FVCBankcorp (NASDAQ: FVCB) details Q1 2026 growth, liquidity and loan mix
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
FVCBankcorp, Inc. furnished an investor presentation outlining its financial position and strategy for the quarter ended March 31, 2026. The bank reported total assets of $2,335 million, total loans of $1,923 million and total deposits of $2,028 million, demonstrating steady balance sheet growth.
For first quarter 2026, net interest margin was 3.26% and the non-GAAP efficiency ratio was 54.0%, reflecting a focus on profitability and cost control. The loan book is diversified across commercial real estate, commercial and industrial and residential segments, with CRE concentration to risk-based capital of 306% as of March 31, 2026.
Management highlights a relationship-driven commercial model, technology investments such as data analytics and digital platforms, and a strong liquidity profile. At March 31, 2026, uninsured deposits were $936,028 with total liquidity sources of $1,127,255, giving a liquidity-to-uninsured-deposits ratio of 134.3%.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total assets: $2,335 million
Total loans: $1,923 million
Total deposits: $2,028 million
+5 more
8 metrics
Total assets
$2,335 million
As of March 31, 2026
Total loans
$1,923 million
As of March 31, 2026
Total deposits
$2,028 million
As of March 31, 2026
Net interest margin
3.26%
Quarter ended March 31, 2026
Efficiency ratio (non-GAAP)
54.0%
Quarter ended March 31, 2026
Commercial deposits
$1.25 billion at 2.37%
Average rate on ~6,800 commercial accounts
Uninsured deposits
$936,028
As of March 31, 2026
Total liquidity sources
$1,127,255
Liquidity sources at March 31, 2026; 134.3% of uninsured deposits
Key Terms
pre-tax pre-provision income, efficiency ratio, nonperforming assets, CRE Concentration to Risk-Based Capital, +1 more
5 terms
pre-tax pre-provision income financial
"Net Income and Pre-Tax Pre-Provision Income (non-GAAP) ($M)"
Pre-tax pre-provision income is a banking measure of how much a lender earns from its normal operations before subtracting taxes and the money set aside to cover bad loans. Think of it as a car’s engine power measured before adding safety equipment and fuel costs: it shows the underlying earning strength and how much cushion the bank has to absorb future losses or support dividends. Investors use it to compare core profitability across banks and to judge resilience during credit stress.
efficiency ratio financial
"For 1Q ‘26, net interest margin was 3.26% and efficiency ratio was 54.0%."
A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.
nonperforming assets financial
"Nonperforming assets ($12.2 million) defined as nonaccruals, loans past-due 90 days or more, and other real estate owned."
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
CRE Concentration to Risk-Based Capital financial
"CRE Concentration to Risk-Based Capital at March 31, 2026 was 306%."
uninsured deposits financial
"Uninsured Deposits $936,028 Liquidity / Uninsured Deposits 134.3%"
Uninsured deposits are customer funds held at a bank that exceed the amount protected by a government-backed deposit insurance program, meaning they would not be automatically reimbursed if the bank fails. For investors, the level of uninsured deposits signals how vulnerable a bank is to sudden withdrawals and depositor losses—high uninsured exposure can increase liquidity risk, contagion concerns, and potential losses for creditors and equity holders.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 4, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission file number) | (IRS Employer Number) | ||||||
(Address of Principal Executive Offices) (Zip Code)
(703 ) 436-3800
Registrant’s telephone number, including area code:
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities Registered under Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
Attached as Exhibit 99.1 to this report is an investor presentation reflecting financial information about FVCBankcorp, Inc. (the “Company”) for use by the Company in connection with potential meetings with investors, analysts, and other interested parties. The Company does not undertake to update the information contained in the attached presentation materials.
