MVB Financial (MVBF) Revenue & Revenue Breakdown


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MVB Financial Revenue Highlights


Latest Revenue (Y)

$213.02M

Latest Revenue (Q)

$51.58M

Main Segment (Y)

Product And Services, Service Charges On Deposit Accounts

Main Geography (Y)

Product And Services, Service Charges On Deposit Accounts

MVB Financial Revenue by Period


MVB Financial Revenue by Year

DateRevenueChange
2023-12-31$213.02M41.92%
2022-12-31$150.10M7.40%
2021-12-31$139.75M-13.01%
2020-12-31$160.66M29.56%
2019-12-31$124.00M36.73%
2018-12-31$90.69M6.70%
2017-12-31$85.00M2.61%
2016-12-31$82.84M16.01%
2015-12-31$71.41M39.58%
2014-12-31$51.16M10.41%
2013-12-31$46.34M87.71%
2012-12-31$24.69M38.72%
2011-12-31$17.80M34.10%
2010-12-31$13.27M20.71%
2009-12-31$10.99M15.41%
2008-12-31$9.53M331.63%
2007-12-31$2.21M30.98%
2006-12-31$1.69M62.64%
2005-12-31$1.04M9.51%
2004-12-31$946.00K15.23%
2003-12-31$821.00K-

MVB Financial generated $213.02M in revenue during NA 2023, up 41.92% compared to the previous quarter, and up 234.88% compared to the same period a year ago.

MVB Financial Revenue by Quarter

DateRevenueChange
2024-09-30$51.58M-2.25%
2024-06-30$52.77M-10.62%
2024-03-31$59.04M4.38%
2023-12-31$56.57M55.38%
2023-09-30$36.41M6.67%
2023-06-30$34.13M-7.73%
2023-03-31$36.99M-7.00%
2022-12-31$39.77M1.83%
2022-09-30$39.06M6199.68%
2022-06-30$620.00K-97.99%
2022-03-31$30.78M-14.62%
2021-12-31$36.05M-3.81%
2021-09-30$37.47M33.02%
2021-06-30$28.17M19.91%
2021-03-31$23.49M-31.43%
2020-12-31$34.26M57.28%
2020-09-30$21.79M-65.95%
2020-06-30$63.97M136.75%
2020-03-31$27.02M-11.76%
2019-12-31$30.62M5.58%
2019-09-30$29.00M-27.86%
2019-06-30$40.20M83.33%
2019-03-31$21.93M-3.42%
2018-12-31$22.70M-2.00%
2018-09-30$23.17M3.16%
2018-06-30$22.46M14.51%
2018-03-31$19.61M-10.20%
2017-12-31$21.84M5.23%
2017-09-30$20.75M-4.44%
2017-06-30$21.72M19.09%
2017-03-31$18.24M-8.78%
2016-12-31$19.99M-10.96%
2016-09-30$22.45M2.29%
2016-06-30$21.95M12.51%
2016-03-31$19.51M15.92%
2015-12-31$16.83M-7.51%
2015-09-30$18.20M0.15%
2015-06-30$18.17M-0.23%
2015-03-31$18.21M44.20%
2014-12-31$12.63M-2.19%
2014-09-30$12.91M-4.72%
2014-06-30$13.55M12.31%
2014-03-31$12.07M9.81%
2013-12-31$10.99M-2.55%
2013-09-30$11.28M-12.12%
2013-06-30$12.83M9.25%
2013-03-31$11.75M47.62%
2012-12-31$7.96M30.96%
2012-09-30$6.08M11.34%
2012-06-30$5.46M5.02%
2012-03-31$5.20M0.31%
2011-12-31$5.18M10.87%
2011-09-30$4.67M11.48%
2011-06-30$4.19M11.64%
2011-03-31$3.75M-0.08%
2010-12-31$3.76M9.85%
2010-09-30$3.42M9.58%
2010-06-30$3.12M4.98%
2010-03-31$2.97M5.91%
2009-12-31$2.81M2.75%
2009-09-30$2.73M-5.96%
2009-06-30$2.90M13.92%
2009-03-31$2.55M2.33%
2008-12-31$2.49M2.51%
2008-09-30$2.43M4.47%
2008-06-30$2.33M308.96%
2008-03-31$569.00K-11.37%
2007-12-31$642.00K-

MVB Financial generated $51.58M in revenue during Q3 2024, up -2.25% compared to the previous quarter, and up 151.15% compared to the same period a year ago.

MVB Financial Revenue Breakdown


MVB Financial Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 19
Product And Services, Consulting Income$921.00K
Product And Services, Service Charges On Deposit Accounts$1.41M
Product And Services, Other$499.00K
Product And Services, Debit Card And Interchange Income$571.00K

MVB Financial's latest annual revenue breakdown by segment (product or service), as of Dec 19: Product And Services, Service Charges On Deposit Accounts (41.44%), Product And Services, Consulting Income (27.09%), Product And Services, Debit Card And Interchange Income (16.79%), and Product And Services, Other (14.68%).

