Mvb Financial (MVBF) Goodwill (2011 - 2023)
Mvb Financial (MVBF) recorded quarterly Goodwill of $2.8 million in Q4 2023, little changed on a QoQ basis from $2.8 million in Q3 2023, and down 28.84% YoY from $4.0 million in Q4 2022.
Analysis
Mvb Financial (MVBF) Goodwill (2011 - 2023) Analysis & Trends
Mvb Financial (MVBF) has reported Goodwill for 13 consecutive years, with $2.8 million the latest figure, recorded in Q4 2023.
- For the quarter ending Q4 2023, Goodwill fell 28.84% year-over-year to $2.8 million; the trailing twelve-month figure through Dec 2023 stood at $2.8 million (down 28.84% YoY), and the FY2023 full-year result was $2.8 million, down 28.84% from the prior year.
- Goodwill was $2.8 million for Q4 2023 at Mvb Financial, roughly flat from $2.8 million in the prior quarter.
- The five-year high for Goodwill was $19.6 million in Q3 2019, with the low at $2.4 million in Q3 2020.
- Historically, Goodwill has averaged $8.1 million across 5 years, with a median of $4.0 million in 2021.
- Annual changes were most pronounced in 2020 — Goodwill slumped 88.03% — and 2021, when it surged 69.7%.
- Tracing MVBF's Goodwill over 5 years: stood at $19.6 million in 2019, then slumped by 88.03% to $2.4 million in 2020, then surged by 69.7% to $4.0 million in 2021, then changed by 0.0% to $4.0 million in 2022, then slipped by 28.84% to $2.8 million in 2023.
- Per Business Quant data, the three most recent Goodwill figures were $2.8 million in Q4 2023, $2.8 million in Q3 2023, and $2.8 million in Q2 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn |
| 10 | Mvb Financial | 396.05 Mn | 20.95 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 2.84 Mn |
| Sep 30, 2023 | 2.84 Mn |
| Jun 30, 2023 | 2.84 Mn |
| Mar 31, 2023 | 2.84 Mn |
| Dec 31, 2022 | 3.99 Mn |
| Sep 30, 2022 | 3.99 Mn |
| Jun 30, 2022 | 3.99 Mn |
| Mar 31, 2022 | 3.99 Mn |
| Dec 31, 2021 | 3.99 Mn |
| Sep 30, 2021 | 3.99 Mn |
| Jun 30, 2021 | 4.12 Mn |
| Mar 31, 2021 | 2.35 Mn |
| Dec 31, 2020 | 2.35 Mn |
| Sep 30, 2020 | 2.35 Mn |
| Jun 30, 2020 | 19.23 Mn |
| Mar 31, 2020 | 19.63 Mn |
| Dec 31, 2019 | 19.63 Mn |
| Sep 30, 2019 | 19.63 Mn |
| Jun 30, 2019 | 18.48 Mn |
| Mar 31, 2019 | 18.48 Mn |