---
schema_version: "secwatch.filing_event.v1"
accession: "0001675644-23-000055"
form_type: "8-K"
ticker: "FVCB"
cik: "0001675644"
company_name: "FVCBankcorp, Inc."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:35:37.023511+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FVCBankcorp Q1 net income $621K vs $6.6M YoY; commercial bank operating EPS $0.26

## Summary
- Net income $621K ($0.03 diluted), down from $6.6M ($0.36) in Q1 2022.
- Includes $3.6M after-tax loss from sale of $40.3M investment securities as part of balance sheet repositioning.
- Commercial bank operating earnings (non-GAAP) $4.8M, or $0.26 diluted per share, vs $5.5M ($0.30) in Q4 2022.
- Total deposits grew $80.2M to $1.91B; uninsured deposits improved to 32.5% from 39.7%.
- ACL to loans (ex-warehouse lines) 1.11%; nonperforming loans to assets stable at 0.19%.

## SEC filing metadata
- accession: 0001675644-23-000055
- form_type: 8-K
- ticker: FVCB
- cik: 0001675644
- company_name: FVCBankcorp, Inc.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675644/000167564423000055/0001675644-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675644/000167564423000055/fvcb-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001675644-23-000055
- JSON: https://secwatch.observer/filing/0001675644-23-000055.json
- Plain text: https://secwatch.observer/filing/0001675644-23-000055.txt

## Key facts
- Earnings Releases
  FVCBankcorp, Inc. reported the first quarter of 2023 results: net income $621 thousand, EPS $0.03.
  - Period: the first quarter of 2023
  - Net income: $621 thousand
  - EPS: $0.03
  - Result: reported results
  source text: Net income for the first quarter of 2023 was $621 thousand, or $0.03 diluted earnings per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675644/000167564423000055/0001675644-23-000055-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.