FVCBankcorp, Inc. operates as the holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, checking and savings accounts, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction loans; commercial loans for various business purposes, such as for working capital, equipment purchases, lines of credit, and government contract financing; SBA loans; asset based loans and accounts receivable financing; home equity loans; and consumer loans. In addition, it offers business and consumer credit cards; merchant services; business insurance products; and online banking, remote deposit, and mobile banking services. The company serves the banking needs of commercial businesses, nonprofit organizations, professional service entities, and their respective owners and employees located in the greater Washington, D.C. and Baltimore metropolitan areas. FVCBankcorp, Inc. operates through a main office in Fairfax, Virginia. It also operates a network of 11 additional branch offices in Arlington, Virginia; Ashburn, Loudoun County, Virginia; the independent city of Manassas, Virginia; Reston, Fairfax County, Virginia; Springfield, Fairfax County, Virginia; and Montgomery County and Baltimore, Maryland, a loan production office in Lutherville, Maryland. FVCBankcorp, Inc. was founded in 2007 and is headquartered in Fairfax, Virginia.
IPO Year:
Exchange: NASDAQ
Website: fvcbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2022 | $22.00 | Overweight | Piper Sandler |
| 7/7/2022 | $25.00 → $22.00 | Strong Buy → Outperform | Raymond James |
| 6/2/2022 | Buy → Neutral | Janney | |
| 2/1/2022 | $23.50 | Overweight | Piper Sandler |
| 1/24/2022 | $23.00 → $25.00 | Outperform → Strong Buy | Raymond James |
| 11/12/2021 | $21.00 → $23.00 | Outperform | Raymond James |
| 8/2/2021 | $19.00 → $21.00 | Outperform | Raymond James |
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
SC 13G/A - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G/A - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G/A - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G/A - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G/A - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G - FVCBankcorp, Inc. (0001675644) (Subject)
Continued Growth in Profitability, Net Interest Income and Margin FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the fourth quarter and full year of 2024. Fourth Quarter Selected Financial Highlights Net Income Increased 5% Compared to the Prior Quarter. Net income totaled $4.9 million, or $0.26 diluted earnings per share, for the quarter ended December 31, 2024, compared to net income of $4.7 million, or $0.25 diluted earnings per share, for the quarter ended September 30, 2024. Return on average assets for the quarter ended December 31, 2024 was 0.90%, an increase from 0.85% for the quarter ended September 30, 2024. Net Interest Margin I
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the third quarter of 2024. Third Quarter Selected Financial Highlights Enhanced Profitability. Return on average assets for the quarter ended September 30, 2024 was 0.85%, an increase of 21%, from 0.70% for the quarter ended September 30, 2023, and increased 10%, from 0.77%, for the linked quarter ended June 30, 2024. Increased Net Income. Net income increased compared to the year ago quarter and prior quarter. Net income totaled $4.7 million, or $0.25 diluted earnings per share, for the quarter ended September 30, 2024, compared to net income of $4.0 million, or $0.22 diluted earnings per share, f
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the second quarter of 2024. Second Quarter Selected Financial Highlights Increase in Net Income. For the three months ended June 30, 2024, the Company recorded net income of $4.2 million, or $0.23 diluted earnings per share. Compared to the linked quarter, net income increased $2.8 million, from $1.3 million for the three months ended March 31, 2024. Increase in Net Interest Income and Margin. Net interest margin increased 12 basis points, or 5%, to 2.59% for the second quarter of 2024, compared to 2.47% for the first quarter of 2024. Net interest income increased $877 thousand to $13.7 million,
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the first quarter of 2024. First Quarter Selected Financial Highlights Increase in Net Interest Income and Margin. Net interest margin increased 10 basis points, or 4%, to 2.47% for the first quarter of 2024, compared to 2.37% for the fourth quarter of 2023. Net interest income increased $133 thousand to $12.8 million, or 1%, compared to $12.7 million for the fourth quarter of 2023. Interest income increased $176 thousand quarter-over-quarter while interest expense only increased $43 thousand for the same period. Strong Credit Quality. Nonperforming loans totaled $3.0 million at March 31, 2024,
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") announced today that its Board of Directors has extended its share repurchase program that was initiated in 2020. Under the repurchase program, the Company may repurchase up to 1,300,000 shares of its common stock, or approximately 7% of its outstanding shares of common stock at December 31, 2023. The repurchase program will expire on March 31, 2025, subject to earlier termination of the program by the Board of Directors. During 2023, the Company repurchased 115,750 shares of its common stock during open trading window periods. Repurchases may be made in open market purchases, block trades or in privately negotiated transactions. Repurchas
