MVB Financial Corp. Announces Third Quarter 2026 Results
FAIRMONT, W. Va.--( BUSINESS WIRE)--MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. (“MVB Bank”), today announced financial results for the third quarter of 2026. The Fintech-enabled bank powering payments, banking-as-a-service and gaming programs for leading Fintech companies nationwide reported net income of $0.4 million, or $0.03 basic and $0.03 diluted income per share, for the third quarter of 2026.
“During the third quarter, we made tangible progress on several key initiatives that are strengthening our underlying business." - Larry F. Mazza, CEO and President
Third Quarter 2026 Highlights
Net income of $0.4 million, or $0.03 per diluted share, primarily reflecting a $9.9 million provision for credit losses.
Net interest income up 1.0% to $32.6 million, and up 18.1% year-to-date.
Core fully tax equivalent (“FTE”) net interest margin, a non-U.S. GAAP financial measure 1, up 15 basis points to 4.02%.
Total cost of funds down 6 basis points, to 2.07%.
Fintech Payments deposits increased to $766.0 million, representing a 28.1% increase, from the prior quarter period and a 55.4% increase, from the prior year period.
Payment Card and Service Charge income of $5.2 million, down 12.8% due to seasonality, but up 39.6% compared to the third quarter of 2025.
Onboarded four new fintech partners during the quarter, bringing YTD wins to nine new fintech partners.
Noninterest expense down 1.9%, to $29.8 million.
From Larry F. Mazza, President and Chief Executive Officer, MVB Financial:
“During the third quarter, we made tangible progress on several key initiatives that are strengthening our underlying business. Net interest income has increased 18% through the first nine months of the year, while core net interest margin expanded 15 basis points during the quarter to 4.02%. An important contributor to that improvement has been the continued growth of our Fintech Payments deposit relationships. Payment related deposits increased 28% during the quarter to $766 million, representing nearly 25% of total deposits, as we have now onboarded nine new fintech partnerships year-to-date. This growth is further diversifying our funding base and reducing reliance on higher cost funding, which is particularly valuable in a rising interest rate environment. This shift helped drive a six basis point decline in our overall cost of funds during the quarter.
“We also took decisive action during the quarter to address specific credit exposures, resulting in an elevated provision for credit losses that had a significant impact on earnings. Nearly three quarters of the increase in nonperforming loans and almost half of the provision were attributable to one land loan involving borrower- and property-specific circumstances. We also continue to work through our legacy SBA portfolio, which we began winding down in 2022 and now totals approximately $23 million. Importantly, criticized loans have declined approximately 45% since early 2025, while our allowance for credit losses has nearly doubled. We believe this reflects meaningful progress in strengthening our overall credit risk profile, and we have not observed broader deterioration across the loan portfolio.
“Our payments business is also generating meaningful fee income growth, with payment card and service charge income up 22% through the first nine months of the year. Quarterly noninterest expense declined below $30 million, reflecting continued expense discipline. We believe our progress in funding diversification, payments revenue growth and operating efficiency is strengthening the foundation for improved financial performance.”
THIRD QUARTER 2026 HIGHLIGHTS
Conference Call and Webcast
The Company will host a conference call and webcast at 5:00 p.m. Eastern Time today, October 29, 2026, to discuss its quarterly financial results. The call can be accessed via telephone at 877-451-6152 (domestic) or 201-389-0879 (international). A recorded replay can be accessed through November 12, 2026, by dialing 844-512-2921 (domestic) or 412-317-6671 (international); access code: 13762252. Additionally, interested parties can listen to a live webcast of the call on the Company's website at ir.mvbbanking.com. An archived version of the webcast will be available in the same location shortly after the live call has ended.
About MVB Financial Corp.
MVB Financial Corp. (Nasdaq: MVBF) is an innovative bank powering Fintech solutions in payments, card issuance and online gaming programs for leading Fintech companies nationwide, while providing traditional retail and commercial banking services within established markets. MVB’s comprehensive platform includes money movement solutions across all modalities and embedded finance capabilities. MVB combines proven Fintech builder/incubator capabilities, innovative culture, regulatory expertise, core banking and AI-driven operational efficiency to enable Fintech partners to navigate complex regulatory requirements while accelerating time-to-market. For more information about MVB, please visit ir.mvbbanking.com.
