MVBFMEDIUM SIGNALOPERATIONAL10-K

MVB Financial has undergone significant subsidiary restructuring, converting Edge Ventures from LLC to Inc. while divesting its controlling interest in Trabian Technology and SPE PR.

The organizational changes suggest a strategic realignment of the company's fintech and technology investments, potentially indicating a shift in business focus or optimization of subsidiary structures. The divestiture of Trabian Technology, previously described as providing fraud defense consulting services, may represent either a strategic exit or conversion to a different ownership structure.

Comparing 2026-03-12 vs 2025-03-13View on EDGAR →
FINANCIAL ANALYSIS

The company showed strong operational momentum with revenue growing substantially year-over-year. Total deposits expanded meaningfully by 24.6% to $486.5M, indicating solid customer growth and market expansion. However, cash and equivalents declined by 23.2% to $244.1M, which may reflect strategic deployment of liquidity into higher-yielding assets or increased lending activity supporting the deposit growth.

FINANCIAL STATEMENT CHANGES
Revenue
P&L
+51.9%
$2.2M$3.4M

Strong top-line growth of 51.9% — accelerating demand or successful expansion into new markets.

Total Deposits
Balance Sheet
+24.6%
$390.5M$486.5M

Deposits grew 24.6% — expanding customer base or increased trust in the institution.

Cash & Equivalents
Balance Sheet
-23.2%
$317.9M$244.1M

Cash decreased 23.2% — monitor burn rate and upcoming capital needs.

LANGUAGE CHANGES
NEW — 2026-03-12
PRIOR — 2025-03-13
ADDED
As of March 11, 2026, the registrant had 12,844,813 shares of common stock outstanding with a par value of $1.00 per share.
The Bank s consolidated subsidiaries include MVB Edge Ventures, Inc.
( Edge Ventures ), Paladin Fraud, LLC ("Paladin Fraud") and MVB Insurance, LLC.
Edge Ventures wholly-owns MVB Technology, LLC and Victor Technologies, Inc.
The Bank also owns an equity method investment in Intercoastal Mortgage Company, LLC ( ICM ) and MVB Financial Corp.
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REMOVED
As of March 10, 2025, the registrant had 12,948,795 shares of common stock outstanding with a par value of $1.00 per share.
The Bank s consolidated subsidiaries include MVB Edge Ventures, LLC ( Edge Ventures ), Paladin Fraud, LLC ( Paladin Fraud ) and MVB Insurance, LLC, ( MVB Insurance ).
The Bank owns a controlling interest in Trabian Technology, Inc.
The Bank also owns an equity method investment in Intercoastal Mortgage Company, LLC ( ICM ) and MVB Financial owns equity method investments in Warp Speed Holdings, LLC ( Warp Speed ) and Ayers Socure II, LLC ( Ayers Socure II ).
MVB Financial's consolidated subsidiaries also includes SPE PR, LLC.
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