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FAIRMONT, W.Va. - MVB Financial Corp. (NASDAQ:MVBF) announced Wednesday it will maintain its quarterly cash dividend of $0.17 per share for shareholders of record as of September 1, 2025, with payment scheduled for September 15, 2025. This marks the company’s third quarterly dividend for 2025. According to InvestingPro data, the company has maintained dividend payments for 18 consecutive years, with a current yield of 2.96%.
The West Virginia-based financial institution reported positive developments in its second quarter performance, including accelerated loan growth and an 8.5% increase in deposits despite what the company described as traditional seasonal headwinds. The company’s stock has shown strong momentum, delivering a 23% return over the past six months, with analysts setting price targets between $25 and $27.
"The second quarter marked a positive turn in MVB’s operating fundamentals," said Larry F. Mazza, President and CEO of MVB Financial, in a press release statement.
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 announcement comes as the banking sector continues to navigate a complex interest rate environment. MVB Financial trades on The Nasdaq Capital Market under the ticker MVBF.
The company maintained the same dividend amount as declared in the previous quarter, reflecting consistency in its shareholder return strategy.
In other recent news, MVB Financial Corp. announced significant changes in its executive leadership. Donald T. Robinson will step down from his roles as President and Chief Financial Officer of both the company and its subsidiary, MVB Bank, effective July 14, 2025. Following his departure, CEO Larry F. Mazza will take on the role of President while continuing his current responsibilities. Michael R. Sumbs has been appointed as Executive Vice President and Chief Financial Officer, and Jonathan T. Logan will serve as Chief Accounting Officer. Additionally, MVB Financial has appointed Rick Cordella, President of NBC Sports, to its Board of Directors. Cordella brings extensive experience in digital media and sports broadcasting, having played a pivotal role in the launch of the Peacock streaming service. These developments indicate a strategic shift in MVB Financial’s leadership and governance.
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