MVB reports 3Q earnings increase - Beckley, Bluefield & Lewisburg News, Weather, Sports

MVB reports 3Q earnings increase

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MVB Financial Corp., parent company of MVB Bank, on Nov. 12 reported third-quarter earnings of $3.43 million, in increase of 26 percent over the third quarter of 2012.

The company's earning's release attributed the results to overall growth in deposits, loans and total assets compared to the 2012 third quarter and the second quarter of 2013.

"While our third quarter results are strong, we remain focused on sustainable growth opportunities and profitability with regard to strategic investments as well as expense control opportunities," Larry F. Mazza, MVB's CEO, said in the earnings release.

"We continue to manage our growth and look forward to integrating a new market into MVB and to continue to analyze every aspect of our operations and test out strategic assumptions to ensure our ‘growth with quality' strategy."