Mvb Financial Corp. · NASDAQ:MVBF
Mvb Financial — Q3 2026 Earnings Presentation
27 slides from Mvb Financial's earnings presentation, October 2026
Slide 1: Investor Presentation Q3 2026
MVB FINANCIAL CORP. (NASDAQ: MVBF) INVESTOR PRESENTATION Q3 2026 ©2026 MVB | Proprietary
Slide 2: Forward-Looking Statements
FORWARD -LOOKING STATEMENTS MVB Financial Corp . (“MVB” or the “Company”) has made forward -looking statements, within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended, in this investor presentation that are
Slide 3: MVB Overview
MVB OVERVIEW ▪ MVB is an innovative bank focused on powering solutions for leading By the Numbers Fintech companies nationwide ▪ The CoRe banking business provides stable foundation, low cost of funding, and regulatory expertise while the Fintech platform drives $3.5B $2.5B growth and margin expansi
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS A differentiated Fintech bank at an inflection point Multiple growth catalysts driven by expanding suite of Fintech product offerings Scalable business model — well positioned to capture expanding TAM Proven innovation engine — Victor 1 sale validates builder/incubator DNA; lea
Slide 5: MVB's Strategy on a Page (SOAP)
MVB’S STRATEGY ON A PAGE (SOAP) Our Why Purpose To positively impact people’s financial Trusted partners on the financial lives, one life at a time frontier, committed to your success Respect, Love & Caring Trust Commitment Adaptive Teamwork We turned plans Banking That’s Tech -Forward Banker of Cho
Slide 6: Experienced and Deep Leadership Team
EXPERIENCED AND DEEP LEADERSHIP TEAM Larry F. Mazza Mike Sumbs Jeremy Kuiper Joseph R. Rodriguez Julie A. O’Connor Michael L. Giorgio C. Brad Greathouse President and CEO Chief Financial Fintech President Chief Risk and Legal Chief Compliance Chief Operating and Chief Administrative Officer Officer
Slide 7: MVB's Evolution Through Tech Innovation
MVB’S EVOLUTION THROUGH TECH INNOVATION $1.5B 10.2% $3.5B Organic Asset Total Assets Total Assets CAGR 2017 Q3 2026 Scaled Fintech 2026+ ▪ Scale fintech platform Builder Phase 2018 –2025 ▪ Sponsorship lending ▪ Robust payments pipeline ▪ Innovation Fintech Pivot ▪ Strengthen CoRe banking ▪ Incubator
Slide 8: From Community Bank to Leading Fintech Banking Platform
FROM COMMUNITY BANK TO LEADING FINTECH BANKING PLATFORM Fintech Expertise : Proven ability to identify, incubate and monetize Fintech opportunities Regulatory Infrastructure : Established robust compliance framework supporting innovation Business Model Transformation : “Think bigger, do bigger” phil
Slide 9: MVB Fintech Banking Growth Vehicles
MVB FINTECH BANKING GROWTH VEHICLES Payments Banking as a Service Gaming ▪ Digital payments – fee income ▪ Low -cost deposit accounts ▪ Low -cost deposit accounts ▪ Merchant acquiring – fee income ▪ Emerging lending opportunities ▪ Player payouts – fee income ▪ Card issuing – fee income and ▪ Five m
Slide 10: Robust Fintech Pipeline Funnel
ROBUST FINTECH PIPELINE FUNNEL ▪ 14 new Fintech partner / product launches since Q2 2025, including 9 year -to -date in 2026. ▪ New Fintech partners 1 have generated ~$3.5M of revenue year -to -date and ~$305M of low -cost deposits as of September 30, 2026. Summary of Advanced -Stage Fintech Pipelin
Slide 11: Implementing AI and Automation to Drive Efficiency
IMPLEMENTING AI AND AUTOMATION Delivering AI -Driven Value to Clients TO DRIVE EFFICIENCY Scaling Digital Workers and Leverage MVB’s mature AI capabilities to enhance the AI Access client experience, Data & AI Partners Laying the Groundwork Expand to 36 Digis across accelerate service delivery, for
Slide 12: Risk Management Strength and Capabilities
RISK MANAGEMENT STRENGTH AND CAPABILITIES 180 160 140 120 100 80 81 60 40 20 3 5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 2025 2026 2026 2026 Risk Management BSA/AML (MVB) BSA
Slide 13: Strategic Capital Allocation Framework
STRATEGIC CAPITAL ALLOCATION FRAMEWORK Prioritize high -ROIC growth opportunities while maintaining strong regulatory capital and shareholder returns. Platform Investment Balance Sheet Optimization ▪ Technology infrastructure and ▪ Funding mix optimization AI/automation ▪ Liquidity management ▪ Paym
Slide 14: Strong Capital Position
STRONG CAPITAL POSITION Recent balance sheet initiatives: Consolidated Tangible Common Equity/Tangible Assets (%) (1) ▪ Restructured $73 million in AFS securities in Q4 2025 ▪ Redeemed $40 million of subordinated debt in Q1 2026 ▪ $6.6 million in common dividends paid year -to -date in 2026 9.7% 10.
