FVCBankcorp, Inc. (FVCB) 10-Year Financial Performance & Capital Metrics

FVCB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutFVCBankcorp, 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; small business administration 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. It operates a network of 9 additional branch offices in Arlington, Virginia; the independent city of Manassas, Virginia; Reston, Fairfax County, Virginia; Springfield, Fairfax County in Virginia; Montgomery County and Baltimore in Maryland, and Washington, D.C. FVCBankcorp, Inc. was founded in 2007 and is headquartered in Fairfax, Virginia.Show more

Net Interest Income $55M +2.3%
Total Revenue $112M +21.5%
Net Income $15M +294.1%
Return on Equity 6.66% +265.4%
Net Interest Margin 2.5% +1.9%
Efficiency Ratio 28.28% -26.4%
ROA 0.69% +307.1%
Equity / Assets 10.7% +8.0%
Book Value per Share 12.79 +7.4%
Tangible BV/Share 12.39 +7.8%
Debt/Equity 0.32 -38.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 28.3% efficiency ratio
✓Well capitalized: 10.7% equity/assets
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y16.79%

5Y10.29%

3Y16.67%

TTM-

Profit (Net Income) CAGR

10Y13.81%

5Y-0.98%

3Y-11.77%

TTM318.35%

EPS CAGR

10Y9.87%

5Y-0.95%

3Y-11.92%

TTM328.26%

ROCE

10Y Avg9.87%

5Y Avg8.7%

3Y Avg7.8%

Latest8.54%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	22.75M	27.03M	31.88M	39.52M	47.74M	52.28M	57.62M	64.84M	53.75M	54.98M
NII Growth %	0.19%	0.19%	0.18%	0.24%	0.21%	0.1%	0.1%	0.13%	-0.17%	0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	26.41M	32.42M	40.08M	51.63M	66.41M	66.76M	68.1M	80.27M	105.97M	112.7M
Interest Expense	3.66M	5.39M	8.2M	12.11M	18.67M	14.48M	10.48M	15.44M	52.22M	57.72M
Loan Loss Provision	1.07M	1.47M	1.2M	1.92M	1.72M	5.02M	-500K	2.63M	132K	6K
Non-Interest Income+	1.02M	841.02K	2.67M	1.28M	1.95M	2.15M	2.15M	2.72M	-14.11M	-1.12M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	27.43M	33.26M	42.75M	52.91M	68.36M	68.91M	70.25M	82.99M	91.86M	111.58M
Revenue Growth %	0.16%	0.21%	0.29%	0.24%	0.29%	0.01%	0.02%	0.18%	0.11%	0.21%
Non-Interest Expense	14.41M	15.9M	18.82M	25.78M	27.96M	29.75M	32.06M	33.94M	35.28M	31.55M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	8.28M	10.5M	14.54M	13.11M	20.01M	19.66M	28.21M	30.99M	4.23M	22.3M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.31%	0.27%	0.38%	-0.1%	0.53%	-0.02%	0.44%	0.1%	-0.86%	4.27%
Pretax Income+	8.28M	10.5M	14.54M	13.11M	20.01M	19.66M	28.21M	30.99M	4.23M	22.3M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.86M	3.57M	6.85M	2.24M	4.18M	4.16M	6.28M	6M	410K	7.23M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.42M	6.93M	7.69M	10.87M	15.83M	15.5M	21.93M	24.98M	3.82M	15.06M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.31%	0.28%	0.11%	0.41%	0.46%	-0.02%	0.41%	0.14%	-0.85%	2.94%
Net Income (Continuing)	5.42M	6.93M	7.69M	10.87M	15.83M	15.5M	21.93M	24.98M	3.82M	15.06M
EPS (Diluted)+	0.41	0.50	0.54	0.68	0.86	0.88	1.20	1.35	0.21	0.82
EPS Growth %	0.28%	0.22%	0.08%	0.26%	0.26%	0.02%	0.36%	0.13%	-0.84%	2.9%
EPS (Basic)	0.43	0.54	0.59	0.74	0.92	0.92	1.29	1.43	0.22	0.83
