MVBF FY 2017 Earnings Report — MVB Financial Corp. Revenue & Financial Results | Market Cap Arena

MVB Financial Corp.MVBF

FY 2017 Earnings

Reported March 8, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$94M	—	$94M	—	0.1%
Op. Income	$12M	—	$13M	—	-7.7%
Gross Margin	84.6%	—	84.3%	—	0.3pp
Net Margin	8.1%	—	13.7%	—	-5.7pp
EPS (Diluted)	$0.68	—	$1.31	—	-48.1%
Free Cash Flow	$29M	—	$24M	—	21.3%

Revenue Flow

Item	Amount
REVENUE	$94M
Cost of Revenue	$14M
GROSS PROFIT	$80M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$54M
SG&A Expenses	$55M
Other Expenses	$12M
Operating Expenses	$67M
Cost & Expenses	$82M
OPERATING INCOME	$12M
Interest Income	$57M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$5M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$3M
EBIT	$12M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$94M
Cost of Revenue	$14M
GROSS PROFIT	$80M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$54M
SG&A Expenses	$55M
Other Expenses	$12M
Operating Expenses	$67M
Cost & Expenses	$82M
OPERATING INCOME	$12M
Interest Income	$57M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$5M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$3M
EBIT	$12M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$3M
Stock-Based Compensation	$813.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$21M
Change in Working Capital	$0
OPERATING CASH FLOW	$33M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$139M
Sales/Maturities of Investments	$72M
Other Investing Activities	-$65M
NET CASH FROM INVESTING	-$136M
Net Debt Issuance	$61M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$50M
NET CASH FROM FINANCING	$106M
FREE CASH FLOW	$29M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$232M
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$293M
PP&E (Net)	$27M
Goodwill	$18M
Intangible Assets	$646.0K
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.5B
Account Payables	$16M
Short-Term Debt	$22M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$186M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$186M
TOTAL LIABILITIES	$1.4B
Common Stock	$10M
Additional Paid-In Capital	$99M
Retained Earnings	$37M
Treasury Stock	-$1M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$150M
Minority Interest	$0
TOTAL EQUITY	$150M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$208M
Net Debt	$173M