FVCBankcorp, Inc. FVCB
The Company is a registered bank holding company headquartered in Fairfax, Virginia. We operate primarily through our sole subsidiary, FVCbank (the "Bank"), a community oriented, locally-owned and managed commercial bank organized under the laws of the Commonwealth of Virginia. We serve 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. The Company was established as the holding company for the Bank in 2015.
Since the Bank began operations in November 2007, it has grown largely organically, through de novo branch expansion, banker and customer acquisition, and two whole-bank acquisitions. In 2012, we completed the acquisition of 1st Commonwealth Bank of Virginia ("1st Commonwealth"), a $58.9 million asset savings and loan association in Arlington, Virginia.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M | $1.6M | $1.5M | $1.4M | $1.6M | $67.1M | $66.7M | $51.9M | $40.3M | — |
| Interest expense | $63.8M | $55.6M | $54.4M | $15.4M | $10.5M | $14.5M | $18.7M | $12.1M | $8.2M | — |
| Pre-tax income | $28.2M | $22.3M | $4.2M | $31.0M | $28.2M | $19.7M | $20.0M | $13.1M | $14.5M | — |
| Income tax | $6.2M | $7.2M | $410.0K | $6.0M | $6.3M | $4.2M | $4.2M | $2.2M | $6.8M | — |
| Net income | $22.1M | $15.1M | $3.8M | $25.0M | $21.9M | $15.5M | $15.8M | $10.9M | $7.7M | — |
| EPS, basic | 1.22 | 0.83 | 0.22 | 1.43 | 1.29 | 1.14 | 1.15 | 0.93 | 0.74 | — |
| EPS, diluted | 1.21 | 0.82 | 0.21 | 1.35 | 1.20 | 1.10 | 1.07 | 0.85 | 0.67 | — |
| Shares, diluted (wtd. avg.) | 18.3M | 18.4M | 18.2M | 18,484 | 18,227 | 14,134 | 14,825 | 12,822 | 11,545 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.7M | $8.2M | $8.0M | $7.3M | $24.6M | $20.8M | $14.9M | $9.4M | $7.4M | $5.2M |
| Property, plant and equipment | $693.0K | $858.0K | $997.0K | $1.2M | $1.6M | $1.7M | $2.1M | $2.3M | $1.2M | — |
| Goodwill | $7.2M | $7.2M | $7.2M | $7.2M | $7.2M | $7.2M | $7.1M | $6.5M | — | — |
| Other intangibles | $138.0K | $263.0K | $428.0K | $633.0K | — | — | — | — | — | — |
| Total assets | $2.29B | $2.20B | $2.19B | $2.34B | $2.20B | $1.82B | $1.54B | $1.35B | $1.05B | — |
| Total liabilities | $2.04B | $1.96B | $1.97B | $2.14B | $1.99B | $1.63B | $1.36B | $1.19B | $954.9M | — |
| Retained earnings | $150.9M | $131.0M | $115.9M | $114.9M | $89.9M | $68.0M | $52.5M | $36.7M | $25.9M | — |
| Total equity | $253.6M | $235.4M | $217.1M | $202.4M | $209.8M | $189.5M | $179.1M | $158.3M | $98.3M | $79.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $23.9M | $18.2M | $16.3M | $22.4M | $19.4M | $14.9M | $19.4M | $13.3M | $10.5M | — |
| Depreciation and amortisation | $212.0K | $280.0K | $390.0K | $424.0K | $555.0K | $615.0K | $643.0K | $497.0K | $536.0K | — |
| Stock-based compensation | $854.0K | $789.0K | $1.1M | $1.2M | $1.0M | $690.0K | $679.0K | $707.0K | $628.0K | — |
| Capital expenditure | $47.0K | $141.0K | $212.0K | $166.0K | $485.0K | $353.0K | $311.0K | $743.0K | $500.0K | — |
| Investing cash flow | -$94.7M | -$8.9M | $149.2M | -$225.8M | -$344.3M | -$268.3M | -$163.6M | -$114.3M | -$143.7M | — |
| Financing cash flow | $68.3M | -$9.2M | -$164.7M | $186.1M | $328.7M | $259.4M | $149.7M | $102.9M | $135.4M | — |
| Dividends paid | $2.2M | $0 | — | — | — | — | — | — | — | — |
| Buybacks | $6.7M | $0 | $1.5M | $730.0K | $0 | $7.3M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001675644-26-000039.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $40.3M | $51.9M | $66.7M | $67.1M | $1.6M | $1.4M | $1.5M | $1.6M | $1.8M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | — | $7.7M | $10.9M | $15.8M | $15.5M | $21.9M | $25.0M | $3.8M | $15.1M | $22.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Other event Item 8.01
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $98.57B | 19.6x | 7.8% |
| FITB | FIFTH THIRD BANCORP | $48.05B | 15.0x | -5.0% |
| STT | STATE STREET CORP | $46.10B | 17.9x | 7.3% |
| MTB | M&T BANK CORP | $32.01B | 13.0x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $30.72B | 19.2x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $27.44B | 16.9x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $27.41B | 14.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.97B | 13.8x | 2.4% |