FIG Partners Report: FVCBankcorp, Inc.

We are reiterating our “Outperform” rating and $19.50 Target Price on FVCB shares with revised EPS estimates of $0.97 in 2016 (up from $0.95) and $1.15 in 2017 (up from $1.10). Our EPS changes reflect expectations for stronger Loan growth than previously modeled offset by a lower NIM and larger provisions to cover expected Loan growth. We had a chance to speak with CFO Patricia Ferrick recently who noted expectations for 15%-20% loan growth based on a strong start to 1Q16 and a building … Read More

FVCbank’s Mike Nassy named Washington Business Journal 2016 Minority Business Leader

The Washington Business Journal named FVCbank Executive Vice President and Chief Credit Officer Michael G. Nassy as a winner of its ninth annual Minority Business Leader awards program. The program honors the Washington region’s top 25 minority business leaders based on their business success, philanthropic efforts and roles in the community.“I was truly humbled by the award,” Nassy said. “Honestly, winning the award definitely came as … Read More

FVCBankcorp, Inc. reports record earnings; solid loan and deposit growth

FVCBankcorp, Inc. (OTCQX:FVCB) (the “Company”) reported unaudited consolidated earnings of $5.4 million for 2015, or $0.85 diluted earnings per share, an increase of $1.3 million, or 31.1% compared with 2014 net income of $4.1 million, or $0.79 diluted earnings per share. The improved earnings per share also reflect the increased number of shares from the five-for-four stock split distributed in May 2015. The record earnings for … Read More

FVCbank sponsors 2nd Annual Friendship Walks Event

As part of its commitment to serve the community, FVCbank invites and encourages community members to put on their walking shoes and join the bank in supporting Friendship Place’s 2nd Annual Friendship Walks event, beginning 10:30 a.m., Nov. 7, at the National Mall. Friendship Walks is a 1.5-mile fun walk around the National Mall to raise awareness and funds for Friendship Place, a nonprofit organization focused on ending homelessness in the Washington, D.C., region. “We are proud … Read More

FVCbank reports solid financial performance in third quarter

First Virginia Community Bank (OTC:FVCB) announces continued growth through an increase in assets and earnings for the third quarter of 2015. FVCbank reported its net income rose to $4.4 million for the first nine months of this year compared to the same period in 2014. In addition, diluted earnings per share rose 51.4%, an increase of $1.5 million, for the nine-month period compared with same timeframe for 2014. As part of FVCbank’s growth trend in the third quarter, the Bank announced its newly … Read More