secwatch.observer — SEC 8-K summary
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Issuer:     FVCBankcorp, Inc. (FVCB)
CIK:        0001675644
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001104659-22-048406
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FVCBankcorp reports Q1 2022 net income $6.6M ($0.45 EPS), revenue up 12% YoY
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- Net income of $6.6M ($0.45 diluted EPS) vs $5.6M ($0.38) in Q1 2021, up 18%.
- Net revenues of $16.7M, up 12% from $14.8M a year ago; operating EPS of $0.46.
- Loans (ex-PPP) grew 17% YoY to $1.50B; nonperforming assets 0.17% of total assets.
- Net interest margin 3.15% vs 3.22% a year ago; efficiency ratio improved to 49.9% from 53.1%.
- Total deposits up 14% YoY; noninterest-bearing deposits 30% of total ($545.9M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675644/000110465922048406/0001104659-22-048406-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675644/000110465922048406/tm2213191d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-048406

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