MVB Financial Q2 profit surges as loan and deposit growth continue
MVBF•Outlook and analyst coverage
MVB did not provide specific guidance for the current quarter or full year.
The current average analyst rating on the shares is buy, with 3 strong buy or buy recommendations, 1 hold, and no sell or strong sell ratings. The median 12-month price target is $32.00, about 9.8% above the July 27 closing price of $29.14.
Quarterly profit rises sharply
MVB Financial Corp said second-quarter net income and earnings per share rose sharply from prior periods.
- Q2 EPS: $0.93
- Q2 basic EPS: $0.95
- Q2 net income: $12.25 million
- Q2 pretax profit: $15.98 million
- Q2 net interest income: $32.27 million