Diluted Shares Outstanding	13.24M	13.65M	14.43M	16.03M	18.53M	17.67M	18.23M	18.48M	18.23M	18.4M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	28.7M	8.68M	22.57M	43.49M	33.14M	141.06M	240.96M	81.55M	60.52M	90.95M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	685.11M	875.64M	998.66M	1.25B	1.41B	1.58B	1.85B	2.1B	1.98B	2.01B
Investments Growth %	0.21%	0.28%	0.14%	0.25%	0.13%	0.12%	0.17%	0.14%	-0.06%	0.01%
Long-Term Investments	619.57M	763.41M	882.71M	1.13B	1.27B	1.45B	1.49B	1.82B	1.81B	1.85B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	400	6.51M	7.16M	7.16M	7.16M	7.16M	7.16M	7.16M
Intangible Assets	139.4K	119K	98.6K	1.93M	1.53M	1.2M	895K	633K	428K	263K
PP&E (Net)	1.51M	1.27M	1.24M	2.27M	15.36M	12.78M	11.75M	10.9M	9.39M	7.98M
Other Assets	15.1M	16.13M	23.84M	30.95M	54.7M	63.43M	76.17M	110.11M	102.86M	56.75M
Total Current Assets	96.8M	124.01M	142.18M	171.97M	179.11M	276.97M	608.04M	372.33M	245.94M	261.15M
Total Non-Current Assets	640M	785.29M	911.04M	1.18B	1.36B	1.54B	1.59B	1.97B	1.94B	1.94B
Total Assets+	736.81M	909.31M	1.05B	1.35B	1.54B	1.82B	2.2B	2.34B	2.19B	2.2B
Asset Growth %	0.22%	0.23%	0.16%	0.28%	0.14%	0.18%	0.21%	0.06%	-0.07%	0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%
Accounts Payable	132.74K	170.37K	417K	811K	605K	685K	1.03M	1.27M	2.42M	2.5M
Total Debt+	71.3M	51.25M	24.33M	24.41M	63.17M	81.21M	55.62M	294.96M	113.86M	76.33M
Net Debt	42.6M	42.56M	1.76M	-19.09M	30.03M	-59.85M	-185.34M	213.41M	53.34M	-14.62M
Long-Term Debt	35.65M	24.25M	24.33M	24.41M	24.49M	44.09M	19.51M	19.57M	19.62M	18.7M
Short-Term Debt	35.65M	27M	0	0	25M	25M	25M	265M	85M	50M
Other Liabilities	-35.65M	0	0	0	0	0	0	0	602K	14.15M
Total Current Liabilities	664.06M	805.25M	930.61M	1.17B	1.32B	1.58B	1.96B	2.11B	1.94B	1.92B
Total Non-Current Liabilities	0	24.25M	24.33M	24.41M	38.17M	56.21M	30.62M	29.96M	29.46M	40.49M
Total Liabilities	664.06M	829.49M	954.94M	1.19B	1.36B	1.63B	1.99B	2.14B	1.97B	1.96B
Total Equity+	72.75M	79.81M	98.28M	158.34M	179.08M	189.5M	209.8M	202.38M	217.12M	235.35M
Equity Growth %	0.09%	0.1%	0.23%	0.61%	0.13%	0.06%	0.11%	-0.04%	0.07%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.09%	0.09%	0.08%	0.09%	0.08%	0.11%	0.12%	0.02%	0.07%
Book Value per Share	5.50	5.85	6.81	9.88	9.66	10.73	11.51	10.95	11.91	12.79
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	64.9K	81.43K	109K	137K	139K	135K	137K	175K	178K	182K
Additional Paid-in Capital	62.34M	63.14M	74.01M	123.88M	125.78M	119.57M	121.8M	123.89M	125.21M	127.47M
Retained Earnings	10.96M	17.88M	25.86M	36.73M	52.47M	67.97M	89.9M	114.89M	115.89M	130.97M
Accumulated OCI	-613.93K	-1.3M	-1.69M	-2.41M	690K	1.83M	-2.04M	-36.57M	-24.16M	-23.27M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.34M	9.42M	10.49M	13.34M	19.43M	14.87M	19.45M	22.39M	16.27M	18.23M
Operating CF Growth %	0.32%	0.28%	0.11%	0.27%	0.46%	-0.23%	0.31%	0.15%	-0.27%	0.12%
Net Income	5.42M	6.93M	7.69M	10.87M	15.83M	15.5M	21.93M	24.98M	3.82M	15.06M
Depreciation & Amortization	583.98K	543.79K	556K	615K	1.03M	960K	860K	686K	595K	445K
Deferred Taxes	-365.88K	-313.36K	1.33M	-866K	185K	-1.16M	1.01M	521K	1.06M	1.16M
