FVCBankcorp, Inc. reports record first quarter earnings

FVCBankcorp Inc. (OTCQX:FVCB) (the “Company”) reported unaudited consolidated earnings of $1.8 million for the first quarter of 2016, or $0.26 diluted earnings per share, an increase of $347 thousand, or 24.4%, compared with the 2015 first quarter. Return on average assets improved to 0.97% for the quarter, while return on average equity increased to 9.45%. Net income for the 2016 first quarter increased $736 thousand compared with the previous quarter, due to the significant loan growth in the 2015 … Read More

FVCbank senior management team adds new senior vice president to lead Bank’s retail operations

First Virginia Community Bank (FVCbank) announces the addition of Sharon Jackson as senior vice president and senior retail officer to support consumer and commercial clients. With a focus on expanding the Bank’s specialized retail financial services, Jackson’s financial expertise elevates the Bank’s already solid team in niche industries such as title and escrow, government contracting, healthcare, property management, small business and nonprofit. … Read More

FVCBankcorp, Inc. releases 2015 Annual Report

I am delighted to update you on your Bank’s financial performance during 2015. We recently reported consolidated earnings of $5.4 million for 2015, or $0.80 diluted earnings per share, an increase of $1.3 million, or 31.1% compared with 2014 net income of $4.1 million, or $0.63 diluted earnings per share. 2015 was a milestone year for FVCbank as our team achieved record loan growth and earnings in one of the most vibrant markets in the country. We continue to win relationships … Read More

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