Forward-Looking Statements
MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as “may,” “could,” “should,” “would,” “will,” “plans,” “believes,” “estimates,” “expects,” “anticipates,” “intends,” “continues” or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity and credit risk; changes in market interest rates; inability to successfully execute business plans, including strategies related to investments in Fintech companies; competition; industry factors and volatility and disruption in local, national and international political and economic conditions, such as economic slowdowns or recessions, nationally and in the markets in which we operate and other developments such as wars, natural disasters, epidemics or pandemics, military actions, terrorist attacks or geopolitical conflict, and any governmental or societal responses thereto; changes in demand for loan products and deposit flows; changes in deposit classifications; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as its other filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov. Except as required by law, the Company disclaims any obligation to update, revise or correct any forward-looking statements.
Accounting standards require the consideration of subsequent events occurring after the balance sheet date for matters that require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of a public company’s financial statements when filed with the SEC. Accordingly, the consolidated financial information in this announcement is subject to change.
Non-U.S. GAAP Financial Measures
This document contains supplemental financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management uses these non-U.S. GAAP financial measures in its analysis of the Company’s performance. These measures should not be considered a substitute for GAAP basis measures, nor should they be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of non-U.S. GAAP financial measures that exclude the impact of specified items provides useful supplemental information for a proper understanding of the Company’s financial condition and results. Non-U.S. financial GAAP measures are not formally defined under GAAP, and other entities may use calculation methods that differ from those used by the Company. As a complement to GAAP financial measures, management believes these non-U.S. GAAP financial measures assist investors in comparing the financial condition and results of operations of financial institutions due to the industry prevalence of such non-U.S. GAAP financial measures. See the tables below for a reconciliation of these non-U.S. GAAP financial measures to the most directly comparable GAAP financial measures.
MVB Financial Corp.
Financial Highlights
Consolidated Statements of Income
(Unaudited) (Dollars in thousands, except per share data)
Quarterly
Year-to-Date
2026
2026
2025
2026
2025
Third Quarter
Second Quarter
Third Quarter
Interest income
$
49,145
$
48,583
$
44,220
$
142,502
$
129,833
Interest expense
16,549
16,309
17,647
49,180
50,804
Net interest income
32,596
32,274
26,573
93,322
79,029
Provision for credit losses
9,947
4,677
4,427
16,478
6,594
Net interest income after provision for credit losses
22,649
27,597
22,146
76,844
72,435
Total noninterest income
7,837
18,796
34,612
34,842
49,565
Noninterest expense:
Salaries and employee benefits
17,130
17,641
21,399
50,923
53,612
Other expense
12,717
12,769
11,932
37,446
36,989
Total noninterest expenses
29,847
30,410
33,331
88,369
90,601
Income before income taxes
639
15,983
23,427
23,317
31,399
Income tax expense
201
3,732
6,291
5,444
8,702
Net income, before noncontrolling interest
438
12,251
17,136
17,873
22,697
Net loss attributable to noncontrolling interest
—
—
—
—
18
Net income available to common shareholders
$
438
$
12,251
$
17,136
$
17,873
$
22,715
Earnings per share - basic
$
0.03
$
0.95
$
1.36
$
1.39
$
