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

MVB Financial

01/05/2023 13:01

* MVB Financial Corp  MVBF.OQ  reported quarterly adjusted
earnings of 87 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 63 cents per share.
    * Revenue rose 6.2% to $35.80 million from a year ago;
analysts
expected $42.60 million. 
    * MVB Financial Corp's reported EPS for the quarter was 87
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * MVB Financial Corp shares had fallen by 11.6% this
quarter and
lost 17.1% so far this year.
    * The company reported quarterly net income of $11.34
million.
    * Wall Street's median 12-month price target for MVB
Financial
Corp is $30.00 
    * 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 May
1 at 12:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.63           0.87           Beat
 Dec. 31 2022      0.51           0.50           Missed
 Sep. 30 2022      0.48           0.21           Missed
 Jun. 30 2022      0.33           0.23           Missed