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FVCBankcorp, Inc. - $FVCB STOCK NEWS

Welcome to our dedicated page for FVCBankcorp news (Ticker: $FVCB), a resource for investors and traders seeking the latest updates and insights on FVCBankcorp stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FVCBankcorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FVCBankcorp's position in the market.

News
FVCBankcorp, Inc. Announces First Quarter 2024 Earnings; Net Interest Income and Margin Improvement
Rhea-AI Summary
FVCBankcorp, Inc. reported its financial results for Q1 2024, showcasing an increase in net interest income and margin. Net interest margin rose to 2.47%, with net interest income up by $133k to $12.8 million. The company maintained strong credit quality with nonperforming loans decreasing by 33% year-over-year. Prudent balance sheet repositioning and surrendering of BOLI policies contributed to improved tax provisioning. The Bank's capital ratios exceeded well-capitalized thresholds. Net income for Q1 2024 was $1.3 million, with commercial bank operating earnings increasing by $948k. Total assets saw a slight decrease, while loans receivable and deposits increased. The Company's asset quality remained robust, with disciplined credit guidelines and proactive risk management strategies. The Company's minority investment in ACM showed progress, contributing to non-interest income. Net interest income improved, driven by higher interest income on loans, partially offset by increased funding costs. Noninterest income rebounded, and noninterest expenses decreased, resulting in a positive net income for Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.52%
Tags
earnings
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News
FVCBankcorp Announces Extension of Share Repurchase Program
Rhea-AI Summary
FVCBankcorp, Inc. (Nasdaq: FVCB) extends its share repurchase program, allowing for the buyback of up to 1,300,000 shares of common stock by March 31, 2025. The Company repurchased 115,750 shares in 2023. Repurchases may be made through various methods and are subject to market conditions and legal considerations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.72%
Tags
buyback
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News
FVCBankcorp, Inc. Announces 2023 Earnings
Rhea-AI Summary
FVCBankcorp, Inc. (NASDAQ: FVCB) reported its financial results for the fourth quarter and full year of 2023. The company experienced a net loss of $5.1 million and $12.2 million in after-tax losses for the first quarter 2023 and fourth quarter 2023 securities sale. The company reduced future occupancy expense through a reduction in office space and staffing. However, it recorded a net loss of $5.1 million for the quarter ended December 31, 2023, compared to net income of $4.9 million for the quarter ended December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
earnings
News
FVCBankcorp, Inc. Announces Third Quarter 2023 Earnings
Rhea-AI Summary
FVCBankcorp reports Q3 2023 financial results, showcasing stellar credit quality and continued core deposit growth. Net income for Q3 2023 was $4.0 million compared to $7.0 million in Q3 2022. Total assets decreased by $38.9 million, or 2%, from December 2022. Loans receivable increased by $9.1 million, or 0.5%. Total deposits increased by $165.8 million, or 9%, year-to-date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
Tags
earnings
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News
FVCBankcorp, Inc. Announces Second Quarter 2023 Earnings; Strong Deposit and Liquidity Growth
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.6%
Tags
earnings
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News
FVCbank Named by American Bankers Association as a Top Performing Bank
Rhea-AI Summary
FVCbank recognized as one of the top performing banks in the US
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
Tags
none
News
FVCbank Captures Coveted Bank Honor Roll Recognition for Strong Earnings Growth Over the Past Decade
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
FVCbank Simplifies and Streamlines Lending for Smaller Businesses
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
none
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News
FVCBankcorp, Inc. Announces First Quarter 2023 Earnings; Balance Sheet Repositioning; Deposit and Liquidity Growth
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.43%
Tags
earnings
News
FVCBankcorp Announces Extension of Share Repurchase Program
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.42%
Tags
buyback
Stock FVCB logo
FVCBankcorp, Inc.

Nasdaq:FVCB

FVCB Rankings

#3771 Ranked by Market Cap
#3961 Ranked by Stock Gains
N/A Ranked by Dividends

FVCB Stock Data

206.98M
12.47M
14.69%
43.91%
0.69%
Commercial Banking
Finance and Insurance
Link
United States of America
FAIRFAX

About FVCB

welcome to fvcbank. opened in november 2007, our vision entails working with our shareholders, friends and neighbors to build a financial services organization that will focus on the northern virginia business community, its owners and employees. we believe our bank should do more than provide traditional banking products. one key strategy is focusing on helping people achieve their financial dreams, whether that's creating a fortune 500 company, planning for college educations, retirement or whatever that dream may be. by attracting top notch experienced bankers and combining their skills with state of the art technology, we will offer our customers high touch banking and products that will successfully compete with any other bank. in addition, by banking with us, your company will have an opportunity to become part of our e-directory. the first virginia community bank e-directory and marketing through our e-newsletter provides our customers an added marketing tool as part of their ba