MVB Financial (STU:MV6) Credit Losses Provision : €-4.1 Mil (As of Mar. 2024)

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What is MVB Financial Credit Losses Provision?

MVB Financial's credit losses provision for the three months ended in Mar. 2024 was €1.8 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €-4.1 Mil.

MVB Financial's quarterly credit losses provision declined from Sep. 2023 (€-0.1 Mil) to Dec. 2023 (€-1.9 Mil) but then increased from Dec. 2023 (€-1.9 Mil) to Mar. 2024 (€1.8 Mil).

MVB Financial's annual credit losses provision increased from Dec. 2021 (€-5.6 Mil) to Dec. 2022 (€13.4 Mil) but then declined from Dec. 2022 (€13.4 Mil) to Dec. 2023 (€-1.8 Mil).

MVB Financial Credit Losses Provision Historical Data

The historical data trend for MVB Financial's Credit Losses Provision 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 Credit Losses Provision Chart

MVB Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.61

13.63

-5.55

13.40

-1.76

MVB Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															4.27	-3.91	-0.15	-1.93	1.84

MVB Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4.1 Mil.

MVB Financial (STU:MV6) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MVB Financial Corp (STU:MV6) » Definitions » Credit Losses Provision

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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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