MVB Financial Corp reports results for the quarter ended in June - Earnings Summary

MVB Financial

31/07/2023 13:00

* MVB Financial Corp  MVBF.OQ  reported quarterly adjusted
earnings of 63 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 58 cents per share.
    * Revenue fell 6.7% to $36.00 million from a year ago;
analysts
expected $40.64 million. 
    * MVB Financial Corp's reported EPS for the quarter was 63
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * MVB Financial Corp shares had risen by 26.8% this
quarter and
gained 21.3% so far this year.
    * The company reported quarterly net income of $8.11
million.
    * Wall Street's median 12-month price target for MVB
Financial
Corp is $25.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 12:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.58           0.63           Beat
 Mar. 31 2023      0.63           0.87           Beat
 Dec. 31 2022      0.51           0.50           Missed
 Sep. 30 2022      0.48           0.21           Missed