The information contained in this Current Report on Form 8-K that is furnished under this Item 7.01, including the accompanying Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section. The information contained in the Current Report on Form 8-K that is furnished under this Item 7.01, including the accompanying Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.x
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | ||||||||
| Description | ||||||||
99.1 | Investor Presentation Materials | |||||||
| 104 | The cover page from the Company’s Form 8-K with a date on report of May 04, 2026, formatted in Inline Extensible Business Reporting Language (included with the Inline XBRL document). | |||||||
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FVCBANKCORP, INC. | ||||||||
| By: | /s/ Jennifer L. Deacon | |||||||
| Jennifer L. Deacon, Senior Executive Vice President and Chief Financial Officer | ||||||||
| Dated: May 04, 2026 | ||||||||
Quarter End March 31, 2026 NASDAQ: FVCB
This presentation may contain statements relating to future events or future results of FVCBankcorp, Inc. (“FVCB”) that are considered “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of FVCB’s beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward- looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. FVCB cautions that the forward-looking statements are based largely on expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond FVCB’s control. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. The following factors, among others, could cause FVCB’s financial performance to differ materially from that expressed in such forward-looking statements: general business and economic conditions, including higher inflation and its impacts, nationally or in the markets that FVCB serves could adversely affect, among other things, real estate valuations, and increases in loan delinquencies and defaults; unemployment levels, the ability of businesses to remain viable, consumer and business confidence, and consumer or business spending, which could lead to decreases in demand for loans, deposits, and other financial services that FVCB provides and increases in loan delinquencies and defaults; the concentration of FVCB’s business in and around the Washington, D.C. metropolitan area and the effects of changes in the economic, political, and environmental conditions on this market, shutdowns of the U.S. government, including potential reductions in spending by the U.S. government and related reductions in the federal workforce; the impact of the interest rate environment on our business, financial condition and results of operation, and its impact on the composition and costs of deposits, loan demand, and the values and liquidity of loan collateral, securities, and interest sensitive assets and liabilities; changes in FVCB's liquidity requirements could be adversely affected by changes in its assets and liabilities; changes in the assumptions underlying the establishment of reserves for possible credit losses and the possibility that future credit losses may be higher than currently expected; the management of risks inherent in FVCB’s real estate portfolio, and the risk of a prolonged downturn in the real estate market, which could impair the value of loan collateral and the ability to sell collateral upon any foreclosure; changes in market conditions, specifically declines in the commercial and residential real estate market, volatility and disruption of the capital and credit markets, and soundness of other financial institutions FVCB does business with; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; FVCB's investment securities portfolio is subject to credit risk, market risk, and liquidity risk as well as changes in the estimates used to value the securities in the portfolio; declines in FVCB's common stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause FVCB to record a noncash impairment charge to earnings in future periods; the effect of any change in federal government enforcement of federal laws affecting the cannabis industry; potential exposure to fraud, negligence, computer theft and cyber-crime, and FVCB’s ability to maintain the security of their data processing and information