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

FVCbank adds experienced banker to the business development team as vice president

FVCbank recently announced Mark D. DesRochers joined the rapidly growing Bank as vice president, relationship manager/business development, charged with increasing the Bank’s deposit portfolio for FVCbank‘s new Ashburn branch as well as its Reston location. “Mark brings his broad base of product knowledge as well as excellent customer service and business development skills to FVCbank,” said David W. Pijor, chairman, president and CEO of FVCbank. “As we continue … Read More

FVCbank adds two experienced bankers to the commercial lending team

Terry L. Elliott joined FVCbank as senior vice president, and brings her award-winning experience in the Manassas, Virginia, area supporting business customers to focus on growing the Bank’s commercial relationships. Prior to joining FVCbank, Elliott worked at United Bank of Manassas, Virginia, as senior vice president, commercial lender. Highlights of her 16-year career include selection by the Small Business Administration’s Richmond District as Financial … Read More

FIG Partners announces FVCBankcorp, Inc. maintains “Outperform” rating

We are reiterating our “Outperform” rating on the shares of FVCBankcorp, Inc. following solid 2Q16 results that were In Line with our $0.21 estimate (only publishing analyst). Based on the second quarter earnings, we are maintaining our 2016 EPS estimate at $0.86 (adjusted for recent 5-for-4 split) and raise our 2017 EPS estimate two cents to $1.02 (also split adjusted). We also are adjusting our Target Price to $20.00 (split-adjusted) given the prospects for … Read More

FVCBankcorp, Inc. reports record second quarter earnings

FVCBankcorp, Inc. (OTCQX:FVCB) (the “Company”) reported unaudited consolidated earnings of $1.8 million for the second quarter of 2016, or $0.21 diluted earnings per share, an increase of $314 thousand, or 21.3% compared with the 2015 second quarter. Return on average assets was 0.94% for the quarter, while return on average equity increased to 9.30%. Net income for the first half of 2016 totaled $3.6 million, an increase of $661 thousand, or 22.9%, compared with net income of $2.9 million for the … Read More