MVB Financial Corp. — Third Quarter 2026 Earnings Summary

MVB Financial Corp. reported a net income of $0.4 million for the third quarter of 2026, reflecting a $9.9 million provision for credit losses primarily driven by specific exposures in a land loan and the legacy SBA portfolio. Net interest income increased 1.0% to $32.6 million, while core fully tax-equivalent net interest margin expanded 15 basis points to 4.02% due to growth in Fintech payments deposits and a decline in the overall cost of funds. Total deposits stood at $3.09 billion, with Fintech payments deposits rising 28.1% to $766.0 million, representing nearly 25% of the total funding base. Nonperforming loans increased to $46.8 million, or 1.9% of total loans, as the company strengthened its allowance for credit losses to $36.2 million.