Articles from FVCBankcorp, Inc.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported its financial results for the fourth quarter and full year of 2024.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported its financial results for the third quarter of 2024.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported its financial results for the second quarter of 2024.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported its financial results for the first quarter of 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.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported its financial results for the fourth quarter and full year of 2023.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported its financial results for the third quarter of 2023.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported its financial results for the second quarter of 2023.

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.

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.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported its financial results for the first quarter of 2023.

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 8% of its outstanding shares of common stock at December 31, 2022, post stock split effective January 31, 2023. The repurchase program will expire on March 31, 2024, subject to earlier termination of the program by the Board of Directors.

FVCBankcorp, Inc. (NASDAQFVCB) (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 for shareholders of record on January 9, 2023, payable on January 31, 2023. Earnings per share and all other per share information reflected herein have been adjusted for the five-for-four split of the Company’s common stock for comparative purposes.

FVCBankcorp, Inc. (NASDAQFVCB) (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.

Today, FVCbank announced the addition of Bruce Gemmill to its team of banking leaders. Gemmill's extensive executive and marketing experience position him well for his new role at FVCbank as Senior Vice President / Chief Marketing Officer. Gemmill has over 30 years of marketing, advertising, and public relations experience. Previously, Gemmill spent eight years with John Marshall Bank, where marketing efforts helped the bank grow by 367% during his time.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported record third quarter 2022 net income of $7.0 million, or $0.48 diluted earnings per share, compared to $4.7 million, or $0.32 diluted earnings per share, for the quarter ended September 30, 2021, an increase of $2.4 million or 50%. Annualized return on average assets was 1.32% and annualized return on average equity was 13.87% for the third quarter of 2022. For the comparable quarterly September 30, 2021 period, annualized return on average assets was 0.91% and annualized return on average equity was 9.18%.

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.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) is pleased to announce its second placement on the Piper Sandler Bank & Thrift Sm-All Stars annual analysis of small-cap banks. With an objective to identify “the next crop of stellar mid-cap banks before they are discovered by the rest of the world,” Piper Sandler’s Sm-All Stars list recognizes the 35 highest-performing small-cap banks and thrifts in the country.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) announced a $1 million investment in JAM FINTOP Blockchain (the Fund), a fund created and managed by Jacobs Asset Management (JAM) and FINTOP Capital. The investment gains the Company access to the Fund’s blockchain “infrastructure,” such as blockchain-powered applications in the key service areas of lending, payments and exchanges, as well as access to the JAM FINTOP Network (the “Network”) of community banks. The Company sees this significant investment as its latest endeavor in setting its customers up for success.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported second quarter 2022 net income of $6.4 million, or $0.43 diluted earnings per share, compared to $5.2 million, or $0.36 diluted earnings per share, for the quarter ended June 30, 2021, an increase of $1.3 million or 24%. Annualized return on average assets was 1.21% and annualized return on average equity was 12.93% for the second quarter of 2022. For the comparable quarterly June 30, 2021 period, annualized return on average assets was 1.06% and annualized return on average equity was 10.41%.

FVCBankcorp, Inc. (the “Company”) was added as a member of the U.S. small-cap Russell 2000® Index (the “Index”), effective after the U.S. market opens on June 27, as part of the 2022 Russell indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock also was automatically added to the appropriate growth and value indexes.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported first quarter 2022 net income of $6.6 million, or $0.45 diluted earnings per share, compared to $5.6 million, or $0.38 diluted earnings per share, for the quarterly period ended March 31, 2021, an increase of $1.0 million, or 18%. Net revenues, which include net interest income plus noninterest income, for the three months ended March 31, 2022 were $16.7 million, an increase of $1.8 million, or 12%, from $14.8 million for the year ago quarter ended March 31, 2021.

