What is MVB Financial Corp.'s goodwill?

MVB Financial Corp. (MVBF) reported goodwill of $2.84M in Q4 2023.

How has MVB Financial Corp.'s goodwill changed year-over-year?

MVB Financial Corp.'s goodwill decreased by 0.0% year-over-year, from $2.84M to $2.84M.

What is the long-term trend for MVB Financial Corp.'s goodwill?

Over 3 years (2020 to 2023), MVB Financial Corp.'s goodwill has grown at a 6.5% compound annual growth rate (CAGR), from $2.35M to $2.84M.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

MVB Financial Corp. MVBF Goodwill

Discontinued — last reported Q4 '23

Goodwill at other companies

Green DotGDOT

$369M-5.9%

SoFi Technologies, Inc.SOFI

$1.39B0.0%

CVB FinancialCVBF

$765.82M0.0%

Colony BankcorpCBAN

$63.05M+28.9%

First Community CorporationFCCO

$29.4M+101%

JPMorgan ChaseJPM

——

Segments

By segment

See full

CoRe Banking$0—

Financial Holding Company$0—

Mortgage Banking$0—

Other financials

Income statement

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Revenue$36.7M+8.8%

Net income$5.2M+45.7%

EPS (diluted)$0.39+44.4%

Balance sheet

See full

Cash & equivalents$177.6M-29.4%

Total debt$26.1M-6.9%

Total equity$334.0M+9.3%

Total assets$3.3B+10.0%

Cash flow

See full

Operating cash flow-$23.3M-265%

CapEx$140.0K-46.4%

Free cash flow-$23.4M-269%

Valuation

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Market cap$366.99M+38.0%

P/E12.9×-0.9×

P/S2.2×+0.4×

Profitability

See full

Net margin16.7%+3.7pp

FCF margin12.8%-6.2pp

Returns & leverage

See full

Return on equity8.4%+1.6pp

Debt / equity0.1×0.0×

Where this comes from

Reported directly by MVB Financial Corp. in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: MVB Financial Corp.’s 10-K, filed March 13, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is MVB Financial Corp.'s goodwill?: MVB Financial Corp. (MVBF) reported goodwill of $2.84M in Q4 2023.
How has MVB Financial Corp.'s goodwill changed year-over-year?: MVB Financial Corp.'s goodwill decreased by 0.0% year-over-year, from $2.84M to $2.84M.
What is the long-term trend for MVB Financial Corp.'s goodwill?: Over 3 years (2020 to 2023), MVB Financial Corp.'s goodwill has grown at a 6.5% compound annual growth rate (CAGR), from $2.35M to $2.84M.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.