MVB Financial (STU:MV6) Allowance For Loans And Lease Losses : €-21.0 Mil (As of Mar. 2024)

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What is MVB Financial Allowance For Loans And Lease Losses?

MVB Financial's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was €-21.0 Mil.

MVB Financial's quarterly Allowance For Loans And Lease Losses increased from Sep. 2023 (€-22.7 Mil) to Dec. 2023 (€-20.3 Mil) but then declined from Dec. 2023 (€-20.3 Mil) to Mar. 2024 (€-21.0 Mil).

MVB Financial's annual Allowance For Loans And Lease Losses declined from Dec. 2021 (€-16.2 Mil) to Dec. 2022 (€-22.5 Mil) but then increased from Dec. 2022 (€-22.5 Mil) to Dec. 2023 (€-20.3 Mil).

MVB Financial Allowance For Loans And Lease Losses Historical Data

The historical data trend for MVB Financial's Allowance For Loans And Lease Losses 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.

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MVB Financial Allowance For Loans And Lease Losses Chart

MVB Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-10.60

-21.24

-16.17

-22.50

-20.29

MVB Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-33.17	-27.96	-22.75	-20.29	-20.98

MVB Financial Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

MVB Financial Allowance For Loans And Lease Losses Related Terms

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MVB Financial (STU:MV6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MVB Financial Corp (STU:MV6) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

MVBF:USA

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.

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