MVB Financial Q3 2026 net income drops 97% year over year to $438,000

Bitget2026/10/29 20:01

By:Bitget

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MVB Financial’s third-quarter 2026 net income fell 97% from the previous quarter to $438,000.
Net interest income rose 23% year over year to $32.6 million.
Credit-loss provision more than doubled from the previous quarter to $9.95 million, reflecting increased specific reserves, loan growth and model factors.
Noninterest income dropped 58% sequentially to $7.84 million; the prior quarter included a $10 million pretax Fintech investment gain.
Fintech Payments deposits climbed 28% quarter over quarter to $766 million, while four new fintech partners joined during the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MVB Financial Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261029748502) on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MVB Financial Q3 2026 net income drops 97% year over year to $438,000

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