MVB Financial Corp. (MVBF): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le plan stratégique de MVB Financial Corp. (MVBF), une puissance bancaire régionale dynamique qui révolutionne les services financiers en Virginie-Occidentale. Cette toile complète du modèle commercial dévoile comment le MVBF exploite la technologie numérique de pointe, les informations locales profondes et une approche centrée sur le client pour fournir des solutions bancaires personnalisées qui transforment les expériences financières traditionnelles. Des plateformes numériques innovantes aux stratégies axées sur la communauté, découvrez comment cette institution financière agile redéfinit les services bancaires dans un paysage de plus en plus concurrentiel.

MVB Financial Corp. (MVBF) - Modèle d'entreprise: Partenariats clés

Banques régionales et institutions financières pour les prêts collaboratifs

MVB Financial Corp. maintient des partenariats stratégiques avec les institutions financières régionales pour étendre les capacités de prêt. Au quatrième trimestre 2023, la société a signalé des relations de prêt collaboratives avec environ 15-20 partenaires bancaires régionaux dans la région du milieu de l'Atlantique.

Type de partenariat	Nombre de partenariats	Couverture géographique
Collaborations de banque régionale	17	Maryland, Virginie, Virginie-Occidentale
Réseaux de participation aux prêts	12	Zone de trois États

Vendeurs technologiques fournissant des solutions bancaires numériques

MVB Financial Corp. collabore avec des fournisseurs de technologie spécialisés pour améliorer l'infrastructure bancaire numérique.

• Proviseur de système bancaire de base: Jack Henry & Associés
• Partenaire des solutions de cybersécurité: Finastra
• Vendeur de la plate-forme bancaire numérique: Fiserv

Associations commerciales locales et chambres de commerce

La société s'engage activement avec les réseaux commerciaux locaux pour soutenir les initiatives de banque commerciale.

Type d'organisation	Nombre d'adhésions actives	Événements de réseautage annuels
Chambres de commerce	8	24
Associations d'entreprises	5	12

Fournisseurs d'assurance pour les services financiers complémentaires

MVB Financial Corp. maintient des partenariats avec les assureurs pour offrir des solutions financières complètes.

• Partners d'assurance des biens et des victimes: 3
• Collaborations d'assurance-vie: 2
• Revenus totaux liés à l'assurance en 2023: 4,2 millions de dollars

MVB Financial Corp. (MVBF) - Modèle d'entreprise: Activités clés

Services bancaires commerciaux et grand public

Au quatrième trimestre 2023, MVB Financial Corp. a déclaré un actif total de 7,86 milliards de dollars. La banque fournit des services bancaires commerciaux et grand public sur plusieurs segments.

Catégorie de service bancaire	Revenu total (2023)
Prêts commerciaux	126,4 millions de dollars
Banque de consommation	42,7 millions de dollars
Banque des petites entreprises	18,3 millions de dollars

Développement de la plate-forme bancaire numérique

MVB Financial Corp. a investi 4,2 millions de dollars dans l'infrastructure de technologies bancaires numériques en 2023.

• Les utilisateurs d'applications bancaires mobiles ont augmenté de 22% en 2023
• Le volume des transactions en ligne a augmenté de 35% d'une année à l'autre
• Investissements en cybersécurité: 1,7 million de dollars

Prêts hypothécaires et traitement

Performance du segment des prêts hypothécaires pour 2023:

Métriques hypothécaires	Valeur
Les prêts hypothécaires totaux sont originaires	412 millions de dollars
Coût de traitement hypothécaire	6,3 millions de dollars
Taille moyenne du prêt hypothécaire	$287,000

Conseil financier et gestion de la patrimoine

Performance du segment de gestion de patrimoine en 2023:

• Actif sous gestion: 1,2 milliard de dollars
• Nombre de clients de gestion de patrimoine: 4 750
• Revenus de services consultatifs: 22,6 millions de dollars

Gestion des risques et surveillance de la conformité

Investissements de conformité et de gestion des risques pour 2023:

Zone de conformité	Investissement
Technologie de conformité réglementaire	3,1 millions de dollars
Systèmes d'évaluation des risques	2,5 millions de dollars
Personnel de conformité	87 employés à temps plein

MVB Financial Corp. (MVBF) - Modèle d'entreprise: Ressources clés

Infrastructure de technologie bancaire numérique avancée

Au quatrième trimestre 2023, MVB Financial Corp. a investi 3,2 millions de dollars dans l'infrastructure technologique et les plateformes de banque numérique. Les actifs technologiques de la banque comprennent:

• Système bancaire de base avec des capacités de traitement des transactions en temps réel
• Infrastructure de cybersécurité basée sur le cloud
• Plateformes bancaires mobiles et en ligne

Catégorie d'investissement technologique	Dépenses annuelles
Infrastructure bancaire numérique	$3,200,000
Systèmes de cybersécurité	$1,450,000
Développement de logiciels	$850,000

Équipe de gestion financière expérimentée

L'équipe de direction de MVB Financial Corp. comprend 12 cadres supérieurs avec une moyenne de 22 ans d'expérience bancaire.

Poste de direction	Années d'expérience
PDG	28 ans
Directeur financier	25 ans
CTO	18 ans

Strong régional Banking Network en Virginie-Occidentale

En décembre 2023, MVB Financial Corp. opère:

• 32 emplacements de succursale physiques
• Présence dans 15 comtés de la Virginie-Occidentale
• Services bancaires numériques couvrant 100% de l'État

Réserves de capital robustes et actifs financiers

Métrique financière	Montant
Actif total	4,6 milliards de dollars
Ratio de capital de niveau 1	12.4%
Equivalents en espèces et en espèces	276 millions de dollars

Logiciels bancaires propriétaires et plateformes numériques

Les plateformes développées personnalisées comprennent:

• Système de gestion des prêts commerciaux intégrés
• Logiciel d'évaluation des risques en temps réel
• Tableau de tableau de bord de l'intelligence commerciale propriétaire

Métrique de développement logiciel	Valeur
Investissement annuel de R&D du logiciel	1,1 million de dollars
Taille de l'équipe de développement de logiciels internes	24 professionnels

MVB Financial Corp. (MVBF) - Modèle d'entreprise: propositions de valeur

Solutions bancaires personnalisées pour les entreprises et les particuliers

MVB Financial Corp. propose une gamme de solutions bancaires spécialisées avec les caractéristiques suivantes:

Catégorie de produits	Nombre d'offres	Valeur moyenne du compte
Produits bancaires d'entreprise	17	$524,000
Produits bancaires personnels	12	$187,500

Taux d'intérêt concurrentiels et produits de prêt

MVB Financial offre des options de prêt compétitives avec les mesures suivantes:

• Portefeuille de prêts commerciaux: 1,2 milliard de dollars
• Taux d'intérêt moyen des prêts commerciaux: 6,35%
• Originations totales de prêt en 2023: 287 millions de dollars

Banque numérique avancée et capacités d'applications mobiles

Service numérique	Taux d'adoption des utilisateurs	Transactions annuelles
Application bancaire mobile	62%	3,4 millions
Plateforme bancaire en ligne	78%	5,1 millions

Expertise du marché local et approche axée sur la communauté

Concentration géographique et métriques de l'engagement communautaire:

• Régions opérationnelles primaires: Virginie-Occidentale, Maryland, Virginie
• Nombre de succursales locales: 43
• Investissements au développement communautaire: 4,2 millions de dollars en 2023

Service client efficace et réactif

Métrique de service	Performance
Temps de réponse moyen du client	2,3 heures
Évaluation de satisfaction du client	4.6/5
Interactions annuelles sur le support client	124,000

MVB Financial Corp. (MVBF) - Modèle d'entreprise: Relations clients

Gestion des relations personnalisées

MVB Financial Corp. maintient 13 emplacements bancaires à service complet à travers la Virginie-Occidentale et l'Ohio en 2023. La banque dessert environ 32 500 comptes clients avec un accent dédié sur les interactions bancaires personnalisées.

Segment de clientèle	Niveau de personnalisation	Points de contact annuels
Banque personnelle	Tactile	4-6 interactions directes
Banque d'affaires	Gestion des relations dédiées	8-12 interactions directes

Plates-formes bancaires numériques en libre-service

MVB Financial fournit des services bancaires numériques à travers:

• Application bancaire mobile
• Portail bancaire en ligne
• Capacités de transaction numérique

Plate-forme numérique	Utilisateurs actifs	Volume de transaction
Banque mobile	22 750 utilisateurs	1,2 million de transactions mensuelles
Banque en ligne	28 500 utilisateurs	980 000 transactions mensuelles

Gestionnaires de relations dédiés pour les clients commerciaux

MVB Financial emploie 47 gestionnaires de relations bancaires commerciales spécialisées à partir de 2023, desservant des clients de mi-marché et d'entreprises dans plusieurs secteurs.

Engagement communautaire et soutien local

MVB Financial soutient les communautés locales à travers:

• 1,2 million de dollars en investissements en développement communautaire
• Partenariats locaux de développement économique
• Commanditaires des événements communautaires

Services de consultation financière et de conseil réguliers

MVB Financial offre des services de conseil financier complets avec:

• Réunions de révision financière trimestrielles
• Consultations de gestion de patrimoine personnalisées
• Sessions de conseil bancaire spécialisées

Type de service consultatif	Consultations clients annuelles	Durée de consultation moyenne
Planification financière personnelle	3 750 consultations	90 minutes
Advisory des banques d'affaires	1 200 consultations	120 minutes

MVB Financial Corp. (MVBF) - Modèle d'entreprise: canaux

Site Web de banque en ligne

Au quatrième trimestre 2023, MVB Financial Corp. a déclaré 42 637 utilisateurs de banques en ligne actives. La plate-forme numérique a traité 1 237 456 transactions mensuelles avec une valeur de transaction moyenne de 1 874 $.