Slide 15: Tangible Book Value per Share Growth
TANGIBLE BOOK VALUE PER SHARE GROWTH Tangible Book Value per Share $26.70 (excluding change in AOCI from 12/31/25) $28.00 7.8% CAGR ~$1.44 impact to 10.3% CAGR including dividends TBV/share from $26.00 paid since 2019 change in AOCI $26.17 since 12/31/25 $24.00 $25.26 $23.37 $22.00 $22.43 $22.17 $20
Slide 16: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 17: Q3 2026 Key Highlights
Q3 2026 KEY HIGHLIGHTS Increase in Net Interest Pre -provision net revenue Noninterest -Bearing (excluding one -time gain related to sale of subsidiary and Income one -time loss on securities re -positioning in Q3 2025) Deposits +22.7% $10.6M 32.3% From Q3 2025 Up 715% from Q3 2025 of total deposits
Slide 18: Improving Revenue and Profitability
IMPROVING REVENUE AND PROFITABILITY Pre -Provision Net Revenue Payment Card & Service Charge Income ($ millions) ($ millions) $39.8 2 $16.3 1 $38.0 $11.4 $29.8 $13.4 Ex. $34 million one -time Ex. $10 million gain & $7.5 million loss one -time gain on securities repositioning Q3 2025 YTD Q3 2026 YTD
Slide 19: Growth of MVB's Payments-Focused Vehicle
GROWTH OF MVB’S PAYMENTS -FOCUSED VEHICLE Deposits of Payments 1 Payments Revenue Vehicle (period average) ($ thousands) ($ millions) 44% CAGR 102% CAGR (2021 -2025) (2021 -2025) $13,491 $713 $11,534 $583 $478 $7,670 $331 $4,760 $170 $128 $1,495 $695 2021 2022 2023 2024 2025 Q3 2026 2021 2022 2023 2
Slide 20: Diversified Deposit Base with Fintech and CoRe Bank Deposits
DIVERSIFIED DEPOSIT BASE WITH FINTECH AND CORE BANK DEPOSITS Data as of September 30, 2026 On Balance Sheet On Balance Sheet Deposit Composition Deposits by Source Payments (F) 25% Gaming (F) 10% Fintech Title (C) 3% 45% BaaS (F) 10% Retail (C) 9% CoRe * 55% Commercial (C) 16% Specialty (C) 27% Sour
Slide 21: Continued Remix of Deposit Portfolio
CONTINUED REMIX OF DEPOSIT PORTFOLIO ▪ $37 million reduction in CD Deposit Composition balances in Q3 2026 ▪ $200 million reduction in CD balances since Q3 2025, including $82 million 14% 13% reduction in brokered CDs 21% 17% 22% ▪ Q3 2026 cost of interest - bearing deposits of 3.12%; 39% 48% 52% 55
Slide 22: Loan Growth While Maintaining Liquid Balance Sheet
LOAN GROWTH WHILE MAINTAINING LIQUID BALANCE SHEET Gross Loans & On Balance Sheet Deposits ($ millions) $3,112 $3,088 $2,897 $2,842 $2,776 $2,520 $2,476 $2,404 $2,343 $2,259 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Gross Loans On Balance Sheet Deposits Loan/Deposit Ratio 81% 82% 83% 80% 82% Source: C
Slide 23: Diversified Loan Portfolio
DIVERSIFIED LOAN PORTFOLIO — as of September 30, 2026 Loan Portfolio Composition Loan Portfolio by Industry Commercial Residential Real Real Estate Estate 35.1% Retail Space 28.7% Energy 4.1% Auto Equipment 1.7% 2.3% Home Equity 0.3% Financial Commercial Consumer 2.2% Construction 2.7% 3.0% Acquisit
Slide 24: Asset Quality Overview
ASSET QUALITY OVERVIEW Criticized, Classified & Nonperforming Loans Allowance for Credit Losses / Total Gross Loans (% of Total Gross Loans) ($ Millions) 8.00% 2.00% $40.0 6.56% 1.44% 6.00% 5.24% 1.50% $30.0 1.14% 4.13% 0.97% 1.03% 3.55% 3.65% 0.93% 0.93% 0.94% 4.00% 3.23% 3.04% 3.10% 2.94% 1.00% $2
Slide 25: Appendix: Non-GAAP Reconciliations
APPENDIX NON - GAAP RECONCILIATIONS
Slide 26: Non-GAAP Reconciliation: Tangible Book Value per Common Share
APPENDIX: NON -GAAP RECONCILIATION Tangible Book Value per Common Share and Tangible Common Equity Ratio (%) (Dollars in thousands) 2020 2021 2022 2023 2024 2025 2026 YTD Goodwill $ 2,350 $ 3,988 $ 3,988 $ 2,838 $ 2,838 $ 1,200 $ 1,200 Intangibles 2,400 2,316 1,631 352 262 -- -- Total intangible ass
Slide 27: Non-GAAP Reconciliation: Net Interest Income and Margin
APPENDIX: NON -GAAP RECONCILIATION Net Interest Income and Net Interest Margin on a Fully Tax-Equivalent Basis (%) 2025 2026 (Dollars in thousands) Nine Months Three Months Nine Months Ended Ended Ended Net interest margin – U.S. GAAP basis Net interest income $ 79,029 $ 32,596 $ 93,322 Average inte