1.77
Earnings per share - diluted
$
0.03
$
0.93
$
1.32
$
1.35
$
1.73
Noninterest Income
(Unaudited) (Dollars in thousands)
Quarterly
Year-to-Date
2026
2026
2025
2026
2025
Third Quarter
Second Quarter
Third Quarter
Payment card and service charge income
$
5,238
$
6,008
$
3,753
$
16,332
$
13,391
Investment portfolio gains (losses)
(70
)
10,592
(6,638
)
11,191
(7,112
)
Equity method investments income
1,657
1,834
2,395
5,457
5,355
Gain on divestiture activity
—
—
34,086
—
34,694
Other noninterest income
1,012
362
1,016
1,862
3,237
Total noninterest income
$
7,837
$
18,796
$
34,612
$
34,842
$
49,565
Condensed Consolidated Balance Sheets
(Unaudited) (Dollars in thousands)
September 30, 2026
June 30, 2026
September 30, 2025
Cash and cash equivalents
$
209,957
$
312,596
$
300,042
Investment securities available-for-sale
443,648
429,578
324,709
Equity securities
62,674
62,503
44,199
Loans receivable
2,520,189
2,476,393
2,259,386
Less: Allowance for credit losses
(36,247
)
(28,217
)
(23,322
)
Loans receivable, net
2,483,942
2,448,176
2,236,064
Premises and equipment, net
9,698
9,935
10,351
Other assets
304,306
283,065
317,588
Total assets
$
3,514,225
$
3,545,853
$
3,232,953
Noninterest-bearing deposits
$
996,002
$
1,069,207
$
1,027,231
Interest-bearing deposits
2,091,750
2,042,169
1,748,847
Subordinated debt
34,097
34,072
73,976
Revolving line of credit
20,000
20,000
—
Other liabilities
42,717
35,862
55,147
Total liabilities
3,184,566
3,201,310
2,905,201
Common stock
14,378
14,323
13,892
Additional paid-in capital
174,314
172,940
167,608
Retained earnings
201,726
203,497
188,350
Accumulated other comprehensive loss
(32,581
)
(18,039
)
(15,239
)
Treasury stock
(28,178
)
(28,178
)
(26,859
)
Total stockholders’ equity
329,659
344,543
327,752
Total liabilities and stockholders’ equity
$
3,514,225
$
3,545,853
$
3,232,953
Average Balances and Interest Rates
(Unaudited) (Dollars in thousands)
Three Months Ended
Three Months Ended
Three Months Ended
September 30, 2026
June 30, 2026
September 30, 2025
Average
Balance
Interest
Income/
Expense
Yield/
Cost
Average
Balance
Interest
Income/
Expense
Yield/
Cost
Average
Balance
Interest
Income/
Expense
Yield/
Cost
Assets
Interest-bearing balances with banks
$
326,650
$
2,850
3.46
%
$
252,962
$
2,289
3.63
%
$
410,979
$
4,396
4.24
%
Investment securities:
Taxable
380,016
5,149
5.38
371,891
4,790
5.17
299,747
3,144
4.16
Tax-exempt 1
61,315
638
4.13
55,637
538
3.88
94,081
822
3.47
Loans: 2
Commercial
1,782,256
31,693
7.06
1,801,797
33,481
7.45
1,589,996
29,194
7.28
Tax-exempt 1
2,229
27
4.81
2,327
27
4.65
2,588
29
4.45
Real estate
615,349
7,823
5.04
581,342
6,375
4.40
567,427
6,252
4.37
Consumer
59,390
1,105
7.38
59,253
1,202
8.14
21,635
563
10.32
Total loans
2,459,224
40,648
6.56
2,444,719
41,085
6.74
2,181,646
36,038
6.55
Total earning assets
3,227,205
49,285
6.06
3,125,209
48,702
6.25
2,986,453
44,400
5.90
Less: Allowance for credit losses
(29,624
)
(22,877
)
(21,157
)
Cash and due from banks
11,076
9,742
11,012
Other assets
336,899
344,238
299,774
Total assets
$
3,545,556
$
3,456,312
$
3,276,082
Liabilities
Deposits:
NOW
$
824,627
$
6,454
3.11
%
$
798,433
$
6,388
3.21
%
$
746,687
$
5,676
3.02
%
Money market checking
627,508
4,096
2.59
582,385
3,641
2.51
486,684
3,216
2.62
Savings
150,611
1,094
2.88
149,211
1,062
2.85
151,801
1,249
3.26
IRAs
6,502
52
3.17
6,580
51
3.11
7,410
67
3.59
CDs
410,254
4,164
4.03
447,766
4,483
4.02
601,020
6,628
4.38
Total interest-bearing deposits
2,019,502
15,860
3.12
1,984,375
15,625
3.16
1,993,602
16,836
3.35
Repurchase agreements and federal funds sold
3,827
16
1.66
4,549
23
2.03
3,309
14
1.68
FHLB and other borrowings
33
—
—
1,321
9
2.73
145
—
—
Subordinated debt
34,088
329
3.83
34,063
314
3.70
73,951
797
4.28
Revolving line of credit
20,000
344
6.82
20,000
338
6.78
—
—
—
Total interest-bearing liabilities
2,077,450
16,549
3.16
2,044,308
16,309
3.20
2,071,007
