Reported Earnings • 4h
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: US$0.46 (up from US$0.31 in 2Q 2025). Revenue: US$21.1m (up 26% from 2Q 2025). Net income: US$8.22m (up 45% from 2Q 2025). Profit margin: 39% (up from 34% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 20
First quarter dividend of US$0.07 announced Shareholders will receive a dividend of US$0.07. Ex-date: 27th July 2026 Payment date: 17th August 2026 Dividend yield will be 1.5%, which is lower than the industry average of 3.2%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 12% over the next year, which should provide support to the dividend and adequate earnings cover. Annuncio • Jul 17
Fvcbankcorp, Inc. Announces Quarterly Cash Dividend, Payable on August 17, 2026 FVCBankcorp, Inc. announced that the Company’s Board of Directors has declared a cash dividend of $0.07 for each share of its common stock outstanding. The dividend is payable on August 17, 2026 to shareholders of record on July 27, 2026. Recent Insider Transactions Derivative • Apr 27
Founder exercised options to buy US$1.1m worth of stock. On the 21st of April, David Pijor exercised 97.66k options at around US$9.22, then sold 25.37k of them at US$15.61 each and kept the remainder. Since June 2025, David has owned 489.31k shares directly. Company insiders have collectively bought US$73k more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • Apr 24
FVCBankcorp, Inc. Reports Charge Offs for the First Quarter Ended March 31, 2026 FVCBankcorp, Inc. reported charge offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $3,000 compared to recoveries of $139,000 a year ago. Reported Earnings • Apr 22
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$0.36 (up from US$0.28 in 1Q 2025). Revenue: US$18.1m (up 17% from 1Q 2025). Net income: US$6.39m (up 24% from 1Q 2025). Profit margin: 35% (up from 33% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Annuncio • Apr 19
Fvcbankcorp, Inc. Announces Increase in Quarterly Cash Dividend, Payable on May 18, 2026 FVCBankcorp, Inc. announced that the Company’s Board of Directors has declared a cash dividend of $0.07 for each share of its common stock outstanding, an increase of $0.01, or 17%, from the previous quarterly cash dividend. The dividend is payable on May 18, 2026 to shareholders of record on April 27, 2026. Annuncio • Apr 08
FVCBankcorp, Inc., Annual General Meeting, May 20, 2026 FVCBankcorp, Inc., Annual General Meeting, May 20, 2026. Recent Insider Transactions • Mar 23
Independent Director recently sold US$170k worth of stock On the 17th of March, Philip Wills sold around 11k shares on-market at roughly US$14.81 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$337k. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Mar 19
Independent Director notifies of intention to sell stock Philip Wills intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of March. If the sale is conducted around the recent share price of US$14.86, it would amount to US$170k. Since March 2025, Philip's direct individual holding has decreased from 76.78k shares to 63.16k. Company insiders have collectively sold US$170k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 17
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$1.22 (up from US$0.83 in FY 2024). Revenue: US$65.8m (up 13% from FY 2024). Net income: US$22.1m (up 46% from FY 2024). Profit margin: 34% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.92% (up from 2.62% in FY 2024). Cost-to-income ratio: 55.7% (down from 61.6% in FY 2024). Non-performing loans: 0.55% (down from 0.69% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Recent Insider Transactions • Mar 06
Independent Director recently sold US$337k worth of stock On the 26th of February, Lawrence Schwartz sold around 21k shares on-market at roughly US$15.66 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$989k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Feb 25
Independent Director notifies of intention to sell stock Philip Wills intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of February. If the sale is conducted around the recent share price of US$15.82, it would amount to US$237k. Since March 2025, Philip's direct individual holding has increased from 76.78k shares to 199.53k. Company insiders have collectively bought US$292k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Feb 20
Senior EVP & Chief Credit Officer exercised options and sold US$51k worth of stock On the 13th of February, Michael Nassy exercised 11.72k options at around US$9.22, then sold 8k of the shares acquired at an average of US$15.76 per share and kept the remainder. Since March 2025, Michael's direct individual holding has increased from 53.39k shares to 58.12k. Company insiders have collectively bought US$292k more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • Feb 13
