Aankondiging • May 22
MVB Financial Corp. announces Quarterly dividend, payable on June 15, 2026 MVB Financial Corp. announced Quarterly dividend of USD 0.1700 per share payable on June 15, 2026, ex-date on June 01, 2026 and record date on June 01, 2026. Aankondiging • May 02
MVB Financial Corp. Reports Net Charge-Offs for the First Quarter Ended March 31, 2026 MVB Financial Corp. reported net charge-offs for the first quarter ended March 31, 2026. Net charge-offs were $1.5 million for the first quarter compared to $3.9 million for the prior quarter. Aankondiging • Apr 15
MVB Financial Corp. to Report Q1, 2026 Results on Apr 29, 2026 MVB Financial Corp. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2026 Aankondiging • Apr 08
MVB Financial Corp., Annual General Meeting, May 19, 2026 MVB Financial Corp., Annual General Meeting, May 19, 2026. Aankondiging • Apr 02
MVB Financial Corp. Expands Michael L. Giorgio's Role to Chief Operating Officer MVB Financial Corp. has promoted Michael “Mike” L. Giorgio, who has served since 2023 as Executive Vice President, Chief Information Officer, to Executive Vice President, Chief Information Officer and Chief Operating Officer . With more than 20 years of leadership experience in operations, lending, risk, information/cyber security and technology within retail/commercial banking and Fintech organizations, Giorgio has built a holistic technology approach for the overall MVB enterprise. As CIO, Giorgio is responsible for establishing the long-term vision and developing strategies for the Information Technology department and initiatives that support MVB’s ongoing business operations and strategic plan. He directs the planning and implementation of enterprise systems and architecture to support business operations, with a focus on compliance and regulatory needs. He implements IT capabilities that provide a competitive advantage for MVB and is ultimately accountable for all aspects of the organization’s information technology infrastructure. Over the past several years, technology has become deeply integrated with core operational functions across the organization. Areas such as digital banking, loan processing platforms, deposit operations, Fintech partnerships and enterprise project management increasingly operate at the intersection of technology and operations. Aligning these technology-dependent functions under a single executive leader improves execution speed, accountability and operational efficiency. Prior to joining MVB, Giorgio served as Chief Executive Officer of Kraken Bank (SPDI) and Chairman & CEO of SMC Blockchain Labs. Previously he served as Senior Vice President and Chief Technology Officer at Metropolitan Commercial Bank architecting innovative solutions to support a digital currency and prepaid card clientele from 2018 to 2020. He also held the role of Senior Vice President and Chief Technology Officer for Laurel Road, a national lending and banking company focused on student loan refinancing from 2016 to 2018. Before entering the national lending space, he spent more than 10 years leading organizational transformation efforts adopting digital first strategies including mobile/online banking, digital loan applications and online account opening. Giorgio received his M.B.A. from Quinnipiac University and holds a B.S. in Computer Science from St. John’s University. He also maintains a CISSP (Certified Information Systems Security Professional) certification. Aankondiging • Mar 19
MVB Financial Corp. Names Monica L. Tressler as Executive Vice President, Chief Deposit Officer MVB Financial Corp. has named Monica L. Tressler as Executive Vice President, Chief Deposit Officer. With more than 20 years of leadership experience in commercial banking, Tressler has a strong track record of building high-performing teams, driving sustainable growth and delivering innovative, client-focused financial solutions. Tressler was originally hired as Senior Vice President, Managing Director, Commercial Deposits & Treasury Management Services, for MVB in 2025. At MVB, Tressler is responsible for developing and implementing strategies to grow and maintain MVB Bank’s deposit base, enhance client relationships and ensure the profitability and competitiveness of deposit products. She provides leadership to the teams fueling deposit-related activities, including MVB’s Banking Centers, Commercial Deposits & Treasury Management Services, Specialty Deposits, Product Management, Channel Strategy & Operations and Strategic Industry Program teams. With a deep understanding of cash management, fraud mitigation and digital treasury innovation, Tressler is passionate about fostering long-term relationships built on trust, service excellence and measurable results. She works closely with internal partners and external stakeholders to ensure offerings remain forward-thinking, efficient and aligned with each client’s unique needs and goals. Tressler is very committed to service in her community for organizations including 100 Women Strong, Northern Virginia Chamber, Reston Chamber, Loudoun Chamber, Northern Virginia Science Center, Morven Park and Bite Me Cancer. Tressler is a lifelong resident of Northern Virginia and resides in Leesburg, Va. Aankondiging • Nov 20
