FVCB Q3 net income falls to $4.0M ($0.22 EPS) from $7.0M ($0.38 EPS) YoY

FVCBankcorp, Inc.

2023-Q3 EPS reported $0.49 revenue$1,090,000

Net income $4.0M vs $7.0M YoY; diluted EPS $0.22 vs $0.38.
Net interest income $13.3M, down 24% YoY; NIM compressed to 2.39% from 3.38%.
Total loans decreased $54.3M in Q3; core deposits increased $38.7M to $1.71B.
Nonperforming loans improved to $1.5M (0.07% of assets) from $4.5M at Dec 2022.
Book value per share $11.87; tangible book $11.44; bank well-capitalized.

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 0.95

FVCBankcorp, Inc. reported third quarter of 2023 results: net income $4.0 million, EPS $0.22 diluted earnings per share.

Period: third quarter of 2023
Net income: $4.0 million
EPS: $0.22 diluted earnings per share
Result: reported results

Exact text from the filing

Net income for the third quarter of 2023 was $4.0 million, or $0.22 diluted earnings per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FVCBankcorp, Inc. reported nine months ended September 30, 2023 results: net income $8.9 million, EPS $0.49 diluted earnings per share.

Period: nine months ended September 30, 2023
Net income: $8.9 million
EPS: $0.49 diluted earnings per share
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2023, the Company reported net income of $8.9 million, or $0.49 diluted earnings per share

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FVCBankcorp, Inc. filing history →

Source: SEC EDGAR

accession 0001675644-23-000114

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