technology systems; the impact of changes in bank regulatory conditions, including laws, regulations and policies concerning capital requirements,deposits insurance premiums, taxes, securities, and the application thereof by regulatory bodies; the effect of changes in accounting policies and practices, as may be adopted from time to time by bank regulatory agencies, the Securities and Exchange Commission (the “SEC”), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setting bodies; competitive pressures among financial services companies, including the timely development of competitive new products and services and the acceptance of these products and service by new and existing customers; the effect of acquisitions and partnerships FVCB may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions; FVCB's involvement, from time to time, in legal proceedings and examination and remedial actions by regulators; geopolitical conditions, including trading restrictions and tariffs, and acts or threats of terrorism and/or military conflicts, or actions taken by the United States or other governments in response to trade restrictions and tariffs, and acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; and the occurrence of significant natural disasters, including severe weather conditions, floods, health related issues or emergencies, and other catastrophic events. The foregoing factors should not be considered exhaustive and should be read together with other cautionary statements that are included in FVCB’s Annual Report on Form 10-K for the year ended December 31, 2025, including those discussed in the section entitled “Risk Factors,” and in FVCB’s other periodic and current reports filed with the SEC. If one or more of the factors affecting forward-looking information and statements proves incorrect, then FVCB’s actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this presentation. Therefore, FVCB cautions you not to place undue reliance on its forward-looking information and statements. FVCB will not update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict their occurrence or how they will affect FVCB’s operations, financial condition or results of operations. Use of Non-GAAP Financial Measures This presentation includes certain financial information that is calculated and presented on the basis of methodologies that are not in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). These non-GAAP financial measures include pre-tax pre-provision return on average assets, pre-tax pre-provision return on average equity, tangible book value, tangible common equity, tangible assets and efficiency ratio. The non-GAAP financial measures included in this presentation do not replace the presentation of FVCB’s GAAP financial results, should not be considered as a substitute for operating results determined in accordance with GAAP and may not be comparable to other similarly titled measures of other companies. These measurements provide supplemental information to assist management, as well as certain investors, in analyzing FVCB’s core business, capital position and results of operations. FVCB has chosen to provide this additional information to investors because it believes that these measures are meaningful in assisting investors to evaluate FVCB’s core ongoing operations, results and financial condition. Reconciliations of the non-GAAP financial measures provided in this presentation to the most directly comparable GAAP measures can be found in the appendix of this presentation. Forward-Looking Statements; Non-GAAP Information 2
FVCB Company Snapshot (1) Consolidated financial data as of the three months ended March 31, 2026, unless otherwise noted. (2) Nonperforming assets ($12.2 million) defined as nonaccruals, loans past-due 90 days or more, and other real estate owned. (3) Non-GAAP financial measure. See the reconciliation included in the appendix to this presentation. 3 2 1 3 5 4 8 6 7 LPO
