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FAIRMONT, W.Va.--(BUSINESS WIRE)--Nov 21, 2024-- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2024, payable on December 15, 2024. This is the fourth quarterly dividend for 2024. “We are pleased to continue to add value for our shareholders and encouraged by the adaptability of Team MVB and the resilience of our business model,” said Larry F. Mazza, Chief Executive Officer, MVB Financial. “MVB’s foundational strength remains intact, evidenced by stable asset quality, an enhanced capital base and growth in tangible book value per share. We are increasingly well-positioned for future growth and improved profitability.” About MVB Financial Corp. MVB Financial Corp., the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its subsidiary, MVB Bank, Inc., and the Bank's subsidiaries, the Company provides banking services to Fintech clients throughout the United States. For more information about MVB, please visit http://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; impacts related to or resulting from recent bank failures and volatility; inability to achieve anticipated synergies and successfully integrate recent mergers and acquisitions; inability to successfully execute business plans, including strategies related to investments in Fintech companies; competition; the pace of recovery following the continued effects of the COVID-19 pandemic and its impact on the Company’s business and financial condition; changes in economic, business, and political conditions; changes in demand for loan products and deposit flow; 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, 2022, 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. View source version on businesswire.com : https://www.businesswire.com/news/home/20241121464014/en/ CONTACT: MEDIA CONTACT Amy Baker VP, Corporate Communications and Marketing MVB Bank abaker@mvbbanking.com (844) 682-2265INVESTOR RELATIONS Marcie Lipscomb mlipscomb@mvbbanking.com (844) 682-2265 KEYWORD: WEST VIRGINIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: MVB Financial Corp. Copyright Business Wire 2024. PUB: 11/21/2024 04:30 PM/DISC: 11/21/2024 04:30 PM http://www.businesswire.com/news/home/20241121464014/enGREEN BAY, Wis. (AP) — After losing to San Francisco in the playoffs three of the last five seasons, the Green Bay Packers wouldn’t mind seeing the 49ers get left out of the postseason entirely. The Packers (7-3) could damage San Francisco’s playoff hopes Sunday by beating the 49ers at Lambeau Field. San Francisco (5-5) dropped to .500 after losing at home to the Seattle Seahawks, though the 49ers remain just a game behind the Arizona Cardinals in the NFC West. “I think we’re motivated to keep winning more than anything,” Packers center Josh Myers said. “Obviously, they have knocked us out quite a bit. There’s that extra motivation behind it, but at this point, we’re just trying to churn out wins.” The 49ers will be playing this game without starting quarterback Brock Purdy, who injured his right shoulder in the Seahawks game. Although an MRI showed no structural damage, Purdy's shoulder didn't improve as the week wore on. Brandon Allen will start in Purdy's place. Green Bay is third in the NFC North and two games behind the Detroit Lions, but the Packers appear on track to at least earn a wild-card playoff berth. History suggests their path to a potential Super Bowl would get much clearer if the 49ers aren’t standing in their way. The 49ers trailed 21-14 in the fourth quarter before rallying to beat the Packers 24-21 in the divisional playoffs last year on Christian McCaffrey’s 6-yard touchdown run with 1:07 left. Now, it’s the 49ers who are struggling to protect late leads, as they’ve blown fourth-quarter advantages in three games against divisional opponents. “You could look at, ‘Hey, we’re three possessions away from being 8-2,’ but you can’t really live like that,” 49ers tight end George Kittle said. “Those are the mistakes that we’ve made to be 5-5. It’s not exactly where we want to be. It is frustrating. The nice thing is we have seven games left to go out there and play Niners football and take advantage of those opportunities.” Green Bay’s recent history of playoff frustration against the 49ers also includes a 13-10 loss at Lambeau Field in the 2021 divisional playoffs and a 37-20 road defeat in the 2019 NFC championship game. Even the Packers players who weren’t around for last season’s playoff loss realize what this game means. “I think one of the first meetings that I was in here, we had a conversation about the Niners beating us,” said Green Bay safety Xavier McKinney, who joined the Packers this season. “So I understand how important it is, and we all do.” Red-zone concerns Both teams must figure out how to convert red-zone opportunities into touchdowns. The 49ers are scoring touchdowns on just 48.8% of their drives inside an opponent’s 20-yard line to rank 27th in the NFL. The Packers are slightly worse in that regard, scoring touchdowns on 48.7% of their red-zone possessions to rank 28th. In their 20-19 victory at Chicago on Sunday, Green Bay drove to the Bears 5 without scoring on two separate series. Injury issues Purdy isn't the only notable player who won't be participating in Sunday's game. San Francisco won't have four-time Pro Bowl edge rusher Nick Bosa available after he hurt his left hip and oblique against the Seahawks. Packers cornerback Jaire Alexander (knee) and linebacker Edgerrin Cooper (hamstring) also have been ruled out. Kittle expects to play for the 49ers on Sunday after missing the Seahawks game with a hamstring injury. 