Mvb Financial (MVBF) Non Operating Interest Expenses (2010 - 2024)
Mvb Financial (MVBF) recorded quarterly Non Operating Interest Expenses of $19.9 million in Q1 2024, up 6.99% on a QoQ basis from $18.6 million in Q4 2023, and up 65.29% YoY from $12.0 million in Q2 2023.
Analysis
Mvb Financial (MVBF) Non Operating Interest Expenses (2010 - 2024) Analysis & Trends
Mvb Financial (MVBF) has reported Non Operating Interest Expenses for 15 consecutive years, with $19.9 million the latest figure, recorded in Q1 2024.
- For the quarter ending Q1 2024, Non Operating Interest Expenses rose 65.29% year-over-year to $19.9 million; the trailing twelve-month figure through Mar 2024 stood at $74.4 million (up 200.28% YoY), and the FY2023 full-year result was $66.5 million, up 370.08% from the prior year.
- Non Operating Interest Expenses was $19.9 million for Q1 2024 at Mvb Financial, up from $18.6 million in the prior quarter.
- The five-year high for Non Operating Interest Expenses was $19.9 million in Q1 2024, with the low at $1.2 million in Q4 2020.
- Historically, Non Operating Interest Expenses has averaged $7.0 million across 5 years, with a median of $3.3 million in 2020.
- Annual changes were most pronounced in 2020 — Non Operating Interest Expenses plunged 78.27% — and 2023, when it jumped 1120.21%.
- Tracing MVBF's Non Operating Interest Expenses over 5 years: stood at $1.2 million in 2020, then surged by 32.59% to $1.5 million in 2021, then surged by 369.15% to $7.3 million in 2022, then jumped by 156.34% to $18.6 million in 2023, then rose by 6.99% to $19.9 million in 2024.
- Per Business Quant data, the three most recent Non Operating Interest Expenses figures were $19.9 million in Q1 2024, $18.6 million in Q4 2023, and $18.5 million in Q3 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | 224.00 Mn |
| 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 |
|---|---|
| Mar 31, 2024 | 19.89 Mn |
| Dec 31, 2023 | 18.59 Mn |
| Sep 30, 2023 | 18.46 Mn |
| Jun 30, 2023 | 17.45 Mn |
| Mar 31, 2023 | 12.03 Mn |
| Dec 31, 2022 | 7.25 Mn |
| Sep 30, 2022 | 4.06 Mn |
| Jun 30, 2022 | 1.43 Mn |
| Mar 31, 2022 | 1.41 Mn |
| Dec 31, 2021 | 1.55 Mn |
| Sep 30, 2021 | 1.39 Mn |
| Jun 30, 2021 | 1.78 Mn |
| Mar 31, 2021 | 1.56 Mn |
| Dec 31, 2020 | 1.17 Mn |
| Sep 30, 2020 | 2.62 Mn |
| Jun 30, 2020 | 3.32 Mn |
| Mar 31, 2020 | 4.53 Mn |
| Dec 31, 2019 | 5.37 Mn |
| Sep 30, 2019 | 6.00 Mn |
| Jun 30, 2019 | 5.94 Mn |