MVB Financial Corp. Declares Fourth Quarter 2025 Dividend, Payable on December 15, 2025 MVB Financial Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per share, consistent with the previous quarter’s dividend. The dividend is payable on December 15, 2025, to shareholders of record as of December 1, 2025. This marks MVB’s fourth quarterly dividend of 2025. Aankondiging • Oct 30
MVB Financial Corp. Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2025 MVB Financial Corp. reported Net loan charge-offs for the third quarter ended September 30, 2025. Net charge-offs were $0.7 million, or 0.1% annualized of total loans, for the third quarter of 2025, compared to $0.7 million, or 0.1% annualized of total loans, the third quarter of 2024. Aankondiging • Oct 28
MVB Financial Corp. (NasdaqCM:MVBF) announces an Equity Buyback for $10 million worth of its shares. MVB Financial Corp. (NasdaqCM:MVBF) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. The program will expire upon the expenditure of $10 million, when terminated or otherwise completed. Aankondiging • Aug 21
MVB Financial Corp. Declares Third Quarter 2025 Dividend, Payable on September 15, 2025 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of September 1, 2025, payable on September 15, 2025. This is the third quarterly dividend for 2025. Aankondiging • Jul 29
MVB Financial Corp. Reports Net Charge-Offs for the Second Quarter June 30, 2025 MVB Financial Corp. reported net charge-offs for the second quarter June 30, 2025. For the quarter, Net charge-offs were $0.2 million, or 0.04% annualized of loans, compared to $0.9 million, or 0.2% annualized of total loans, for the first quarter of 2025 and the second quarter of 2024. Aankondiging • Jun 06
MVB Financial Corp. Appoints Rick Cordella as Member of the Board, Effective June 4, 2025 MVB Financial Corp. appointed Rick Cordella as a Member of the Board on June 4, 2025. Mr. Cordella has served as President of NBC Sports since September 2023, overseeing NBC Olympics, Golf Channel, NBC Sports Digital, GolfNow, and SportsEngine. He played a pivotal role in expanding NBC Sports' digital footprint, overseeing initiatives like NBC Sports Gold, NBCOlympics.com, and the development of various sports apps. As a founding executive of Peacock, Cordella was instrumental in launching the platform and driving its sports content strategy. Prior to the President position, Mr. Cordella held various leadership roles at NBC Sports since 2006, including General Manager of NBCUniversal and Executive Vice President and General Manager of NBC Sports Digital. Mr. Cordella was named to Sports Business Journal's “Forty Under Forty” list in 2012 and 2014. He graduated from Providence College in 1999 with a B.S. in Business Management and a minor in Computer Science and holds an MBA from Boston College. Aankondiging • May 21
MVB Financial Corp. Declares Second Quarter 2025 Dividend, Payable on June 15, 2025 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of June 1, 2025, payable on June 15, 2025. This is the second quarterly dividend for 2025. Aankondiging • May 20
MVB Financial Corp. (NasdaqCM:MVBF) announces an Equity Buyback for $10 million worth of its shares. MVB Financial Corp. (NasdaqCM:MVBF) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. The program will expire upon the expenditure of $10 million, when terminated or otherwise completed. Aankondiging • May 01
MVB Financial Corp. Reports Net Charge Offs for the First Quarter Ended March 31, 2025 MVB Financial Corp. reported net charge offs for the first quarter ended March 31, 2025. For the first quarter, the company reported Net charge-offs were $0.9 million, or 0.2% of total loans, for the first quarter of 2025, compared to $1.5 million, or 0.3% of total loans, for the fourth quarter of 2024 and $1.3 million, or 0.2% of total loans, for the first quarter of 2024. Aankondiging • Apr 08
MVB Financial Corp., Annual General Meeting, May 20, 2025 MVB Financial Corp., Annual General Meeting, May 20, 2025. Aankondiging • Feb 28
MVB Financial Corp. Names Vic Maculaitis as Director MVB Financial Corp. has announced the appointment of Vic Maculaitis as a Member of the Board. Maculaitis is the Founder and Managing Partner of i3strategies®?, a leading market research and strategy consultant with global clients across private equity/venture capital, professional services/tech and finance. Maculaitis’s career began with the U.S. Government in 2002. Upon moving to the private sector, Maculaitis, at 28, was recruited into his first board-appointed BSA/AML Officer role at a $20 billion bank holding company in Chicago. He subsequently held management roles at Zions Bancorporation, First Republic Bank and Banc of California. Over the last decade, Maculaitis has founded and built successful services and technology businesses focused on modernizing the Financial Crime Risk and Compliance space. Maculaitis has completed Executive Education in Corporate Governance from Harvard Business School, is an alumnus of UCLA Anderson’s School of Management and holds undergraduate degrees from Walsh University and The University of Akron. Aankondiging • Feb 19
MVB Financial Corp. Declares First Quarter 2025 Dividend, Payable on March 15, 2025 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of March 1, 2025, payable on March 15, 2025. This is the first quarterly dividend for 2025. Aankondiging • Feb 15
MVB Financial Corp. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2024 MVB Financial Corp. reported net charge-offs for the fourth quarter ended December 31, 2024. For the quarter, the company reported net charge-offs were $1.5 million or 0.3% of total loans compared to $0.5 million or 0.1% of total loans for the fourth quarter of 2023. Aankondiging • Jan 24
