MVB FINANCIAL CORP company info

CIK 1277902
IRS Number 200034461
State of incorporation WV
Business address 301 VIRGINIA AVENUE
None
FAIRMONT
WV
26554-2777
Mail address 301 VIRGINIA AVENUE
None
FAIRMONT
WV
26554-2777

Short summary

MVB FINANCIAL CORP is a West Virginia company, with head office located at 301 Virginia Avenue Fairmont, West Virginia 26554-2777. The company achieved a record breaking net income in 2016 - 12.91 million USD. In 2018 the company owned a total of 1.75 billion USD worth of assets. An analysis of the recent trend shows a steady growth of company assets, with a 3.89% growth from the last year and a 285.37% increase in the 8 year period.

MVB FINANCIAL CORP Income Statement

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Operating Expenses 50.4059.7369.5783.9784.97
Interest expense 5.474.904.935.558.089.2311.1312.3017.71
Income Tax Expense (Benefit) 0.801.011.670.980.252.894.384.763.37
Net income 2.242.704.174.022.086.8212.917.5812.00

MVB FINANCIAL CORP Balance Sheet

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Cash and cash equivalents 2.4418.2112.0230.7528.1214.0128.7617.8123.9522.22
Property, Plant and Equipment, Gross 11.0915.5922.0931.8934.3934.9538.5139.77
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment -3.314.235.176.418.119.8711.8213.23
Goodwill 0.9017.6217.7817.7818.4818.4818.4818.48
Total assets 454.36588.20781.981,062.621,253.071,484.961,507.051,685.421,750.97
Long-term Debt 4.124.124.12159.21211.77246.53222.91287.63232.41
Total liabilities 415.49538.51699.46952.251,139.791,360.941,360.221,519.621,574.20
Common Stock, Value, Issued 2.242.253.518.088.058.1310.4911.3911.66
Retained Earnings (Accumulated Deficit) 5.127.6512.1815.1117.8627.5334.2642.6448.27
Accumulated Other Comprehensive Income (Loss), Net of Tax -0.02-0.57-2.49-2.24-2.33-1.36-2.89-7.30-6.81

MVB FINANCIAL CORP Cash Flow

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Net income 2.242.704.174.022.086.8212.917.5812.00
Depreciation 11.20222.602.80
Depreciation and amortization 0.941.252.913.412.692.94
Deferred Income Tax Expense (Benefit) -0.140.15-0.140.49-1.08-0.400.711.350.14
Net Cash Provided by (Used in) Operating Activities 5.01-0.74-10.64
Payments to Acquire Property, Plant, and Equipment 0.270.673.866.509.802.151.674.502.69
Payments to Acquire Businesses, Net of Cash Acquired 15.65
Net Cash Provided by (Used in) Investing Activities -62.18-109.31-101.62
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -99.24-244.04-151.44-173.44-55.98-136.10-209.98
Payments for Repurchase of Common Stock 0.480.08
Payments of Ordinary Dividends, Common Stock 0.160.220.310.540.640.640.651.031.22
Net Cash Provided by (Used in) Financing Activities 58.57116.10124.13
Cash and Cash Equivalents, Period Increase (Decrease) 1.396.0511.8714.50-9.77-0.94-11.792.971.92