MVBF FY 2019 Earnings Report — MVB Financial Corp. Revenue & Financial Results | Market Cap Arena

MVB Financial Corp.MVBF

FY 2019 Earnings

Reported March 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$144M	—	$105M	—	37.3%
Op. Income	$35M	—	$15M	—	127.7%
Gross Margin	82.8%	—	80.8%	—	2.0pp
Net Margin	18.8%	—	11.4%	—	7.3pp
EPS (Diluted)	$2.20	—	$1.00	—	120.0%
Free Cash Flow	-$10M	—	$4M	—	-352.5%

Revenue Flow

Item	Amount
REVENUE	$144M
Cost of Revenue	$25M
GROSS PROFIT	$119M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$66M
SG&A Expenses	$67M
Other Expenses	$17M
Operating Expenses	$84M
Cost & Expenses	$109M
OPERATING INCOME	$35M
Interest Income	$82M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$35M
Income Tax Expense	$8M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$427.0K
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$3M
EBIT	$35M
EBITDA	$38M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$144M
Cost of Revenue	$25M
GROSS PROFIT	$119M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$66M
SG&A Expenses	$67M
Other Expenses	$17M
Operating Expenses	$84M
Cost & Expenses	$109M
OPERATING INCOME	$35M
Interest Income	$82M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$35M
Income Tax Expense	$8M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$427.0K
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$3M
EBIT	$35M
EBITDA	$38M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	-$4M
Other Non-Cash Items	-$47M
Change in Working Capital	$11M
OPERATING CASH FLOW	-$8M
Capital Expenditure	-$2M
Acquisitions (Net)	-$3M
Purchases of Investments	-$72M
Sales/Maturities of Investments	$71M
Other Investing Activities	-$114M
NET CASH FROM INVESTING	-$120M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$142M
NET CASH FROM FINANCING	$134M
FREE CASH FLOW	-$10M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$41M
Short-Term Investments	$236M
Net Receivables	$50M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$326M
PP&E (Net)	$22M
Goodwill	$20M
Intangible Assets	$3M
Long-Term Investments	$1.5B
Tax Assets	$0
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$1.9B
Account Payables	$42M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$227M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$188M
TOTAL NON-CURRENT LIABILITIES	$415M
TOTAL LIABILITIES	$1.7B
Common Stock	$12M
Additional Paid-In Capital	$123M
Retained Earnings	$72M
Treasury Stock	-$1M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$212M
Minority Interest	$0
TOTAL EQUITY	$212M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$237M
Net Debt	$197M