MVB Financial Follows Record First Quarter with Strong Second Quarter Results

The following results compare the second quarter 2015 to the same quarter prior year Net income increased by 96.6 percent or $936,000 Total assets increased 17.9 percent to reach $1.25 billion Net loans increased 24.2 percent, reaching $904 million Total deposits grew 19.3 percent to $891 million Noninterest income was up 49.1 percent or $3.5 million FAIRMONT, W.Va., Aug. 6, 2015, MVBF, OTCQB, /PRNewswire/ MVB Financial Corp., (OTC Markets Group OTCQB: MVBF) today announced quarterly results for the period ending June 30, 2015. MVB Financial and its subsidiaries – MVB Bank, MVB Mortgage, and MVB Insurance (collectively MVB ) – reported total net income of $1,905,000. MVB s second quarter results represent a continuation of the strength displayed by its record first quarter earnings. The strong momentum from its mortgage operation carried over into the second quarter, as the impact of organic expansion efforts helped offset a small increase in market rates. Net Income increased by


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: