earnings
confidence high
sentiment positive
materiality 0.80
FVCBankcorp Q3 net income record $7.0M, EPS $0.48, up 50% YoY; NIM expands 41 bps to 3.38%
FVCBankcorp, Inc.
2022-Q3 EPS reported
$1.36
revenue$1,085,000
- Q3 net income $7.0M ($0.48 diluted EPS), up 50% from $4.7M ($0.32) in Q3 2021.
- Net interest income $17.5M (+21% YoY); net interest margin 3.38% (+41 bps YoY).
- Loans receivable grew $50.2M in Q3 to $1.71B, up 17% YoY; core deposits up $139.8M YoY.
- Nonperforming assets remain low at 0.17% of total assets; net charge-offs $8K.
- Efficiency ratio improved to 47.5% from 52.3% (excl merger costs) in prior year.