17,647
3.38
Noninterest-bearing demand deposits
1,088,707
1,030,279
862,124
Other liabilities
36,714
37,872
43,482
Total liabilities
3,202,871
3,112,459
2,976,613
Stockholders’ equity
Common stock
14,351
14,221
13,883
Paid-in capital
173,699
172,231
166,488
Treasury stock
(28,178
)
(27,596
)
(25,578
)
Retained earnings
204,098
202,957
172,258
Accumulated other comprehensive loss
(21,285
)
(17,960
)
(27,582
)
Total stockholders’ equity
342,685
343,853
299,469
Total liabilities and stockholders’ equity
$
3,545,556
$
3,456,312
$
3,276,082
Net interest income and margin (tax-equivalent) 1
$
32,736
4.02
%
$
32,393
4.16
%
$
26,753
3.55
%
Less: Tax-equivalent adjustments
(140
)
(119
)
(180
)
Net interest income and margin
$
32,596
4.01
%
$
32,274
4.14
%
$
26,573
3.53
%
1In order to make pre-tax income and resultant yields on tax-exempt loans and investment securities comparable to those on taxable loans and investment securities, a tax-equivalent adjustment has been computed using a Federal tax rate of 21% for the periods presented, which is a non-U.S. GAAP financial measure. See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 13.
2 Non-accrual loans are included in total loan balances, lowering the effective yield for the portfolio in the aggregate.
Nine Months Ended
Nine Months Ended
September 30, 2026
September 30, 2025
Average
Balance
Interest
Income/
Expense
Yield/
Cost
Average
Balance
Interest
Income/
Expense
Yield/
Cost
Assets
Interest-bearing balances with banks
$
306,787
$
8,170
3.56
%
$
396,125
$
12,722
4.29
%
Investment securities:
Taxable
371,336
14,348
5.17
310,905
8,730
3.75
Tax-exempt 1
57,913
1,733
4.00
97,376
2,497
3.43
Loans: 2
Commercial
1,781,341
95,407
7.16
1,523,973
85,584
7.51
Tax-exempt 1
2,280
80
4.69
2,710
89
4.39
Real estate
577,829
19,910
4.61
578,184
19,183
4.44
Consumer
56,608
3,236
7.64
20,990
1,572
10.01
Total loans
2,418,058
118,633
6.56
2,125,857
106,428
6.69
Total earning assets
3,154,094
142,884
6.06
2,930,263
130,377
5.95
Less: Allowance for credit losses
(24,805
)
(20,088
)
Cash and due from banks
10,259
8,750
Other assets
339,294
309,504
Total assets
$
3,478,842
$
3,228,429
Liabilities
Deposits:
NOW
$
778,022
$
18,059
3.10
%
$
642,378
$
13,776
2.87
%
Money market checking
584,334
10,809
2.47
394,352
7,593
2.57
Savings
149,905
3,353
2.99
119,843
2,750
3.07
IRAs
6,737
163
3.23
7,514
216
3.84
CDs
469,149
14,411
4.11
690,273
23,966
4.64
Total interest-bearing deposits
1,988,147
46,795
3.15
1,854,360
48,301
3.48
Repurchase agreements and federal funds sold
4,186
60
1.92
3,520
53
2.01
FHLB and other borrowings
470
10
2.84
1,738
59
4.54
Senior term loan
15,897
814
6.85
—
—
—
Subordinated debt
42,855
1,501
4.68
73,890
2,391
4.33
Total interest-bearing liabilities
2,051,555
49,180
3.21
1,933,508
50,804
3.51
Noninterest-bearing demand deposits
1,043,840
946,335
Other liabilities
41,748
45,376
Total liabilities
3,137,143
2,925,219
Stockholders’ equity
Common stock
14,231
13,835
Paid-in capital
172,333
165,695
Treasury stock
(27,597
)
(20,148
)
Retained earnings
200,211
172,012
Accumulated other comprehensive loss
(17,479
)
(28,196
)
Total stockholders’ equity attributable to parent
341,699
303,198
Noncontrolling interest
—
12
Total stockholders’ equity
341,699
303,210
Total liabilities and stockholders’ equity
$
3,478,842
$
3,228,429
Net interest income and margin (tax-equivalent) 1
$
93,704
3.97
%
$
79,573
3.63
%
Less: Tax-equivalent adjustments
(382
)
(544
)
Net interest income and margin
$
93,322
3.96
%
$
79,029
3.61
%
1 In order to make pre-tax income and resultant yields on tax-exempt loans and investment securities comparable to those on taxable loans and investment securities, a tax-equivalent adjustment has been computed using a Federal tax rate of 21% for the periods presented, which is a non-U.S. GAAP financial measure. See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 13.
