MVBF FY 2018 Earnings Report — MVB Financial Corp. Revenue & Financial Results | Market Cap Arena

MVB Financial Corp.MVBF

FY 2018 Earnings

Reported March 8, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$105M	—	$94M	—	11.4%
Op. Income	$15M	—	$12M	—	24.7%
Gross Margin	80.8%	—	84.6%	—	-3.8pp
Net Margin	11.4%	—	8.1%	—	3.4pp
EPS (Diluted)	$1.00	—	$0.68	—	47.1%
Free Cash Flow	$4M	—	$29M	—	-86.0%

Revenue Flow

Item	Amount
REVENUE	$105M
Cost of Revenue	$20M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$55M
SG&A Expenses	$56M
Other Expenses	$14M
Operating Expenses	$69M
Cost & Expenses	$89M
OPERATING INCOME	$15M
Interest Income	$70M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$3M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$13M
D&A	$3M
EBIT	$15M
EBITDA	$18M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$105M
Cost of Revenue	$20M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$55M
SG&A Expenses	$56M
Other Expenses	$14M
Operating Expenses	$69M
Cost & Expenses	$89M
OPERATING INCOME	$15M
Interest Income	$70M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$3M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$13M
D&A	$3M
EBIT	$15M
EBITDA	$18M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	$139.0K
Other Non-Cash Items	-$8M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$7M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$33M
Sales/Maturities of Investments	$28M
Other Investing Activities	-$203M
NET CASH FROM INVESTING	-$210M
Net Debt Issuance	$63M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$144M
NET CASH FROM FINANCING	$205M
FREE CASH FLOW	$4M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$222M
Net Receivables	$34M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$292M
PP&E (Net)	$27M
Goodwill	$18M
Intangible Assets	$550.0K
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.8B
Account Payables	$18M
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$232M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$232M
TOTAL LIABILITIES	$1.6B
Common Stock	$12M
Additional Paid-In Capital	$117M
Retained Earnings	$48M
Treasury Stock	-$1M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$177M
Minority Interest	$0
TOTAL EQUITY	$177M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$247M
Net Debt	$210M