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the fourth quarter and full year of 2023. Fourth Quarter Selected Financial Highlights Strong Credit Quality. Nonperforming loans totaled $1.8 million at December 31, 2023, or 0.08% of total assets, a decrease of $2.7 million, or 59%, from the prior year ended December 31, 2022. Net charge-offs of $49 thousand were recorded during the fourth quarter of 2023, or 0.01% of average total loans. Prudent Balance Sheet Repositioning. During the fourth quarter of 2023, the Company sold a portion of its investment portfolio totaling $61.4 million of book value available-for-sale securities with a weighte
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the third quarter of 2023. Third Quarter Selected Financial Highlights Stellar Credit Quality. Nonperforming loans totaled $1.5 million at September 30, 2023, or 0.07% of total assets, and were comprised solely of residential mortgage loans. Net recoveries of $7 thousand were recorded during the third quarter of 2023. Loans on the Company's watchlist decreased to $3.0 million during the quarter ended September 30, 2023, a decrease of 70% from the prior quarter end and 79% from December 31, 2022. Continued Core Deposit Growth and Reduced Reliance on Wholesale Funds. Wholesale funds at September 3
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the second quarter of 2023. Second Quarter Selected Financial Highlights Strong Well Capitalized Balance Sheet. All of the Bank's regulatory capital components and ratios are well in excess of thresholds required to be considered "well capitalized" with total risk based capital to risk-weighted assets of 13.28% at June 30, 2023. Tangible Common Equity ("TCE") to Total Assets ("TA") ratio for FVCbank (the "Bank") increased to 9.22% at June 30, 2023, from 8.92% at March 31, 2023. The Bank's investment securities are classified as available-for-sale, and therefore, the decrease in market value of thes
FVCbank, a leading commercial bank in the Washington DC metropolitan area, is proud to announce its recognition as one of the top performing banks in the United States. In the latest ranking released by the American Bankers Association, FVCbank was included in the list of the top 200 performing banks nationwide for banks with assets between $2B and $10B. The ranking is attributable to FVCbank's commitment to excellence and its unwavering dedication to serving its customers and communities. With a focus on providing effective banking solutions and exceptional customer service, FVCbank has continuously demonstrated its ability to thrive in a competitive market. "We are honored to be recog
Fairfax-based FVCbank has been honored by Keefe, Bruyette & Woods, Inc. (KBW) by being included in KBW's coveted 2023 Bank Honor Roll. KBW is a leading specialist investment bank in the financial and fintech sectors. One of 14 U.S. banks to make this year's KBW Bank Honor Roll, FVCbank is the only Washington, DC- or Baltimore-area bank to receive the 2023 distinction. For nearly 40 years, KBW has highlighted the top tier of well-managed banks. To make the exclusive annual list, banking institutions must demonstrate a consistently strong track record of earnings growth over the past decade. This year, 14 companies, just 4% of all banks screened, qualified for inclusion on the 2023 KBW Bank
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today announced the appointment of Marc N. Duber to the Company's board of directors on September 30, 2022, effective immediately. He has also been appointed as a director of the Company's wholly-owned subsidiary, FVCbank. Mr. Duber possesses a wealth of knowledge, with over four decades of experience in the real estate development industry, providing the ability to support the Company's vision and lend valuable contribution to the Board. He is the executive vice president and chief operating officer of The Bernstein Companies, one of the oldest commercial real estate firms in Washington, D.C., where he began his career in 1980. Mr. Duber foc
SCHEDULE 13G - FVCBankcorp, Inc. (0001675644) (Subject)
8-K - FVCBankcorp, Inc. (0001675644) (Filer)
144 - FVCBankcorp, Inc. (0001675644) (Subject)
SCHEDULE 13G - FVCBankcorp, Inc. (0001675644) (Subject)
10-Q - FVCBankcorp, Inc. (0001675644) (Filer)
SCHEDULE 13G/A - FVCBankcorp, Inc. (0001675644) (Subject)
8-K - FVCBankcorp, Inc. (0001675644) (Filer)
8-K - FVCBankcorp, Inc. (0001675644) (Filer)
8-K - FVCBankcorp, Inc. (0001675644) (Filer)
8-K - FVCBankcorp, Inc. (0001675644) (Filer)
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the fourth quarter and full year of 2023. Fourth Quarter Selected Financial Highlights Strong Credit Quality. Nonperforming loans totaled $1.8 million at December 31, 2023, or 0.08% of total assets, a decrease of $2.7 million, or 59%, from the prior year ended December 31, 2022. Net charge-offs of $49 thousand were recorded during the fourth quarter of 2023, or 0.01% of average total loans. Prudent Balance Sheet Repositioning. During the fourth quarter of 2023, the Company sold a portion of its investment portfolio totaling $61.4 million of book value available-for-sale securities with a weighte
