FAIRFAX, Va.--(BUSINESS WIRE)--As the United States approaches the historic milestone of its 250th anniversary in 2026, FVCbank today announced the launch of America250, a year-long initiative designed to honor the enduring values that have shaped the nation for nearly two and a half centuries. Through a thoughtful series of social media posts, website highlights, radio spots, and other marketing channels, FVCbank will reflect on the principles of leadership, integrity, enterprise, stewardship,. ...

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 – January 20, 2026 FVCBankcorp, Inc. Announces Fourth Quarter and Full Year 2025 Earnings; 46% Increase in Net Income Compared to Prior Year Fairfax, VA-FVCBankcorp, Inc. (NASDAQ: FVCB) (the "Company") today reported net income of $5.6 milli ...

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Core Points - Morningstar DBRS assigned initial Long-Term Issuer Ratings of BBB (low) to FVCBankcorp, Inc. and BBB to its subsidiary FVCbank, both with a Stable outlook [1][3] - The ratings reflect the company's solid asset quality, capital levels, and strong client relationships, supported by conservative loan underwriting [3] - FVCBankcorp, Inc. reported a net income of $5.6 million for the quarter ended September 30, 2025, representing a 19% increase from $4.7 million in the same quarter of 2024 [7] - The company declared a cash dividend of $0.06 per share, payable on November 17, 2025, to shareholders of record on October 27, 2025 [8] Company Overview - FVCBankcorp, Inc. is the holding company for FVCbank, a Virginia-chartered community bank with assets of $2.32 billion, serving commercial businesses and nonprofit organizations in the greater Baltimore and Washington, D.C. areas [4] - The bank has been operational since November 2007 and has eight full-service offices located in Virginia, Washington, D.C., and Maryland [4]

Financial Performance - Net income for Q3 2025 was $5.6 million, or $0.31 diluted earnings per share, representing a 19% increase from $4.7 million, or $0.25 diluted earnings per share in Q3 2024[162]. - For the nine months ended September 30, 2025, net income was $16.4 million, or $0.90 diluted earnings per share, compared to $10.2 million, or $0.55 diluted earnings per share in the same period of 2024[165]. - Core operating earnings for the nine months ended September 30, 2025, were $16.3 million, up from $12.6 million in 2024, representing a 29.4% increase[168]. - Diluted core operating earnings per share for the nine months ended September 30, 2025, were $0.89, compared to $0.68 in 2024, an increase of 30.9%[169]. Interest Income and Expenses - Net interest income increased by $1.8 million, or 13%, to $16.0 million for Q3 2025 compared to $14.2 million in Q3 2024[163]. - Net interest income for the nine months ended September 30, 2025 was $46.8 million, an increase of $6.2 million, or 15%, from $40.7 million in the same period of 2024[166]. - Total interest income increased by $594 thousand, or 2%, to $29.8 million for the three months ended September 30, 2025, compared to $29.2 million in 2024[182]. - Interest expense on average interest-bearing deposits decreased by $813 thousand to $38.8 million for the nine months ended September 30, 2025, compared to $39.6 million for the same period in 2024[200]. Credit Losses and Provisions - Provision for credit losses for Q3 2025 was $375 thousand, compared to a $200 thousand release in Q3 2024[163]. - Provision for credit losses for the nine months ended September 30, 2025 was $680 thousand, compared to $6 thousand in the same period of 2024[167]. - The provision for credit losses was $375 thousand and $680 thousand for the three and nine months ended September 30, 2025, respectively, compared to a release of provision totaling $200 thousand and $6 thousand for the same periods in 2024[204]. Asset and Loan Performance - Total assets increased by $120.1 million to $2.32 billion as of September 30, 2025, compared to $2.20 billion at December 31, 2024[222]. - Total loans, net of fees, were $1.86 billion at September 30, 2025, a slight decrease from $1.87 billion at December 31, 2024[223]. - Average loans receivable decreased by $49.6 million to $1.83 billion for the three months ended September 30, 2025, compared to $1.88 billion in 2024[183]. - Commercial and industrial loans increased by 15% to $386.1 million at September 30, 2025, from $336.7 million at December 31, 2024[225]. Deposits and Equity - Total deposits rose by $107.3 million to $1.98 billion at September 30, 2025, up from $1.87 billion at December 31, 2024[222]. - Core deposits, excluding wholesale deposits, rose by $122.2 million, or 8%, for the nine months ended September 30, 2025[257]. - Total shareholders' equity at September 30, 2025, was $249.8 million, an increase of $14.5 million from $235.4 million at December 31, 2024[268]. - Common equity tier 1 capital ratio was 14.78% at September 30, 2025, exceeding the minimum requirement of 7.00%[273]. Noninterest Income and Expenses - Noninterest income rose to $1.0 million in Q3 2025, up $218 thousand, or 27%, from $815 thousand in Q3 2024[163]. - Noninterest income for the nine months ended September 30, 2025 was $2.7 million, an increase of $630 thousand, or 30%, from $2.1 million in the same period of 2024[167]. - Total noninterest expense was $9.5 million for the three months ended September 30, 2025, an increase of $277 thousand, or 3%, compared to $9.2 million for the same period in 2024[216]. Tax and Effective Rates - The effective tax rate for the three months ended September 30, 2025, was 22.7%, compared to 22.6% for the same period in 2024[219]. - The provision for income taxes for the nine months ended September 30, 2025, was $4.4 million, down from $5.8 million for the same period in 2024, which included $2.4 million in taxes related to the surrender of BOLI policies[220]. Liquidity and Contingency Plans - The Bank has established a formal liquidity contingency plan to manage liquidity effectively and stress test under various scenarios[286]. - Total liquidity in use as of September 30, 2025, included $130 million in FHLB secured borrowings[283]. - The liquidity management program aims to ensure sufficient resources to meet the demands of depositors and borrowers[278].

