secwatch.observer — SEC 8-K summary
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Issuer:     FVCBankcorp, Inc. (FVCB)
CIK:        0001675644
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001675644-24-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FVCBankcorp Q2 2024 net income $4.2M, up from $1.3M Q1; margin and deposits improve
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- Net income of $4.2M ($0.23 diluted EPS) in Q2 2024, up from $1.3M in linked Q1 2024.
- Net interest margin expanded 12 bps to 2.59%; net interest income rose $877K to $13.7M.
- Core deposits grew $121.5M (8%) in Q2; total deposits reached $1.97B, up 6% from Q1.
- Past-due loans fell 35% to $2.5M; net recoveries of $5K recorded in the quarter.
- Regulatory capital ratios remain well above well-capitalized thresholds; TCE/TA improved to 9.56%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675644/000167564424000142/0001675644-24-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675644/000167564424000142/fvcb-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001675644-24-000142

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