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the third quarter of 2023. Third Quarter Selected Financial Highlights Stellar Credit Quality. Nonperforming loans totaled $1.5 million at September 30, 2023, or 0.07% of total assets, and were comprised solely of residential mortgage loans. Net recoveries of $7 thousand were recorded during the third quarter of 2023. Loans on the Company's watchlist decreased to $3.0 million during the quarter ended September 30, 2023, a decrease of 70% from the prior quarter end and 79% from December 31, 2022. Continued Core Deposit Growth and Reduced Reliance on Wholesale Funds. Wholesale funds at September 3
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the second quarter of 2023. Second Quarter Selected Financial Highlights Strong Well Capitalized Balance Sheet. All of the Bank's regulatory capital components and ratios are well in excess of thresholds required to be considered "well capitalized" with total risk based capital to risk-weighted assets of 13.28% at June 30, 2023. Tangible Common Equity ("TCE") to Total Assets ("TA") ratio for FVCbank (the "Bank") increased to 9.22% at June 30, 2023, from 8.92% at March 31, 2023. The Bank's investment securities are classified as available-for-sale, and therefore, the decrease in market value of thes
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the first quarter of 2023. First Quarter Selected Highlights Fortified and Well Capitalized Balance Sheet. FVCBank (the "Bank") has a resilient balance sheet with Tangible Common Equity ("TCE") to Total Assets ("TA") ratio of 8.92% at March 31, 2023. The Company's investment securities are classified as available-for-sale, and therefore, the decrease in market value of these securities is fully reflected in the TCE/TA ratio. All of the Company's regulatory capital components and ratios are well in excess of thresholds required to be considered "well capitalized" with total risk based capital to ris
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported record annual 2022 net income of $25.0 million, or $1.35 diluted earnings per share, compared to $21.9 million, or $1.20 diluted earnings per share, for 2021, a year-over-year increase of $3.1 million, or 14%. Net income for the year ended December 31, 2022 includes the Company's portion of losses from its membership interest in Atlantic Coast Mortgage, LLC ("ACM"), which was $659 thousand, compared to income of $1.5 million for the year ended December 31, 2021. On December 15, 2022, the Company announced that the Board of Directors approved a five-for-four split of the Company's common stock in the form of a 25% stock dividend
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") announced today that its Board of Directors approved a five-for-four split of the Company's common stock in the form of a 25 percent stock dividend for shareholders of record on January 9, 2023, payable on January 31, 2023. "We are delighted to show our appreciation to our shareholders through this stock dividend," stated David W. Pijor, Chairman and CEO of the Company. "The Board's decision to split the stock demonstrates confidence that we will continue to deliver solid results and generate significant value for our shareholders." Each shareholder of record, as of 5 p.m. Eastern Time on January 9, 2023, shall receive an additional one-quar
FVCbank (the "Bank") has acquired a membership interest in Atlantic Coast Mortgage, LLC ("ACM"). As a result of such investment, the Bank has obtained a 28.7% ownership interest in ACM. The transaction is effective today, August 31, 2021. The Bank provides a warehouse lending facility to ACM, including a construction-to-permanent financing line, and has developed portfolio mortgage products to diversify its current held for investment loan portfolio. ACM is a licensed mortgage lender headquartered in Fairfax, Virginia primarily engaged in the origination of 1-4 family residential mortgage loans and construction loans. ACM was founded in 2011 and is led by a team of seasoned mortgage profe
Piper Sandler resumed coverage of FVCBankcorp with a rating of Overweight and set a new price target of $22.00
Raymond James downgraded FVCBankcorp from Strong Buy to Outperform and set a new price target of $22.00 from $25.00 previously
Janney downgraded FVCBankcorp from Buy to Neutral
Piper Sandler resumed coverage of FVCBankcorp with a rating of Overweight and set a new price target of $23.50
Raymond James upgraded FVCBankcorp from Outperform to Strong Buy and set a new price target of $25.00 from $23.00 previously
Raymond James reiterated coverage of FVCBankcorp with a rating of Outperform and set a new price target of $23.00 from $21.00 previously
Raymond James reiterated coverage of FVCBankcorp with a rating of Outperform and set a new price target of $21.00 from $19.00 previously
Piper Sandler upgraded FVCBankcorp from Neutral to Overweight and set a new price target of $19.00 from $15.00 previously
Raymond James upgraded FVCBankcorp from Mkt Perform to Outperform and set a new price target of $19.00
Raymond James upgraded FVCBankcorp from Market Perform to Outperform