Slide 1: Investor Presentation Q4 2025
1 INVESTOR PRESENTATION Q 4 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 MVB’s Strategy on a Page (SOAP) We started anticipating and leading change. We turned plans into action. 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
Slide 5: Q4 2025 Key Highlights
5 Source: Company documents and SEC Filings Q4 2025 Key Highlights • Net interest income on a fully tax-equivalent basis up 6.5% • Net interest margin on a fully tax-equivalent basis up 16 basis points to 3.71% • Strong loan growth of $83.8 million, or 3.7%, from the prior quarter and $243.0 million
Slide 6: Strong Insider Support and Opportunistically Repurchasing Shares
6 Strong Insider Support and Opportunistically Repurchasing Shares $10.2M 479,069 shares, or ~4% of outstanding shares, repurchased in 2025 $516K 29,197 shares purchased YTD 12/31/2025 YTD Insider Stock Purchases $8.7M 42 consecutive quarters of dividends paid YTD Common Dividends Paid Source: Compa
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 Growth Vehicles
8 MVB Fintech Banking Growth Vehicles Banking-as-a-Service GamingPayments ▪ ACH, Wire, RTP ▪ Acquiring & Issuing ▪ Payment & money movement programs ▪ Deposit accounts ▪ Money movement / payment solutions ▪ Deposit accounts ▪ Money movement / payment solutions ▪ Partnership with Victor Technologies,
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 $583 2021 2022 2023 2024 2025 46% CAGR Payments Revenue ($ Thousands) Deposits of Payments Vehicle (period average) ($ Millions) $695 $1,495 $4,760 $7,670 $11,534 2021 2022 2023 2024 2025 102% C
Slide 10: Fintech Pipeline Summary
10 Fintech Pipeline Summary Finalizing Terms 24 Implementation (Signed MSA or LOI) 15 Testing 10 Launched* 4 Partner Type Service Launch Testing Phase: 1. Disbursements Money Movement Q1 2026 2. Cross Border Payments Money Movement Q1 2026 3. Merchant Acquirer Check Services Q1 2025 4. Loyalty Rewar
Slide 11: Deposits
11 Deposits
Slide 12: Strong Funding and Liquidity Position
12 Source: Company documents and SEC Filings $1,697 $1,145 $733 Off Balance Sheet Total Noninterest-bearing Deposits Total Interest-bearing Deposits $3,575 Deposits ($ Millions) Strong Funding and Liquidity Position $244 $209 $733 $702 $180 $67 Liquidity Sources ($ Millions) Cash and Cash Equivalent
Slide 13: On Balance Sheet Deposit Composition
13 On Balance Sheet Deposit Composition Deposits by Source CoRe* 58% Fintech 42% Title (C) 3% Speciality (C) 10% Retail (C) 14% Commercial (C) 22% Public Funds (C) 9% Gaming (F) 6% Digital Assets (F) 1% Payments (F) 23% BaaS (F) 12% Diversified Deposit Base with Fintech and CoRe Bank Deposits Source
Slide 14: Continued Remix of Deposit Portfolio with Future Repricing Opportunities
14 Continued Remix of Deposit Portfolio with Future Repricing Opportunities Source: Company documents and SEC Filings $158 $81 $30 $6 $66 $4 $13 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Retail CDs Brokered Deposits 4.52% 4.01% 4.09% 3.11% Wtd. Avg. Rate ▪ $357 million of CDs repricing over the next 4 quarter
Slide 15: Loan Portfolio & Asset Quality
15 Loan Portfolio & Asset Quality
Slide 16: Strong Loan Growth
16 Strong Loan Growth Source: Company documents and SEC Filings $2,100 $2,063 $2,153 $2,259 $2,343 2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 Gross Loans ($ Millions) ▪ ~12.0% loan growth in 2025 ▪ Recently hired government contract lending team focused on Northern VA / DC market
Slide 17: Loan Portfolio Composition
17 Loan Portfolio Composition Loan Portfolio by Industry Source: Company Documents. Commercial Business 20.2% Home Equity 0.4% Commercial Real Estate 38.7% Owner Occupied Real Estate 9.2% Acquisition & Development 5.0% Residential 25.6% Consumer 1.0% Other 17.1% Office Space 4.1% Commercial Construc
Slide 18: Consistently Strong Asset Quality Through Cycles
18 0.95% 0.47% 0.36% 1.17% 1.30% 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% 0.26% 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: Capital Strength
19 Capital Strength
Slide 20: Strong Capital Position
20 8.3% 8.6% 9.7% 10.1% 2022 2023 2024 2025 Consolidated Tangible Common Equity / Tangible Assets (%) (1) 9.8% 10.5% 11.2% 11.1% 2022 2023 2024 2025 Bank Leverage Ratio (%) Source: Company documents. (1) TCE/TA is for the Holding Company and is a non-GAAP financial measure. A reconciliation of non-G
Slide 21: Tangible Book Value per Share Growth
21 Tangible Book Value per Share Growth Source: Company documents and SEC Filings $15.20 $19.73 $22.17 $20.25 $22.43 $23.37 $26.17 $14.00 $16.00 $18.00 $20.00 $22.00 $24.00 $26.00 $28.00 2019 2020 2021 2022 2023 2024 2025 Tangible Book Value per Share 9.5% CAGR Dividend paid per share $0.26 $0.36 $0
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 Digital Worker Pilot: Partnering with The Lab and WorkFusion to build and begin deploying digital workers Expansion Phase: Continued expansion of digital workers across HR, Accounting, Operations, Risk, Compliance, and Lending; 2H 2025 1H 2026 2H
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 Q3 Q4 Risk Management 10 12 11 14 16 22 23 24 24 24 30 27 32 35 30 25 25 27 27 27 BSA/AML (MVB) 17 19 18 18 18 18 18 18 23 31 50 59 50 60 62 60 56 61 59 54 BSA/AML (Co-s
Slide 25: Appendix Non-GAAP Reconciliations
25 Appendix Non-GAAP Reconciliations
Slide 26: Tangible Book Value per Common Share and Tangible Common Equity Ratio
26 Source: Company documents. Tangible Book Value per Common Share and Tangible Common Equity Ratio (%) (Dollars in thousands) 2019 2020 2021 2022 2023 2024 2025 Goodwill $ 19,630 $ 2,350 $ 3,988 $ 3,988 $ 2,838 $ 2,838 $ 1,200 Intangibles 3,473 2,400 2,316 1,631 352 262 -- Total intangible assets $