FVCBankcorp reports record annual net income of $25.0M for 2022; Q4 net income down 25% YoY

FVCBankcorp, Inc.

2022-FY EPS reported $1.35 revenue$1,432,000

Annual net income $25.0M ($1.35 diluted EPS) vs $21.9M ($1.20) in 2021, +14%.
Q4 net income $4.9M ($0.27 EPS) vs $6.5M ($0.36) in Q4 2021, down 25%.
Loans receivable net grew 22% YoY to $1.84B; total assets up 6% to $2.34B.
ACM membership interest contributed $1.4M loss in Q4 vs $1.1M income year-ago.
Board approved 5-for-4 stock split (25% stock dividend) payable Jan 31, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FVCBankcorp, Inc. reported the quarter ended December 31, 2022 results: net income $4.9 million, EPS $0.27 diluted earnings per share.

Period: the quarter ended December 31, 2022
Net income: $4.9 million
EPS: $0.27 diluted earnings per share
Result: reported results

Exact text from the filing

For the quarter ended December 31, 2022, the Company reported net income of $4.9 million, or $0.27 diluted earnings per share, compared to $6.5 million, or $0.36 diluted earnings per share, for the quarter ended December 31, 2021, a decrease of $1.6 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FVCBankcorp, Inc. reported the year ended December 31, 2022 results: net income $25.0 million, EPS $1.35 diluted earnings per share.

Period: the year ended December 31, 2022
Net income: $25.0 million
EPS: $1.35 diluted earnings per share
Result: reported results

Exact text from the filing

FVCBankcorp, Inc. (NASDAQ: FVCB) (the “Company”) today reported record annual 2022 net income of $25.0 million, or $1.35 diluted earnings per share, compared to $21.9 million, or $1.20 diluted earnings per share, for 2021, a year-over-year increase of $3.1 million, or 14%.

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FVCBankcorp, Inc. filing history →

Source: SEC EDGAR

accession 0001675644-23-000005

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