FVCB Business Strategy 4 FVCB aims to capitalize on market opportunities while maintaining disciplined and comprehensive credit underwriting. FVCB’s focus on providing high-touch, responsive, relationship-based client service allows it to compete effectively and exceed the needs of customers. Organic Growth ✓ Focus on relationships, generating “sticky,” sustainable, core deposits ✓ Continue to bolster existing market share ✓ Hire seasoned lenders to scalable lending structure ✓ Continue to expand on specialized expertise in lending to government contractors and cannabis licensees Maintain Credit Quality ✓ Strong risk management culture ✓ Disciplined underwriting ✓ Constantly managing and overseeing credit quality Superior Technology ✓ Leverage technology to improve efficiencies across bank processes ✓ Financial technology partnerships to expand digital banking products and services to attract larger, sophisticated commercial clients Profitability ✓ Increased return on assets and return on equity ✓ Enhance net interest income ✓ Leverage strong infrastructure to enhance efficient growth Opportunity Blueprint for Success
Technology Deployment Driving Top-Tier Performance *FVCbankcorp, Inc. has invested in KlariVis and JAM FINTOP Blockchain Fund. 5 Lending Treasury and Payments Enterprise-Wide ● Data analytics functionality (KlariVis¹) which provides: ○ Immediate access to better communicate and respond to customers ○ Dashboards to easily analyze activity for all areas of the Bank ○ Board reports without requiring significant time-consuming preparation ● Robotic process automation has reduced risk of error and reduced processing time from hours to minutes. Collectively, hundreds of hours have been saved on daily, weekly, monthly, and periodic repetitive manual processes ● FinTech investment in cutting-edge JAM FINTOP Blockchain Fund¹ ● Online deposit account opening for businesses and consumers ● Zelle for customers who use peer-to- peer digital payment processing ● Q2 Digital Platform delivers online banking solutions and treasury management services with maximum flexibility ● Business Insights provides cashflow analysis, forecasting, and guidance to business customers ● Z Suite is a digital platform that provides the Bank’s 1031 exchange and property manager clients an efficient solution to handle three- party accounts and sub-ledgering ● Loan origination platform provides paperless workflow solution and automates approval process and tickler tracking ● Automated borrowing base certification (Accounts Receivable Financing) streamlines process for government contracting customers and lender ● Automated warehouse lending platform allows timely response with limited resources ● Automated construction loan functionality for lender, borrower, title insurance, and inspector ● Lightning Lending provides digital lending experience for small businesses Strategically Aligned Solutions
Well-Positioned In One of the Most Attractive Markets in the Nation… 6 Top 10 MSAs by Population Note: Demographic data as of June 30, 2025 Source: S&P Global Market Intelligence, FDIC, Maryland Department of Labor, U.S. Bureau of Labor Statistics, CNBC Community Highlights Vibrant Economy • Washington, D.C. MSA and Baltimore MSA contain 20 and 3 Fortune 500 companies, respectively. • Virginia was ranked #1 state for business in 2024 by CNBC • Among the 15 wealthiest counties in the United States by median household income, 5 are located in the Washington, D.C. MSA. • Numerous government contracting entities support government functions. • With over 13 banks acquired in these markets over the past five years, there is scarcity value for community banks in the market. • Northern Virginia has emerged as a major global technology hub, anchored by the world’s largest concentration of data centers and a rapidly growing workforce of top-tier tech talent. Largest Employers Johns Hopkins University Smithsonian National Museum Washington Monument Georgetown University
Relationship Driven Model Continues to Create Balance Sheet Leverage Total Assets ($M) Total Loans, Net of Fees ($M) Total Deposits ($M) CAGR: 4.9% CAGR: 5.3% CAGR: 5.5% 7 Track Record of Strong Growth and Profitability $1,821 $2,203 $2,344 $2,191 $2,199 $2,292 $2,335 2020 2021 2022 2023 2024 2025 2026 1Q $1,466 $1,504 $1,840 $1,829 $1,870 $1,941 $1,923 2020 2021 2022 2023 2024 2025 2026 1Q $1,532 $1,884 $1,830 $1,845 $1,871 $1,997 $2,028 2020 2021 2022 2023 2024 2025 2026 1Q
