Mvb Financial Corp. · NASDAQ:MVBF
Mvb Financial — Shareholder Meeting (May 2021)
15 slides from Mvb Financial's shareholder meeting presentation, May 18, 2021
Slide 1: Adaptive
ADAPTIVE Culture is part of our DNA. ' a . a We think bigger - af and DO BIGGER! ’ i | - =a" at woe = = -=--2 "s ¥ - | “pig. OW. : » 6 ey \ \ <9bh® MVB e-
Slide 2: Our Purpose & Values
Our Purpose & Values “Trusted Partners on the Financial Frontier — Committed to Your Success!” oO ISL VY TRUST COMMITMENT RESPECT, LOVE, & lam reliable and act | take ownership of my CARING with integrity. | can be responsibilities in lam respectful, counted on and count support of MVB considerate a
Slide 3: Our Why
Our Why MVB’s Moonshot To positively impact the financial lives of 1 billion people.
Slide 4: Our How
Our How MVB Drives Stakeholder Success MVB has identified a series of actions that keep our flywheel spinning and drive your success. in ionate At Player Talent with a Growth Mindset Positively Impact the Cultivate a Powerful Global Financial Reputation Lives of 1B People Fund Strategic Investments
Slide 5: Top Banks in the U.S. by Deposit Accounts
Top Banks in the U.S. by Deposit Accounts Rank Financial Institution Assets Customer Accounts cl Bank of America $2,258,832,000,000 118,052,260 D Wells Fargo Bank $1,767,808,000,000 67,495,280 3 Chase Bank $3,025,285,000,000 63,038,730 4 US Bank $544,774,160,000 36,881,647 2 TD Bank $401,511,800,000
Slide 6: ICBA Top Performing Community Banks for 2020 Year Average
ICBA Top Performing Community Banks for 2020 3 Year Average Rank Bank Name City State Pre-Tax ROA 1 NBKC Bank Kansas City MO 10.86 D: Gateway First Bank Jenks OK 6.02 3 Plains Commerce Bank Hoven sD 5.43 4 BNC National Bank Glendale AZ 3.64 5 Northpointe Bank Grand Rapids MI 3.56 15 MVB Bank, Inc. F
Slide 7: 2020 Significant Transactions
2020 Significant Transactions FDIC-assisted Acquisition of gis poe ae Invest the First State ombination ~~ Forward, Inc. [ici Cac)icu Bank, i with Acquisition 2 Intercoastal Barboursville, WV Mortgage, LLC
Slide 8: Total Assets
Total Assets $2,800 $2,646 $2,600 R 1b! cAe' $2,400 $2,331 $2,200 $2,000 $1,944 $1,800 $1,751 in thousands $1,600 $1,534 $1,419 $1,400 $1,200 $1,000 2016 2017 2018 2019 2020 YTD 2021 MVB, Source: Company documents. YTD 2021 is through March 31, 2021.
Slide 9: Net Income
Net Income $40,000 GR $37,411 yt CAS $35,000 $30,000 $26,991 . 2 $25,000 g i ° E =] = $20,000 $15,000 $12,912 $12,003 sit a oun a sa $5,000 | | 2016 2017 2018 2019 2020 YTD 2021 Source: Company documents. YTD 2021isthrough March 3, 2021
Slide 10: Consistent, Top Tier Asset Quality Through Cycles
Consistent, Top Tier Asset Quality Through Cycles 2.80% : N 0.85% ‘ N = 2.10% ’ x 0.60% Mig 1.40% x eS ase ee eee 0.7% oie. 0% 0.70% Pai 0.10% ei 016% 0.00% 0.15% 01% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 11: Deposit Growth with NIB Focus
Deposit Growth with NIB Focus $2,500,000 40% 2,049,453 1% cAGR 72088; 35% 6 $2,000,000 its: 7 = B pepe 1,778,071 5 g NI 3 2 30% © $1,500,000 g zg $1,227,269 5 2 25% 2 a $1,013,318 7 © $1,000,000 $879,195 $922,492 e 2 20% Z $500,000 15% s 10% 2016 2017 2018 2019 2020 YTD 2021 mes erage Interes-vearin
Slide 12: Net Interest Margin
Net Interest Margin 3.70% si60% 3.59% NIM Recon: n Qi 2021 Tax-equivalent net interest margin (%) 3.26% Less: 3.50% Tax-equivalent adjustments (0.07}% 3.40% Pc Es | Plus: Impact of excess liquidi 0.36% 3.30% Pe iquidity Impact of PPP loans 0.10% Impact of FSB acquisition (0.06)% 3.20% IP a (0.06): 3
Slide 13: Cash Dividends per Share
Cash Dividends per Share $0.40 $0.36 $0.35 ath cack cle (& 0.30 o $ oe ¢ S $0.25 Ss $0.20 $0.195 $0.15 $0.10 $0.14 $0.10 $0.10 $0.08 “ | $0.00 2016 2017 2018 2019 2020 YTD 2021 Source: Company documents. YTD 2021isthrough March 3, 2021
Slide 14: Tangible Book Value
Tangible Book Value $22.00 15% cCAGR $19.73 $19.98 $19.00 o £ @,948:00 $15.20 2 $13.00 $12.92 $11.80 $11.01 3000 2016 2017 2018 2019 2020 YTD 2021 m™2016 ©2017 m2018 2019 ™2020 YTD 2021 MVB Source: Company documents. YTD 2021 is through March 31, 2021.
Slide 15: Cumulative Total Shareholder Return
Cumulative Total Shareholder Return $400.00 $351.34 $350.00 $300.00 @ $250.00 $195.85 $200.00 $150.00 --7 _-- 7 $182.94 Index Valu: $100.00 $50.00 $0.00 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 05/14/2021 ome MVB Financial Corp. — —KBW Bank Index -— — Russell 2000 Assumes $1