Other Non-Cash Items	1.05M	1.95M	422K	3.03M	1.93M	2.73M	-8.45M	-446K	14.01M	-1.85M
Working Capital Changes	-50.52K	-392.55K	-129K	-1.01M	-218K	-3.86M	3.08M	-4.54M	-4.36M	2.63M
Cash from Investing+	-132.76M	-174.52M	-143.67M	-114.26M	-163.63M	-268.3M	-344.34M	-225.83M	149.23M	-8.92M
Purchase of Investments	-34.12M	-68.73M	-22.14M	-37.04M	-36.62M	-34.8M	-245.73M	-47.16M	0	-1.88M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	5.17M	0	0	-22.2M	0	0	0
Other Investing	-126.88M	-126.67M	-138.87M	-121.84M	-150.75M	-284.88M	-123.93M	-215.58M	41.72M	-22.36M
Cash from Financing+	125.59M	165.02M	135.43M	102.93M	149.68M	259.36M	328.67M	186.08M	-164.71M	-9.19M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-3.35K	-5.25K	-4K	0	0	-7.28M	0	-730K	-1.46M	0
Stock Issued	26.32K	119.65K	10.26M	34.62M	1.22M	375K	1.22M	1.67M	1.74M	1.66M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	122.42M	149.35M	152.17M	95.89M	133.46M	236.75M	351.26M	-23.61M	-14.99M	25.13M
Net Change in Cash+	176.43K	-82.67K	2.25M	2.01M	5.48M	5.92M	3.78M	-17.36M	789K	119K
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	5.08M	5.26M	5.17M	7.43M	9.44M	14.92M	20.84M	24.61M	7.25M	8.04M
Cash at End	5.26M	5.17M	7.43M	9.44M	14.92M	20.84M	24.61M	7.25M	8.04M	8.16M
Interest Paid	3.64M	5.35M	7.95M	0	0	0	0	15.14M	51.02M	57.57M
Income Taxes Paid	2.63M	3.04M	5.93M	0	0	0	0	6.07M	2.36M	5.58M
Free Cash Flow+	7.01M	9.14M	9.99M	12.6M	19.12M	14.51M	18.96M	22.23M	16.06M	18.09M
FCF Growth %	0.33%	0.3%	0.09%	0.26%	0.52%	-0.24%	0.31%	0.17%	-0.28%	0.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.77%	9.09%	8.64%	8.47%	9.38%	8.41%	10.99%	12.12%	1.82%	6.66%
Return on Assets (ROA)	0.81%	0.84%	0.78%	0.9%	1.1%	0.92%	1.09%	1.1%	0.17%	0.69%
Net Interest Margin	3.09%	2.97%	3.03%	2.92%	3.11%	2.87%	2.62%	2.77%	2.45%	2.5%
Efficiency Ratio	52.55%	47.8%	44.02%	48.71%	40.9%	43.18%	45.64%	40.89%	38.4%	28.28%
Equity / Assets	9.87%	8.78%	9.33%	11.71%	11.65%	10.4%	9.52%	8.63%	9.91%	10.7%
Book Value / Share	5.5	5.85	6.81	9.88	9.66	10.73	11.51	10.95	11.91	12.79
NII Growth	19.45%	18.83%	17.96%	23.96%	20.8%	9.5%	10.22%	12.53%	-17.1%	2.28%

Revenue by Segment

	2022	2023	2024
Service Charges On Deposit Accounts	954K	1.03M	1.13M
Service Charges On Deposit Accounts Growth	-	7.76%	9.53%
Fees Exchange And Other Service Charges	374K	350K	367K
Fees Exchange And Other Service Charges Growth	-	-6.42%	4.86%

Frequently Asked Questions

Valuation & Price

FVCBankcorp, Inc. (FVCB) has a price-to-earnings (P/E) ratio of 17.5x. This is roughly in line with market averages.

Growth & Financials

FVCBankcorp, Inc. (FVCB) grew revenue by 21.5% over the past year. This is strong growth.

Yes, FVCBankcorp, Inc. (FVCB) is profitable, generating $21.3M in net income for fiscal year 2024 (13.5% net margin).

Dividend & Returns

FVCBankcorp, Inc. (FVCB) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

Industry Metrics

FVCBankcorp, Inc. (FVCB) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

FVCBankcorp, Inc. (FVCB) has an efficiency ratio of 28.3%. This is excellent, indicating strong cost control.

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