Core Viewpoint - FVCBankcorp reported quarterly earnings of $0.31 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.25 per share a year ago [1]. Financial Performance - The company posted revenues of $17.07 million for the quarter ended September 2025, which was a slight miss against the Zacks Consensus Estimate by 0.14%, but an increase from $15.03 million year-over-year [2]. - Over the last four quarters, FVCBankcorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2][1]. Stock Performance - FVCBankcorp shares have declined approximately 3.7% since the beginning of the year, contrasting with the S&P 500's gain of 14.5% [3]. - The current Zacks Rank for FVCBankcorp is 3 (Hold), indicating 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 $0.31 on revenues of $17.28 million, and for the current fiscal year, it is $1.21 on revenues of $66.7 million [7]. - The estimate revisions trend for FVCBankcorp was mixed ahead of the earnings release, which may change following the recent report [6]. Industry Context - The Banks - Southeast industry, to which FVCBankcorp belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].

[Press Release Overview](index=1&type=section&id=Press%20Release%20Overview) This section provides contact information and a headline summary of FVCBankcorp, Inc.'s financial performance for the third quarter and year-to-date 2025 [Contact Information](index=1&type=section&id=Contact%20Information) The press release provides contact details for David W. Pijor, Esq., Chairman and Chief Executive Officer, and Patricia A. Ferrick, President, for further information - Contact information for **David W. Pijor, Esq., Chairman and Chief Executive Officer**, and **Patricia A. Ferrick, President**, is provided for inquiries[2](index=2&type=chunk) [Headline Summary](index=1&type=section&id=Headline%20Summary) FVCBankcorp, Inc. announced a 19% increase in quarterly net income and a 61% increase in year-to-date net income for the period ended September 30, 2025 - FVCBankcorp, Inc. reported a **significant increase in net income** for both the quarter and year-to-date periods ending September 30, 2025[2](index=2&type=chunk) | Metric | Q3 2025 | Q3 2024 | Change ($) | Change (%) | | :----- | :------ | :------ | :--------- | :--------- | | Net Income | $5.6 million | $4.7 million | $910 thousand | 19% | | Diluted EPS | $0.31 | $0.25 | - | 24% | [Third Quarter 2025 Financial Highlights](index=1&type=section&id=Third%20Quarter%202025%20Financial%20Highlights) This section details FVCBankcorp, Inc.'s financial performance for the third quarter of 2025, covering earnings, margin, deposits, credit quality, and capital position [Core Operating Earnings](index=1&type=section&id=Core%20Operating%20Earnings) Core operating earnings, a non-GAAP measure excluding nonrecurring gains, increased to $5.6 million for Q3 2025, up 19% from the prior year quarter and slightly from the linked quarter | Metric | Q3 2025 | Q2 2025 | Q3 2024 | YoY Change (%) | | :-------------------- | :---------- | :---------- | :---------- | :------------- | | Core Operating Earnings | $5.6 million | $5.5 million | $4.7 million | 19% | | Net Income (GAAP) | $5.6 million | $5.7 million | $4.7 million | 19% | [Net Interest Margin and Income Improvement](index=1&type=section&id=Net%20Interest%20Margin%20and%20Income%20Improvement) Net interest margin improved for the seventh consecutive quarter to 2.91% in Q3 2025, a 10% increase year-over-year, driving a 13% increase in net interest income to $16.0 million | Metric | Q3 2025 | Q2 2025 | Q3 2024 | YoY Change (%) | | :---------------- | :------ | :------ | :------ | :------------- | | Net Interest Margin | 2.91% | 2.90% | 2.64% | 10% (27 bps) | | Net Interest Income | $16.0 million | $15.7 million | $14.2 million | 13% ($1.8 million) | [Core Deposit Growth](index=1&type=section&id=Core%20Deposit%20Growth) Core deposits, excluding wholesale deposits, grew by $122.2 million, or 10% annualized, to $1.74 billion at September 30, 2025, demonstrating strong customer base expansion | Metric | Sep 30, 2025 | Dec 31, 2024 | Change ($) | Annualized Change (%) | | :------------ | :----------- | :----------- | :--------- | :-------------------- | | Core Deposits | $1.74 billion | $1.62 billion | $122.2 million | 10% | | Total Deposits | $1.98 billion | $1.90 billion | $74.4 million | 4% (QoQ) | [Credit