secwatch.observer — SEC 8-K summary
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Issuer:     FVCBankcorp, Inc. (FVCB)
CIK:        0001675644
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001675644-23-000093
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675644/000167564423000093/0001675644-23-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675644/000167564423000093/fvcb-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001675644-23-000093

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