The market expects FVCBankcorp (FVCB) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they mi ...

FVCBankcorp (FVCB) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power o ...

Core Viewpoint - FVCBankcorp (FVCB) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimates - Analysts' optimism regarding FVCBankcorp's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3]. Current Quarter Estimates - For the current quarter, FVCBankcorp is expected to earn $0.28 per share, reflecting a year-over-year increase of +21.74% [6]. - The Zacks Consensus Estimate for the current quarter has risen by 7.41% over the last 30 days, with no negative revisions reported [6]. Current Year Estimates - The expected earnings for the full year are projected at $1.15 per share, representing a +21.05% change from the previous year [7]. - The consensus estimate for the current year has increased by 9.52%, with one estimate moving higher and no negative revisions [8]. Zacks Rank - FVCBankcorp currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions that could lead to significant outperformance compared to the S&P 500 [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the market [9]. Investment Outlook - FVCBankcorp's stock has risen by 8.1% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [10].

Financial Data and Key Metrics Changes - For the full year of 2024, the bank increased its net income by $11.2 million or 294% over 2023 [15] - Total assets increased by $8.5 million or 3.9% and total loans outstanding increased by $42 million or 3.3% [15] - For the first quarter of 2025, commercial bank operating earnings increased by 39% compared to the same quarter last year [16] - Return on average assets improved from 0.25% in Q1 2024 to 0.94% in Q1 2025 [16] - Pre-tax pre-provision return on average assets increased from 0.85% to 1.2% in Q1 2025 [16] Business Line Data and Key Metrics Changes - Net interest income improved by 18% and net interest margin improved by 15% compared to the year-ago quarter [15] - Tangible common equity reached $234.7 million on March 31, 2025, representing a 10.1% increase from the previous year [49] - Loans past due 30 days or more decreased by $7.2 million or 84% from $8.4 million at December 31, 2024 [49] Market Data and Key Metrics Changes - Total assets increased at an annual rate of 7.6% in Q1 2025, total loans increased at an annual rate of 2.5%, and total deposits increased at an annual rate of 7.7% [55] Company Strategy and Development Direction - The company emphasizes building long-term relationships with clients and utilizing technology to enhance performance [19][51] - Recent technology initiatives include partnerships with Clarivus for data analytics and the Q2 digital platform for online banking solutions [21][54] - The bank aims to continue growth and profitability through a relationship-driven strategy coupled with smart technology use [25] Management's Comments on Operating Environment and Future Outlook - Management reported strong credit quality and a well-capitalized balance sheet, indicating confidence in future earnings growth [16][17] - The bank's efficiency improved from 64% in 2023 to 58.1% in the most recent quarter, suggesting operational improvements [25] Other Important Information - The bank repurchased 415,000 shares of its common stock for an average price of $11.14 per share, with all repurchased shares canceled [18][50] - The Center for Disaster Philanthropy was awarded the 2025 El Burwell Gunn Citizenship Award for its community support efforts [26][27] Q&A Session Summary Question: Were there any questions regarding the election of directors? - No questions were raised regarding the election of directors [11] Question: Were there any questions about the compensation of executive officers? - No questions were raised regarding the compensation of executive officers [12] Question: Were there any questions about the appointment of the independent registered public accounting firm? - No questions were raised regarding the appointment of the independent registered public accounting firm [13]