MVB Financial Corp. Appoints Glen W. Herrick as Member of the Board The Board of Directors of MVB Financial Corp. has announced the appointment of Glen W. Herrick as a Member of the Board. Herrick brings more than three decades of experience on both sides of the bank-Fintech partnership relationship. For the past year, he has served as a senior advisor for an advisory group. Prior to that, Herrick was Chief Financial Officer of Pathward Financial, fka MetaBank, a leading BaaS firm providing payments, deposit products, consumer lending and commercial finance solutions. While there he also founded Pathward Ventures, which has successfully made early- and mid-stage investments in financial technology firms. Before his 11 years at Pathward, he spent 20 years at Wells Fargo, where he served in various finance, treasury, risk management and compliance roles. As the Senior Vice President of Corporate Finance & Treasury he led resolution and recovery planning for the company, among other responsibilities. Herrick also served as the CFO of Wells Fargo’s $34 billion Education Finance Division, providing strategic leadership during a period of unprecedented growth. Earlier in his career, he spent time as an industrial engineer at Ingersoll-Rand and served multiple global assignments as an officer in the U.S. Army. Herrick graduated from the United States Military Academy at West Point with a B.S. in Engineering Management, holds an MBA from the University of South Dakota and graduated from the Stonier Graduate School of Banking. He serves on the boards of Central Bank (IA), a family-owned community banking organization with $2.3 billion in assets, the South Dakota Folds of Honor, the First Tee of South Dakota and Augustana University’s School of Business, where he co-created the university’s first Fintech academic major. Aankondiging • Jan 14
MVB Financial Corp. Appoints Jeffrey Weidley as Chief Deposit Officer MVB Financial Corp. has named Jeffrey Weidley as Chief Deposit Officer. Weidley is an accomplished banker with a track record of developing and executing strategic initiatives, building profitable business units and optimizing client experiences. At MVB, Weidley is responsible for developing and implementing strategies to grow and maintain MVB Bank’s deposit base, enhance client relationships and ensure the profitability and competitiveness of deposit products. He provides leadership to the teams fueling deposit-related activities, including MVB’s Commercial, Specialty Deposits, Banking Centers and Digital Banking teams. Weidley joins MVB from Sandy Spring Bank, where he spent more than 16 years in progressively responsible positions overseeing deposit, lending and digital initiatives across Treasury Management, Omni-Channel, Business Banking & SBA and Commercial Banking. Prior to Sandy Spring, he served in both retail and commercial banking at SunTrust Bank. He earned an MBA from Loyola University Maryland, a B.S. in Business from Johns Hopkins University and an Executive Leadership Certificate from The Wharton School of the University of Pennsylvania. Weidley also graduated from Maryland Banking School and Stonier Graduate School of Banking, where he now serves as a faculty member. Aankondiging • Nov 22
MVB Financial Corp. Declares Fourth Quarter 2024 Dividend, Payable on December 15, 2024 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2024, payable on December 15, 2024. This is the fourth quarterly dividend for 2024. Aankondiging • Nov 15
MVB Financial Corp. Names Joe Rodriguez as Chief Risk Officer MVB Financial Corp. has named Joe Rodriguez as Chief Risk Officer. Rodriguez has a strong reputation in the financial services risk management industry as a leader who operates at the intersection of innovation and prudent risk management. At MVB, Rodriguez leads the Office of Risk Management, including the risk, compliance and legal functions of MVB Bank. Working directly with the MVB Board of Directors Risk and Compliance Committee, he will continue to build MVB’s risk management capabilities. Rodriguez comes to MVB from Capital One where he most recently served as the Executive Risk Officer for Financial Services, reporting to the Financial Services Business Chief Risk Officer. He managed a team of risk professionals who are responsible for enterprise risk and change management activities, including leading the regulatory change governance process for new/revised laws and regulations; conducting ongoing risk assessments, including RCSA; overseeing development and maintenance of compliance controls; leading regulator exam and internal audit engagements; managing risk and compliance reporting; and overseeing remediation of exam, audit and risk assessment findings. He also served as the Lead Compliance Officer for Financial Services, and Acting Head of Enterprise Privacy Compliance at Capital One. Prior to his current role at Capital One, Rodriguez served as Lead Counsel – Financial Services Regulatory, AML and Sanctions at Walmart. There, he led enhancements to the company’s AML Compliance Program, advised on regulatory matters involving partner financial institutions and advised on agreements to expand Walmart’s money transmission and payments partnerships. Prior to his in-house experience, he served as outside counsel to leading banks and fintech companies and was a partner at the law firm Davis Wright Tremaine LLP, a firm known for its deep financial services practice. Much of Rodriguez’s early career was spent in government service, where he was an early employee at the Consumer Financial Protection Bureau (CFPB). He served as Regional Counsel for the Bureau’s Southeast Region, advising on examination reports, MRAs and MOUs and evaluating institutional compliance. He was also a Trial Attorney at the U.S. Department of Justice, representing the United States in federal district court and bankruptcy court regarding complex tax and financial fraud matters. He began his career as an associate at the international law firm Milbank LLP. Rodriguez received a B.S. in Accounting, magna cum laude, from the College of New Jersey. He received his J.D. from Harvard Law School. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €21.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 37% over the past three years. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.16 (vs US$0.30 in 3Q 2023) Third quarter 2024 results: EPS: US$0.16 (down from US$0.30 in 3Q 2023). Revenue: US$32.3m (down 9.9% from 3Q 2023). Net income: US$2.08m (down 46% from 3Q 2023). Profit margin: 6.4% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Declared Dividend • Aug 25
Second quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 30th August 2024 Payment date: 15th September 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (43% payout ratio) and is expected to be well covered in 3 years' time (25% forecast payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 112% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Aug 22
MVB Financial Corp. Declares Third Quarter 2024 Dividend, Payable on September 15, 2024 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of September 1, 2024, payable on September 15, 2024. This is the third quarterly dividend for 2024. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €18.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 45% over the past three years. Aankondiging • Jul 31
MVB Financial Corp. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024 MVB Financial Corp. reported net charge-offs for the Second quarter ended June 30, 2024. Net charge-offs were $0.9 million, or 0.2% of total loans, for the second quarter of 2024, compared to $1.3 million, or 0.2% of total loans, for the first quarter of 2024 and $1.2 million, or 0.2% of total loans, for the second quarter of 2023. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: US$0.32 (vs US$0.64 in 2Q 2023) Second quarter 2024 results: EPS: US$0.32 (down from US$0.64 in 2Q 2023). Revenue: US$34.5m (down 14% from 2Q 2023). Net income: US$4.09m (down 50% from 2Q 2023). Profit margin: 12% (down from 20% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €18.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 43% over the past three years. Aankondiging • Jun 18
MVB Financial Corp Appoints Jeremy Kuiper as EVP, Fintech President MVB Financial Corp. has named Jeremy Kuiper as EVP, Fintech President. Kuiper brings to MVB 25 years of payments industry experience at the executive and board level. At MVB, Kuiper will focus on oversight of MVB’s Fintech Banking Team, including account management and client delivery teams, client and partner implementations and partner and network relationships. He also will move forward MVB’s merchant acquiring and card issuing sponsorship relationships and non-card payments business lines. Since 2019 Kuiper has worked at Pathward, serving as Executive Vice President, Enterprise Development. Prior to joining Pathward, he held positions at The Bancorp since 2007, including serving as the Executive Vice President and Managing Director of the Payment Solutions division of The Bancorp. At Bancorp, Kuiper led all of the payments business both domestically and internationally. Additionally, he has served in senior leadership positions with BankFirst and United Credit National Bank, and he served as the Chairman of the Network Branded Prepaid Card Association, now known as the Innovative Payments Association. Aankondiging • Jun 10
MVB Financial Corp. and MVB Bank, Inc. Announce Resignation of John C. Marion, Executive Vice President and Chief Risk Officer, Effective August 2, 2024 On June 4, 2024, John C. Marion, Executive Vice President and Chief Risk Officer of MVB Financial Corp. (the “Company”) and its wholly owned bank subsidiary, MVB Bank, Inc. (the “Bank” together with the Company, collectively referred to as “MVB”), provided notice of his resignation from his position with MVB to pursue another employment opportunity with another company, with such resignation to be effective August 2, 2024. Declared Dividend • May 27
First quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 31st May 2024 Payment date: 15th June 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.6% over the next year, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 23
MVB Financial Corp. Declares Dividend for the Second Quarter 2024, Payable on June 15, 2024 MVB Financial Corp. declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of June 1, 2024, payable on June 15, 2024. This is the second quarterly dividend for 2024. New Risk • May 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$0.35 (vs US$0.20 in 1Q 2023) First quarter 2024 results: EPS: US$0.35 (up from US$0.20 in 1Q 2023). Revenue: US$36.0m (up 15% from 1Q 2023). Net income: US$4.48m (up 75% from 1Q 2023). Profit margin: 13% (up from 8.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: US$1.77 (vs US$1.01 in FY 2022) Full year 2023 results: EPS: US$1.77 (up from US$1.01 in FY 2022). Revenue: US$145.9m (up 17% from FY 2022). Net income: US$22.5m (up 81% from FY 2022). Profit margin: 15% (up from 9.9% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.04% (no change from 4.04% in FY 2022). Cost-to-income ratio: 82.3% (up from 78.2% in FY 2022). Non-performing loans: 0.36% (down from 0.47% in FY 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 3.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (38% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 20
MVB Financial Corp. Declares Quarterly Cash Dividend, Payable on March 15, 2024 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of March 1, 2024, payable on March 15, 2024. This is the first quarterly dividend for 2024. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$1.77 (vs US$1.23 in FY 2022) Full year 2023 results: EPS: US$1.77 (up from US$1.23 in FY 2022). Revenue: US$144.9m (up 6.6% from FY 2022). Net income: US$22.5m (up 49% from FY 2022). Profit margin: 16% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • Feb 15
MVB Financial Corp. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023 MVB Financial Corp. reported net charge-offs for the fourth quarter ended December 31, 2023. Net charge-offs were $0.5 million, or 0.1% of total loans on an annualized basis, for the fourth quarter of 2023. Aankondiging • Nov 22
MVB Financial Corp. Declares Fourth Quarter 2023 Dividend, Payable on December 15, 2023 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2023, payable on December 15, 2023. This is the fourth quarterly dividend for 2023. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.30 (vs US$0.22 in 3Q 2022) Third quarter 2023 results: EPS: US$0.30 (up from US$0.22 in 3Q 2022). Revenue: US$35.8m (up 8.8% from 3Q 2022). Net income: US$3.87m (up 42% from 3Q 2022). Profit margin: 11% (up from 8.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.17 per share at 2.8% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.1%). Aankondiging • Aug 18
MVB Financial Corp. Declares Third Quarter 2023 Dividend, Payable on September 15, 2023 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of September 1, 2023, payable on September 15, 2023. This is the third quarterly dividend for 2023. Aankondiging • Jul 29
MVB Financial Corp. Issues Quarterly Cash Dividend for the Second Quarter of 2023 MVB Financial Corp. issued a quarterly cash dividend of $0.17 per share for the second quarter of 2023, consistent with the first quarter of 2023 and the second quarter of 2022. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.64 (vs US$0.24 in 2Q 2022) Second quarter 2023 results: EPS: US$0.64 (up from US$0.24 in 2Q 2022). Revenue: US$40.2m (up 20% from 2Q 2022). Net income: US$8.11m (up 174% from 2Q 2022). Profit margin: 20% (up from 8.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €19.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Europe. Total loss to shareholders of 39% over the past year. Aankondiging • Jun 06
Mvb Financial Corp. Announces Executive Changes MVB Financial Corp. announced two key promotions on the Finance Team, under the leadership of Don Robinson, President and Chief Financial Officer, MVB Financial. Eric Tichenor, Chief Financial Officer, MVB Bank, who has served in that role since MVB’s inception, has been promoted to the new position of Treasurer. Martha McLeod, Senior Manager Technical Accounting, has been promoted to the position of Chief Financial Officer, MVB Bank. Before joining MVB, Martha served as controller for two banks and has extensive experience in bank accounting and reporting. Martha is a Certified Public Accountant and started her career in banking at a CPA firm in Boston which specialized in bank financial statement audits, tax and consulting. Martha has a Bachelor’s Degree in Business Administration with a concentration in Accounting from the University of New Hampshire and a Master’s Degree in Accounting from the University of Massachusetts. Aankondiging • May 25
MVB Financial Corp. Announces Executive Changes Effective as of May 22, 2023, the board of directors of MVB Financial Corp. appointed John C. Marion, 54, as the Company’s Chief Risk Officer, as of the Effective Date. In connection with his appointment as Chief Risk Officer, Mr. Marion will relinquish his role as the Company’s Chief Operating Officer. Upcoming Dividend • May 24
Upcoming dividend of US$0.17 per share at 3.8% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.1%). Aankondiging • May 12
MVB Financial Corp. Declares Second Quarter 2023 Dividend, Payable on June 15, 2023 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of June 1, 2023, payable on June 15, 2023. This is the second quarterly dividend for 2023. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: US$0.20 (vs US$0.24 in 1Q 2022) First quarter 2023 results: EPS: US$0.20 (down from US$0.24 in 1Q 2022). Revenue: US$31.2m (down 3.8% from 1Q 2022). Net income: US$2.56m (down 11% from 1Q 2022). Profit margin: 8.2% (down from 8.8% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €19.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 43% over the past year. Recent Insider Transactions • Mar 09
Independent Chairman of the Board recently bought €122k worth of stock On the 8th of March, William Becker bought around 5k shares on-market at roughly €24.35 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Aankondiging • Feb 18
MVB Financial Corp. Declares Cash Dividend for the First Quarter of 2023, Payable on March 15, 2023 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of March 1, 2023, payable on March 15, 2023. This is the first quarterly dividend for 2023. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: US$1.23 (vs US$3.32 in FY 2021) Full year 2022 results: EPS: US$1.23 (down from US$3.32 in FY 2021). Revenue: US$135.9m (flat on FY 2021). Net income: US$15.0m (down 62% from FY 2021). Profit margin: 11% (down from 29% in FY 2021). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.3%). Aankondiging • Nov 17
MVB Financial Corp. Declares Dividend for Fourth Quarter 2022, Payable on December 15, 2022 MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2022, payable on December 15, 2022. This is the fourth quarterly dividend for 2022. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$0.22 (vs US$1.00 in 3Q 2021) Third quarter 2022 results: EPS: US$0.22 (down from US$1.00 in 3Q 2021). Revenue: US$32.9m (up 10% from 3Q 2021). Net income: US$2.72m (down 77% from 3Q 2021). Profit margin: 8.3% (down from 40% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Aankondiging • Nov 01
MVB Financial Corp. Reports Net Charge Offs for the Third Quarter Ended September 30, 2022 MVB Financial Corp. reported net charge offs for the third quarter ended September 30, 2022. For the quarter, the company reported net charge-offs of $1.3 million, or 0.22% of total loans on an annualized basis. Net charge-offs on an annualized basis, for the quarter ended September 30, 2021, were not significant. Aankondiging • Oct 20
MVB Financial Corp. Names Jan L. Owen as Director The Board of Directors of MVB Financial Corp. has announced the appointment of Jan L. Owen as a Member of the Board. Since 2019, Owen has been a senior advisor in the Financial Services Group at Manatt, Phelps & Phillips, LLP, and is based in the Sacramento, Calif., office. Her practice includes a wide range of oversight work including accountancy, assets recovery, auditing, banking, benefits administration, corporate governance counseling, strategic planning, public policy review and analysis, regulatory representation, budget preparation and financial reporting. Her clients include major banks and consumer financial institutions, Fintech startups, blockchain and cryptocurrency companies, cannabis owners and operators and technology companies. From 2013 to 2019, Owen served as the Commissioner of California’s Department of Business Oversight, which is now known as the Department of Financial Protection and Innovation (DFPI), the state of California’s financial regulator. Prior to that, she served as Commissioner of the California Department of Corporations. Before serving in these significant public roles, Owen worked at a leading investment banking firm, one of the world’s leading consumer products companies and at her own consulting firm. She is a frequent speaker and author on topics relating to regulatory and consumer protection developments for California and other states nationwide. Owen served as a member of the Board of Directors for the Bank of Southern California from 2020 to 2022. Since 2020, she has been a member of Kraken Bank’s Board of Directors, and since 2019, she has served on the Advisory Boards of Radicle Impact and Jiko. Owen is a graduate of California State University, Fresno, where she earned her B.A. degree in Economics. Aankondiging • Sep 15
MVB Financial Corp. to Appoint Steven E. Crouse as Chief Financial Officer MVB Financial Corp. and Integrated Financial Holdings Inc. announced that Steven E. Crouse will be appointed Chief Financial Officer of MVBF upon closing of the transaction. In his new role, Crouse will be responsible for all financial and fiscal management aspects of company operations for MVB. Reporting to Don Robinson, President of MVBF and MVB Bank, Crouse will provide leadership and coordination in administrative, business planning, accounting, finance and budgeting efforts of the company. Crouse most recently served as Executive Vice President (EVP), Chief Financial Officer for Integrated Financial Holdings (“IFH”). He joined the IFH family of companies in 2019. In addition to overseeing the audit function for West Town Bank & Trust, he was responsible for the financial management of the holding company and the bank. Prior to his tenure at IFH, Crouse was the EVP, Chief Financial Officer at Paragon Bank (now TowneBank) and Senior Vice President, Finance and Chief Accounting Officer at Capital Bank Financial Corporation, working to help develop strategies to maximize shareholder value. He also spent time as an Audit Manager at McGladrey & Pullen. He serves as an Executive Board Member and past Director of Finance for the Boy Scouts of America and holds a B.A. degree in Accounting from North Carolina State University. Crouse, a Certified Public Accountant, is a graduate of Leadership Raleigh 24, a member of the Board of Directors for Junior Achievement of Eastern North Carolina and is 2022 Chairman of the North Carolina Bankers Association’s NC Bank CFO Peer Group. In 2013 he was named CFO of the Year-Good Samaritan Award by the Triangle Business Journal for his volunteer work with nonprofits. In 2017 he was named CFO of the Year-Large Public Company by the Triangle Business Journal. Crouse and his family reside in Apex, North Carolina. Aankondiging • Aug 26
MVB Financial Corp. Appoints W. Marston Becker as Chairman of the Board MVB Financial Corp. announced that W. Marston Becker has been named Chairman of the Board. Mr. Becker, who has been a member of the Board since November 2020, replaces retiring Chairman David B. Alvarez. Mr. Becker is a member of the following Board Committees: Finance, Human Resources and Edge Ventures. Mr. Becker is past Chairman of the Board of the large market capitalization QBE Insurance Group, a top 15 global property and casualty insurer. QBE is headquartered in Sydney, Australia, and writes over $15 billion of annual premiums through operations on five continents. He was appointed to the Board in 2013, became Chair in 2014 and served until March 2020. Mr. Becker served as President and Chief Executive Officer of Alterra Capital Holdings Limited, and its predecessors from 2006 to 2013. Alterra, acquired in 2013 by Markel Corporation, was a global specialty insurance and reinsurance company headquartered in Bermuda. Mr. Becker joined Alterra’s predecessor Max Capital Group Ltd. in 2006 as Chairman and CEO, having been a director since 2004. Prior to that, he led the restructuring and wind-down of Trenwick Group Ltd.; served as non-executive chairman of Hales & Company; was Chairman and Chief Executive Officer of Orion Capital Corporation, a NYSE-listed company with assets exceeding $4 billion; served as President and CEO of DPIC Companies, an Orion Capital subsidiary; was President and CEO of McDonough Caperton Insurance Group; and worked with the public accounting firm of Ernst & Young. Mr. Becker serves on a variety of corporate boards in the financial services, manufacturing and non-profit sectors: director of Axis Capital, director of Encova Mutual Insurance in Columbus, Ohio; director of Amynta Group in New York City; Advisory Board member of private equity funds American Securities, Cohesive Capital, Madison Dearborn Partners and Station Partners; director of The Mountain Companies of Parkersburg, West Virginia; member of the Board of Governors of West Virginia University; director of the West Virginia Chamber of Commerce; and the Clay Center for the Arts and Sciences. Mr. Becker earned his Juris Doctor and Bachelor of Science in Business Administration degrees from West Virginia University. He is a Certified Public Accountant. He has received various honors, including being named to the West Virginia University Academy of Distinguished Alumni and the West Virginia Business Hall of Fame. He received the Leading CPA in Business designation of the West Virginia Society of CPAs, the Delta Tau Delta National Alumni Achievement Award and the 2019 Spirit of the Valley award for community service in Charleston, West Virginia. Mr. Becker and his wife Katharine reside in Jupiter, Florida, and Charleston, West Virginia. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.5%). Aankondiging • Aug 18
MVB Financial Corp. Declares Third Quarter 2022 Dividend, Payable on September 15, 2022 MVB Financial Corp. ('MVB Financial,' 'MVB,' or the 'Company') has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of September 1, 2022, payable on September 15, 2022. This is the third quarterly dividend for 2022, a 21% increase from third quarter 2022 compared to third quarter 2021. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: US$0.24 (vs US$0.79 in 2Q 2021) Second quarter 2022 results: EPS: US$0.24 (down from US$0.79 in 2Q 2021). Revenue: US$33.5m (down 2.2% from 2Q 2021). Net income: US$2.96m (down 68% from 2Q 2021). Profit margin: 8.8% (down from 27% in 2Q 2021). Over the next year, revenue is forecast to grow 29%, compared to a 22% growth forecast for the industry in Germany. Aankondiging • Aug 02
MVB Financial Corp. Announces Net Charge-Offs for the Quarter Ended June 30, 2022 MVB Financial Corp. announced Net charge-offs for the quarter ended June 30, 2022. For the quarter, Net charge-offs were $1.9 million, or 0.21% of total loans on an annualized basis. Upcoming Dividend • May 24
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.4%). Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$0.24 (vs US$0.70 in 1Q 2021) First quarter 2022 results: EPS: US$0.24 (down from US$0.70 in 1Q 2021). Revenue: US$32.4m (up 11% from 1Q 2021). Net income: US$2.86m (down 64% from 1Q 2021). Profit margin: 8.8% (down from 27% in 1Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 11% growth forecast for the industry in Germany. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.5%). Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.32 (up from US$3.13 in FY 2020). Revenue: US$146.0m (up 16% from FY 2020). Net income: US$39.1m (up 5.8% from FY 2020). Profit margin: 27% (down from 29% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is expected to shrink by 8.2% compared to a 12% growth forecast for the banks industry in Germany. Aankondiging • Feb 17
MVB Financial Corp. Declares First Quarter 2022 Dividend, Payable on March 15, 2022 MVB Financial Corp. declared a quarterly cash dividend of $0.17 per share, an increase of $0.02 per share from the previous quarter, for shareholders of record as of March 1, 2022, payable on March 15, 2022. This is the first quarterly dividend for 2022 and includes a 13.3% increase in dividends as compared to the previous quarter dividend of $0.15 per share. Aankondiging • Jan 28
