: Bank Capital Position
9 9.8% 9.6% 8.3% 8.6% 9.7% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 2020 2021 2022 2023 2024 Tangible Common Equity / Tangible Assets (%) (1) 11.0% 11.6% 9.8% 10.5% 11.2% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 2020 2021 2022 2023 2024 Tier 1/Community Bank Leverage Ratio (%) Source: Company documents. (
Slide 10: 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