Financial Performance - For the three months ended March 31, 2025, the company recorded net income of $5.2 million, or $0.28 diluted earnings per share, compared to $1.3 million, or $0.07 diluted earnings per share for the same period in 2024, representing an increase of $3.8 million [149]. - Net interest income for the three months ended March 31, 2025 was $15.1 million, an increase of $2.3 million, or 18%, compared to $12.8 million for the same period in 2024 [150]. - Noninterest income increased to $671 thousand for the three months ended March 31, 2025, up $276 thousand, or 70%, from $395 thousand in the same period of 2024 [150]. - Commercial bank operating earnings for the three months ended March 31, 2025 were $5.2 million, an increase of $1.4 million, or 38%, from $3.7 million in 2024 [152]. - Diluted commercial bank operating earnings per share for the three months ended March 31, 2025 were $0.28, compared to $0.20 for the same period in 2024 [152]. - Net income for the three months ended March 31, 2025, was $5.165 million, a significant increase from $1.340 million in the same period of 2024, representing a growth of 285% [156]. - Non-GAAP commercial bank operating earnings for the same period increased to $5.165 million from $3.726 million, reflecting a growth of 39% [156]. - Earnings per share (EPS) on a diluted basis increased to $0.28 for Q1 2025, compared to $0.07 in Q1 2024, marking a growth of 300% [156]. Credit and Risk Management - Provision for credit losses for the three months ended March 31, 2025 was $200 thousand, compared to none for the same period in 2024 [150]. - The provision for credit losses was recorded at $200 thousand for Q1 2025, compared to $0 for Q1 2024, indicating a proactive approach to managing credit risk [172]. - The allowance for credit losses as a percentage of total loans was 0.98% at March 31, 2025, slightly up from 0.97% at December 31, 2024 [172]. - Nonperforming loans at March 31, 2025 totaled $10.7 million, or 0.48% of total assets, down from $12.8 million, or 0.58% at December 31, 2024 [173][193]. - The company had $4.6 million in loans identified as special mention at March 31, 2025, an increase of $1.3 million from December 31, 2024 [194]. - The company recorded annualized net recoveries of (0.03)% for the three months ended March 31, 2025, compared to (0.01)% for the same period in 2024 [196]. - Total nonperforming loans (NPLs) decreased to $10.747 billion at March 31, 2025, from $12.860 billion at December 31, 2024, representing a reduction of approximately 16.4% [198]. - The allowance for credit losses on loans to NPLs increased to 171.42% at March 31, 2025, compared to 140.97% at December 31, 2024, indicating a more conservative approach to credit risk management [198]. Asset and Liability Management - Average loans receivable increased by $25.7 million to $1.87 billion in Q1 2025, with the yield on average loans rising 19 basis points to 5.69% [165]. - Total average interest-bearing liabilities increased by $48.6 million to $1.58 billion in Q1 2025, while interest expense decreased by $530 thousand to $13.5 million [167]. - Average interest-earning assets increased by $69.8 million, or 3%, to $2.15 billion in Q1 2025 compared to Q1 2024 [164]. - The commercial real estate loan portfolio totaled $1.01 billion, accounting for 54% of total loans as of March 31, 2025, down from $1.04 billion or 56% at December 31, 2024 [198]. - Loans secured by retail properties amounted to $244.9 million, representing 13% of total loans at March 31, 2025 [198]. - The commercial real estate and construction loans, net of fees, totaled $1.175 billion at March 31, 2025, down from $1.200 billion at December 31, 2024 [201]. Deposits and Equity - Total deposits increased by $36.0 million, or 2%, to $1.91 billion at March 31, 2025, from $1.87 billion at December 31, 2024 [186]. - Noninterest-bearing demand deposits were $367.1 million at March 31, 2025, representing 19.3% of total deposits [224]. - Total shareholders' equity increased by $7.0 million to $242.3 million at March 31, 2025, with net income contributing $5.2 million to this increase [236]. - The estimated amount of total uninsured deposits was $777.9 million, or 41% of total deposits, as of March 31, 2025 [227]. - Time deposits increased by $26.8 million, or 11%, to $274.9 million at March 31, 2025, from $248.2 million at December 31, 2024 [224]. - Total stockholders' equity increased to $242.3 million in 2025 from $235.4 million in 2024, reflecting a growth of approximately 3.7% [245]. - Tangible Common Equity rose to $234.9 million in 2025, up from $227.9 million in 2024, indicating a growth of about 3.1% [245]. Investment Securities - The investment securities portfolio's fair value increased to $158.7 million at March 31, 2025, up by $2.2 million or 1% from $156.5 million at December 31, 2024 [216]. - The weighted average yield of total investment securities was 1.94% at March 31, 2025, compared to 1.92% at December 31, 2024 [223]. - The majority of the investment securities portfolio consists of securities rated AAA, indicating low investment risk [217]. - The effective duration of the investment securities portfolio is slightly over five years, which is within the industry average [217]. Liquidity Management - Liquid assets totaled $282.6 million as of March 31, 2025, representing 13% of total assets, an increase from $247.4 million (11% of total assets) at December 31, 2024 [249]. - The liquidity management program includes stress testing under various scenarios to ensure sufficient resources to meet liquidity needs [254]. - The Bank maintains secured lines of credit with the FRB and FHLB, allowing borrowing up to the allowable amount for the collateral pledged [248]. - The Bank has secured borrowings of $130 million from the FHLB, with a portion of the commercial real estate and residential loan portfolio pledged as collateral [252]. - Investment securities available-for-sale pledged as collateral for municipal deposits were $20.2 million at March 31, 2025, down from $55.1 million at December 31, 2024 [249].

