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AI brief of an SEC Form 8-K · MVB FINANCIAL CORP (MVBF)

MVB Financial Q3 net income falls to $0.4 million; $9.9 million credit provision

Negative Impact 4 of 5 earnings Written later

MVB Financial Corp. reported third-quarter 2026 net income of $0.4 million, or $0.03 per diluted share, down from $12.3 million, or $0.93 per diluted share, in the second quarter and $17.1 million, or $1.32, a year earlier. The company attributed the drop mainly to a $9.9 million provision for credit losses, of which it said $13.1 million of the nonperforming loan increase related to one land loan, while net interest income rose 1.0% from the prior quarter.

Key points

  • Net income of $0.4 million, or $0.03 per diluted share, versus $17.1 million, or $1.32, in third quarter 2025.
  • Provision for credit losses of $9.9 million, compared with $4.7 million in the prior quarter.
  • Net interest income rose 1.0% to $32.6 million; total noninterest income fell to $7.8 million from $18.8 million, which included a $10.0 million pretax Fintech investment gain.
  • Book value per common share was $25.35 at September 30, 2026, compared with $26.61 at June 30, 2026.

The filing

CompanyMVB FINANCIAL CORP (MVBF)
Form8-K, current report
Filed with the SECOct 29, 2026, 4:02 PM ET
Accession number0001277902-26-000090

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.