Slide 1: Investor Presentation Q4 2025
MVB FINANCIAL CORP. (NASDAQ: MVBF) INVESTOR PRESENTATION Q4 2025 ©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, TTM Fintech companies nationwide ▪ The CoRe banking business provides stable foundation, low-cost of funding, and regulatory expertise while the Fintech platform drives $3.3B $2.3B growth and margin ex
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 To positively impact people’s financial lives, one life at a time Respect, Love Trust Commitment & Caring Purpose Trusted partners on the financial Teamwork Adaptive frontier, committed to your success We turned plans Banking That’s Tech-Forward Banker of Choi
Slide 6: Experienced and Deep Leadership Team
EXPERIENCED AND DEEP LEADERSHIP TEAM ▪ With an average of 20+ years of experience across Technologies, Banks and Financial Services Larry F. Mazza Mike Sumbs Jeremy Kuiper President and CEO Chief Financial Officer Fintech President Joseph R. Rodriguez Julie A. O’Connor Michael L. Giorgio C. Brad Gre
Slide 7: MVB's Evolution Through Tech Innovation
MVB’S EVOLUTION THROUGH TECH INNOVATION $1.5B 10.1% $3.3B Organic Asset Total Assets 2017 CAGR Total Assets 2025 Scaled Fintech 2026+ ▪ Scale fintech platform Builder Phase ▪ Sponsorship lending 2018–2025 ▪ Robust payments pipeline ▪ Innovation ▪ Strengthen CoRe banking Fintech Pivot ▪ Incubator/bui
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” philos
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 ▪ Six mill
Slide 10: Robust Fintech Pipeline
ROBUST FINTECH PIPELINE • Strong pipeline of Fintech partnership opportunities across Issuing, Acquiring, Money Movement and Payments. • 7 new fintech partner / product launches since Q2 2025. Summary of Advanced-Stage Fintech Pipeline Recent Launches (since Q2 2025) 6 (# of Opportunities) (New Part
Slide 11: Technology & Risk Management as Competitive Advantage
TECHNOLOGY & RISK MANAGEMENT AS COMPETITIVE ADVANTAGE Expansion Phase: Data & AI Partners Expanding digital workers across the Digital organization Established Data Worker Pilot: and AI Center of Partnered with The Operational Lab and WorkFusion; implemented Claude Excellence: Formed dedicated AI an
Slide 12: 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 13: 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) ▪ Completed AFS securities repositioning in Q3 2025, enhancing future earnings 9.7% 10.1% ▪ Authorized second $10 mill
Slide 14: Tangible Book Value per Share Growth
TANGIBLE BOOK VALUE PER SHARE GROWTH Tangible Book Value per Share $28.00 $26.00 9.5% CAGR $26.17 $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 Dividend paid $0.26 $0.36 $0.51 $0.68 $0.68 $0.68 $0.68 per share $3.85 per share p
Slide 15: 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 1/31/2026 (YTD through 12/31/2025) $10.2M CEO & President Larry F. Mazza purchased 479,069 shares, or ~4% of outstanding 83K Of Compa
Slide 16: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 17: Q4 2025 Key Highlights
Q4 2025 KEY HIGHLIGHTS Net Interest Income Net Interest Margin Noninterest Bearing Deposits +6.5% +3.71% 40.3% on a fully tax- Up 16 basis points on a equivalent basis fully tax-equivalent basis of total deposits Payment Card and Tangible Book Value Per Share Service Charge Income $26.17 +19.4% Incr
Slide 18: Growth of MVB's Payments Focused Vehicle
GROWTH OF MVB’S PAYMENTS FOCUSED VEHICLE Deposits of Payments Payments Revenue Vehicle (period average) ($ Millions) ($ Millions) 46% CAGR 102% CAGR $11,534 $583 $478 $7,670 $331 $4,760 $170 $128 $1,495 $695 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Source: Company documents and SEC Filings
Slide 19: Diversified Deposit Base with Fintech and Core Bank Deposits
DIVERSIFIED DEPOSIT BASE WITH FINTECH AND CORE BANK DEPOSITS Data as of December 31, 2025 On Balance Sheet On Balance Sheet Deposit Composition Deposits by Source Payments (F) 23% BaaS (F) 12% Digital Assets (F) Fintech 1% Title (C) 42% 3% Gaming (F) 6% Speciality (C) 10% Public Funds (C) 9% CoRe* 5
Slide 20: Continued Remix of Deposit Portfolio with Future Repricing Opportunities
CONTINUED REMIX OF DEPOSIT PORTFOLIO WITH FUTURE REPRICING OPPORTUNITIES CD Balances Upcoming CD Maturities ▪ $357 million of CDs ($ Millions) ($ Millions) repricing over the next four quarters with a 4.52% weighted average rate of 4.32% $66 Wtd. Avg. $496 ▪ $66 million of brokered Rate $405 CDs mat
Slide 21: Strong Loan Growth
STRONG LOAN GROWTH Gross Loans ($ Millions) $2,343 $2,259 $2,153 $2,100 $2,063 2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 Source: Company documents and SEC Filings Investor Presentation | 2026 21
Slide 22: Diversified Loan Portfolio — 12/31/2025
DIVERSIFIED LOAN PORTFOLIO — 12/31/2025 Loan Portfolio Composition Loan Portfolio by Industry Residential Government Acquisition & 25.6% 0.9% Energy Development 2.6% Residential Financial 5.0% 4.0% 27.7% Consumer Retail Space Owner 7.0% 1.0% Occupied Real Estate 9.2% Other Multifamily 17.1% 3.5% Com
Slide 23: Consistently Strong Asset Quality Through Cycles
CONSISTENTLY STRONG ASSET QUALITY THROUGH CYCLES ACL/Total Loans ▪ Proactively managed credit in Q4 2025 1.10% ▪ Quarter-over-quarter increase in non-performing 1.05% 1.05% loans driven by one C&I credit 1.00% 1.01% ▪ Quarter-over-quarter decrease in classified assets 0.95% 0.95% 0.90% 0.94% 0.93% 0
Slide 24: Risk Management Strength and Capabilities
RISK MANAGEMENT STRENGTH AND CAPABILITIES 180 160 160 140 120 111 100 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 Risk Management BSA/AML (MVB) BSA/AML (Co-sourced FTE
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) 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 asse