Mvb Financial Corp (NASDAQ: MVBF)

MVB Financial Corp. is a financial holding company that operates principally through its wholly owned subsidiary MVB Bank, Inc. The company provides commercial and retail banking services as well as specialized fintech banking to independent banking and corporate clients across the United States.

The company generates revenue primarily from interest earned on loans and investment securities, service charges on deposit accounts, fee based income from fintech services, its share of net income or loss from equity method investments in mortgage banking ventures, intercompany service income and dividends, and consulting and software services from its professional services and edge venture subsidiaries.

The company operates through the following segments: CoRe Banking, Mortgage Banking, Financial Holding Company, and Other.

• CoRe Banking: This segment offers commercial and retail banking products including loans, deposit accounts, debit cards, cashier's checks and safe deposit services, generating revenue mainly from interest on loans and securities and service charges on deposits.

• Mortgage Banking: This segment derives revenue from the company's share of net income or loss of its equity method investments in Intercoastal Mortgage Company, LLC and Warp Speed Holdings, LLC, which engage in residential mortgage lending and related activities.

• Financial Holding Company: This segment consists of the parent company's operations, producing revenue primarily from intercompany service income and dividends received from subsidiaries.

• Other: This segment includes professional services provided by Paladin Fraud, which offers fraud prevention solutions to merchants and fintech firms, and edge venture companies such as Victor Technologies that delivered software services for account functionality before its sale in September 2025, generating consulting and software revenue.

Within the competitive banking industry, MVB Financial Corp. faces competition from traditional banks, savings associations, credit unions, insurance companies, brokerage firms, pension funds and an increasing number of fintech focused banks and neobanks, differentiating itself through a technology enabled approach that integrates banking services with flexible, needs based customer relationship management.

The company serves a diverse customer base that includes commercial and retail clients in its primary markets of North Central West Virginia and Northern Virginia, corporate fintech clients throughout the United States, merchants and credit agencies seeking fraud prevention services, and mortgage borrowers through its equity method investments in residential lending.