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 1,080,860 shares of its common stock, or approximately 8% of its outstanding shares of common stock at December 31, 2021. The repurchase program will expire on March 31, 2023, subject to earlier termination of the program by the Board of Directors. As of December 31, 2021, the Company had approximately 13.7 million shares outstanding.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported record net income of $6.5 million, or $0.44 diluted earnings per share, for the fourth quarter of 2021 compared to $5.0 million, or $0.36 diluted earnings per share, for the quarterly period ended December 31, 2020, an increase of 30%. For the year ended December 31, 2021, the Company reported record net income of $21.9 million, or $1.50 diluted earnings per share, compared to $15.5 million, or $1.10 diluted earnings per share, for the same period of 2020, an increase of $6.4 million, or 41%. Net income for the three and twelve months ended December 31, 2021 includes the impact of merger-related expenses of $338 thousand and $1.4 million, respectively, which are associated with the Company’s previously announced proposed merger (the “Merger”) with Blue Ridge Bankshares, Inc. (NYSEAM:BRBS) (“Blue Ridge”) mutually terminated by the Company and Blue Ridge on January 20, 2022.

Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) (“Blue Ridge”), the parent company of Blue Ridge Bank, National Association, and FVCBankcorp, Inc. (NASDAQFVCB) (“FVCB”), the parent company of FVCbank, jointly announced today a mutual agreement to terminate their merger agreement, previously announced on July 14, 2021, pursuant to which the companies had agreed to combine in an all-stock merger of equals transaction.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported third quarter 2021 net income of $4.7 million, or $0.32 diluted earnings per share, compared to $3.9 million, or $0.28 diluted earnings per share, for the quarterly period ended September 30, 2020, an increase of 21%. For the nine months ended September 30, 2021, the Company reported net income of $15.4 million, or $1.06 diluted earnings per share, compared to $10.5 million or $0.74 diluted earnings per share, for the same period of 2020, a year-over-year increase of $4.9 million, or 47%. Net income for the three and nine months ended September 30, 2021 include merger-related expenses of $1.1 million which are associated with the Company’s previously announced proposed merger (the “merger”) with Blue Ridge Bankshares, Inc. (NYSEAM:BRBS) (“Blue Ridge”), and $380 thousand of accelerated recognition of debt issuance costs related to its 2016 subordinated debt issuance, which was redeemed at the Company’s option on September 30, 2021.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported third quarter 2021 net income of $4.7 million, or $0.32 diluted earnings per share, compared to $3.9 million, or $0.28 diluted earnings per share, for the quarterly period ended September 30, 2020, an increase of 21%. For the nine months ended September 30, 2021, the Company reported net income of $15.4 million, or $1.06 diluted earnings per share, compared to $10.5 million or $0.74 diluted earnings per share, for the same period of 2020, a year-over-year increase of $4.9 million, or 47%. Net income for the three and nine months ended September 30, 2021 include merger-related expenses of $1.1 million which are associated with the Company’s previously announced proposed merger (the “merger”) with Blue Ridge Bankshares, Inc. (NYSEAM:BRBS) (“Blue Ridge”), and $380 thousand of accelerated recognition of debt issuance costs related to its 2016 subordinated debt issuance, which was redeemed at the Company’s option on September 30, 2021.

Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) (“Blue Ridge”), the parent company of Blue Ridge Bank, National Association (“Blue Ridge Bank”), and FVCBankcorp, Inc. (NASDAQFVCB) (“FVCB”), the parent company of FVCbank, jointly announced today an update to their previously announced business combination.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported second quarter 2021 net income of $5.2 million, or $0.36 diluted earnings per share, compared to $2.9 million, or $0.21 diluted earnings per share, for the quarterly period ended June 30, 2020, an increase of 79%. Net revenues, which include net interest income plus noninterest income, for the three months ended June 30, 2021 were $14.9 million, an increase of $1.5 million, from $13.4 million for the year ago quarter ended June 30, 2020.

FVCBankcorp, Inc. (NASDAQFVCB) (the “Company”) today reported first quarter 2021 net income of $5.6 million, or $0.38 diluted earnings per share, compared to $3.7 million, or $0.26 diluted earnings per share, for the quarterly period ended March 31, 2020. Net revenues, which include net interest income plus noninterest income, for the three months ended March 31, 2021 were $14.8 million, an increase of $1.9 million, from $12.9 million for the year ago quarter ended March 31, 2020.