49ers left tackle Trent Williams (ankle) is questionable. Seeking takeaways Green Bay’s defense feasted on turnovers the first part of the season, but hasn’t been as effective in getting those takeaways lately. The Packers have 19 takeaways – already exceeding their 2023 total – but haven’t forced any turnovers in their last two games. Heavy load 49ers coach Kyle Shanahan hasn’t eased McCaffrey back into the lineup in his return after missing the first eight games with Achilles tendinitis. McCaffrey has played 91% of the 49ers’ offensive snaps the past two weeks. Jordan Mason, who rushed for 685 yards during McCaffrey’s absence, has just five snaps on offense the last two games. Shanahan said he’d like to get Mason more opportunities, but it’s hard to take McCaffrey off the field. Delivering on third down Green Bay nearly lost to the Bears because of its third-down struggles on both sides of the ball. The Packers were 1 of 5 on third-down opportunities, while the Bears went 9 of 16. The Packers’ defense could have a tough time correcting that problem against San Francisco, which has converted 45.4% of its third-down situations to rank fourth in the league. ___ AP Pro Football Writer Josh Dubow contributed to this report. ___ AP NFL: https://apnews.com/hub/NFL Steve Megargee, The Associated Press
Biden White House considering preemptive pardons for Trump’s perceived enemiesCerity Partners LLC boosted its stake in Adaptive Biotechnologies Co. ( NASDAQ:ADPT – Free Report ) by 58.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 694,417 shares of the company’s stock after acquiring an additional 256,933 shares during the period. Cerity Partners LLC’s holdings in Adaptive Biotechnologies were worth $3,555,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADPT. Rubric Capital Management LP boosted its stake in shares of Adaptive Biotechnologies by 33.3% in the 2nd quarter. Rubric Capital Management LP now owns 14,000,000 shares of the company’s stock valued at $50,680,000 after purchasing an additional 3,500,000 shares during the last quarter. Vanguard Group Inc. boosted its position in Adaptive Biotechnologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 12,869,818 shares of the company’s stock valued at $41,312,000 after acquiring an additional 102,134 shares during the last quarter. ARK Investment Management LLC grew its holdings in Adaptive Biotechnologies by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 11,601,134 shares of the company’s stock worth $59,398,000 after acquiring an additional 189,134 shares during the period. Millennium Management LLC raised its position in shares of Adaptive Biotechnologies by 1,008.3% in the 2nd quarter. Millennium Management LLC now owns 9,262,341 shares of the company’s stock worth $33,530,000 after acquiring an additional 8,426,580 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Adaptive Biotechnologies by 12.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,733,884 shares of the company’s stock worth $39,597,000 after acquiring an additional 834,253 shares in the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock. Adaptive Biotechnologies Stock Performance Shares of NASDAQ:ADPT opened at $5.94 on Friday. Adaptive Biotechnologies Co. has a 52-week low of $2.28 and a 52-week high of $6.70. The business’s 50 day simple moving average is $5.07 and its two-hundred day simple moving average is $4.38. The firm has a market cap of $876.63 million, a P/E ratio of -4.43 and a beta of 1.45. Analysts Set New Price Targets Get Our Latest Report on Adaptive Biotechnologies Adaptive Biotechnologies Profile ( Free Report ) Adaptive Biotechnologies Corporation, a commercial-stage company, develops an immune medicine platform for the diagnosis and treatment of various diseases. The company offers immunosequencing platform which combines a suite of proprietary chemistry, computational biology, and machine learning to generate clinical immunomics data to decode the adaptive immune system. Featured Articles Want to see what other hedge funds are holding ADPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adaptive Biotechnologies Co. ( NASDAQ:ADPT – Free Report ). Receive News & Ratings for Adaptive Biotechnologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adaptive Biotechnologies and related companies with MarketBeat.com's FREE daily email newsletter .Cerity Partners LLC Reduces Stock Position in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)INDIANAPOLIS (AP) — There’s more than just school pride and bragging rights to all that bellyaching over who might be in and who might be out of ‘s first 12-team playoff. Try the more than $115 million that will be spread across the conferences at the end of the season, all depending on who gets in and which teams go the farthest. According to the , the 12 teams simply making the bracket earn their conferences $4 million each. Another $4 million goes to conferences whose teams get into the quarterfinals. Then, there’s $6 million more for teams that make the