MVB Financial Q2 FY26 net income more than doubled to $12.3 million vs Q2 FY25; net interest income rises 25.2% to $32.3 million vs Q2 FY25 - MVBF News | Rallies
MVB Financial posted net income of $12.3 million for Q2 ended June 30, 2026, up from $2 million a year earlier; EPS was $0.95.
Net interest income rose 25.2% to $32.3 million year over year, lifting tax-equivalent net interest margin by 0.47 percentage points to 4.16%.
Noninterest income climbed to $18.8 million from $7.9 million, including a $10 million pre-tax gain tied to an existing Fintech investment.
Loans receivable increased $72.7 million in the quarter to $2.48 billion; provision for credit losses rose to $4.7 million from $2 million.
Management said it is expanding treasury services and compliance and risk staffing, while staying focused on gaming, payments and banking-as-a-service.
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