FVCBankcorp (FVCB) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.26, delivering a surprise of 4%.Over the last four quarters, the company has surp ...

Exhibit 99.1 PRESS RELEASE For further information, contact: David W. Pijor, Esq., Chairman and Chief Executive Officer Phone: (703) 436-3802 Email: dpijor@fvcbank.com Patricia A. Ferrick, President Phone: (703) 436-3822 Email: pferrick@fvcbank.com FOR IMMEDIATE RELEASE – April 22, 2025 FVCBankcorp, Inc. Announces First Quarter 2025 Earnings; Fifth Consecutive Quarter of Improved Profitability and Margin Fairfax, VA-FVCBankcorp, Inc. (NASDAQ: FVCB) (the "Company") today reported its financial results for th ...

Financial Performance - Net income for 2024 was $15.1 million, a significant increase from $3.8 million in 2023, with commercial bank operating earnings rising to $17.4 million from $16.3 million[222]. - Net income for 2024 was $15.1 million, or $0.82 per diluted common share, compared to $3.8 million, or $0.21 per diluted common share in 2023[229]. - Return on average assets improved to 0.69% for 2024, up from 0.17% in 2023, and return on average equity increased to 6.64% from 1.82%[224]. - Noninterest income for 2024 was $2.5 million, a recovery from a loss of $13.4 million in 2023, primarily due to prior year losses on securities[222]. - Noninterest income for 2024 was $2.5 million, a significant recovery from a loss of $13.4 million in 2023, primarily due to previous losses on available-for-sale securities[230]. - Total noninterest income for the year ended December 31, 2024 was $2.5 million, compared to a loss of $13.4 million for the same period in 2023, marking a significant recovery[256]. Asset and Loan Growth - Total assets increased to $2.20 billion, up $8.4 million from December 31, 2023[222]. - Total loans increased by $41.7 million, or 2%, with nonperforming loans at 0.58% of total assets as of December 31, 2024, compared to 0.08% in 2023[222]. - Loans receivable increased by $41.7 million, or 2%, to $1.87 billion at December 31, 2024, from $1.83 billion at December 31, 2023[267]. - Average loans receivable increased by $21.2 million to $1.87 billion for the year ended December 31, 2024, with the yield on average loans rising 39 basis points to 5.71%[242]. - Commercial and industrial loans increased by $116.8 million, or 53%, to $336.7 million at December 31, 2024, from $219.9 million at December 31, 2023[269]. Interest Income and Expense - Net interest income rose by $1.2 million, or 2%, to $55.6 million, with a net interest margin of 2.62%, an increase of 13 basis points from 2023[222]. - Net interest income increased by $1.2 million to $55.6 million in 2024, up from $54.4 million in 2023[230]. - Total interest income rose by $6.7 million, or 6%, to $113.3 million for the year ended December 31, 2024, compared to $106.6 million for 2023[241]. - Interest income on loans increased by $8.3 million, while interest expense on deposits rose by $5.9 million in 2024 compared to 2023[222]. Noninterest Expense and Efficiency - Noninterest expense decreased by $842 thousand, or 2%, to $35.8 million, attributed to reduced staffing and process improvements[222]. - Noninterest expense decreased by $842 thousand, or 2%, to $35.8 million in 2024, driven by a reduction in salaries and benefits[231]. - Total noninterest expense decreased by $1.0 million, or 2.7%, to $35.8 million in 2024 from $36.7 million in 2023[262]. - Salaries and employee benefits expense decreased by $1.9 million, or 9.2%, to $18.8 million in 2024 compared to $20.6 million in 2023, primarily due to reduced staffing[263]. - The efficiency ratio improved significantly to 61.63% in 2024 from 89.36% in 2023[227]. Credit Quality - The provision for credit losses was $6 thousand in 2024, down from $132 thousand in 2023, reflecting improved