FVCBankcorp, Inc. announced that it has received $25 million in funding FVCBankcorp, Inc. announced that it has received the private placement of $25 million from certain qualified institutional buyers and accredited investors on February 12, 2026. The note will mature on March 1, 2029, carry a fixed rate of interest of 6.75 percent. Price Target Changed • Feb 12
Price target increased by 20% to US$18.00 Up from US$15.00, the current price target is provided by 1 analyst. New target price is 15% above last closing price of US$15.61. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$1.43 for next year compared to US$1.22 last year. Reported Earnings • Jan 21
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$1.22 (up from US$0.83 in FY 2024). Revenue: US$65.8m (up 13% from FY 2024). Net income: US$22.1m (up 46% from FY 2024). Profit margin: 34% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Annuncio • Jan 16
FVCBankcorp, Inc. Announces Quarterly Cash Dividend, Payable on February 17, 2026 FVCBankcorp, Inc. announced that the Company’s Board of Directors has declared a cash dividend of $0.06 for each share of its common stock
outstanding. The dividend is payable on February 17, 2026 to shareholders of record on January 26, 2026. Reported Earnings • Oct 23
Third quarter 2025 earnings: Revenues and EPS in line with analyst expectations Third quarter 2025 results: EPS: US$0.31 (up from US$0.26 in 3Q 2024). Revenue: US$16.7m (up 9.6% from 3Q 2024). Net income: US$5.58m (up 20% from 3Q 2024). Profit margin: 33% (up from 31% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Oct 22
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (US$325k sold). Annuncio • Oct 22
FVCBankcorp, Inc. Announces Net Charge Offs for the Third Quarter Ended September 30, 2025 FVCBankcorp, Inc. announced net charge offs for the third quarter ended September 30, 2025. For the quarter, the company reported net charge-offs of $498,000. Annuncio • Oct 17
FVCBankcorp, Inc. Declares Quarterly Cash Dividend, Payable on November 17, 2025 FVCBankcorp, Inc. announced that the Company’s Board of Directors has declared quarterly cash dividend of $0.06 for each share of its common stock outstanding. The dividend is payable on November 17, 2025 to shareholders of record on October 27, 2025. Recent Insider Transactions Derivative • Sep 10
Independent Director exercised options to buy US$285k worth of stock. On the 8th of September, Devin Satz exercised options to buy 21k shares at a strike price of around US$9.22, costing a total of US$198k. This transaction amounted to 15% of their direct individual holding at the time of the trade. Since December 2024, Devin's direct individual holding has decreased from 146.52k shares to 142.17k. Company insiders have collectively sold US$24k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 24
Independent Director notifies of intention to sell stock Devin Satz intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of August. If the sale is conducted around the recent share price of US$13.50, it would amount to US$95k. Since December 2024, Devin's direct individual holding has increased from 146.52k shares to 149.17k. Company insiders have collectively sold US$293k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 15
Independent Director recently sold US$129k worth of stock On the 13th of August, Devin Satz sold around 10k shares on-market at roughly US$12.92 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$648k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 13
Independent Director notifies of intention to sell stock Devin Satz intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of August. If the sale is conducted around the recent share price of US$12.86, it would amount to US$64k. Since December 2024, Devin's direct individual holding has increased from 146.52k shares to 156.30k. Company insiders have collectively sold US$288k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jul 24
Independent Director exercised options to buy US$295k worth of stock. On the 21st of July, Scott Laughlin exercised options to buy 21k shares at a strike price of around US$9.22, costing a total of US$198k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since December 2024, Scott's direct individual holding has increased from 145.83k shares to 158.92k. Company insiders have collectively sold US$552k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 23
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.31 (up from US$0.23 in 2Q 2024). Revenue: US$16.7m (up 16% from 2Q 2024). Net income: US$5.67m (up 36% from 2Q 2024). Profit margin: 34% (up from 29% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Jul 23
FVCBankcorp, Inc. Reports Net Charge Offs for the Second Quarter Ended June 30, 2025 FVCBankcorp, Inc. reported net charge for the second quarter ended June 30, 2025. For the quarter, the company recorded net charge-offs of $517,000, or 0.11% annualized to average loans. Annuncio • Jul 18
Fvcbankcorp, Inc. Announces Initiation of Quarterly Cash Dividend, Payable on August 18, 2025 FVCBankcorp, Inc. announced that the company’s Board of Directors has declared a quarterly cash dividend as part of the initiation of a recurring quarterly dividend program. The initial quarterly cash dividend of $0.06 was declared for each share of its common stock outstanding. The dividend is payable on August 18, 2025 to shareholders of record on July 28, 2025. Based on the current number of shares outstanding, the aggregate payment will be approximately $1.1 million. Price Target Changed • Jul 09
Price target increased by 16% to US$14.50 Up from US$12.50, the current price target is an average from 2 analysts. New target price is 9.2% above last closing price of US$13.28. Stock is up 24% over the past year. The company is forecast to post earnings per share of US$1.15 for next year compared to US$0.83 last year. Annuncio • Jun 30
FVCBankcorp, Inc.(NasdaqCM:FVCB) dropped from Russell 2000 Dynamic Index FVCBankcorp, Inc.(NasdaqCM:FVCB) dropped from Russell 2000 Dynamic Index Annuncio • Jun 26
FVCbank Announces Executive Promotions FVCbank announce the promotions of two long-tenured and highly respected leaders: Jim Elliott has been promoted to Executive Vice President, Commercial Lending, and Steffany Watson has been promoted to Executive Vice President, Chief Services Officer. Jim will continue his service on the Bank’s Executive Committee, where he has played a key role in strategic initiatives. Steffany, with her promotion, has now been appointed to the Executive Committee for the first time. Both executives will contribute significantly to FVCbank’s continued growth and its commitment to exceptional customer service and operational excellence. Jim Elliott joined FVCbank in 2009 as Senior Vice President, Commercial Lender for the Prince William Region. Throughout his tenure, he has built one of the Bank’s largest and most loyal commercial loan portfolios. In 2019, Jim was promoted to Market President–Virginia, significantly expanding his reach and reinforcing the Bank’s presence across the region. In 2024, he assumed the role of Executive Director of Commercial Lending and was appointed to the Executive Committee. Under Jim’s leadership, the Manassas lending team expanded, and new industry verticals—including cannabis banking—were successfully added to the Bank’s portfolio. Steffany Watson began her career with FVCbank in 2007, joining during the Bank’s formation as Vice President, Cash Management & Treasury Services. She was instrumental in developing the Bank’s online banking platform and positioning its treasury services as a core differentiator from day one. In subsequent years, Steffany held progressive leadership roles, including Senior Vice President and Director of Cash Management. In 2024, she was promoted to Senior Vice President, Chief Services Officer, assuming leadership of loan operations, servicing, and deposit operations. She has also led multiple system conversions and works closely with key technology partners such as FIS and Q2. Annuncio • May 07
FVCbank Announces Executive Promotions FVCbank announced the promotion of two key members of its executive leadership team. Jennifer Deacon, currently Executive Vice President and Chief Financial Officer, and Michael G. Nassy, currently Executive Vice President and Chief Credit Officer, have been elevated to Senior Executive Vice President roles, recognizing their outstanding contributions and leadership. Jennifer Deacon has been instrumental in overseeing the bank’s extensive finance and accounting practices including treasury management and financial reporting. With extensive experience in banking and finance, Deacon’s leadership has strengthened the bank’s financial position and enhanced its operational efficiencies. Michael G. Nassy has led the bank’s credit and risk management efforts, ensuring sound lending practices and supporting FVCbank’s commitment to responsible growth. His expertise in credit risk assessment and portfolio management has been vital to the bank’s success in serving the diverse financial needs of businesses and individuals in the region. As Senior Executive Vice Presidents, Deacon and Nassy will continue to play critical roles in shaping the bank’s strategic vision and growth initiatives, ensuring FVCbank remains a trusted financial partner for businesses and communities throughout the region. Reported Earnings • Apr 23
First quarter 2025 earnings released: EPS: US$0.28 (vs US$0.075 in 1Q 2024) First quarter 2025 results: EPS: US$0.28 (up from US$0.075 in 1Q 2024). Revenue: US$15.5m (up 18% from 1Q 2024). Net income: US$5.17m (up 285% from 1Q 2024). Profit margin: 33% (up from 10% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Annuncio • Apr 16
FVCBankcorp, Inc., Annual General Meeting, May 29, 2025 FVCBankcorp, Inc., Annual General Meeting, May 29, 2025. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: US$0.83 (vs US$0.22 in FY 2023) Full year 2024 results: EPS: US$0.83 (up from US$0.22 in FY 2023). Revenue: US$58.1m (up 42% from FY 2023). Net income: US$15.1m (up 294% from FY 2023). Profit margin: 26% (up from 9.3% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.62% (up from 2.49% in FY 2023). Cost-to-income ratio: 61.6% (down from 89.4% in FY 2023). Non-performing loans: 0.69% (up from 0.10% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 11
