Overview

* MVB Financial ( MVBF ) Q3 net income at $17.1 mln, reflecting strategic moves

* Company completed $10 mln share repurchase program, boosting shareholder value

* Sale of Victor Technologies generated $34.1 mln pre-tax gain, enhancing strategic flexibility

Outlook

* Company expects securities repositioning to add $0.30 to $0.35 to annualized EPS

* Company sees solid loan pipeline entering fourth quarter

Result Drivers

* VICTOR SALE - Sale of Victor Technologies generated a $34.1 mln pre-tax gain, enhancing strategic flexibility

* LOAN GROWTH - Robust loan growth of 4.9% contributed to a 3.1% increase in net interest income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.32

Q3 Net $26.57

Interest mln

Income

Q3 Basic $1.36

EPS

Q3 $23.42

Pretax mln

Profit

Analyst Coverage

* 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"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for MVB Financial Corp ( MVBF ) is $26.00, about 4% below its October 28 closing price of $27.03

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)