FVCBankcorp Q2 net income falls to $4.2M ($0.23 EPS) from $6.4M YoY; deposits rise 14%

FVCBankcorp, Inc.

2023-Q2 EPS reported $0.27 revenue$695,000

Q2 2023 net income $4.2M, $0.23 diluted EPS, down 34% from $6.4M, $0.35 in Q2 2022.
Total deposits grew $257.9M (14%) from Dec 2022 to $2.09B; core deposits up 5% in quarter.
Uninsured deposits improved to 27.6% of total from 39.7% at Dec 2022; liquidity covers 172% of uninsured deposits.
Pre-tax pre-provision income increased 22% sequentially to $6.1M; nonperforming loans to assets fell to 0.06%.
Tangible common equity to total assets ratio rose to 9.22% from 8.92%; total risk-based capital 13.28%.

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 1.0

FVCBankcorp, Inc. reported the second quarter of 2023 results: net income $4.2 million, EPS $0.23 diluted earnings per share.

Period: the second quarter of 2023
Net income: $4.2 million
EPS: $0.23 diluted earnings per share
Result: reported results

Exact text from the filing

Net income for the second quarter of 2023 was $4.2 million, or $0.23 diluted earnings per share, compared to $6.4 million, or $0.35 diluted earnings per share, for the quarterly period ended June 30, 2022.

View on SEC.gov

Browse all earnings releases →

FVCBankcorp, Inc. filing history →

Source: SEC EDGAR

accession 0001675644-23-000093

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.