MVB Financial Sells Victor Technologies to Jack Henry & Associates, Gains $33 Million Pre-Tax and Maintains Strategic Partnership

Reuters

Oct 01

MVB Financial Sells Victor Technologies to Jack Henry & Associates, Gains $33 Million Pre-Tax and Maintains Strategic Partnership

MVB Financial Corp. announced it has signed and closed a definitive agreement to sell substantially all assets and operations of Victor Technologies, Inc. to Jack Henry & Associates, effective September 30, 2025. The transaction is expected to generate a pre-tax gain of approximately $33 million for MVB and is anticipated to be accretive to earnings per share by improving cost structure and lowering overhead. MVB will maintain an ongoing strategic partnership with Victor and Jack Henry, continuing to provide embedded payment solutions to customers and participating in Victor's future growth. Victor, launched in 2021 and incubated within MVB, processes billions in payments monthly.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MVB Financial Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251001323705) on October 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The transaction is expected to generate a pre-tax gain of approximately $33 million for MVB and is anticipated to be accretive to earnings per share by improving cost structure and lowering overhead. MVB will maintain an ongoing strategic partnership with Victor and Jack Henry, continuing to provide embedded payment solutions to customers and participating in Victor's future growth. Victor, launched in 2021 and incubated within MVB, processes billions in payments monthly.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MVB Financial Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251001323705) on October 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BN0W2V16.EUR","symbol_name":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (EUR) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251001:nNDL9PxFBX:1","article_id":"2572270539","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2572270539","pubTimestamp":1759321846,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"MVB Financial Sells Victor Technologies to Jack Henry & Associates, Gains $33 Million Pre-Tax and Maintains Strategic Partnership. MVB Financial Corp. announced it has signed and closed a definitive agreement to sell substantially all assets and operations of Victor Technologies, Inc. to Jack Henry & Associates, effective September 30, 2025. The transaction is expected to generate a pre-tax gain of approximately $33 million for MVB and is anticipated to be accretive to earnings per share by improving cost structure and lowering overhead. MVB will maintain an ongoing strategic partnership with Victor and Jack Henry, continuing to provide embedded payment solutions to customers and participating in Victor's future growth. Victor, launched in 2021 and incubated within MVB, processes billions in payments monthly.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-gen","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BN0W2V16.EUR":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (EUR) ACC","BK4227":"交易和支付处理服务","BK4106":"数据处理与外包服务","IE00BN0W2T93.GBP":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (GBP) ACC","BK4211":"区域性银行","JKHY":"杰克亨利","BK4588":"碎股","IE00BN0W2W23.USD":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (USD) ACC","BK4585":"ETF&股票定投概念","MVBF":"MVB Financial Corp."},"translate_title":"MVB Financial将Victor Technologies出售给Jack Henry&Associates，税前收益3300万美元并维持战略合作伙伴关系","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JKHY":0.9,"MVBF":0.9},"content_text":"MVB Financial Sells Victor Technologies to Jack Henry & Associates, Gains $33 Million Pre-Tax and Maintains Strategic Partnership\n    \n\nMVB Financial Corp. announced it has signed and closed a definitive agreement to sell substantially all assets and operations of Victor Technologies, Inc. to Jack Henry & Associates, effective September 30, 2025. 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