FIG Partners Report: FVCBankcorp, Inc.

We are reiterating our “Outperform” rating on the shares of FVCBankcorp, Inc. (FVCB) following 3Q16 EPS of $0.19 ($0.02 below our estimate). The EPS miss was driven by a combination of a lower NIM than modeled as well as slightly higher Loan Loss Provisions (due to growth rather than Asset Quality deterioration). That being said, this was another solid quarter of growth for the bank with Annualized Loan growth of 16% In Line with recent norms and management noting the pipeline entering the final quarter the strongest it has ever been … Read More

FVCbank’s Jim Elliott honored by Virginia Association of Community Banks

Jim Elliott, senior vice president and regional lending executive at FVCbank in Fairfax, Virginia, has received statewide recognition from the Virginia Association of Community Banks (VACB), which named him a finalist in its first annual Community Banker of the Year celebration. The award recognizes bankers for their community involvement and volunteerism, as well as leadership by example within the bank. Nominees were also evaluated based on their community bank … Read More

FVCBankcorp, Inc. reports strong performance for the 2016 third quarter

FVCBankcorp, Inc. (OTCQX:FVCB) (the “Company”) reported unaudited consolidated earnings of $1.6 million for the third quarter of 2016, or $0.19 diluted earnings per share, an increase of $143 thousand, or 9.5%, compared with the 2015 third quarter net income of $1.5 million, or $0.18 diluted earnings per share. Net income was $5.2 million and $4.4 million for the nine months ended September 30, 2016, and 2015, respectively, an increase of $804 thousand, or 18.3% … Read More