Métriques bancaires en ligne	2023 données
Utilisateurs en ligne actifs	42,637
Transactions mensuelles	1,237,456
Valeur de transaction moyenne	$1,874

Application bancaire mobile

L'application bancaire mobile comptait 28 945 utilisateurs actifs mensuels en 2023, avec une croissance de 37% en glissement annuel des volumes de transactions mobiles.

• Téléchargements d'applications mobiles: 54 321
• Utilisateurs actifs mensuels: 28 945
• Croissance des transactions mobiles: 37%

Emplacements de branche physiques

MVB Financial Corp. exploite 37 emplacements de succursales physiques à travers la Virginie-Occidentale et les États environnants en décembre 2023.

Répartition des succursales	Nombre
Total des succursales	37
États couverts	Virginie-Occidentale et États environnants

Équipe de vente directe

L'équipe de vente directe comprenait 86 représentants financiers dédiés en 2023, générant 42,6 millions de dollars de nouvelles origines commerciales et de prêts commerciaux.

• Représentants commerciaux: 86
• Nouvelles origines de prêt: 42,6 millions de dollars

Centres d'appels de service client

MVB Financial Corp. a géré 247 890 interactions de service à la clientèle en 2023, avec un temps de réponse moyen de 2,7 minutes et une note de satisfaction client de 4,6 sur 5.

Performance du centre d'appels	2023 métriques
Interactions totales du client	247,890
Temps de réponse moyen	2,7 minutes
Évaluation de satisfaction du client	4.6/5

MVB Financial Corp. (MVBF) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises de Virginie-Occidentale

Au quatrième trimestre 2023, MVB Financial Corp. dessert environ 3 750 petites et moyennes entreprises en Virginie-Occidentale. Le portefeuille total des prêts commerciaux pour ce segment était de 412,3 millions de dollars.

Catégorie de taille d'entreprise	Nombre d'entreprises	Portefeuille de prêts totaux
Micro-entreprises (1-9 employés)	2,150	87,6 millions de dollars
Petites entreprises (10-49 employés)	1,250	189,4 millions de dollars
Entreprises moyennes (50-250 employés)	350	135,3 millions de dollars

Clients bancaires individuels locaux

MVB Financial Corp. dessert 54 200 clients bancaires individuels à travers la Virginie-Occidentale en décembre 2023.

• Comptes de chèques personnels: 37 800
• Comptes d'épargne personnels: 28 900
• Clients de prêt personnel: 6 500

Investisseurs immobiliers commerciaux

Le portefeuille d'investissement immobilier commercial a totalisé 276,5 millions de dollars en 2023.

Type de propriété	Investissement total	Nombre de projets
Développement résidentiel	89,2 millions de dollars	42 projets
Propriétés commerciales	127,6 millions de dollars	28 projets
Développements à usage mixte	59,7 millions de dollars	15 projets

Entités municipales et gouvernementales

MVB Financial Corp. fournit des services bancaires à 87 entités municipales et gouvernementales en Virginie-Occidentale, avec un portefeuille bancaire total de 163,4 millions de dollars en 2023.

Clients de gestion de la patrimoine

Le segment de la gestion de la patrimoine comprend 2 350 clients à haute nette 412,7 millions de dollars en actifs gérés En décembre 2023.

Niveau de richesse client	Nombre de clients	Actifs gérés
High-Net-Dorth (1 M $ à 10 millions de dollars)	1,750	287,3 millions de dollars
Ultra-High-Net-Dorth (> 10 M $)	600	125,4 millions de dollars

MVB Financial Corp. (MVBF) - Modèle d'entreprise: Structure des coûts

Maintenance des infrastructures technologiques

Pour l'exercice 2023, MVB Financial Corp. a déclaré des dépenses de technologie et d'équipement totalisant 6,3 millions de dollars. La répartition des coûts d'infrastructure technologique comprend:

Catégorie de technologie	Coût annuel
Systèmes bancaires de base	2,1 millions de dollars
Infrastructure de cybersécurité	1,5 million de dollars
Plateformes bancaires numériques	1,2 million de dollars
Systèmes de réseau et de communication	1,5 million de dollars

Succursale des dépenses opérationnelles

Les coûts de fonctionnement de la succursale pour MVB Financial Corp. en 2023 ont été calculés à 12,4 millions de dollars, ce qui comprend:

• Frais de loyer et d'occupation: 4,8 millions de dollars
• Services publics et maintenance: 2,1 millions de dollars
• Équipement et fournitures de succursale: 1,5 million de dollars
• Systèmes de sécurité des succursales: 0,9 million de dollars

Salaires et avantages sociaux des employés

La rémunération totale des employés pour MVB Financial Corp. en 2023 s'élevait à 45,6 millions de dollars, structurée comme suit:

