MVB Financial announces up to $10M stock repurchase program

MVB Financial (MVBF) announced the authorization by the company’s Board of Directors of a stock repurchase program of up to $10M of MVB’s company’s common stock. MVB intends to begin repurchasing stock in November 2025, and the stock repurchase program will expire upon the expenditure of $10 million, when terminated or otherwise completed. Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by MVB’s management and in accordance with the regulations of the Securities and Exchange Commission. The timing of purchases and the number of shares repurchased under the stock repurchase program will depend on a variety of factors, including price, trading volume, market conditions and corporate and regulatory requirements. “Following the successful completion of our $10 million stock repurchase program announced in May 2025, MVB’s robust capital position enables us to launch this second repurchase program,” said Larry F. Mazza, President and CEO of MVB Bank, Inc. and MVB Financial. “This action underscores our confidence in the fundamental strength of our balance sheet and the long-term value we are creating for our shareholders.”