MVB Financial (STU:MV6) Scaled Net Operating Assets : -0.19 (As of Mar. 2024)

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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 Mar. 2024 was €2,352.7 Mil. MVB Financial's operating liabilities for the quarter that ended in Mar. 2024 was €2,921.4 Mil. MVB Financial's Total Assets for the quarter that ended in Dec. 2023 was €3,038.8 Mil. Therefore, MVB Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.19.

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 )
=	(2673.654	-	2699.844)	/	2896.994
=	-0.01

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3038.83	-	365.176
=	2673.654

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2773.503	-	73.659	-	0
=	2699.844

MVB Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(2352.703	-	2921.378)	/	3038.83
=	-0.19

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3263.599	-	910.896
=	2352.703

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2995.117	-	73.739	-	0
=	2921.378

* 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 (STU:MV6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MVB Financial Corp (STU:MV6) » Definitions » Scaled Net Operating Assets

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.