MVB Financial Strengthens Fintech Partnerships Amid Challenges

MVB Financial ( (MVBF) ) just unveiled an update.

MVB Financial Corp. emphasizes its strategic focus on fintech partnerships, including a notable collaboration with Jack Henry, aiming to boost payment capabilities and expand its banking-as-a-service model. Despite challenges like the exit from digital asset accounts impacting earnings, MVB maintains a strong liquidity position with significant growth in payment-related deposits. The company’s use of non-GAAP measures highlights its efforts to provide investors with clear insights into its financial health and competitive positioning in the evolving financial landscape.

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