Track Record of Strong Growth and Profitability (1) Non-GAAP financial measure. See the reconciliation included in the appendix to this presentation. (2) Excludes non-recurring transaction costs of $1.4 million for 2021, $0.13 million for 2022, $16.0 million for 2023 and $2.4 million for 2024. Net Income and Pre-Tax Pre-Provision Income (non-GAAP) ($M)1 Net Interest Margin (%) • For 1Q ‘26, net interest margin was 3.26% and efficiency ratio was 54.0%. • Robust market opportunities with relationship driven growth strategy. • Technology and operating efficiencies provide ability to scale. • Core deposit relationships, commitment to technology and high touch service. Income, Expense and Efficiency Ratio (non-GAAP) (%)1 8 2 $62.2 $68.1 $56.6 $58.1 $67.4 $18.3 $33.1 $34.3 $36.2 $35.8 $37.6 $9.9 53.2% 50.4% 64.0% 56.7% 55.7% 54.0% 2021 ² 2022 ² 2023 ² 2024 ² 2025 ² 2026 1Q ² Income (1) Expense (1) Efficiency(1) Drivers of Earnings Growth: $21.9 $25.0 $3.8 $15.1 $22.1 $6.4 $29.2 $33.7 $20.4 $22.3 $29.8 $8.7 2021 ² 2022 ² 2023 ² 2024 ² 2025 ² 2026 1Q ² Net Income Pre-tax pre-provision income (1) 3.09% 3.19% 2.49% 2.62% 2.92% 3.26% 2021 ² 2022 ² 2023 ² 2024 ² 2025 ² 2026 1Q ²
Well Diversified Loan Portfolio Balanced Loan Portfolio Segmentation 9 Disciplined, Low-Risk Commercial Balance Sheet (1) Yield calculated based on average balance for the period. (2) The above balances are based on the Bank’s filed Call Report. CRE 43.49% C&I 23.38% Resi 13.60% C&D 8.17%Warehouse 1.77% Multifamily 8.25% Other 1.34%
• 12 Loan officers with deep connections to the markets; average experience of over 22 years. • Focused effort on commercial, real estate and small business, including government contracting. • Expanded focus on government contracting provides large source of growth potential. • Small average loan balance helps mitigate risk. • Average Loan Size ‒ C&I Portfolio: $856,074 ‒ CRE Portfolio: $2,638,454 • CRE Concentration to Risk-Based Capital at March 31, 2026 was 306% 10 Disciplined, Low-Risk Commercial Balance Sheet Owner Occupied CRE (1) Non-Owner Occupied CRE Construction Asset Class Average Loan-to- Value (2) Number of Total Loans Bank Owned Principal Average Loan-to- Value (2) Number of Total Loans Bank Owned Principal Number of Total Loans Bank Owned Principal Total Bank Owned Principal % of Total Loans Office, Class A 63% 7 $ 40,477 40% 2 $ 14,951 — $ — $ 55,428 Office, Class B 48% 23 8,165 44% 22 44,383 — — 52,548 Office, Class C 45% 9 5,015 30% 7 7,499 3 1,068 13,582 Office, Medical 37% 6 946 43% 5 24,578 1 13,792 39,316 Subtotal 45 $ 54,603 36 $ 91,411 4 $ 14,860 $ 160,874 8% Retail- Nbhd / Cmty Shop — — $ — 43% 32 $ 91,208 — $ — $ 91,208 Retail- Restaurant 52% 4 4,314 37% 11 20,153 — — 24,467 Retail- Single Tenant 53% 5 1,794 40% 14 26,133 — — 27,927 Retail- Anchored,Other — — — 49% 12 32,265 — — 32,265 Retail- Grocery-anchored — — — 40% 6 36,151 — — 36,151 Subtotal 9 $ 6,108 75 $ 205,910 — $ — $ 212,018 11% Multi-family, Class A — $ — 41% 2 $ 1,421 2 $ 33,111 $ 34,532 Multi-family, Class B — — 60% 18 62,912 — — 62,912 Multi-family, Class C — — 53% 58 70,965 1 977 71,942 Multi-Family-Afford. Housing — — 52% 2 9,297 — — 9,297 Subtotal — $ — 80 $ 144,595 3 $ 34,088 $ 178,683 9% Industrial 46% 37 $ 100,851 53% 26 $ 110,121 — $ — $ 210,972 Warehouse 46% 8 6,894 21% 6 5,215 — — 12,109 Flex 49% 12 10,267 52% 13 54,611 2 — 64,878 Subtotal 57 $ 118,012 45 $ 169,947 2 $ — $ 287,959 15% Hotels —% — $ — 40% 7 $ 35,102 1 $ 7,589 $ 42,691 2% Mixed Use 43% 8 $ 6,611 59% 27 $ 44,662 — $ — $ 51,273 3% Land —% — $ — —% — $ — 20 $ 31,695 $ 31,695 2% 1-4 Family construction —% — $ — —% — $ — 14 $ 48,456 $ 48,456 2% Other (including net deferred fees) $ 56,496 $ 68,155 $ 20,562 $ 145,213 8% Total $ 241,830 $ 759,782 $ 157,250 $ 1,158,862 60% (1) Minimum debt service coverage policy is 1.30x for owner occupied and 1.25x for non-owner occupied at origination. (2) Loan-to-value is determined at origination date against current bank-owned principal. Positioned for Growth
11 Disciplined, Low-Risk Commercial Balance Sheet • Based on our stress analysis, the Office portfolio has low refinance risk with $2 million in maturing loans through 2026. • Only $1 million of Office portfolio loans are located within Washington, D.C. (and additionally, are not located within the Central Business District).
