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MVB Exhibit 99.1 FINANCIAL NEWSRELEASE MEDIA CONTACT Amy Baker VP , Corporate Communications and Marketing MVB Bank abaker@mvbbanking.com ( 844 ) 682-2265 Strong First Quarter Growth in Loans , Deposits and Investments in Technology is Distancing MVB from the Pack ( FAIRMONT , WV ) May 3 , 2021 – MVB Financial Corp. ( NASDAQ : MVBF ) ( " MVB Financial , ” “ MVB , " or the " Company " ) today reported net income of $ 8.1 million , or $ 0.70 basic and $ 0.66 diluted earnings per share for the three months ended March 31 , 2021 . Quarterly 2020 Net income Earnings per share - basic Earnings per share - diluted FIRST QUARTER 2021 HIGHLIGHTS 2021 2019 First Quarter Fourth Quarter First Quarter $ 8,085 $ 11,838 $ 1,048 $ $ 0.70 $ 0.66 $ 1.00 $ 0.97 $ 0.08 0.08 • Deposits : Noninterest - bearing ( " NIB " ) deposits were $ 837.2 million as of March 31 , 2021 , an increase of $ 121.4 million , or 17.0 % , from December 31 , 2020 , and an increase of $ 449.7 million , or 116.0 % , from March 31 , 2020. NIB deposits as a percentage of total deposits were 37.8 % as of March 31 , 2021 , compared to 36.1 % as of December 31 , 2020 and 24.2 % as of March 31 , 2020 . • • • Tangible Book Value ( " TBV " ) per Share : TBV per share , a non - U.S . GAAP measure , was $ 19.98 as of March 31 , 2021 an increase of $ 0.26 , or 1.3 % , from December 31 , 2020 , and an increase of $ 4.82 , or 31.8 % , from March 31 , 2020. A reconciliation of TBV to its most comparable U.S. GAAP measure is included below . Asset Quality : Nonperforming assets , including nonperforming loans and other real estate owned , were $ 16.8 million , or 0.6 % of total assets , compared to $ 19.4 million , or 0.8 % , at December 31 , 2020 , and $ 7.1 million , or 0.3 % , at March 31 , 2020 . Capital : MVB Bank , Inc. ( " MVB Bank " or the " Bank ” ) finished the first quarter with strong capital ratios . As of March 31 , 2021 , the Bank's Community Bank Leverage Ratio was 11.3 % . The Company's tangible common equity to tangible assets was 8.8 % as of March 31 , 2021 . 1