secwatch.observer — SEC 8-K summary
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Issuer:     FVCBankcorp, Inc. (FVCB)
CIK:        0001675644
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001675644-22-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FVCBankcorp Q3 net income record $7.0M, EPS $0.48, up 50% YoY; NIM expands 41 bps to 3.38%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675644/000167564422000063/0001675644-22-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675644/000167564422000063/fvcb-20221020.htm
  HTML page:      https://secwatch.observer/filing/0001675644-22-000063

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