MVB Financial sells $73M in securities to reposition portfolio

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MVB Financial (NASDAQ:MVBF [https://seekingalpha.com/symbol/MVBF]) has sold $73M in available-for-sale investment securities as part of a portfolio repositioning strategy.

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The sold securities had a weighted-average yield of 1.70% and average life of 9.6 years.

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The sale included $49M in municipal bonds, $15M in mortgage-backed securities, and $9M in U.S. agency securities.

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The transaction will result in a $7.6M pre-tax loss, to be recognized in Q3 2025.

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Proceeds will be reinvested into higher-yielding assets aligned with MVB’s current risk and asset/liability strategy.

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Source: Press release [https://seekingalpha.com/pr/20255291-mvb-financial-corp-announces-investment-securities-repositioning-strategy]

MORE ON MVB FINANCIAL

* MVB Financial CFO Donald Robinson to step down; CEO Larry Mazza to reassume President role [https://seekingalpha.com/news/4466824-mvb-financial-cfo-donald-robinson-to-step-down-ceo-larry-mazza-to-reassume-president-role]
* Seeking Alpha’s Quant Rating on MVB Financial  [https://seekingalpha.com/symbol/MVBF/ratings/quant-ratings]
* Historical earnings data for MVB Financial  [https://seekingalpha.com/symbol/MVBF/earnings]
* Dividend scorecard for MVB Financial  [https://seekingalpha.com/symbol/MVBF/dividends/scorecard]
* Financial information for MVB Financial  [https://seekingalpha.com/symbol/MVBF/income-statement]