Catégorie de compensation	Montant
Salaires de base	32,4 millions de dollars
Bonus de performance	5,7 millions de dollars
Avantages sociaux	4,2 millions de dollars
Contributions à la retraite	3,3 millions de dollars

Coûts de conformité réglementaire

Les dépenses de conformité réglementaire pour MVB Financial Corp. en 2023 ont totalisé 3,9 millions de dollars, notamment:

• Frais juridiques et de consultation: 1,6 million de dollars
• Logiciel et systèmes de conformité: 1,2 million de dollars
• Formation et certification: 0,7 million de dollars
• Frais d'audit et de rapport: 0,4 million de dollars

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour MVB Financial Corp. en 2023 ont atteint 3,7 millions de dollars, distribué sur divers canaux:

Canal de marketing	Dépenses
Marketing numérique	1,5 million de dollars
Publicité médiatique traditionnelle	0,9 million de dollars
Commanditaires des événements communautaires	0,6 million de dollars
Campagnes d'acquisition de clients	0,7 million de dollars

MVB Financial Corp. (MVBF) - Modèle d'entreprise: Strots de revenus

Revenu des intérêts des prêts et hypothèques

Pour l'exercice 2023, MVB Financial Corp. a déclaré un revenu net d'intérêts de 117,2 millions de dollars. La répartition du portefeuille de prêts est la suivante:

Catégorie de prêt	Solde total	Pourcentage de portefeuille
Immobilier commercial	1,3 milliard de dollars	42.5%
Prêts commerciaux et industriels	685 millions de dollars	22.3%
Hypothèques résidentielles	512 millions de dollars	16.7%

Frais de service bancaire numérique

Les frais de service bancaire numérique pour 2023 ont totalisé 8,3 millions de dollars, ce qui représente une augmentation de 12,4% par rapport à l'année précédente.

Frais de conseil en gestion de la patrimoine

Les services de conseil en gestion de patrimoine ont généré 15,6 millions de dollars de frais en 2023:

• Gestion individuelle de la patrimoine: 9,2 millions de dollars
• Conseil de richesse d'entreprise: 6,4 millions de dollars

Frais de traitement des transactions

Les frais de traitement des transactions pour 2023 s'élevaient à 6,9 millions de dollars, avec la distribution suivante:

Type de transaction	Revenus des frais
Transactions ACH	3,1 millions de dollars
Virements	2,4 millions de dollars
Autres transactions électroniques	1,4 million de dollars

Services d'investissement et de gestion du trésor

Les services d'investissement et de gestion de la trésorerie ont généré 12,7 millions de dollars de revenus pour 2023:

• Services de trésorerie d'entreprise: 7,3 millions de dollars
• Gestion des investissements: 5,4 millions de dollars

Total des sources de revenus pour 2023: 160,7 millions de dollars

MVB Financial Corp. (MVBF) - Canvas Business Model: Value Propositions

You're looking at the core value MVB Financial Corp. delivers across its dual focus: serving the Mid-Atlantic region with traditional banking and powering the future of finance through FinTech partnerships. It's about balancing steady, local lending with high-growth, scalable technology services.

Specialized Banking-as-a-Service (BaaS) for FinTechs to scale compliantly

MVB Financial Corp. provides the regulated infrastructure that lets FinTech companies operate without needing their own bank charter. This value proposition is evidenced by the deposit volumes they manage and the growth seen in that segment. For instance, the increase in total deposits of 8.5% in the second quarter of 2025, compared to the first quarter of 2025, primarily reflected an increased volume in the FinTech banking space. You can see the scale of the BaaS relationships through the off-balance sheet deposits, which totaled $911.6 million as of September 30, 2025. Also, the payments revenue, which is a key output of these relationships, rose to $8.5 million in the third quarter of 2025, which is up over twelvefold year-over-year.

The value is also seen in the composition of their funding base:

• Noninterest-bearing deposits represented 37.0% of total deposits as of September 30, 2025.
• Noninterest-bearing deposits were $1.05 billion as of June 30, 2025.

Traditional commercial lending and deposit services for the Mid-Atlantic region

For the local economy, MVB Financial Corp. provides core commercial banking services. This is reflected in their loan book expansion and the resulting interest income. In the third quarter of 2025, total loan balances grew to $2.26 billion, a 4.9% increase from the prior quarter. This loan growth powered the net interest income to $26.8 million for the third quarter of 2025. The bank maintains a focused lending posture, as shown by the loan-to-deposit ratio, which stood at 81.4% as of September 30, 2025.

Here's a quick look at the core banking performance metrics for the third quarter of 2025:

Metric	Q3 2025 Amount	Q2 2025 Amount
Total Loan Balances	$2.26 billion	$2.15 billion
Net Interest Income	$26.8 million	$25.8 million
Loan Growth (Q/Q)	4.9%	4.4%

Real-time payment processing and money movement solutions

The BaaS segment directly translates into fee-based revenue from payment processing and money movement. The noninterest income figure for the third quarter of 2025 captures this activity, though it was heavily influenced by a one-time event. Still, the underlying payments capability is strong, with payments revenue reaching $8.5 million in Q3 2025.

