FAIRMONT, W.Va.–(BUSINESS WIRE)–MVB Financial Corp. (NASDAQ: MVBF) announced today it ranks number 29 on Fortune’s 100 Fastest-Growing Companies list for 2021. Fortune’s annual list recognizes the top performing, publicly traded companies in revenues, profits and stock returns over the three-year period ended April 30, 2021. The designation highlights MVB’s strong performance since joining The Nasdaq Capital Market® in December 2017.
“MVB has embraced the transformative power of technology in the banking industry. Through our innovative strategy, our Fintech initiatives continue to power our core funding transformation and solidify our niche as the bank of choice for the online gaming industry. We continue to seek opportunities to be adaptive, such as our new partnership with NYDIG that allows our Fintech clients to offer Bitcoin-related products, and to conduct strategic initiatives to enhance shareholder value,” said Larry F. Mazza, President and CEO, MVB Financial.
“As we grow, MVB strives to be trusted partners on the financial frontier, committed to the success of our Team Members, clients, shareholders and communities. We are pleased to be in a position to add value for those who support us. I am grateful to Team MVB for the dedication, commitment and teamwork that makes our growth possible.”
According to Fortune, the financial sector took the lead in its rankings for the second consecutive year. The financial sector makes up one-third of the companies on the list, which includes banks, trading shops and lenders. For more information or to view the entire list, visit: https://fortune.com/100-fastest-growing-companies/2021.
To qualify for Fortune’s 100 Fastest-Growing Companies list, a company-domestic or foreign- must be trading on a major U.S. stock exchange; report data in U.S. dollars; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2021; and have been trading continuously since June 30, 2018. Companies must have revenue and net income for the four quarters ended on or before April 30, 2021, of at least $50 million and $10 million, respectively, and have posted an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2021.
Companies that meet these criteria are ranked by revenue growth rate, EPS growth rate, and three-year annualized total return for the period ended June 30, 2021. (To compute the revenue and EPS growth rates, Fortune uses a trailing-four-quarters log linear least square regression fit.) For more information about the methodology, visit: https://fortune.com/franchise-list-page/methodology-fastest-growing-companies-2021/.
About MVB Financial Corp.
MVB Financial Corp. (“MVB Financial” or “MVB”), the innovative financial holding company of MVB Bank, is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Through its subsidiary, MVB Bank, Inc., (“MVB Bank”) and the bank’s subsidiaries, MVB provides services to individuals and corporate clients in the Mid-Atlantic region, as well as to Fintech, Payment and Gaming clients throughout the United States. For more information about MVB, please visit ir.mvbbanking.com.
