MVB Financial authorizes second $10 million stock buyback program

FAIRMONT, W.Va. - MVB Financial Corp. (NASDAQ:MVBF), a $334 million market cap financial institution, announced Monday that its Board of Directors has authorized a new stock repurchase program of up to $10 million of the company’s common stock. The company’s stock is currently trading near its 52-week high, with InvestingPro analysis suggesting a slight overvaluation at current levels.

The financial institution plans to begin repurchasing shares in November 2025. The program will continue until the $10 million allocation is spent or until the program is terminated.

According to the company’s statement, purchases may be executed through various methods, including open-market transactions, block transactions on or off exchanges, and privately negotiated deals. The timing and volume of repurchases will depend on factors such as stock price, trading volume, market conditions, and regulatory requirements.

"Following the successful completion of our $10 million stock repurchase program announced in May 2025, MVB’s robust capital position enables us to launch this second repurchase program," said Larry F. Mazza, President and CEO of MVB Bank, Inc. and MVB Financial.

This announcement comes after MVB completed its previous $10 million buyback program that was initiated earlier this year.

MVB Financial Corp. is the holding company of MVB Bank, Inc., which provides financial services to individuals and corporate clients primarily in the Mid-Atlantic region.

The information in this article is based on a press release statement from the company.

In other recent news, MVB Financial Corp. has made a strategic move by selling approximately $73 million in available-for-sale investment securities. This sale is part of the company’s effort to reposition its investment portfolio and included $49 million in municipal securities, $15 million in U.S. sponsored mortgage-backed securities, and $9 million in U.S. government agency securities. The securities sold had a weighted-average tax-equivalent yield of 1.70% and a weighted-average life of about 9.6 years. Additionally, MVB Financial has announced it will maintain its quarterly cash dividend of $0.17 per share, marking the third such dividend for the year 2025. This decision will affect shareholders of record as of September 1, with payments scheduled for mid-September. The company also reported positive outcomes in its second quarter, noting accelerated loan growth and an 8.5% increase in deposits. Despite facing traditional seasonal challenges, these developments highlight MVB Financial’s efforts to strengthen its financial standing.

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