credit quality[222]. - Nonperforming loans totaled $12.9 million, or 0.58% of total assets, at December 31, 2024, compared to $1.8 million, or 0.08%, at December 31, 2023[251]. - The allowance for credit losses was $18.1 million at December 31, 2024, down from $18.9 million at December 31, 2023, with the allowance as a percent of total loans at 0.97%[250]. - The allowance for credit losses on loans was $18.129 million as of December 31, 2024, compared to $18.871 million in 2023, indicating a reduction of 3.9%[295]. - The net charge-offs for the total loan portfolio in 2024 were $840 thousand, with a percentage of net charge-offs to average loans outstanding during the year at 0.04%[293]. Deposits and Equity - Total deposits grew to $1,870,605 thousand in 2024, compared to $1,845,292 thousand in 2023[227]. - Total deposits increased by $25.3 million, or 1%, to $1.87 billion at December 31, 2024, from $1.85 billion at December 31, 2023[265]. - Total shareholders' equity increased by $18.2 million to $235.4 million at December 31, 2024, with net income contributing $15.1 million to this increase[318]. - The common equity tier 1 capital ratio was 13.74% at December 31, 2024, exceeding the minimum requirement of 7.00%[324]. - Estimated total uninsured deposits were $763.1 million, or 40.8% of total deposits, at December 31, 2024[309]. Investment Securities - The fair value of investment securities available-for-sale decreased by $15.1 million, or 9%, from $170.6 million in 2023 to $156.5 million in 2024[297]. - The investment securities portfolio primarily consists of AAA-rated securities, indicating a low degree of investment risk[298]. - The effective duration of the investment securities portfolio is slightly over five years, aligning with the industry average[298]. - Average investment securities decreased by $79.0 million to $208.4 million for the year ended December 31, 2024, with the yield on these securities increasing 14 basis points to 2.09%[243]. Liquidity and Funding - Liquid assets totaled $247.4 million at December 31, 2024, representing 11% of total assets, an increase from $232.1 million at December 31, 2023[330]. - The Bank has secured borrowings of $130 million from the FHLB as of December 31, 2024[333]. - The Bank maintains a liquidity contingency plan and stress tests its liquidity position under various scenarios[334]. - The Bank's liquidity could be impaired by market disruptions or unforeseen cash outflows, but it currently believes it has a healthy liquidity position[335]. - The maximum exposure to credit loss from off-balance-sheet financial instruments is represented by the contractual amounts of those instruments[338].

Core Viewpoint - FVCBankcorp reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of $0.25 per share, and showing an increase from $0.21 per share a year ago, indicating a positive earnings surprise of 4% [1][2] Financial Performance - The company posted revenues of $15.37 million for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 0.74%, and a significant increase from $2.8 million in the same quarter last year [2] - Over the last four quarters, FVCBankcorp has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance - FVCBankcorp shares have declined approximately 7.7% since the beginning of the year, contrasting with the S&P 500's gain of 3.5% [3] - The current Zacks Rank for FVCBankcorp is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $15.54 million, and for the current fiscal year, it is $1.06 on revenues of $65.51 million [7] - The trend of estimate revisions for FVCBankcorp is mixed, which could change following the recent earnings report [6] Industry Context - The Banks - Southeast industry, to which FVCBankcorp belongs, is currently ranked in the top 20% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]

