FVCB achieved a 16.6% year-over-year increase in net interest income to $17.4 million in 2026Q1, though the net interest margin remains constrained at 0.7%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Net Interest Income | 66.12M | 63.77M | 54.98M | 53.75M | 64.84M | 57.62M | 52.28M | 47.74M | 39.52M | 31.88M | 27.03M | 22.75M | 19.04M | 15.44M | 12.51M |
| NII Growth % | 61.68% | 15.99% | 2.28% | -17.1% | 12.53% | 10.22% | 9.5% | 20.8% | 23.96% | 17.96% | 18.83% | 19.45% | 23.37% | 23.41% | - |
| Net Interest Margin % | 2.83% | 2.78% | 2.5% | 2.45% | 2.77% | 2.62% | 2.87% | 3.11% | 2.92% | 3.03% | 2.97% | 3.09% | 3.15% | 3.05% | 2.96% |
| Interest Income | 119.66M | 118.4M | 112.7M | 105.97M | 80.27M | 68.1M | 66.76M | 66.41M | 51.63M | 40.08M | 32.42M | 26.41M | 22.33M | 18.4M | 15.02M |
| Interest Expense | 53.54M | 54.63M | 57.72M | 52.22M | 15.44M | 10.48M | 14.48M | 18.67M | 12.11M | 8.2M | 5.39M | 3.66M | 3.29M | 2.96M | 2.51M |
| Loan Loss Provision | 1.56M | 1.59M | 6K | 132K | 2.63M | -500K | 5.02M | 1.72M | 1.92M | 1.2M | 1.47M | 1.07M | 885.68K | 803.37K | 1.23M |
| Non-Interest Income | 2.99M | 3.64M | -1.12M | -14.11M | 3.27M | 3.4M | 2.15M | 1.95M | 1.28M | 2.67M | 841.02K | 1.02M | 1.3M | 948.45K | 592.14K |
| Non-Interest Income % | 2.44% | 2.98% | -1% | -15.36% | 3.92% | 4.76% | 3.11% | 2.86% | 2.42% | 6.25% | 2.53% | 3.71% | 5.5% | 4.9% | 3.79% |
| Total Revenue | 122.65M | 122.03M | 111.58M | 91.86M | 83.55M | 71.5M | 68.91M | 68.36M | 52.91M | 42.75M | 33.26M | 27.43M | 23.63M | 19.34M | 15.61M |
| Revenue Growth % | 34.03% | 9.37% | 21.47% | 9.95% | 16.85% | 3.77% | 0.79% | 29.2% | 23.77% | 28.54% | 21.25% | 16.07% | 22.16% | 23.88% | - |
| Non-Interest Expense | 37.45M | 37.57M | 31.55M | 35.28M | 34.49M | 33.31M | 29.75M | 27.96M | 25.78M | 18.82M | 15.9M | 14.41M | 13.16M | 12.06M | 9.59M |
| Efficiency Ratio | 30.53% | 30.79% | 28.28% | 38.4% | 41.28% | 46.59% | 43.18% | 40.9% | 48.71% | 44.02% | 47.8% | 52.55% | 55.7% | 62.32% | 61.42% |
| Operating Income | 30.11M | 28.25M | 22.3M | 4.23M | 30.99M | 28.21M | 19.66M | 20.01M | 13.11M | 14.54M | 10.5M | 8.28M | 6.3M | 3.52M | 2.28M |
| Operating Margin % | 24.55% | 23.15% | 19.98% | 4.61% | 37.09% | 39.45% | 28.53% | 29.27% | 24.77% | 34% | 31.58% | 30.18% | 26.64% | 18.22% | 14.62% |
| Operating Income Growth % | - | 26.69% | 426.87% | -86.34% | 9.86% | 43.51% | -1.77% | 52.68% | -9.82% | 38.38% | 26.87% | 31.5% | 78.61% | 54.43% | - |
| Pretax Income | 30.11M | 28.25M | 22.3M | 4.23M | 30.99M | 28.21M | 19.66M | 20.01M | 13.11M | 14.54M | 10.5M | 8.28M | 6.3M | 3.52M | 2.28M |
| Pretax Margin % | 24.55% | 23.15% | 19.98% | 4.61% | 37.09% | 39.45% | 28.53% | 29.27% | 24.77% | 34% | 31.58% | 30.18% | 26.64% | 18.22% | 14.62% |
| Income Tax | 6.83M | 6.19M | 7.23M | 410K | 6M | 6.28M | 4.16M | 4.18M | 2.24M | 6.85M | 3.57M | 2.86M | 2.16M | 1.3M | 804.65K |
| Effective Tax Rate % | 22.67% | 21.91% | 32.44% | 9.69% | 19.38% | 22.25% | 21.14% | 20.91% | 17.07% | 47.1% | 34% | 34.54% | 34.35% | 36.8% | 35.25% |
| Net Income | 23.28M | 22.06M | 15.06M | 3.82M | 24.98M | 21.93M | 15.5M | 15.83M | 10.87M | 7.69M | 6.93M | 5.42M | 4.13M | 2.23M | 1.48M |
| Net Margin % | 18.98% | 18.07% | 13.5% | 4.16% | 29.9% | 30.67% | 22.5% | 23.15% | 20.54% | 17.99% | 20.85% | 19.76% | 17.49% | 11.52% | 9.46% |
| Net Income Growth % | 23.24% | 46.42% | 294.14% | -84.7% | 13.91% | 41.49% | -2.07% | 45.63% | 41.34% | 10.92% | 27.93% | 31.1% | 85.54% | 50.74% | - |
| Net Income (Continuing) | 23.28M | 22.06M | 15.06M | 3.82M | 24.98M | 21.93M | 15.5M | 15.83M | 10.87M | 7.69M | 6.93M | 5.42M | 4.13M | 2.23M | 1.48M |
| EPS (Diluted) | 1.29 | 1.21 | 0.82 | 0.21 | 1.35 | 1.20 | 0.88 | 0.85 | 0.68 | 0.53 | 0.51 | 0.41 | 0.32 | 0.20 | 0.12 |
| EPS Growth % | 24.27% | 47.56% | 290.48% | -84.44% | 12.5% | 36.36% | 3.53% | 25% | 28.3% | 3.92% | 24.39% | 28.13% | 60% | 66.67% | - |
