10-K · March 16, 2026
FVCBankcorp positions itself as a community-focused commercial bank concentrated in the Washington, D.C. and Baltimore MSAs, pursuing organic growth, selective branching and opportunistic acquisitions while emphasizing…
Earnings analysis · 10-Q
FVCB earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
FVCB reported a strong Q1 2026, with revenue of $30 million (up 3.4% YoY) and diluted EPS of $0.35 (up 25% YoY) despite missing revenue estimates slightly. The increase in earnings was driven by higher net interest…
Read full summary
FVCB reported a strong Q1 2026, with revenue of $30 million (up 3.4% YoY) and diluted EPS of $0.35 (up 25% YoY) despite missing revenue estimates slightly. The increase in earnings was driven by higher net interest income and strong noninterest income growth of 32%. Management projects continued operational stability despite potential economic headwinds due to inflation and market conditions.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.35
What stood out
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Revenue Growth
Revenue for Q1 2026 was $30 million, up 3.4% from $29 million in Q1 2025.
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EPS Beats Estimates
Diluted EPS was $0.35, exceeding estimates by 9.1% and up 25% YoY.
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Strong Net Interest Margin
Net interest income increased 16% to $17.4 million, driving a net interest margin of 3.26%, up from 2.83% YoY.
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Growth in Noninterest Income
Noninterest income rose 31.6% to $883 thousand, reflecting strong performance in fees and services.
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Effective Tax Rate Reduction
The effective tax rate for Q1 2026 was 22.6%, up from 19.2% YoY, reflecting fewer tax benefits.
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Capital Adequacy Maintained
Total risk-based capital ratio was 15.86%, well above the regulatory minimum.
What to watch
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Increase in Nonperforming Loans
Nonperforming loans rose to $12.2 million, up 14% YoY, indicating potential credit quality issues.
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Dependence on Local Economic Conditions
Concentration of business in the D.C. metro area exposes FVCB to regional economic downturns.
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High CRE Concentration Risk
Commercial real estate loans constituted 52% of total loans, maintaining a concentration in the face of market instability.
Management's outlook
Management expects continued operational strength, with cautious optimism amid economic challenges.
Earlier filings 4
10-Q · May 14, 2025
FVCBankcorp delivered a strong quarter with net income of $5.165M and diluted EPS of $0.28, up from $1.340M and $0.07 a year ago. Net interest income expanded to $15.052M (from $12.792M) and total interest and dividend…
10-Q · November 13, 2024
FVCBankcorp reported Q3 2024 results with total revenues of $30.048M (interest & dividend income $29.233M plus noninterest income $0.815M) and diluted EPS of $0.25, both higher versus the year-ago quarter. Net income…
10-Q · August 13, 2024
FVCBankcorp reported Q2 2024 diluted EPS of $0.23 and net income of $4,155 thousand, roughly flat versus Q2 2023 net income of $4,233 thousand. Loan balances increased $58,028 thousand since December 31, 2023, deposits…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.