MVB Financial Corp. Declares Second Quarter 2023 Dividend
10 Mai 2023 - 10:30PM
Business Wire
MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or
the “Company”) has declared a quarterly cash dividend of $0.17 per
share, maintaining the dividend declared in the previous quarter
for shareholders of record as of June 1, 2023, payable on June 15,
2023. This is the second quarterly dividend for 2023.
“MVB’s first quarter results reflected our adaptability, solid
foundation, the strength and stability of our balance sheet and the
resilience of our diversified business model,” said Larry F. Mazza,
Chief Executive Officer, MVB Financial.
“We are pleased to create value for our shareholders through our
continued growth in tangible book value per share. Looking ahead,
MVB remains well-positioned to navigate challenging market
conditions.”
About MVB Financial Corp.
MVB Financial Corp., the holding company of MVB Bank, Inc., is
publicly traded on The Nasdaq Capital Market® under the ticker
“MVBF.” Nasdaq is a leading global provider of trading, clearing,
exchange technology, listing, information and public company
services. Through its subsidiary, MVB Bank, Inc., and the Bank's
subsidiaries, the Company provides banking services to Fintech
clients throughout the United States. For more information about
MVB, please visit http://ir.mvbbanking.com.
Forward-looking Statements
MVB Financial Corp. has made forward-looking statements, within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, in this press release that are intended to be covered by
the protections provided under the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
current expectations about the future and subject to risks and
uncertainties. Forward-looking statements include, without
limitation, information concerning possible or assumed future
results of operations of the Company and its subsidiaries.
Forward-looking statements can be identified by the use of words
such as “may,” “could,” “should,” “would,” “will,” “plans,”
“believes,” “estimates,” “expects,” “anticipates,” “intends,”
“continues,” or the negative of those terms or similar expressions.
Note that many factors could affect the future financial results of
the Company and its subsidiaries, both individually and
collectively, and could cause those results to differ materially
from those expressed in forward-looking statements. Therefore,
undue reliance should not be placed upon any forward-looking
statements. Those factors include but are not limited to: market,
economic, operational, liquidity, and credit risk; changes in
market interest rates; inability to achieve anticipated synergies
and successfully integrate recent mergers and acquisitions; risks
associated with the termination of the merger agreement with
Integrated Financial Holdings, Inc.; inability to successfully
execute business plans, including strategies related to investments
in financial technology companies; competition; length and severity
of the COVID-19 pandemic and its impact on the Company’s business
and financial condition; changes in economic, business, and
political conditions; changes in demand for loan products and
deposit flow; operational risks and risk management failures; and
government regulation and supervision. Additional factors that may
cause actual results to differ materially from those described in
the forward-looking statements can be found in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2022, as well
as its other filings with the SEC, which are available on the SEC’s
website at www.sec.gov. Except as required by law, the Company
disclaims any obligation to update, revise, or correct any
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230510005991/en/
MEDIA CONTACT Amy Baker VP, Corporate
Communications and Marketing MVB Bank abaker@mvbbanking.com (844)
682-2265
INVESTOR RELATIONS Marcie Lipscomb
mlipscomb@mvbbanking.com (844) 682-2265
MVB Financial (NASDAQ:MVBF)
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