Quarterly Revenue by Product

Product/ServiceSep 20Jun 20Mar 20Dec 19Sep 19
Product And Services, Compliance Consulting Income$1.08M----
Product And Services, Other$70.00K$123.00K$261.00K$120.00K$108.00K
Product And Services, Debit Card And Interchange Income$168.00K$242.00K$100.00K$99.00K$150.00K
Product And Services, Service Charges On Deposit Accounts$470.00K$286.00K$450.00K$424.00K$337.00K
Product And Services, Consulting Income-$941.00K$1.01M$896.00K$25.00K

MVB Financial's latest quarterly revenue breakdown by segment (product or service), as of Sep 20: Product And Services, Compliance Consulting Income (60.49%), Product And Services, Service Charges On Deposit Accounts (26.23%), Product And Services, Debit Card And Interchange Income (9.38%), and Product And Services, Other (3.91%).

MVB Financial Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 19
Product And Services, Consulting Income$921.00K
Product And Services, Service Charges On Deposit Accounts$1.41M
Product And Services, Other$499.00K
Product And Services, Debit Card And Interchange Income$571.00K

MVB Financial's latest annual revenue breakdown by geography, as of Dec 19: Product And Services, Service Charges On Deposit Accounts (41.44%), Product And Services, Consulting Income (27.09%), Product And Services, Debit Card And Interchange Income (16.79%), and Product And Services, Other (14.68%).

Quarterly Revenue by Country

CountrySep 20Jun 20Mar 20Dec 19Sep 19
Product And Services, Debit Card And Interchange Income$168.00K$242.00K$100.00K$99.00K$150.00K
Product And Services, Service Charges On Deposit Accounts$470.00K$286.00K$450.00K$424.00K$337.00K
Product And Services, Other$70.00K$123.00K$261.00K$120.00K$108.00K
Product And Services, Compliance Consulting Income$1.08M----
Product And Services, Consulting Income-$941.00K$1.01M$896.00K$25.00K

MVB Financial's latest quarterly revenue breakdown by geography, as of Sep 20: Product And Services, Compliance Consulting Income (60.49%), Product And Services, Service Charges On Deposit Accounts (26.23%), Product And Services, Debit Card And Interchange Income (9.38%), and Product And Services, Other (3.91%).

MVB Financial Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
HFWAHeritage Financial$303.13M$81.65M
CIVBCivista Bancshares$219.90M$61.14M
MVBFMVB Financial$213.02M$51.58M
CFBKCF Bankshares$112.31M$30.00M
FNWBFirst Northwest Bancorp$104.92M$28.21M
FNWDFinward Bancorp$96.53M$24.70M
FFNWFirst Financial Northwest$80.93M$20.09M
CWBCCommunity West Bancshares$61.39M$27.26M
FCAPFirst Capital$51.24M$14.24M
HMNFHMN Financial$43.48M$14.79M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
OFEDOconee Federal Financial$16.61M$3.21M
FCCOFirst Community$10.42M$26.72M

MVBF Revenue FAQ


What is MVB Financial’s yearly revenue?

MVB Financial's yearly revenue for 2023 was $213.02M, representing an increase of 41.92% compared to 2022. The company's yearly revenue for 2022 was $150.1M, representing an increase of 7.40% compared to 2021. MVBF's yearly revenue for 2021 was $139.76M, representing a decrease of -13.01% compared to 2020.

What is MVB Financial’s quarterly revenue?

MVB Financial's quarterly revenue for Q3 2024 was $51.58M, a -2.25% decrease from the previous quarter (Q2 2024), and a 41.69% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $52.77M, a -10.62% decrease from the previous quarter (Q1 2024), and a 54.63% increase year-over-year (Q2 2023). MVBF's quarterly revenue for Q1 2024 was $59.04M, a 4.38% increase from the previous quarter (Q4 2023), and a 59.62% increase year-over-year (Q1 2023).

What is MVB Financial’s revenue growth rate?

MVB Financial's revenue growth rate for the last 3 years (2021-2023) was 52.42%, and for the last 5 years (2019-2023) was 71.78%.

What are MVB Financial’s revenue streams?

MVB Financial's revenue streams in c 19 are Product And Services, Consulting Income, Product And Services, Service Charges On Deposit Accounts, Product And Services, Other, and Product And Services, Debit Card And Interchange Income. Product And Services, Consulting Income generated $921K in revenue, accounting 27.09% of the company's total revenue Product And Services, Service Charges On Deposit Accounts generated $1.41M in revenue, accounting 41.44% of the company's total revenue Product And Services, Other generated $499K in revenue, accounting 14.68% of the company's total revenue Product And Services, Debit Card And Interchange Income generated $571K in revenue, accounting 16.79% of the company's total revenue

What is MVB Financial’s main source of revenue?

For the fiscal year ending Dec 19, the largest source of revenue of MVB Financial was Product And Services, Service Charges On Deposit Accounts. This segment made a revenue of $1.41M, representing 41.44% of the company's total revenue.