12 Disciplined, Low-Risk Commercial Balance Sheet Expected Repricing will Improve Revenue Growth Commercial Loan Repricing Schedule (March 31, 2026) • 57% of the commercial loan portfolio is fixed rate. • 66% of the commercial loan portfolio with fixed or adjustable rates will reprice or mature by 3/31/2029. Loan Repricing Schedule at March 31, 2026 ($ in 000) 3 Months or Less 3-12 Months 1-3 Years 3-5 Years Over 5 Years Total Commercial Fixed 50,064$ 75,797$ 310,937$ 258,132$ 216,397$ 911,327$ Current Rate 5.44% 4.85% 5.66% 6.02% 4.47% Commercial Variable 457,312$ 29,204$ 129,705$ 72,582$ -$ 688,803$ Current Rate 7.13% 4.76% 5.30% 6.54% 0.00% Commercial Combined 507,376$ 105,000$ 440,642$ 330,715$ 216,397$ 1,600,130$ Current Rate 6.96% 4.82% 5.56% 6.14% 4.47% Cumulative Repricing - 5 Years 612,376$ 1,053,018$ 1,383,733$ 1,600,130$ Cumulative Repricing As a Percentage 38.27% 65.81% 86.48% 100.00%
Disciplined, Low-Risk Commercial Balance Sheet (1) Nonperforming loans defined as nonaccruals and loans past-due 90 days or more. 13 ALL / Gross Loans, Net of Fees (%)NPAs / Total Assets (%)¹ NCOs / Average Loans, Net of Fees (%)Nonaccrual Loans / Gross Loans, Net of Fees (%) Increase in nonperforming loans at December 31, 2024 was primarily a result of one commercial real estate loan placed on nonaccrual during the fourth quarter of 2024, totaling $10.3 million
Strong Core Deposit Base • Full-service relationships continue to drive core deposit growth. ‒ Approximately three quarters of the commercial loan portfolio retains a deposit relationship with the bank. • Growth in commercial accounts provide cross selling opportunities with FVCB’s technology investment. ‒ $1.25 billion in commercial deposits across ~6,800 accounts with an average rate of 2.37%. ‒ Treasury management tools and high-touch service allows FVCB to compete for larger clients. • Approximately $177 million in public funds at an average rate of 3.53%. Deposit Portfolio Composition As of 3/31/2026 Deposit Composition By Delivery Channel at 3/31/20261 (1) Deposit composition weighted cost based on period end account interest rates while total cost of deposits is based on activity throughout the period. 3/31/26 Cost of Deposits: 2.50% 14 Noninterest Bearing 18.2% Interest Bearing 52.4% Time 16.6%Wholesale 12.8%
Strong Liquidity • Stress testing is performed quarterly with assumptions inclusive of both systemic and idiosyncratic risks. • Stress testing performed as of September 30, 2025, demonstrates a strong liquidity position in all tested scenarios. *Values above in millions. 15 March 31, 2026 Total Availability Total Used Available Remaining Cash 191,681 - 191,681 Unencumbered Securities 131,439 - 131,439 FHLB 453,263 (130,000) 323,263 FRB - BIC Program 268,676 - 268,676 Unsecured Lines of Credit 212,196 - 212,196 Total Liquidity Sources: $1,257,255 ($130,000) $1,127,255 Uninsured Deposits $936,028 Liquidity / Uninsured Deposits 134.3%
…With a Management Team that has Strong Ties to the Market • FVCB’s executive management team consists of nine officers with over 301 years of combined experience in the Washington, D.C. metro area • David Pijor was the founding Chairman of the Board of James Monroe Bancorp, which opened in June 1998 in Arlington, VA. He was instrumental in the growth and strategic direction of the bank until its sale to Mercantile Bankshares Corporation in 2006 for $144 million 16 Intimate Knowledge of Clients, Credits, Markets, and Employees Name Current Position Prior Community Bank Experience Years of Industry Experience Years at FVCB David W. Pijor, Esq. Chairman & CEO, Company and Bank James Monroe Bancorp 27 19 Patricia A. Ferrick President, Company and Bank Southern Financial Bancorp, Potomac