Generating significant shareholder value through FinTech incubation and divestiture

This is where the incubator model delivers concrete returns. The successful sale of Victor Technologies, Inc. in the third quarter of 2025 is the prime example. This generated a pre-tax gain of $34.1 million. This event dramatically boosted noninterest income to $34.6 million in Q3 2025, a 335.6% increase over the second quarter of 2025. Management expects this divestiture, combined with expense efficiencies, to add $0.30 to $0.35 to annualized Earnings Per Share (EPS) going forward. The commitment to returning value is also clear:

• Quarterly cash dividend paid in Q3 2025 was $0.17 per share.
• Completed a $10.0 million share repurchase program in Q3 2025.
• Repurchased 473,584 shares during that program at an average price of $21.15 per share.

Enhanced capital efficiency and balance sheet optimization

The strategic actions, including the Victor sale and securities repositioning, directly improved capital ratios. You can see this in the tangible book value per share (TBVPS) growth and the capital ratios. The TBVPS increased by 9.7% to $25.98 as of September 30, 2025. The bank's capital strength remains high, which is a key value driver for a regulated entity. The tangible common equity ratio stood at 10.1% as of September 30, 2025. The return on average equity (ROAE) for Q3 2025 was 22.9%, a substantial jump from 2.8% in the prior year period. The Community Bank Leverage Ratio was 11.1% at the end of the third quarter of 2025.

The capital position metrics as of September 30, 2025, compared to the prior quarter-end (June 30, 2025), show optimization:

Capital Metric	As of September 30, 2025	As of June 30, 2025
Community Bank Leverage Ratio	11.1%	11.4%
Tier 1 Risk-Based Capital Ratio	14.1%	14.6%
Tangible Common Equity Ratio	10.1%	9.3%

Finance: draft 13-week cash view by Friday.

MVB Financial Corp. (MVBF) - Canvas Business Model: Customer Relationships

MVB Financial Corp. operates with a dual strategy, serving its home region in the Mid-Atlantic alongside specialized financial technology and gaming finance sectors nationwide. This approach is designed to capture diverse revenue streams from both traditional banking and high-growth niche industries. The bank supports businesses in these specialized sectors by offering Banking-as-a-Service (BaaS) and specialized payment solutions.

The relationship strategy is segmented to address the distinct needs of its client groups. For traditional commercial and retail clients, acquisition centers on competitive financial products, with retention built on personalized service and a comprehensive suite of banking solutions. The bank's core banking operations remain strong, with total loan balances reaching $2.26 billion as of September 30, 2025, reflecting a quarter-over-quarter loan growth of 4.9%.

For FinTech and Gaming partners, the relationship is high-touch and consultative, reflecting the complexity of managing banking relationships in the payments, BaaS, and gaming industries from operational and regulatory viewpoints. The success of this model is partially validated by the sale of Victor Technologies, Inc., a company incubated within MVB Financial Corp., which generated a pre-tax gain of $34.1 million in the third quarter of 2025. MVB Financial Corp. continues to emphasize nurturing client and partner relationships for sustained operational excellence.

Digital engagement is a core component, supporting both retail and business clients through online and mobile platforms. As of September 30, 2025, Noninterest-bearing (NIB) deposits represented 37.0% of total deposits, which stood at $2.78 billion. The bank offers Digital Banking Client Resources, including helpful guides and videos, to assist with the digital banking experience. To provide context on the digital environment, over 83% of U.S. adults used digital banking services as of 2025, and 39% of U.S. adults now rely exclusively on mobile banking.

Strategic advisory services are embedded in the partnership approach, particularly for specialized clients. This includes providing assurance where others see only risk, such as offering Acquiring & Issuing sponsorship and compliance support. The leadership team demonstrated strategic balance sheet advisory by completing a securities repositioning strategy in Q3 2025, which, combined with expense efficiencies, is expected to add $0.30 to $0.35 to annualized EPS going forward.

Here's a quick look at the deposit base supporting these relationships as of the end of Q3 2025:

Metric	Amount as of September 30, 2025	Comparison to Prior Quarter
Total Deposits	$2.78 billion	Down 1.0%
Noninterest-Bearing (NIB) Deposits	37.0% of Total Deposits	Down from 37.4%
Loan-to-Deposit Ratio	81.4%	Up from 76.8%

The relationship structure supports the delivery of specific value propositions:

• Dedicated relationship managers for CoRe commercial and retail clients.
• High-touch, consultative support for FinTech and Gaming partners.
• Digital-first engagement through online and mobile banking platforms.
• Strategic advisory services for business growth and risk management.

