MVB Financial Corp (NASDAQ:MVBF) reported its fourth-quarter and full-year 2025 financial results, delivering a performance that surpassed revenue expectations but fell slightly short on the bottom line. The fintech-focused bank's results were shaped by strong core banking momentum and the significant, non-recurring impact of a strategic divestiture completed in the prior quarter.
Earnings and Revenue Versus Estimates
For the quarter ended December 31, 2025, MVB reported net income of $4.2 million, translating to diluted earnings per share of $0.32. This figure came in just below the analyst consensus estimate of $0.33 per share. The slight miss can be attributed to a higher provision for credit losses and increased net charge-offs during the quarter, which management stated were tied to aggressively managing specific credits.
On the top line, the company outperformed. Total revenue, calculated as net interest income plus noninterest income, reached $39.1 million for Q4 2025. This comfortably exceeded the analyst revenue estimate of $35.8 million. The beat was driven by robust growth in the company's fundamental banking business.
Market Reaction and Price Action
The market's initial reaction to the mixed report appears muted to slightly positive. In after-hours trading following the release, the stock showed no significant movement. This neutral response suggests investors are balancing the modest EPS shortfall against the stronger-than-expected revenue and the underlying operational improvements highlighted in the report. Over the past month, leading into the earnings announcement, MVBF shares had gained approximately 6.4%.
Key Highlights from the Fourth Quarter
The earnings release underscored several areas of strength in MVB's core operations, even as headline noninterest income declined due to the absence of a large gain from the prior quarter's sale of Victor Technologies.
- Net Interest Income Growth: A primary driver was a 6.8% sequential increase in net interest income to $28.4 million, fueled by net interest margin expansion of 17 basis points to 3.70% and strong loan growth.
- Strong Balance Sheet Expansion: Total loans grew 3.7% from the previous quarter to $2.34 billion. Notably, the company improved its deposit mix, with noninterest-bearing deposits rising to 40.3% of total deposits, reducing overall funding costs.
- Core Fee Momentum: Despite a significant year-over-year drop in total noninterest income due to the one-time gain on the Victor sale in Q3, core fee categories showed growth. Payment card and service charge income increased 19.4% from the prior quarter.
- Credit Metrics: The company reported an increase in net charge-offs to $3.9 million, which it attributed to proactive management of specific credits. Asset quality ratios remained manageable, with nonperforming loans at 1.3% of total loans.
CEO Commentary and Strategic Position
CEO Larry F. Mazza expressed confidence in the company's trajectory, stating, "MVB delivered solid fourth quarter results to close out a successful 2025, with strong momentum building across our entire business platform." He emphasized that the sale of Victor validated the company's fintech incubator strategy and provided capital flexibility. Mazza also highlighted his recent decision to exercise options and retain all shares as a signal of his confidence in the company's strategic execution.
Looking Ahead
While the press release did not provide specific quantitative financial guidance for 2026, management expressed optimism, stating the company is "positioned well for 2026 and beyond" with healthy loan pipelines and building momentum in core fee income.
Analyst estimates currently project revenue of approximately $37.6 million and EPS of $0.41 for the first quarter of 2026. For the full year 2026, the consensus sales estimate stands at $158.5 million with an EPS estimate of $2.03. Investors will likely watch for MVB's ability to sustain its net interest margin strength and loan growth to meet these forward-looking expectations.
For a detailed look at historical earnings and future analyst estimates for MVB Financial Corp, visit the earnings and estimates page.
Disclaimer: This article is for informational purposes only and does not constitute investment advice, financial analysis, or a recommendation to buy or sell any security. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