2 Non-accrual loans are included in total loan balances, lowering the effective yield for the portfolio in the aggregate.
Selected Financial Data
(Unaudited) (Dollars in thousands, except share and per share data)
Quarterly
Year-to-Date
2026
2026
2025
2026
2025
Third Quarter
Second Quarter
Third Quarter
Earnings and Per Share Data:
Net income
$
438
$
12,251
$
17,136
$
17,873
$
22,715
Earnings per share - basic
$
0.03
$
0.95
$
1.36
$
1.39
$
1.77
Earnings per share - diluted
$
0.03
$
0.93
$
1.32
$
1.35
$
1.73
Cash dividends paid per common share
$
0.17
$
0.17
$
0.17
$
0.51
$
0.51
Book value per common share
$
25.35
$
26.61
$
26.07
$
25.35
$
26.07
Tangible book value per common share 1
$
25.26
$
26.52
$
25.98
$
25.26
$
25.98
Weighted-average shares outstanding - basic
12,975,828
12,869,947
12,615,475
12,880,779
12,824,037
Weighted-average shares outstanding - diluted
13,282,953
13,186,672
13,010,527
13,209,658
13,099,196
Performance Ratios:
Return on average assets 2
—
%
1.4
%
2.1
%
0.7
%
0.9
%
Return on average equity 2
0.5
%
14.3
%
22.9
%
7.0
%
10.0
%
Net interest margin 3 4
4.02
%
4.16
%
3.55
%
3.97
%
3.63
%
Efficiency ratio 5
73.8
%
59.5
%
54.5
%
68.9
%
70.5
%
Overhead ratio 2 6
3.4
%
3.5
%
4.1
%
3.4
%
3.7
%
Equity to assets
9.4
%
9.7
%
10.1
%
9.4
%
10.1
%
Asset Quality Data and Ratios:
Charge-offs
$
3,046
$
1,773
$
967
$
6,709
$
2,982
Recoveries
$
540
$
391
$
295
$
1,323
$
1,270
Net loan charge-offs to total loans 2, 7
0.41
%
0.23
%
0.12
%
0.30
%
0.11
%
Allowance for credit losses
$
36,247
$
28,217
$
23,322
$
36,247
$
23,322
Allowance for credit losses to total loans
1.44
%
1.14
%
1.03
%
1.44
%
1.03
%
Nonperforming loans
$
46,783
$
29,233
$
26,214
$
46,783
$
26,214
Nonperforming loans to total loans
1.9
%
1.2
%
1.2
%
1.9
%
1.2
%
Criticized loans to total loans
2.9
%
3.1
%
4.1
%
2.9
%
4.1
%
Mortgage Company Equity Method Investees Production Data 8:
Mortgage pipeline
$
1,160,978
$
1,236,366
$
1,174,362
$
1,160,978
$
1,174,362
Loans originated
$
1,352,172
$
1,491,404
$
1,546,353
$
4,250,497
$
4,209,658
Loans closed
$
1,003,981
$
927,934
$
1,014,469
$
2,868,704
$
2,784,853
Loans sold
$
638,154
$
820,716
$
702,938
$
2,206,699
$
2,046,657
1 Common equity, less total goodwill and intangibles per common share, a non-U.S. GAAP financial measure. See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 13.
