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MVB Financial Corp. MVBF CoRe Banking — Data processing and communications
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Where this comes from
Reported directly by MVB Financial Corp. in its filing.
Tagged under the XBRL concept us-gaap:CommunicationsAndInformationTechnology.
The source filing: MVB Financial Corp.’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:43 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001277902-26-000084
| Three Months Ended June 30, 2026 | Co Re Banking | Mortgage Banking | Financial Holding Company | Other | Intercompany Eliminations | Consolidated |
|---|---|---|---|---|---|---|
| Salaries and employee benefits | 11,498 | — | 6,008 | 135 | — | 17,641 |
| Occupancy expense | 1,313 | — | 146 | — | (146) | 1,313 |
| Equipment depreciation and maintenance | 398 | — | 113 | 78 | — | 589 |
| Data processing and communications | 1,355 | — | 80 | 2 | — | 1,437 |
| Professional fees | 1,368 | — | 1,557 | — | (210) | 2,715 |
| Other expenses1 | 9,118 | (8) | 1,066 | 113 | (3,574) | 6,715 |
| Total noninterest expenses | 25,050 | (8) | 8,970 | 328 | (3,930) | 30,410 |
| Operating income (loss) | $20,228 | $1,944 | $(6,071) | $(118) | — | $15,983 |
Item 1 – Financial Statements
FAQ
- What is MVB Financial Corp.'s core banking — data processing and communications?
- MVB Financial Corp. (MVBF) reported core banking — data processing and communications of $1.36M in Q2 2026.
- How has MVB Financial Corp.'s core banking — data processing and communications changed year-over-year?
- MVB Financial Corp.'s core banking — data processing and communications increased by 20.0% year-over-year, from $1.13M to $1.36M.
- What is the long-term trend for MVB Financial Corp.'s core banking — data processing and communications?
- Over 3 years (2022 to 2025), MVB Financial Corp.'s core banking — data processing and communications has grown at a 8.8% compound annual growth rate (CAGR), from $3.68M to $4.73M.
- What does core banking — data processing and communications mean?
- Costs incurred for the technology infrastructure, software licensing, and network communications necessary to process banking transactions and maintain digital services. This reflects the segment's investment in digital transformation and operational connectivity.
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