MVB Financial (MVB Financial) Scaled Net Operating Assets : -0.11 (As of Dec. 2023)

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What is MVB Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

MVB Financial's operating assets for the quarter that ended in Dec. 2023 was $2,570.4 Mil. MVB Financial's operating liabilities for the quarter that ended in Dec. 2023 was $2,944.2 Mil. MVB Financial's Total Assets for the quarter that ended in Sep. 2023 was $3,437.6 Mil. Therefore, MVB Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.11.

MVB Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

MVB Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2915.653	-	2944.214)	/	3068.85
=	-0.01

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3313.882	-	398.229
=	2915.653

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3024.54	-	80.326	-	0
=	2944.214

MVB Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(2570.378	-	2944.214)	/	3437.583
=	-0.11

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3313.882	-	743.504
=	2570.378

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3024.54	-	80.326	-	0
=	2944.214

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MVB Financial (MVB Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MVB Financial Corp (NAS:MVBF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MV6:Germany

Address

301 Virginia Avenue, Fairmont, WV, USA, 26554

Website

https://www.mvbbanking.com

MVB Financial Corp is a bank holding company. The company provides community banking, mortgage banking, insurance and wealth management services to individuals and corporate clients in the Mid-Atlantic region. The Bank offers its customers various products, such as checking accounts, negotiable order of withdrawal (NOW) accounts, money market and savings accounts, time certificates of deposit, commercial, installment, commercial real estate and residential real estate mortgage loans, debit cards, and safe deposit rental facilities. MVB has five reportable segments: CoRe banking; mortgage banking; professional services; Edge Ventures and the financial holding company. It generates a majority of its revenues from its CoRe banking segment.

Executives

Michael Louis Giorgio	officer: Chief Information Officer	240 E SHORE RD, APT 244, GREAT NECK NY 11023
W Marston Becker	director	C/O ALTERRA HOUSE, 2 FRONT STREET, HAMILTON D0 HM11
Jan Lynn Owen	director	3050 BASTONE COURT, WEST SACRAMENTO CA 95691
Donald T Robinson	officer: Executive VP & COO	2400 CRANBERRY SQUARE, 2ND FLOOR, MORGANTOWN WV 26508
Lindsay Anne Slader	director	2709 WILLIAM ST., VANCOUVER A1 V5K 2Y7
J Christopher Pallotta	director
Anna Jane Sainsbury	director	2954 MARINE DR., WEST VANCOUVER A1 V7V 1M2
Kelly R Nelson	director	301 VIRGINIA AVENUE, FAIRMONT WV 26554-2777
Cheryl Spielman	director	5662 VINTAGE OAKS CIRCLE, DELRAY BEACH FL 33484
John Charles Marion	officer: Chief Risk Officer	303 BELMONT COURT, MULLICA HILL NJ 08062
Craig Bradley Greathouse	officer: Chief People & Culture Officer	3000 SWISS PINE WAY, SUITE 100, MORGANTOWN WV 26501
Cava James J Jr	director	301 VIRGINIA AVE, FAIRMONT WV 26554
Dean Harry E Iii	director	12120 SUNSET HILLS RD, SUITE 650, RESTON VA 26508
Daniel W Holt	director	1115 TOWN CENTER DR., FORT COLLINS CO 80524
David Alan Jones	officer: EVP/ Chief Credit & Risk Ofcr	301 VIRGINIA AVE, FAIRMONT WV 26554