Slide 1: Investor Presentation
1 Investor Presentation M a y 9 , 2 0 2 5
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: MVB's Strategy on a Page (SOAP)
3 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 4: Business Highlights
Business Highlights 4
Slide 5: 2024 Key Highlights
2024 Key Highlights Source: Company documents and SEC filings | All data based upon 12/31 numbers 5 • Noninterest income up 117.7% from the prior year • Noninterest-Bearing Deposits 34.9% of total deposits • Book value per share and tangible book value increased 4.1% and 4.2% each, to $23.61 and $23
Slide 6: Driving Industry-Leading TBV Growth
Driving Industry-Leading TBV Growth $19.73 $22.17 $20.25 $22.43 $23.37 $23.85 $19.00 $20.00 $21.00 $22.00 $23.00 $24.00 $25.00 2020 2021 2022 2023 2024 Q1 2025 Source: Company documents and SEC Filings. Tangible Book Value (per share) 6
Slide 7: Experienced MVBF Board of Directors Overseeing Strategy
Experienced MVBF Board of Directors Overseeing Strategy Victor (Vic) R. Maculaitis Independent Director Year Appointed: 2025 Founder & Managing Partner of i3strategies Jan L. Owen Independent Director Year Appointed: 2022 Retired Senior Advisor, Manatt, Phelps & Phillips Former Commissioner of CA’s
Slide 8: Thorough Board Evaluation Processes
Thorough Board Evaluation Processes Source: Company documents and SEC filings | All data based upon 12/31 numbers As part of MVB’s commitment to sound corporate governance practices, MVB regularly assesses the skillsets and expertise of Directors to ensure that the appropriate strategic direction, a
Slide 9: Robust Board Oversight
Robust Board Oversight Risk & Compliance Committee Audit Committee Finance Committee Nominating & Corporate Governance Committee HR & Compensation Committee Oversee risk management programs for effectiveness and ensure the Board and management incorporate the appropriate risk management processes in
Slide 10: Compensation Elements and Structure
Compensation Elements and Structure Base Salary ✓ Fixed cash compensation that considers the qualifications, experience and scope appropriate to roles and responsibilities ✓ To maintain market competitiveness and attract and retrain top talent Annual Incentive Plan (AIP) ✓ Performance-based annual c
Slide 11: Compensation Governance Practices
Compensation Governance Practices • MVB has received strong shareholder support with an average of 92% for the last 5 years on its “Say on Pay” Proposal • Our program maintains a balanced pay structure that delivers a market-based balance between fixed and variable compensation elements • Our progra
Slide 12: Preview of 2025 Compensation Decisions
Preview of 2025 Compensation Decisions 2025 Target Compensation ✓ As part of our continued efforts to control fixed costs, the Committee again provided no increases in target compensation opportunities to our NEOs in 2025 2025 Annual and Long-Term Incentive Plan Designs ✓ The annual and long-term in
Slide 13: 2024 NEO Annual Incentive Plan Results
2024 NEO Annual Incentive Plan Results 2024 Target Pay Opportunities o No increases in target compensation opportunities in 2023, 2024 or 2025 o Our NEO’s received no other bonuses in 2024 (e.g., transaction or special bonuses) other than those tied to Company financial results & individual performa
Slide 14: Talent & Awards
14 Talent & Awards With team members in 32 states and Puerto Rico, MVB knows how to attract the best talent from across the country with the specialized skillsets needed to fuel our strategy. 2024 Key Leadership Additions “To position MVB for compliant, scalable growth in an increasingly complex fin
Slide 15: Questions?
15 Questions?