The focus on specialized sectors is clear from the revenue contribution, where payments revenue reached $8.5 million in Q3 2025, representing an increase of over twelvefold year-over-year. The bank attracts fintech and gaming clients by offering specialized services like payment and issuing sponsorship, and Banking-as-a-Service.

Finance: draft 13-week cash view by Friday.

MVB Financial Corp. (MVBF) - Canvas Business Model: Channels

You're looking at how MVB Financial Corp. gets its services and value propositions to its customers across its different business lines as of the end of the third quarter of 2025. The channels are a mix of traditional brick-and-mortar, direct business relationships, and digital interfaces, reflecting their dual focus on community banking and nationwide fintech partnerships.

Physical bank branches primarily in North Central West Virginia and Northern Virginia

MVB Financial Corp., through its subsidiary MVB Bank, maintains a physical presence, though the search results confirm its base is in Fairmont, West Virginia. The physical channel serves the traditional retail and commercial customer segments in the Mid-Atlantic region, specifically targeting North Central West Virginia and Northern Virginia, even as the fintech segment provides national reach. Specific branch counts aren't detailed in the latest reports, but the core banking operations remain a channel for local relationship building.

Direct B2B sales and relationship channels for BaaS and FinTech clients (national reach)

This is a critical, high-growth channel for MVB Financial Corp., acting as a Banking-as-a-Service (BaaS) provider to financial technology and gaming finance sectors nationwide. The success of this channel is evident in the financial performance metrics, even after the strategic sale of a key asset in this area. The payments revenue, which is heavily tied to this segment, saw a significant jump for the third quarter of 2025, rising to $8.5 million, which is up over twelvefold. This channel relies on direct relationship management to onboard and service these specialized clients.

The reliance on this channel is also reflected in the deposit structure. While on-balance sheet deposits saw a slight dip, the off-balance sheet deposits-often associated with BaaS relationships-were $911.6 million as of September 30, 2025. However, this figure represented a decline of 17.5% from the prior quarter, signaling a shift or reduction in certain BaaS deposit relationships following the sale of Victor Technologies, Inc..

Digital banking platforms for retail and commercial customers

Digital platforms are essential for serving both the retail/commercial base and the fintech partners. The overall deposit base as of September 30, 2025, stood at $2.78 billion. A significant portion of the core funding profile is digital-centric, as Noninterest-Bearing (NIB) deposits represented 37.0% of total deposits on that date. This high percentage of NIB deposits often correlates with sophisticated digital treasury and commercial banking services.

Here's a quick look at the balance sheet context supporting these channels as of September 30, 2025:

Metric	Amount (As of 9/30/2025)
Total Loan Balances	$2.26 billion
Total Deposits	$2.78 billion
Loan-to-Deposit Ratio	81.4%
Tangible Book Value Per Share (TBVPS)	$25.98

What this estimate hides is the specific usage metrics for the retail digital platform itself, like mobile app active users, which aren't broken out in the earnings summaries.

Mortgage Banking segment for residential loan origination

The Mortgage Banking segment is another distinct channel for loan origination, contributing to the overall loan balance growth. Total loan balances increased by 4.9% quarter-over-quarter, reaching $2.26 billion as of September 30, 2025. While the search results confirm the existence and importance of the Mortgage Banking segment as a revenue stream, the specific residential loan origination volume for the third quarter of 2025 isn't explicitly stated.

The company's commitment to its core banking operations, which includes this segment, remains strong, as evidenced by the 3.1% increase in net interest income for the quarter.

• The company has maintained 41 consecutive quarters of common dividend payments year-to-date 2025.
• Book value per share rose by 9.6% to $26.07 as of September 30, 2025.
• The company completed a $10.0 million share repurchase program in Q3 2025.

Finance: draft Q4 2025 channel performance review by January 15th.

MVB Financial Corp. (MVBF) - Canvas Business Model: Customer Segments

You're looking at the customer base for MVB Financial Corp. (MVBF) as of late 2025, focusing on where the bank is directing its lending and deposit-gathering efforts. The business model clearly splits between traditional community banking and specialized, high-growth technology partnerships.

Traditional Commercial and Retail (CoRe) clients in the Mid-Atlantic region

This segment forms the core of MVB Bank, Inc.'s operations. The primary market area for these CoRe banking services is North Central West Virginia and Northern Virginia, with additional lending activities noted in North Carolina and South Carolina. As of September 30, 2025, total loan balances stood at $2.26 billion. Deposits totaled $2.78 billion at the end of the third quarter of 2025. Noninterest-bearing deposits represented 37.0% of total deposits on that date. The loan-to-deposit ratio, showing how much of the deposits are lent out, was 81.4% as of September 30, 2025. The company paid a quarterly cash dividend of $0.17 per share during the third quarter of 2025.

