FVCBankcorp sells $61.4M low-yield securities, takes $8.5M loss to reposition balance sheet

FVCBankcorp, Inc.

Sold $61.4M book value AFS securities (1.54% avg yield); recorded $8.5M after-tax loss in Q4 2023.
Projected earn-back period less than three years; proceeds to reduce high-cost funding and fund loan growth.
Transaction neutral to tangible book value as loss already in AOCI; expected to be accretive to NIM and ROA.
Company remains well-capitalized; repositioning improves liquidity and positions for higher future earnings.

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