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Revenue: US$148.6m (increased by 2.6% compared to FY 2023).
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Net income: US$20.1m (decreased by 11% from FY 2023).
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Profit margin: 14% (down from 16% in FY 2023). The reduction in margin was attributed to increased expenses.
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EPS: US$1.56 (down from US$1.77 in FY 2023).
All figures displayed in the chart above pertain to the trailing 12-month (TTM) period.
Revenue outperformed analyst expectations by 8.5%. Earnings per share (EPS) exceeded analyst predictions by 17%.
Looking forward, revenue is projected to grow by an average of 6.4% per year over the next two years, compared to a 7.5% growth prediction for the US Banks industry.
Insights on the American Banks industry.
The company’s stock has appreciated by 1.5% over the past week.
While earnings are crucial, it’s also important to evaluate the balance sheet. We have conducted an analysis and you can check out our assessment of MVB Financial’s balance sheet.
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This article by Simply Wall St is intended to provide general information. Our commentary is based on historical data and analyst forecasts using an unbiased methodology, and our articles are not designed to serve as financial advice. This does not serve as a recommendation to buy or sell any stock and does not account for your individual objectives or financial circumstances. We aim to deliver long-term analyses driven by fundamental data. Please note that our evaluations may not incorporate the latest sensitive company announcements or qualitative information. Simply Wall St does not hold any positions in the stocks mentioned.