| EPS (Basic) | - | 1.22 | 0.83 | 0.22 | 1.43 | 1.29 | 0.92 | 0.92 | 0.74 | 0.59 | 0.55 | 0.43 | 0.33 | 0.20 | 0.12 |
| Diluted Shares Outstanding | 18.11M | 18.26M | 18.4M | 18.23M | 18.48M | 18.23M | 17.67M | 18.53M | 16.03M | 14.43M | 13.65M | 13.24M | 12.85M | 11.25M | 12.63M |
CRE concentration and funding
According to the latest quarterly data, FVCB achieved a 16.6% year-over-year growth in net interest income, reaching $17.4 million in 2026Q1, which suggests that the bank is successfully navigating the current interest rate environment through effective asset repricing and disciplined management of its commercial loan portfolio.
The consistent upward trajectory in NII since 2024Q1 indicates that the bank's focus on government contracting clients provides a resilient revenue stream despite broader regional economic pressures. Investors should monitor whether this growth can be sustained if deposit betas continue to rise, as the current expansion appears heavily reliant on the bank's ability to maintain favorable spreads on its commercial and industrial lending.
As reported in recent financial statements, FVCB maintained an efficiency ratio of 32.2% in 2026Q1, reflecting a disciplined approach to managing overhead costs within the high-cost D.C. metropolitan labor market while simultaneously scaling its revenue base to support long-term profitability targets for the institution.
The bank's ability to keep its efficiency ratio near the 30% level suggests that management is successfully controlling non-interest expenses despite the competitive pressures inherent in the Beltway banking sector. However, the slight uptick from previous quarters warrants further investigation to determine if this represents a permanent shift in the cost structure or merely temporary investments in technology and regulatory compliance.
Based on the provided income statement data, FVCB recorded a provision expense of $168,000 in 2026Q1, a figure that appears to signal a conservative approach to credit risk management as the bank navigates potential volatility in its commercial real estate and government-contracting-focused loan portfolios.
The fluctuation in provision expenses, including the notable $909,000 charge in 2025Q4, suggests that management is actively adjusting its allowance for credit losses to account for evolving economic forecasts under the CECL framework. This volatility may indicate that the bank is closely monitoring the debt-service coverage ratios of its CRE borrowers, which remain a primary area of concern for regional lenders in the current high-rate environment.
Financial disclosures reveal that FVCB's net interest margin has remained stagnant at 0.7% over the last ten quarters, which may indicate that the bank's reliance on commercial deposits leaves it uniquely exposed to rising funding costs that could compress future profitability if interest rates remain elevated.
While the bank has successfully grown its top-line revenue, the lack of expansion in the net interest margin suggests that the cost of retaining sophisticated commercial depositors is effectively neutralizing the benefits of asset repricing. Investors should be wary of the potential for margin contraction if the bank is forced to compete more aggressively on deposit rates to maintain its liquidity position.
Quick answers to the most common questions about buying FVCB stock.
FVCBankcorp, Inc. (FVCB) is profitable, generating $22.1M in net income for the fiscal year ending 2025 with a net profit margin of 18.1%.
FVCBankcorp, Inc. (FVCB) reported an operating income of $28.2M, resulting in an operating profit margin of 23.1%. This margin reflects the operational efficiency of the business before interest and taxes.
FVCBankcorp, Inc. (FVCB) generated $65.8M in gross profit for the year, representing a gross profit margin of 53.9%. This demonstrates the company's core pricing power and production efficiency.