secwatch.observer — SEC 8-K summary
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Issuer:     FVCBankcorp, Inc. (FVCB)
CIK:        0001675644
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001675644-23-000114
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675644/000167564423000114/0001675644-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675644/000167564423000114/fvcb-20231024.htm
  HTML page:      https://secwatch.observer/filing/0001675644-23-000114

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer