MVB Financial Management
Management criteria checks 2/4
MVB Financial's CEO is Larry Mazza, appointed in Jan 2009, has a tenure of 15.33 years. total yearly compensation is $2.80M, comprised of 30.3% salary and 69.7% bonuses, including company stock and options. directly owns 4.76% of the company’s shares, worth $10.98M. The average tenure of the management team and the board of directors is 3.3 years and 5 years respectively.
Key information
Larry Mazza
Chief executive officer
US$2.8m
Total compensation
| CEO salary percentage | 30.3% |
| CEO tenure | 15.3yrs |
| CEO ownership | 4.8% |
| Management average tenure | 3.3yrs |
| Board average tenure | 5yrs |
Recent management updates
Recent updates
MVB Financial (NASDAQ:MVBF) Has Announced A Dividend Of $0.17
Nov 24
MVB Financial (NASDAQ:MVBF) Has Announced A Dividend Of $0.17
Aug 22MVB Financial (NASDAQ:MVBF) Will Pay A Dividend Of $0.17
May 28MVB Financial (NASDAQ:MVBF) Will Pay A Dividend Of $0.17
May 14Downgrade: Here's How Analysts See MVB Financial Corp. (NASDAQ:MVBF) Performing In The Near Term
May 03MVB Financial's (NASDAQ:MVBF) Dividend Will Be $0.17
Feb 24MVB Financial to acquire Integrated Financial in ~$98M all-stock deal
Aug 12MVB Financial GAAP EPS of $0.23 misses by $0.09, revenue of $38.57M beats by $2.17M
Aug 01MVB Financial (NASDAQ:MVBF) Has Announced That It Will Be Increasing Its Dividend To US$0.17
Feb 21MVB Financial (NASDAQ:MVBF) Will Pay A Larger Dividend Than Last Year At US$0.15
Nov 20MVB Financial: Where FinTech, Banking, And Growth Collide - Follow Up
Oct 11MVB Financial's (NASDAQ:MVBF) Dividend Will Be Increased To US$0.14
Aug 12MVB Financial: A Hyper-Growth FinTech Bank
Jul 19MVB Bank launches MVB Edge Ventures to accelerate fintech footprint
Jun 15New Forecasts: Here's What Analysts Think The Future Holds For MVB Financial Corp. (NASDAQ:MVBF)
May 09MVB Financial EPS misses by $0.07, misses on revenue
May 03Have Insiders Sold MVB Financial Corp. (NASDAQ:MVBF) Shares Recently?
Mar 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$24m |
| Dec 31 2023 | US$3m | US$850k | US$22m |
| Sep 30 2023 | n/a | n/a | US$23m |
| Jun 30 2023 | n/a | n/a | US$21m |
| Mar 31 2023 | n/a | n/a | US$16m |
| Dec 31 2022 | US$1m | US$852k | US$12m |
| Sep 30 2022 | n/a | n/a | US$16m |
| Jun 30 2022 | n/a | n/a | US$26m |
| Mar 31 2022 | n/a | n/a | US$33m |
| Dec 31 2021 | US$2m | US$798k | US$38m |
| Sep 30 2021 | n/a | n/a | US$41m |
| Jun 30 2021 | n/a | n/a | US$35m |
| Mar 31 2021 | n/a | n/a | US$44m |
| Dec 31 2020 | US$2m | US$778k | US$37m |
| Sep 30 2020 | n/a | n/a | US$29m |
| Jun 30 2020 | n/a | n/a | US$27m |
| Mar 31 2020 | n/a | n/a | US$24m |
| Dec 31 2019 | US$2m | US$740k | US$26m |
| Sep 30 2019 | n/a | n/a | US$25m |
| Jun 30 2019 | n/a | n/a | US$24m |
| Mar 31 2019 | n/a | n/a | US$12m |
| Dec 31 2018 | US$2m | US$694k | US$12m |
| Sep 30 2018 | n/a | n/a | US$10m |
| Jun 30 2018 | n/a | n/a | US$9m |
| Mar 31 2018 | n/a | n/a | US$8m |
| Dec 31 2017 | US$906k | US$643k | US$7m |
Compensation vs Market: Larry's total compensation ($USD2.80M) is above average for companies of similar size in the US market ($USD1.64M).
Compensation vs Earnings: Larry's compensation has increased by more than 20% in the past year.
CEO
Larry Mazza (62 yo)
15.3yrs
Tenure
US$2,801,640
Compensation
A recognized banking and financial services executive, Mr. Larry F. Mazza, CPA, embraces industry disruption caused by technology, seeks “blue ocean” opportunities and motivates others to think bigger and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Director | 15.3yrs | US$2.80m | 4.76% $ 11.0m | |
| CFO, President & Treasurer | 2.3yrs | US$1.31m | 0.45% $ 1.0m | |
| Executive VP & Chief Information Officer | less than a year | US$277.13k | 0.014% $ 32.4k | |
| Executive VP & Chief Administration Officer | 2.3yrs | US$806.74k | 0.13% $ 307.8k | |
| Executive VP & Chief Risk Officer | less than a year | US$763.63k | 0.0063% $ 14.5k | |
| Chief Operations & Digital Officer | no data | no data | no data | |
| Senior VP & CTO | no data | no data | no data | |
| Corporate Secretary/ Investor Relations | 8.3yrs | no data | no data | |
| Vice President of Corporate Communications & Marketing | no data | no data | no data | |
| Treasurer of MVB Bank Inc | no data | US$131.11k | no data | |
| Senior Vice President of Audit | 7.2yrs | no data | no data | |
| SVP & Chief Credit Officer | 4.3yrs | no data | no data |
3.3yrs
Average Tenure
52.5yo
Average Age
Experienced Management: MVBF's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Director | 19yrs | US$2.80m | 4.76% $ 11.0m | |
| Independent Chairman of the Board | 3.5yrs | US$193.00k | 0.39% $ 897.9k | |
| Independent Director | 19.3yrs | US$154.50k | 0.64% $ 1.5m | |
| Independent Director | 11yrs | US$148.00k | 0.79% $ 1.8m | |
| Independent Director | 7.7yrs | US$163.50k | 0.51% $ 1.2m | |
| Independent Director | 2.3yrs | US$120.63k | 0.046% $ 107.2k | |
| Independent Director | 1.6yrs | US$144.50k | 0.0077% $ 17.7k | |
| Independent Director | 5yrs | US$154.38k | 0.16% $ 374.3k | |
| Independent Director | 2yrs | US$118.00k | 0.017% $ 38.6k |
5.0yrs
Average Tenure
63yo
Average Age
Experienced Board: MVBF's board of directors are considered experienced (5 years average tenure).