2 Annualized for the quarterly periods presented.
3 Net interest income as a percentage of average interest-earning assets.
4 Presented on a fully tax-equivalent basis, a non-U.S. GAAP financial measure.
5 Noninterest expense as a percentage of net interest income and noninterest income.
6 Noninterest expense as a percentage of average assets.
7 Ratio of charge-offs, less recoveries to total loans.
8 Information is related to Intercoastal Mortgage Company, LLC and Warp Speed Holdings, LLC, entities in which MVB has an ownership interest that are accounted for as equity method investments.
Non-U.S. GAAP Reconciliation: Net Interest Income and Net Interest Margin on a Fully Tax-Equivalent Basis
The following table reconciles, for the periods shown below, net interest income and net interest margin on a fully tax-equivalent basis:
Three Months Ended
Nine Months Ended
(Dollars in thousands)
September 30,
2026
June 30, 2026
September 30,
2025
September 30,
2026
September 30,
2025
Net interest margin - U.S. GAAP basis
Net interest income
$
32,596
$
32,274
$
26,573
$
93,322
$
79,029
Average interest-earning assets
$
3,227,205
$
3,125,209
$
2,986,453
$
3,154,094
$
2,930,263
Net interest margin
4.01
%
4.14
%
3.53
%
3.96
%
3.61
%
Net interest margin - non-U.S. GAAP basis
Net interest income
$
32,596
$
32,274
$
26,573
$
93,322
$
79,029
Impact of fully tax-equivalent adjustment
140
119
180
382
544
Net interest income on a fully tax-equivalent basis
$
32,736
$
32,393
$
26,753
$
93,704
$
79,573
Average interest-earning assets
$
3,227,205
$
3,125,209
$
2,986,453
$
3,154,094
$
2,930,263
Net interest margin on a fully tax-equivalent basis
4.02
%
4.16
%
3.55
%
3.97
%
3.63
%
Core net interest margin - non-U.S. GAAP basis
Net interest income on a fully tax-equivalent basis
$
32,736
$
32,393
$
26,753
$
93,704
$
79,573
Less: interest income from non-recurring items
—
(2,272
)
—
(2,272
)
—
Core net interest income on a fully tax-equivalent basis
$
32,736
$
30,121
$
26,753
$
91,432
$
79,573
Average interest-earning assets
$
3,227,205
$
3,125,209
$
2,986,453
$
3,154,094
$
2,930,263
Adjusted net interest margin on a fully tax-equivalent basis
4.02
%
3.87
%
3.55
%
3.88
%
3.63
%
Non-U.S. GAAP Reconciliation: Tangible Book Value per Common Share and Tangible Common Equity Ratio
(Unaudited) (Dollars in thousands, except per share data)
September 30, 2026
June 30, 2026
September 30, 2025
Tangible Book Value per Common Share
Goodwill
$
1,200
$
1,200
$
1,200
Total intangibles
$
1,200
1,200
1,200
Total equity attributable to parent
$
329,659
344,543
327,752
Less: Total intangibles
(1,200
)
(1,200
)
(1,200
)
Tangible common equity
$
328,459
$
343,343
$
326,552
Tangible common equity
$
328,459
$
343,343
$
326,552
Common shares outstanding (000s)
13,003
12,947
12,570
Tangible book value per common share
$
25.26
$
26.52
$
25.98
Tangible Common Equity Ratio
Total assets
$
3,514,225
$
3,545,853
$
3,232,953
Less: Total intangibles
(1,200
)
(1,200
)
(1,200
)
Tangible assets
$
3,513,025
$
3,544,653
$
3,231,753
Tangible assets
$
3,513,025
$
3,544,653
$
3,231,753
Tangible common equity
$
328,459
$
343,343
$
326,552
Tangible common equity ratio
9.3
%
9.7
%
10.1
%