semifinals and another $6 million for those who play for the title. Most of this bonanza comes courtesy of ESPN, which is forking over $1.3 billion a year to televise the new postseason. A lot of that money is already earmarked — more goes to the Big Ten and Southeastern Conference than the Big 12 or Atlantic Coast — but a lot is up for grabs in the 11 games that will play out between the opening round on Dec. 20 and the final on Jan. 20. In all, the teams that make the title game will bring $20 million to their conferences, all of which distribute that money, along with billions in TV revenue and other sources, in different ways. In fiscal 2022-23, the Big Ten, for instance, reported revenue of nearly $880 million and distributed about $60.5 million to most of its members. The massive stakes might help explain the coming from some corners of the football world, as the tension grows in advance of Sunday’s final rankings, which will set the bracket. Earlier this week, Big 12 commissioner which doesn’t have a single team higher than 15 in the rankings. That does two things: It positions the Big 12 as a one-bid league, and also threatens to makes its champion — either Arizona State or Iowa State — the fifth-best among conference titlists that get automatic bids. Only the top four of those get byes, which could cost the Big 12 a spot in the quarterfinals — or $4 million. “The committee continues to show time and time again that they are paying attention to logos versus resumes,” Yormark said this week, while slamming the idea of teams with two losses in his conference being ranked worse than teams with three in the SEC. The ACC is also staring at a one-bid season with only No. 8 SMU inside the cut line of this week’s projected bracket. Miami’s loss last week of the playoffs, a snub that ACC commissioner Jim Phillips said left him “incredibly shocked and disappointed.” “As we look ahead to the final rankings, we hope the committee will reconsider and put a deserving Miami in the field,” Phillips said in a statement. The lobbying and bickering filters down to the campuses that feel the impact. And, of course, to social media. One of the most entertaining episodes came earlier this week when went back and forth about whose team was more deserving. There are a few stray millions that the selection committee cannot really influence, including a $3 million payment to conferences that make the playoff. In a reminder that all these kids are going to school, after all, the conferences get $300,000 per football team that meets academic requirements to participate in the postseason. (That’s basically everyone). ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college football: and Eddie Pells, The Associated Press
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The Detroit Lions will square off against the San Francisco 49ers at Levi's Stadium on Monday Night Football in Week 17. Detroit is 13-2 on the year and will be looking to notch their 14th victory of the season over San Francisco in a rematch of the 2023 NFC Championship Game. Though every game in the NFL holds some type of value, Monday's showdown versus the 49ers holds little meaning for the Lions. With the Minnesota Vikings' victory over the Green Bay Packers , Detroit will not be able to clinch the NFC North and the No.1 seed in the NFC versus the 49ers. The Lions will host the Vikings in Week 18 at Ford Field, and the winner of that game will take home the division crown and the top seed in the conference, which includes a first-round bye and home-field advantage throughout the postseason. The loser of next week's contest versus Detroit and Minnesota will be the No.5 seed in the NFC and will play a road playoff game in Round 1 of the playoffs. With Monday Night's game being insignificant for the Lions and their chase for the division and No.1 seed, many fans have been calling for the team to rest their starters in Week 17. The Lions game tomorrow is irrelevant now They should rest their starters There is no reason to play the starters tomorrow if you are the Lions. Rest up and get ready for next week. Lions should rest ALL their starters for tomorrow's game. Rest starters tomorrow night? Lions need to rest their starters tomorrow. Though many fans want Detroit to rest their starters on Monday Night, head coach Dan Campbell spoke to the media about the possibility during a press conference on Monday, Dec.23, and Campbell made his stance on the issue clear. "I'll make this easy for everybody that way all the critics can jump out and start attacking, but that way you don't have to debate them anymore," Campbell said. "We're bringing everything we got to this game and we are playing, I don't care what it looks like and where it's at and who's this, who's that. We're going out to play and win this game, out on the West Coast. So there you go." Going off what Campbell said earlier in the week, it seems the Lions will play their starters versus the 49ers and try to secure a win in San Francisco. MORE DETROIT LIONS NEWS NFC North standings: Where Lions sit after Vikings win vs. Packers Detroit Lions coach Dan Campbell does workouts in a very strange place'Development won, Parivarwad, negative politics lost': PM Modi on landslide victory in Maharashtra (WATCH)
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