Bank of Virginia 39 19 Jennifer L. Deacon SEVP and Chief Financial Officer, Company and Bank Cardinal Financial Corp. 29 9 Michael G. Nassy SEVP and Chief Credit Officer, Company and Bank City First Bank of DC, National Cooperative Bank 26 14 Michelle L. Buckles EVP and Chief Risk Officer, Company and Bank Sonabank 39 12 Alissa Curry Briggs EVP and Chief Lending Officer, Company and Bank Cardinal Financial Corp. 26 14 James C. Elliott EVP and Commercial Lending Executive, Company and Bank Virginia Commerce Bank 38 17 Sharon L. Jackson EVP and Chief Banking Officer, Company and Bank MainStreet Bank 40 10 Steffany Watson EVP and Chief Services Officer, Bank James Monroe Bank 37 18
Experienced Leadership Team Governed and Supported By An Exceptional Board David Pijor Chairman & CEO • Served as Chairman of the Board and CEO of FVCB since its organization • Lead organizer, Chairman of the Board and General Counsel of James Monroe Bank from its inception to sale to Mercantile Bankshares L. Burwell Gunn Jr. Vice Chairman • Served as Vice Chairman of the Board since 2015 • Served as President and COO of FVCB from 2008 to 2013 • Served as CEO and President of Cardinal Bank from 1997 to 1999 • Founder, President and Chief Executive Officer of Inoventures, LLC and SciMetrika, LLC, a subsidiary of Inoventures, LLC Bio Bio Patricia Ferrick President & Director Scott Laughlin Director Devin Satz Director Lawrence Schwartz Director Meena Krishnan Director Sidney Simmonds Director Daniel Testa Director Phillip Wills Director Steven Wiltse Director • Manages various Wills family real estate development firms • Co-founded Church Investments and Consolidated Green Services • President of Simmonds & Klima, Ltd • Served as Chairman of the Board at 1st Commonwealth Bank of Virginia • Served as Director of Bank of Northern Virginia • Owner, President and CEO of TCI since 1980 • Serves as Director of Advanced Solutions International • Partner and Co-founder of Argy, Wiltse & Robinson, P.C. • Served as Director at Cardinal Financial Corp • Serves as President of the Bank and Company • CFO and EVP from FVCB’s inception until June 2017 • Former auditor at KPMG • Founder of Synchronous Knowledge, Inc. until its sale to IMS Health Incorporated in 2005 • Retired from the U.S. Air Force in 1999 • Co-owner of LMO Advertising • Advisor at First Juice, Inc. and Ardent Capital • Retired Partner with PBMares LLP • Former Director of Annapolis Bancorp Marc Duber Director • EVP and COO of The Bernstein Companies • Serves as Director of MedStar Health, Inc. • Served as Chairman of the Board of Trustees – American University 17
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FVCB Franchise History Since inception, FVCbank has successfully executed a strategic plan focused on organic growth and opportunistic acquisitions without compromising asset quality or financial discipline. (1) $13.00 for existing shareholders, $13.50 for new shares offered to the public. Source: S&P Global Market Intelligence; Company documents. June 2013 Follow-On Offering #3 $21.9mm @ $13.50 per share ($5.53 per share split adjusted) Q1 2010 Reached sustained profitability September 2010 Follow‐On Offering #1 $6.3mm @ $12.50 per share ($5.12 per share split adjusted) 2010 2013 2015 2016 20172012 2018 February 2012 Follow‐On Offering #2 $6.7mm @ $13.00/$13.50 per share ($5.33/$5.53 per share split adjusted)¹ October 2012 Completed acquisition of 1st Commonwealth Bank of Virginia in Arlington, VA April / May 2015 Five for Four Stock Split quoted on OTCQX October 2015 Formed FVCBankcorp Holding Company May 2018 Announced acquisition of Colombo Bank in Rockville, MD September 2018 Initial Public Offering $36.9mm @ $20.00 per share ($16.00 per share split adjusted) October 2018 Completed acquisition of Colombo Bank in Rockville, MD 2007 November 2007 FVCbank is established $23mm offering @ $10 per share ($4.10 per share split adjusted) raised in 8 weeks August 2017 Private Reg. D Offering $10.0mm @ $12.80 per share ($12.80 per share split adjusted) September 2017 Five for Four Stock Split 2021 . January 2021 $1.0mm Investment in KlariVis, an innovative interactive solution software August 2021 Announced acquisition of membership interest in Atlantic Coast Mortgage, LLC 2022 March 2022 $1.0mm investment in JAM FINTOP Blockchain June 2022 Added to Russell 2000 Index September 2022 Named to Piper Sandler 2022 ‘Sm- All-Stars Class’ February 2023 Five for Four Stock Split 2023 19 May / June 2016 Five for Four Stock Split June 2016 $25.0mm 6% Sub Debt 2026 January / February 2026 $19mm 6% Sub Debt Redeemed; Issued $25mm 6.75% Unsecured Debt rated by Morningstar DBRS July 2025 Initiated a quarterly cash dividend 2025
Appendix: Non-GAAP Financial Measures 20
Appendix: Non-GAAP Financial Measures 21
5-Year Loan History 22
Financial Highlights (1) Performance ratios presented are calculated using annualized GAAP net income. (2) Non-GAAP financial measures exclude one-time transaction costs of $1.4 million for 2021, and $0.13 million for 2022, $4.6 million for 2023 and $2.4 million for 2024. (3) Nonperforming assets defined as nonaccruals, loans past-due 90 days or more, and other real estate owned. (4) Nonperforming loans defined as nonaccruals and 90+ days past due. (5) Financial Data as of 3/31/26. 23
FAQ
What does FVCBankcorp (FVCB) disclose in its latest investor presentation?
FVCBankcorp presents an overview of its Q1 2026 financial position and strategy. The materials highlight balance sheet growth, profitability metrics, loan portfolio composition, deposit mix, liquidity levels and the bank’s technology-enabled, relationship-focused business model in the Washington, D.C. metropolitan market.
How large is FVCBankcorp’s balance sheet as of March 31, 2026?
FVCBankcorp reports total assets of $2,335 million at March 31, 2026. Total loans were $1,923 million and total deposits were $2,028 million, reflecting a commercial and real estate-focused community bank operating primarily in the Washington, D.C. metropolitan area.
What are FVCBankcorp’s key profitability metrics for Q1 2026?
For Q1 2026, FVCBankcorp’s net interest margin was 3.26%. The bank’s non-GAAP efficiency ratio was 54.0%, indicating how much it spends to generate revenue, and management emphasizes technology and scale to further support efficient growth over time.
How is FVCBankcorp’s loan portfolio structured and what is its CRE concentration?
FVCBankcorp’s loan portfolio is diversified across CRE, C&I, residential and construction. Commercial real estate remains a significant segment, and CRE concentration to risk-based capital was 306% as of March 31, 2026, managed under a disciplined underwriting and risk culture.
What does FVCBankcorp reveal about liquidity and uninsured deposits?
At March 31, 2026, uninsured deposits totaled $936,028. Total liquidity sources were $1,127,255, resulting in a liquidity-to-uninsured-deposits ratio of 134.3%, supported by cash, securities, FHLB capacity, Federal Reserve programs and unsecured credit lines.
How is FVCBankcorp using technology to support growth and client service?
FVCBankcorp highlights multiple technology initiatives to enhance efficiency and client service. These include data analytics via KlariVis, robotic process automation, a Q2 digital banking platform, online account opening, treasury and cashflow tools, and automated lending platforms for construction, warehouse and small business loans.