Price target decreased by 7.4% to US$12.50 Down from US$13.50, the current price target is provided by 1 analyst. New target price is 20% above last closing price of US$10.46. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$1.05 for next year compared to US$0.83 last year. Recent Insider Transactions Derivative • Feb 24
Independent Director exercised options and sold US$71k worth of stock On the 20th of February, Philip Wills exercised 24.41k options at around US$6.85, then sold 14k of the shares acquired at an average of US$11.90 per share and kept the remainder. Since March 2024, Philip's direct individual holding has decreased from 188.68k shares to 188.55k. Company insiders have collectively sold US$1.4m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Feb 10
CEO & Chairman exercised options and sold US$354k worth of stock On the 6th of February, David Pijor exercised 97.66k options at around US$6.85, then sold 61k of the shares acquired at an average of US$12.61 per share and kept the remainder. For the year to December 2018, David's total compensation was 91% salary and 9% non-salary. Since March 2024, David's direct individual holding has increased from 439.09k shares to 451.96k. Company insiders have collectively sold US$1.5m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jan 26
Full year 2024 earnings released: EPS: US$0.83 (vs US$0.22 in FY 2023) Full year 2024 results: EPS: US$0.83 (up from US$0.22 in FY 2023). Revenue: US$58.1m (up 42% from FY 2023). Net income: US$15.1m (up 294% from FY 2023). Profit margin: 26% (up from 9.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Jan 25
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Significant insider selling over the past 3 months (US$191k sold). Annuncio • Jan 24
FVCBankcorp, Inc. Reports Unaudited Net Charge-Offs for the Fourth Quarter Ended December 31, 2024 FVCBankcorp, Inc. reported unaudited net charge-offs for the fourth quarter ended December 31, 2024. For the quarter, the company reported net charge-offs of $937,000 against $49,000 a year ago. Recent Insider Transactions • Dec 12
Independent Director recently sold US$95k worth of stock On the 11th of December, Devin Satz sold around 7k shares on-market at roughly US$14.03 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.9m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Dec 11
Independent Director notifies of intention to sell stock Devin Satz intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of December. If the sale is conducted around the recent share price of US$14.00, it would amount to US$95k. Since March 2024, Devin's direct individual holding has increased from 138.62k shares to 153.32k. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Nov 20
CEO & Chairman notifies of intention to sell stock David Pijor intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of November. If the sale is conducted around the recent share price of US$13.25, it would amount to US$66k. For the year to December 2017, David's total compensation was 91% salary and 9% non-salary. Since March 2024, David's direct individual holding has increased from 439.09k shares to 459.77k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 25
Independent Director recently sold US$51k worth of stock On the 23rd of August, Daniel Testa sold around 5k shares on-market at roughly US$11.40 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$137k. Insiders have been net sellers, collectively disposing of US$2.0m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 22
Independent Director exercised options and sold US$57k worth of stock On the 19th of August, Daniel Testa exercised 12k options at a strike price of around US$6.32 and sold these shares for an average price of US$11.01 per share. This trade did not impact their existing holding. Since March 2024, Daniel's direct individual holding has increased from 178.88k shares to 180.15k. Company insiders have collectively sold US$1.9m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$10.61, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 11x in the Banks industry in the US. Total loss to shareholders of 33% over the past three years. Recent Insider Transactions • Aug 04
CEO & Chairman recently sold US$51k worth of stock On the 31st of July, David Pijor sold around 4k shares on-market at roughly US$12.69 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$137k. David has been a net seller over the last 12 months, reducing personal holdings by US$290k. Recent Insider Transactions Derivative • Aug 01
