{"schema_version":"secwatch.filing_event.v1","accession":"0001675644-24-000005","form_type":"8-K","ticker":"FVCB","cik":"0001675644","company_name":"FVCBankcorp, Inc.","filed_at":"2024-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.074414+00:00","generated_at":"2026-06-06T20:06:31.939528+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FVCBankcorp reports Q4 net loss of $5.1M on securities repositioning; full-year EPS drops to $0.21","bullets":["Q4 net loss of $5.1M ($0.28 diluted loss per share) vs net income of $4.9M ($0.27) in Q4 2022.","Full-year 2023 net income $3.8M ($0.21 diluted EPS) down from $25.0M ($1.35) in 2022.","Sold $61.4M of low-yield securities, recording $8.5M after-tax loss; reduces future interest rate risk.","Nonperforming loans fell 59% to $1.8M (0.08% of total assets); net charge-offs only $49k.","Cost actions: lease write-offs and severance reduce 2024 operating expenses by over $1.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0001675644-24-000005","json":"https://secwatch.observer/filing/0001675644-24-000005.json","markdown":"https://secwatch.observer/filing/0001675644-24-000005.md","text":"https://secwatch.observer/filing/0001675644-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1675644/000167564424000005/0001675644-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1675644/000167564424000005/fvcb-20240123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:06:31.939528+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9e44380830b0762e4906d0118d395b401c7ce579","claim":"FVCBankcorp, Inc. reported the fourth quarter and full year of 2023 results: net income net loss of $5.1 million, or $0.28 diluted loss per share, for the quarter ended December 31, 2023.","evidence_excerpt":"On January 23, 2024, FVCBankcorp, Inc. (the “Company”) issued a press release reporting its financial results for the period ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1675644/000167564424000005/0001675644-24-000005-index.htm","confidence":0.96,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year of 2023"},{"label":"Net income","value":"net loss of $5.1 million, or $0.28 diluted loss per share, for the quarter ended December 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}