Quality](index=1&type=section&id=Credit%20Quality) The Company maintained strong credit quality, with loans past due 30 days or more decreasing by 68% to $880 thousand and nonperforming loans decreasing by 14% to $11.1 million at September 30, 2025 | Metric | Sep 30, 2025 | Jun 30, 2025 | Dec 31, 2024 | Change (QoQ) | Change (YoY) | | :-------------------------- | :----------- | :----------- | :----------- | :----------- | :----------- | | Loans past due 30+ days | $880 thousand | $2.8 million | - | -68% | - | | Nonperforming Loans | $11.1 million | - | $12.9 million | - | -14% | | Nonperforming Loans to Total Assets | 0.48% | - | 0.58% | - | -0.10% | [Capital Position](index=1&type=section&id=Capital%20Position) FVCbank remained well-capitalized, with its total risk-based capital ratio increasing to 15.77% and tangible common equity to tangible assets ratio improving to 11.04% at September 30, 2025 | Metric | Sep 30, 2025 | Dec 31, 2024 | Change (bps) | | :------------------------------------ | :----------- | :----------- | :----------- | | Total Risk-Based Capital to Risk-Weighted Assets | 15.77% | 14.73% | +104 | | Tangible Common Equity to Tangible Assets | 11.04% | 10.87% | +17 | [Quarterly Cash Dividend](index=1&type=section&id=Quarterly%20Cash%20Dividend) The Company declared a quarterly cash dividend of $0.06 per common share, payable on November 17, 2025, reflecting a commitment to shareholder value - A quarterly cash dividend of **$0.06 per common share** was declared on October 16, 2025, payable November 17, 2025, totaling approximately **$1.1 million**[4](index=4&type=chunk)[5](index=5&type=chunk) [Year-to-Date 2025 Financial Highlights](index=2&type=section&id=Year-to-Date%202025%20Financial%20Highlights) This section summarizes FVCBankcorp, Inc.'s year-to-date financial performance for 2025, focusing on net income, core operating earnings, and pre-tax pre-provision operating earnings [Net Income and Core Operating Earnings](index=2&type=section&id=Net%20Income%20and%20Core%20Operating%20Earnings) For the nine months ended September 30, 2025, net income surged by 61% to $16.4 million, while core operating earnings (non-GAAP) increased by 30% to $16.3 million, excluding nonrecurring items | Metric | 9M 2025 | 9M 2024 | Change ($) | Change (%) | | :-------------------------- | :---------- | :---------- | :--------- | :--------- | | Net Income (GAAP) | $16.4 million | $10.2 million | $6.2 million | 61% | | Diluted EPS (GAAP) | $0.90 | $0.55 | - | 64% | | Core Operating Earnings (Non-GAAP) | $16.3 million | $12.6 million | $3.7 million | 30% | - Nonrecurring items included a **$154 thousand gain** from unwinding interest rate swaps in Q2 2025 and a **$2.4 million tax provision increase** in 2024 related to BOLI surrender[6](index=6&type=chunk) [Pre-Tax Pre-Provision Operating Earnings](index=2&type=section&id=Pre-Tax%20Pre-Provision%20Operating%20Earnings) Pre-tax pre-provision operating earnings (non-GAAP) increased 6% quarter-over-quarter to $7.6 million and 30% year-over-year to $7.6 million for Q3 2025, indicating strong underlying operational performance | Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change (%) | YoY Change (%) | | :------------------------------------ | :---------- | :---------- | :---------- | :------------- | :------------- | | Pre-Tax Pre-Provision Operating Earnings | $7.6 million | $7.2 million | $5.8 million | 6% | 30% | [Management Commentary](index=2&type=section&id=Management%20Commentary) Management highlighted continued earnings improvement, strong core deposit growth supporting future loan growth, disciplined risk management, and a commitment to shareholder value through dividends. Emphasis was also placed on technology solutions for efficiency and relationship banking for core deposit growth - Chairman and CEO **David W. Pijor** noted improved earnings metrics, **1.00% annualized return on average assets**, and **$122 million (8%) core deposit growth** since December 31, 2024, supporting anticipated Q4 loan growth, also emphasizing disciplined loan growth and the approved quarterly cash dividend[9](index=9&type=chunk) - President **Patricia A. Ferrick** highlighted an improved efficiency ratio due to technology solutions and managed operating expenses, also focusing on core deposit growth through relationship banking and anticipated strong Q4 loan originations with positive margin impact from repricing