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MVB Financial (MVB Financial) Tax Rate % : 15.31% (As of Dec. 2023)


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What is MVB Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MVB Financial's Tax Expense for the three months ended in Dec. 2023 was $1.4 Mil. MVB Financial's Pre-Tax Income for the three months ended in Dec. 2023 was $9.3 Mil. Therefore, MVB Financial's Tax Rate % for the quarter that ended in Dec. 2023 was 15.31%.

MVB Financial Tax Rate % Historical Data

The historical data trend for MVB Financial's Tax Rate % can be seen below:

* 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.

* Premium members only.

MVB Financial Tax Rate % Chart

MVB Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.13 20.31 20.31 21.92 18.58

MVB Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.24 16.02 19.65 23.93 15.31

MVB Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

MVB Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=5.07/27.294
=18.58 %

MVB Financial's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=1.431/9.347
=15.31 %

* 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.

MVB Financial Tax Rate % Related Terms

Thank you for viewing the detailed overview of MVB Financial's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

MVB Financial (MVB Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MVB Financial Corp (NAS:MVBF) » Definitions » Tax Rate %
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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