Financial Performance - For Q4 2024, the company reported net income of $4.9 million, or $0.26 diluted earnings per share, compared to a net loss of $5.1 million, or $0.28 diluted loss per share in Q4 2023[5]. - For the full year 2024, net income increased to $15.1 million, or $0.82 diluted earnings per share, up from $3.8 million, or $0.21 diluted earnings per share in 2023, representing an increase of $11.2 million[6]. - The company recorded net income of $4.9 million for Q4 2024, a significant improvement from a loss of $5.1 million in Q4 2023, representing a turnaround of $10 million year-over-year[25]. - Net income for the year ended December 31, 2024, was $15.1 million, compared to $3.8 million in 2023[46]. - The company reported a net income of $15,064 million for the year ended December 31, 2024, a 294.1% increase compared to $3,822 million in the previous year[54]. Interest Income and Expenses - Net interest income for Q4 2024 rose by $2.3 million, or 18%, to $14.9 million, with a net interest margin improvement of 40 basis points, or 17%, to 2.77% compared to Q4 2023[6]. - Net interest income increased by $2.3 million, or 18%, to $14.9 million for Q4 2024 compared to $12.7 million in Q4 2023, primarily due to higher loan interest income[26]. - Interest income for Q4 2024 increased by $2.6 million, or 10%, to $29.3 million compared to Q4 2023, driven by an 11% increase in loan interest income[28]. - For the twelve months ended December 31, 2024, net interest income was $55.6 million, a 2% increase from $54.4 million in 2023[31]. - For the year ended December 31, 2024, net interest income was $55,589 million, a 2.2% increase from the previous year[54]. Asset and Loan Growth - Total assets increased to $2.20 billion at December 31, 2024, up from $2.19 billion at December 31, 2023, reflecting an increase of $8.4 million[11]. - Loans receivable increased by $41.7 million, or 2%, to $1.87 billion at December 31, 2024, with loan originations totaling $36.5 million at a weighted average rate of 7.84%[12]. - Total assets as of December 31, 2024, were $2.20 billion, slightly up from $2.19 billion at the end of 2023[46]. - For the three months ended December 31, 2024, total loans amounted to $1,875,328 thousand, generating interest income of $27,516 thousand with a yield of 5.87%[56]. Deposits and Equity - Total deposits rose to $1.87 billion at December 31, 2024, an increase of $25.3 million from the previous year, with noninterest-bearing deposits decreasing by $31.1 million[14]. - Shareholders' equity increased by $18.2 million, or 8%, to $235.4 million at December 31, 2024, driven by earnings and stock options exercised[16]. - Shareholders' equity increased by 2.0% to $235,354,000 compared to the previous quarter[49]. Noninterest Income and Expenses - Noninterest income for Q4 2024 totaled $452 thousand, a recovery from a loss of $9.9 million in Q4 2023[32]. - For the year ended December 31, 2024, noninterest income was $2.5 million, a significant recovery from a loss of $13.4 million in 2023[34]. - Noninterest expense for Q4 2024 totaled $9.0 million, a decrease of $400 thousand, or 4%, from $9.4 million in Q4 2023[35]. - For the year ended December 31, 2024, noninterest expense was $35.8 million, a decrease of $842 thousand, or 2%, from $36.7 million in 2023[37]. Credit Quality - The allowance for credit losses decreased to $18.1 million at December 31, 2024, with the ACL to total loans ratio at 0.97%[19]. - Nonaccrual loans totaled $12.8 million, or 0.58% of total assets, at December 31, 2024, compared to $1.8 million, or 0.08% of total assets, at the end of 2023[20]. - The provision for credit losses for the year ended December 31, 2024, was $6 million, a 95.5% decrease from $132 million in the previous year[54]. Efficiency and Ratios - The efficiency ratio for core bank operating earnings was 58.6% in Q4 2024, improving from 65.8% in Q4 2023[38]. - Adjusted Return on average assets increased to 0.90% from 0.68% year-over-year[47]. - The adjusted efficiency ratio (non-GAAP) improved to 61.63% for the year ended December 31, 2024, from 63.97% in the previous year[55].