CEO & Chairman notifies of intention to sell stock David Pijor intends to sell 17k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of July. If the sale is conducted around the recent share price of US$12.42, it would amount to US$217k. For the year to December 2017, David's total compensation was 91% salary and 9% non-salary. Since December 2023, David's direct individual holding has increased from 433.73k shares to 464.84k. Company insiders have collectively sold US$1.9m more than they bought, via options and on-market transactions in the last 12 months. New Risk • Jul 26
New major risk - Revenue and earnings growth Earnings have declined by 5.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Significant insider selling over the past 3 months (US$601k sold). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$12.23, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 11x in the Banks industry in the US. Total loss to shareholders of 20% over the past three years. Price Target Changed • Jun 27
Price target decreased by 7.4% to US$12.50 Down from US$13.50, the current price target is provided by 1 analyst. New target price is 16% above last closing price of US$10.77. The company is forecast to post earnings per share of US$0.78 for next year compared to US$0.22 last year. Recent Insider Transactions Derivative • Jun 25
Executive VP & COO exercised options to buy US$323k worth of stock. On the 21st of June, B. Dempsey exercised options to buy 32k shares at a strike price of around US$5.56, costing a total of US$176k. This transaction amounted to 39% of their direct individual holding at the time of the trade. Since September 2023, Dempsey's direct individual holding has decreased from 94.32k shares to 81.22k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jun 16
Independent Director exercised options to buy US$249k worth of stock. On the 10th of June, Devin Satz exercised options to buy 24k shares at a strike price of around US$5.56, costing a total of US$136k. This transaction amounted to 19% of their direct individual holding at the time of the trade. Since March 2024, Devin's direct individual holding has increased from 138.62k shares to 153.32k. Company insiders have collectively sold US$2.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jun 13
Independent Director recently sold US$137k worth of stock On the 6th of June, Devin Satz sold around 13k shares on-market at roughly US$10.81 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.8m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jun 02
Independent Director notifies of intention to sell stock Steven Wiltse intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of May. If the sale is conducted around the recent share price of US$11.18, it would amount to US$157k. Since March 2024, Steven has owned 33.75k shares directly. Company insiders have collectively sold US$1.9m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • May 15
Independent Director recently sold US$114k worth of stock On the 9th of May, Phillip Wills sold around 10k shares on-market at roughly US$11.22 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$118k. Insiders have been net sellers, collectively disposing of US$1.5m more than they bought in the last 12 months. Recent Insider Transactions Derivative • May 12
Independent Director notifies of intention to sell stock Phillip Wills intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of May. If the sale is conducted around the recent share price of US$11.54, it would amount to US$175k. Since September 2023, Phillip's direct individual holding has decreased from 217.26k shares to 188.68k. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$58.6m to US$55.0m. EPS estimate also fell from US$0.975 per share to US$0.775 per share. Net income forecast to grow 248% next year vs 1.5% growth forecast for Banks industry in the US. Consensus price target of US$13.25 unchanged from last update. Share price was steady at US$11.51 over the past week. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$10.14, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Banks industry in the US. Total loss to shareholders of 30% over the past three years. Annuncio • Apr 07
FVCBankcorp, Inc., Annual General Meeting, May 15, 2024 FVCBankcorp, Inc., Annual General Meeting, May 15, 2024, at 16:30 US Eastern Standard Time. Agenda: To elect twelve persons as directors of the Company for a one year term extending until the next Annual Meeting of Shareholders and until their successors shall be duly elected and qualified; to approve, in an advisory (non-binding) vote, the Company’s named executive officer compensation disclosed in the Proxy Statement; to ratify the appointment of Yount, Hyde & Barbour, P.C., as the Company’s independent registered public accounting firm to audit the consolidated financial statements of the Company for the year ended December 31, 2024; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Recent Insider Transactions • Mar 22
Chairman & CEO recently sold US$118k worth of stock On the 21st of March, David Pijor sold around 10k shares on-market at roughly US$11.82 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$370k. David has been a net seller over the last 12 months, reducing personal holdings by US$239k. Recent Insider Transactions Derivative • Mar 15