MVB Financial Corp. Announces Executive Management Structural Changes The Board of Directors of MVB Financial Corp. has announced changes to the structure of MVB’s Executive Team. Donald T. Robinson will transition to the role of President of MVBF and MVB Bank. He will maintain his corporate development responsibilities in his new role and will remain as Chief Financial Officer of MVBF in the interim as MVB conducts a national search for the CFO position. Larry F. Mazza will remain as CEO of MVBF and MVB Bank. Additional changes within the Executive Team include the following: John Marion, currently Executive Vice President, Chief Risk Officer, will become Chief Operating Officer; James (Jamie) R. Nalls, currently Executive Vice President, Regional President for CoRe Banking, will move into the new role of President of CoRe Banking; Brad Greathouse, currently, Executive Vice President, Chief People and Culture Officer, will have a change in title to Chief Administration Officer. All three leaders will assume additional responsibilities. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 30 November 2021. Payment date: 15 December 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.0%). Reported Earnings • Nov 02
Third quarter 2021 earnings released: EPS US$1.00 (vs US$0.53 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$29.9m (up 12% from 3Q 2020). Net income: US$11.8m (up 86% from 3Q 2020). Profit margin: 40% (up from 24% in 3Q 2020). Upcoming Dividend • Aug 24
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 15 September 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.2%). Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$0.79 (vs US$1.50 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$34.2m (down 35% from 2Q 2020). Net income: US$9.25m (down 48% from 2Q 2020). Profit margin: 27% (down from 34% in 2Q 2020). The decrease in margin was driven by lower revenue. Executive Departure • May 27
Independent Director has left the company On the 18th of May, Daniel Holt's tenure as Independent Director ended after 3.4 years in the role. As of March 2021, Daniel personally held 11.79k shares (€334k worth at the time). A total of 3 executives have left over the last 12 months. Aankondiging • May 21
MVB Financial Corp. Declares Second Quarter 2021 Dividend, Payable on June 15, 2021 MVB Financial Corp. has declared a quarterly cash dividend of $0.12 per share for shareholders of record as of June 1, 2021, payable on June 15, 2021. This is the second quarterly dividend for 2021 and includes a 20% increase in dividends as compared to the previous quarter dividend of $0.10 per share. Reported Earnings • May 05
First quarter 2021 earnings released: EPS US$0.70 (vs US$0.078 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$29.3m (up 13% from 1Q 2020). Net income: US$8.05m (up US$7.12m from 1Q 2020). Profit margin: 27% (up from 3.6% in 1Q 2020). Aankondiging • May 04
MVB Financial Corp. (NasdaqCM:MVBF) acquired 80% stake in Flexia Payments LLC for approximately $2.5 million. MVB Financial Corp. (NasdaqCM:MVBF) acquired 80% stake in Flexia Payments LLC for approximately $2.5 million on January 2021.
MVB Financial Corp. (NasdaqCM:MVBF) completed the acquisition of 80% stake in Flexia Payments LLC on January 2021. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improved over the past week After last week's 16% share price gain to US$32.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Banks industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €51.02 per share. Aankondiging • Mar 19
Daniel W. Holt Not to Stand for Re-Election as Director of MVB Financial Corp On March 16, 2021, Daniel W. Holt, a current member of the Board of Directors of MVB Financial Corp. (the Company), with a term expiring at the Company's 2021 Annual Meeting of Shareholders scheduled for May 18, 2021 (the 2021 Annual Meeting), notified the Company he will not stand for re-election at the 2021 Annual Meeting. Mr. Holt's service as a director will end effective as of the 2021 Annual Meeting. Mr. Holt's decision not to stand for re-election at the 2021 Annual Meeting did not result from any disagreement or dispute with the Company and the Board has accepted his notice. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS US$3.13 (vs US$2.23 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$126.4m (up 3.5% from FY 2019). Net income: US$37.0m (up 42% from FY 2019). Profit margin: 29% (up from 21% in FY 2019). Net interest margin (NIM): 3.57% (up from 3.53% in FY 2019). Cost-to-income ratio: 60.5% (down from 70.3% in FY 2019). Non-performing loans: 0.94% (up from 0.37% in FY 2019). Recent Insider Transactions • Mar 09
Independent Director recently sold €55k worth of stock On the 3rd of March, J. Pallotta sold around 2k shares on-market at roughly €26.91 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €47k more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 35% share price gain to US$26.44, the stock is trading at a trailing P/E ratio of 10.9x, up from the previous P/E ratio of 8.1x. This compares to an average P/E of 12x in the Banks industry in Europe. Is New 90 Day High Low • Feb 23
New 90-day high: €22.38 The company is up 32% from its price of €16.90 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.97 per share. 
