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MVB FINANCIAL CORP (MVBF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  116.675.373.074.962.551.250.040.6
        Interest income on investments  7.77.67.07.06.95.03.83.2
       126.083.480.582.469.856.654.144.1
    Interest expense:  
        Interest on deposits  10.54.010.317.411.68.37.76.2
       14.26.311.623.017.712.311.19.2
Net interest income  111.877.268.859.452.144.343.034.9
Provision for loan losses  14.2-6.316.61.82.42.23.62.5
Net interest income after provision for loan losses  97.683.452.257.649.642.139.432.4
        Deposit and loan fees      1.00.80.80.6
        Gain on sale of investments, net    2.31.3-0.3-2.71.50.7
        Other non-interest income  38.362.689.563.437.942.741.033.6
Total non-interest income  38.362.691.864.638.640.743.235.0
Non-interest expenses  117.497.597.187.272.970.569.257.8
Pre-tax income before non-recurring items  18.559.464.635.015.412.313.49.5
Non-recurring items   10.817.6     
Pre-tax income  18.548.646.935.015.412.313.49.5
Income taxes  4.19.99.58.53.44.84.42.9
            Tax rate  22.3%20.3%20.3%24.1%21.9%38.6%32.8%30.4%
Minority interest  -0.7-0.4      
Net income  15.039.137.026.511.57.111.86.2
            Net margin  11.1%26.8%25.6%21.7%13.0%8.5%14.3%9.3%
   
Basic EPS  $1.23$3.32$3.13$2.26$1.04$0.69$1.43$0.78
Diluted EPS  $1.17$3.10$3.06$2.20$0.91$0.68$1.17$0.77
   
Shares outstanding (basic)  12.311.811.811.711.010.38.28.0
Shares outstanding (diluted)  12.912.612.112.012.710.410.18.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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