Independent Director exercised options and sold US$95k worth of stock On the 13th of March, Daniel Testa exercised 14k options at a strike price of around US$5.56 and sold these shares for an average price of US$12.14 per share. This trade did not impact their existing holding. Since March 2023, Daniel's direct individual holding has increased from 177.21k shares to 178.52k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Mar 04
Independent Director exercised options and sold US$65k worth of stock On the 29th of February, Daniel Testa exercised 10k options at a strike price of around US$5.56 and sold these shares for an average price of US$12.14 per share. This trade did not impact their existing holding. Since March 2023, Daniel's direct individual holding has decreased from 177.21k shares to 176.85k. Company insiders have collectively sold US$1.6m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Feb 18
Executive VP & Chief Lending Officer exercised options and sold US$97k worth of stock On the 12th of February, William Byers exercised 15k options at a strike price of around US$5.56 and sold these shares for an average price of US$12.01 per share. This trade did not impact their existing holding. Since March 2023, William's direct individual holding has decreased from 30.85k shares to 28.29k. Company insiders have collectively sold US$1.3m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Feb 09
Independent Director notifies of intention to sell stock Daniel Testa intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of February. If the sale is conducted around the recent share price of US$12.17, it would amount to US$297k. Since March 2023, Daniel has owned 177.21k shares directly. Company insiders have collectively sold US$751k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 04
Independent Director recently sold US$370k worth of stock On the 30th of January, Phillip Wills sold around 29k shares on-market at roughly US$12.74 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Independent Director Marc Duber was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 24
Executive VP & Chief Lending Officer recently sold US$72k worth of stock On the 20th of December, William Byers sold around 5k shares on-market at roughly US$14.33 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$83k. Insiders have been net sellers, collectively disposing of US$1.3m more than they bought in the last 12 months. Major Estimate Revision • Dec 14
Consensus EPS estimates fall by 34% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.685 to US$0.455 per share. Revenue forecast steady at US$55.3m. Net income forecast to grow 20% next year vs 10% decline forecast for Banks industry in the US. Consensus price target up from US$12.38 to US$13.50. Share price rose 8.5% to US$13.33 over the past week. Annuncio • Dec 08
FVCBankcorp, Inc. Announces Executive Changes FVCBankcorp, Inc. announced William G. Byers, Executive Vice President and Chief Lending Officer of the Company that he intends to retire effective March 1, 2024, and will step down as CLO on that date. Alissa Curry Briggs, who joined the Company in 2013 and is currently Senior Vice President and Executive Director of Commercial Real Estate, will elevate to the role of Executive Vice President and Chief Lending Officer upon Mr. Byers retirement. Recent Insider Transactions • Nov 09
Chairman & CEO recently sold US$83k worth of stock On the 3rd of November, David Pijor sold around 7k shares on-market at roughly US$11.15 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$218k. David has been a net seller over the last 12 months, reducing personal holdings by US$121k. New Risk • Oct 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 26% Last year net profit margin: 39% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (26% net profit margin). Significant insider selling over the past 3 months (US$544k sold). Recent Insider Transactions • Sep 20
Independent Director recently sold US$100k worth of stock On the 15th of September, Phillip Wills sold around 8k shares on-market at roughly US$11.91 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$136k. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$11.27, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Banks industry in the US. Total returns to shareholders of 33% over the past three years. Recent Insider Transactions • Aug 10
Independent Director recently sold US$90k worth of stock On the 4th of August, Lawrence Schwartz sold around 7k shares on-market at roughly US$13.67 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.3m more than they bought in the last 12 months. Annuncio • Jul 26
FVCBankcorp, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023 FVCBankcorp, Inc. reported net charge-offs for the second quarter ended June 30, 2023. For the quarter, the company reported net charge-offs of $356,000. Annuncio • Jul 23