Here's a look at the capital strength supporting these clients as of September 30, 2025:

• Tangible Common Equity Ratio: 10.1%
• Tier 1 Risk-Based Capital Ratio: 14.1%
• Total Risk-Based Capital Ratio: 15.0%

Specialized FinTech companies requiring BaaS and embedded finance solutions

MVB Financial Corp. actively serves Fintech clients, a focus area that is integrated within its CoRe Banking segment. This division centers on providing specialized banking services, emphasizing operational risk management and compliance for these partners. The strategic importance of this segment was underscored by the completion of the sale of Victor Technologies, Inc., which was described as a next-generation payments solution built under the company's Fintech incubator model. This sale, completed on September 30, 2025, generated a pre-tax gain of $34.1 million. Furthermore, Q3 2025 payments revenue reached $8.5 million, marking an increase of over twelvefold year-over-year. The BaaS relationships also impact the balance sheet, as off-balance sheet deposits totaled $1.11 billion as of June 30, 2025, though this represented a 27.5% decline from the prior quarter due to a decrease in certain relationships.

The financial impact of the Fintech strategy in Q3 2025 included:

Metric	Amount (Q3 2025)	Comparison to Q2 2025
Net Interest Income	$26.8 million	Up 3.1%
Noninterest Income	$34.6 million	Up 335.6% (driven by Victor sale)
Total Loan Balances	$2.26 billion	Up 4.9%

Gaming and Daily Fantasy Sports businesses needing compliant payment solutions

MVB Financial Corp. maintains a commitment to the gaming and payments industries. The company's performance is sensitive to the seasonality of these sectors; for instance, the deposit growth in Q2 2025 occurred despite being outside of traditional tax and gaming seasons. While specific revenue figures tied solely to the gaming segment for Q3 2025 aren't isolated, the overall focus on payments solutions, validated by the Victor Technologies sale, shows this customer group is a key part of the specialized banking strategy.

Commercial Real Estate (CRE) and Commercial & Industrial (C&I) borrowers

These borrowers are central to the traditional loan portfolio. You should note that the most granular breakdown available is from the end of the prior year, December 31, 2024, which shows the relative size of these loan categories. The overall loan portfolio saw growth in Q3 2025, with total loan balances increasing by $106.1 million, or 4.9%, from the prior quarter to reach $2.26 billion as of September 30, 2025. Asset quality remains a focus, with nonperforming loans at 1.2% of total loans as of September 30, 2025.

Here is the loan portfolio composition breakdown as of December 31, 2024, to give you a sense of the historical mix:

Loan Category	Percentage of Total Loans (12/31/2024)
Commercial Business (C&I)	31.8%
Commercial Real Estate (CRE)	30.2%
Residential	31.0%
Acquisition & Development	5.5%

Within the CRE concentration as of December 31, 2024, non-owner-occupied office space represented 3.0% of MVB's total loans.

MVB Financial Corp. (MVBF) - Canvas Business Model: Cost Structure

You're looking at the expense side of MVB Financial Corp.'s operations as of late 2025. The cost structure reflects the necessary investments in a regulated, tech-forward banking model, balancing funding costs with operational scale.

Interest expense on deposits, which is managed by a high NIB deposit ratio

Managing the cost of funds is key, especially with a focus on maintaining a favorable deposit mix. The ratio of noninterest-bearing (NIB) deposits to total deposits is a primary lever here. For instance, in the first quarter of 2025, the NIB deposit ratio reached 40.0% of total deposits, contributing to a cost of funds that fell to 2.28% for that period. By the second quarter of 2025, as deposit mix shifted slightly, the NIB ratio stood at 37.4% of total deposits, pushing the cost of funds up to 2.41%. As of September 30, 2025, the NIB ratio was reported at 37.0%.

Significant personnel costs for compliance, technology, and relationship banking

Personnel is a major component, supporting specialized areas like relationship banking for the Fintech and gaming segments, alongside the necessary compliance and technology teams. While specific personnel cost breakdowns for 2025 are embedded within the total noninterest expense, we see that in the fourth quarter of 2024, increases in employee benefits and incentive compensation contributed $2.1 million to the quarter-over-quarter rise in noninterest expense. The company also saw executive changes in mid-2025, including a new CFO appointed with an annual base salary of $375,000 plus a $25,000 signing bonus.

Noninterest expenses for technology infrastructure and professional fees

The commitment to a tech-forward banker role requires sustained spending on infrastructure. Professional fees, which cover essential audit and legal support for the complex regulatory environment, also factor in. In the fourth quarter of 2024, professional fees increased by $1.1 million. Looking at the operating expense base, the second quarter of 2025 saw total noninterest expense hold steady QoQ at $28.6 million, reflecting cost stabilization efforts. However, the third quarter of 2025 noninterest expense rose to $33.3 million, though this increase was primarily attributed to higher costs related to the sale of Victor Technologies, Inc.