FVCBankcorp, Inc. Announces Resignation of Thomas L Patterson, Director FVCBankcorp, Inc. announced that on July 20, 2023, Thomas L Patterson, a director of the Company notified the Company that he will resign from the board of directors of the Company effective immediately. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$12.62, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Banks industry in the US. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$18.94 per share. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$10.53, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$19.63 per share. Recent Insider Transactions • May 12
Executive VP & CFO recently bought US$60k worth of stock On the 9th of May, Jennifer Deacon bought around 7k shares on-market at roughly US$8.80 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jennifer has been a buyer over the last 12 months, purchasing a net total of US$20k worth in shares. Major Estimate Revision • Apr 27
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$66.8m to US$59.2m. EPS estimate fell from US$1.10 to US$0.80 per share. Net income forecast to shrink 15% next year vs 2.8% decline forecast for Banks industry in the US. Consensus price target down from US$12.75 to US$11.25. Share price fell 7.0% to US$9.30 over the past week. Price Target Changed • Apr 13
Price target decreased by 12% to US$12.75 Down from US$14.45, the current price target is an average from 2 analysts. New target price is 27% above last closing price of US$10.01. Stock is down 37% over the past year. The company is forecast to post earnings per share of US$1.10 for next year compared to US$1.43 last year. Reported Earnings • Mar 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$1.43 (up from US$1.29 in FY 2021). Revenue: US$65.4m (up 4.3% from FY 2021). Net income: US$25.0m (up 14% from FY 2021). Profit margin: 38% (up from 35% in FY 2021). Net interest margin (NIM): 3.19% (up from 3.09% in FY 2021). Cost-to-income ratio: 50.6% (down from 55.5% in FY 2021). Non-performing loans: 0.24% (up from 0.23% in FY 2021). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 13
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be US$15.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 27% in the next 2 years. Recent Insider Transactions • Feb 20
Independent Director recently sold US$183k worth of stock On the 14th of February, Lawrence Schwartz sold around 14k shares on-market at roughly US$13.55 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$211k. Insiders have been net sellers, collectively disposing of US$2.3m more than they bought in the last 12 months. Recent Insider Transactions • Feb 09
Independent Director recently sold US$100k worth of stock On the 3rd of February, Devin Satz sold around 7k shares on-market at roughly US$14.00 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$102k. Insiders have been net sellers, collectively disposing of US$1.7m more than they bought in the last 12 months. Major Estimate Revision • Feb 03
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$76.3m to US$72.9m. EPS estimate also fell from US$1.57 per share to US$1.40 per share. Net income forecast to grow 3.7% next year vs 9.4% growth forecast for Banks industry in the US. Consensus price target down from US$17.10 to US$14.45. Share price fell 4.0% to US$13.92 over the past week. Price Target Changed • Jan 27
Price target decreased by 12% to US$19.38 Down from US$22.00, the current price target is an average from 2 analysts. New target price is 13% above last closing price of US$17.08. Stock is down 16% over the past year. The company is forecast to post earnings per share of US$1.96 for next year compared to US$1.79 last year. Annuncio • Jan 27
FVCBankcorp, Inc. Reports Unaudited Net Charge-Offs for the Fourth Quarter Ended December 31, 2022 FVCBankcorp, Inc. reported unaudited net charge-offs for the fourth quarter ended December 31, 2022. For the quarter, the company reported net charge-offs of $2,000 compared to $35,000 a year ago. Buying Opportunity • Jan 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be US$23.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 32% in the next 2 years. Reported Earnings • Jan 26
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$1.43. Revenue: US$65.4m (up 4.3% from FY 2021). Net income: US$25.0m (up 14% from FY 2021). Profit margin: 38% (up from 35% in FY 2021). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Recent Insider Transactions Derivative • Jan 22
Independent Director notifies of intention to sell stock Thomas Patterson intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of January. If the sale is conducted around the recent share price of US$19.00, it would amount to US$380k. Since March 2022, Thomas' direct individual holding has decreased from 133.52k shares to 109.75k. Company insiders have collectively sold US$1.4m more than they bought, via options and on-market transactions in the last 12 months.