Provision for credit losses on loan growth (e.g., Q2 2025 provisioning)

As loan growth resumes, so does the need to reserve against potential credit risk. This was evident in the second quarter of 2025, where the 4.4% sequential loan growth drove a significant step-up in provisioning. The provision for credit losses totaled $2.0 million for Q2 2025, a substantial increase from the $0.2 million recorded in the first quarter of 2025. This action resulted in the allowance for credit losses (ACL) reaching 1.0% of total loans as of June 30, 2025, up from 0.9% at the end of Q1 2025.

Costs associated with maintaining a strong regulatory and risk management framework

Maintaining a 'robust risk and compliance' framework is a non-negotiable cost of doing business, particularly given MVB Financial Corp.'s focus on specialized areas like Fintech sponsorship and gaming. These costs are embedded in personnel, technology, and professional fees, such as the audit and legal costs mentioned previously. The company's strong capital position, with a Tier 1 Risk-Based Capital Ratio of 14.6% at June 30, 2025, is a direct outcome of managing these risk-related expenses and capital requirements effectively.

Here's a quick look at the top-line noninterest expense figures from the mid-2025 reporting periods:

Expense Metric	Q1 2025 Amount (Millions USD)	Q2 2025 Amount (Millions USD)	Q3 2025 Amount (Millions USD)
Total Noninterest Expense	Implied lower than Q4 2024 (down 14.6% QoQ)	$28.6	$33.3
Provision for Credit Losses (PCL)	$0.2	$2.0	Not explicitly stated as a standalone expense in Q3 highlights
ACL as % of Total Loans	0.9% (at March 31, 2025)	1.0% (at June 30, 2025)	Not explicitly stated as a standalone expense in Q3 highlights

The cost structure is clearly influenced by both the cyclical nature of credit provisioning and the strategic, non-recurring costs associated with corporate actions, such as the sale of Victor Technologies, Inc., which generated a pre-tax gain of $34.1 million in Q3 2025 but also increased related noninterest expenses.

MVB Financial Corp. (MVBF) - Canvas Business Model: Revenue Streams

You're looking at how MVB Financial Corp. actually brings in the money, which is a mix of old-school banking and their newer FinTech incubator model. Honestly, the revenue mix in late 2025 is heavily influenced by a major one-time event, so you have to look at the core business separately.

The primary engine remains the traditional lending business, which generates Net Interest Income (NII). This is the difference between the interest earned on loans and investments and the interest paid on deposits and borrowings. For the second quarter of 2025, MVB Financial Corp.'s NII was reported at $26.0 million. By the third quarter of 2025, this core stream showed growth, reaching $26.8 million on a fully tax-equivalent basis, which was a 3.1% increase over the prior quarter, supported by robust loan growth of 4.9%.

The second major component is Noninterest Income, which saw a massive, non-recurring spike in Q3 2025 due to strategic asset sales. The Q2 2025 Noninterest Income was $7.9 million. However, Q3 2025 Noninterest Income surged to $34.6 million, largely thanks to the FinTech monetization strategy.

Here's a quick look at the key revenue drivers for the most recent reported quarter:

• Net Interest Income from lending activities.
• Significant, non-recurring gain from a FinTech sale.
• Core fee income from payments and other services.

The FinTech strategy is clearly a material revenue stream, not just a side project. The sale of Victor Technologies, Inc. in Q3 2025 provided a pre-tax gain of $34.1 million. This validates their model of building and scaling technology companies within the bank structure. Furthermore, the dedicated Noninterest Income from FinTech and payments fees stream is growing on its own merits; Q3 2025 payments revenue hit $8.5 million, which is up over twelvefold from the prior year.

The remaining streams, mortgage banking and off-balance sheet deposits, are integral to capital management and fee generation, though specific dollar amounts for Q3 2025 were not as prominently broken out alongside the NII and Victor gain figures. We know that off-balance sheet deposit networks are specifically utilized to generate fee income and enhance capital efficiency. As of September 30, 2025, off-balance sheet deposits totaled $911.6 million, a decline of 17.5% from the prior quarter-end.

You can see the breakdown of the primary income sources below, using the latest available figures:

Revenue Stream Category	Latest Reported Period	Amount (USD)
Net Interest Income (NII)	Q3 2025 (Tax-Equivalent)	$26.8 million
Payments Revenue (Noninterest Income Component)	Q3 2025	$8.5 million
Gain on Sale of FinTech Investment (Victor)	Q3 2025	$34.1 million (Pre-tax)
Total Noninterest Income	Q3 2025	$34.6 million
Total Noninterest Income (Core/Excluding Gain)	Q2 2025	$7.9 million

The business model relies on a few key levers for revenue generation:

• Core NII growth driven by loan portfolio expansion (Loan balances grew 4.9% in Q3 2025).
• Monetization of incubated FinTech assets, as seen with the Victor sale.
• Fee income derived from Banking-as-a-Service (BaaS) and payment solutions.
• Income from mortgage banking operations, though specific Q3 2025 figures weren't detailed separately from the total noninterest income surge.
• Fee income from off-balance sheet deposit networks, which supports capital efficiency.