loans[9](index=9&type=chunk) [Statement of Condition (Balance Sheet Analysis)](index=2&type=section&id=Statement%20of%20Condition%20%28Balance%20Sheet%20Analysis%29) This section analyzes the Company's balance sheet, detailing changes in total assets, loans, investment securities, deposits, wholesale funding, shareholders' equity, and regulatory capital ratios [Total Assets](index=2&type=section&id=Total%20Assets) Total assets increased by $120.1 million, or 5%, to $2.32 billion at September 30, 2025, compared to December 31, 2024, and grew 4% from the linked quarter | Metric | Sep 30, 2025 | Dec 31, 2024 | Jun 30, 2025 | Change (YoY) | Change (QoQ) | | :---------- | :----------- | :----------- | :----------- | :----------- | :----------- | | Total Assets | $2.32 billion | $2.20 billion | $2.24 billion | +5% | +4% | [Loans Receivable](index=2&type=section&id=Loans%20Receivable) Loans receivable, net of deferred fees, remained stable at $1.86 billion at September 30, 2025. The company originated $87.3 million in new loans during Q3 2025, with a weighted average rate of 7.97%, and $50 million of approved loans closed in October at 9.74% | Metric | Sep 30, 2025 | Dec 31, 2024 | Sep 30, 2024 | | :-------------------------- | :----------- | :----------- | :----------- | | Loans Receivable, Net of Fees | $1.86 billion | $1.87 billion | $1.87 billion | - Q3 2025 loan originations totaled **$87.3 million** (weighted average rate **7.97%**), while **$84.0 million** in existing loans paid off (weighted average rate **6.48%**), with **$50 million** of new loans at a **9.74% weighted average rate** closing in October[11](index=11&type=chunk) - The warehouse lending facility slightly decreased by **$2.2 million** to **$50.3 million**, with a weighted average yield of **6.31%** for Q3 2025[12](index=12&type=chunk) [Investment Securities](index=3&type=section&id=Investment%20Securities) Investment securities were $157.2 million at September 30, 2025, a slight increase from December 31, 2024, primarily due to a decrease in unrealized losses and security purchases, offset by principal repayments | Metric | Sep 30, 2025 | Dec 31, 2024 | Sep 30, 2024 | | :------------------ | :----------- | :----------- | :----------- | | Investment Securities | $157.2 million | $156.7 million | $165.3 million | - The increase in investment securities for the nine months ended September 30, 2025, was driven by an **$8.5 million decrease in unrealized losses** and **$2.9 million in security purchases**, partially offset by **$10.9 million in principal repayments**[13](index=13&type=chunk) [Deposits](index=3&type=section&id=Deposits) Total deposits reached $1.98 billion at September 30, 2025, with core deposits increasing by $122.2 million, or 8%, for the nine months ended September 30, 2025. Noninterest-bearing deposits also grew by 5% quarter-over-quarter | Metric | Sep 30, 2025 | Dec 31, 2024 | Sep 30, 2024 | 9M Change (%) | | :---------------------- | :----------- | :----------- | :----------- | :------------ | | Total Deposits | $1.98 billion | $1.87 billion | $1.96 billion | +0.9% (YoY) | | Core Deposits | $1.74 billion | $1.62 billion | - | +8% (9M) | | Noninterest-Bearing Deposits | $374.4 million | $365.7 million | $357.0 million | +5% (QoQ) | - Reciprocal deposits through the IntraFi Network, considered core deposits, totaled **$281.7 million** at September 30, 2025, up from **$269.7 million** at December 31, 2024[14](index=14&type=chunk) [Wholesale Funding](index=3&type=section&id=Wholesale%20Funding) Wholesale funding decreased by $15.0 million, or 5%, to $284.9 million at September 30, 2025, primarily due to core deposit growth allowing the unwinding of interest rate swaps | Metric | Sep 30, 2025 | Dec 31, 2024 | Change ($) | Change (%) | | :--------------- | :----------- | :----------- | :--------- | :--------- | | Wholesale Funding | $284.9 million | $299.9 million | -$15.0 million | -5% | | Wholesale Deposits | $234.9 million | $249.9 million | -$15.0 million | -6% | | Other Borrowed Funds | $50.0 million | $50.0 million | $0 | 0% | - The Company unwound **$15 million of pay-fixed/receive floating interest rate swaps** in Q2 2025, resulting in a **$154 thousand gain** recorded in non-interest income, driven by core deposit growth[15](index=15&type=chunk) [Shareholders' Equity and Tangible Book Value](index=3&type=section&id=Shareholders%27%20Equity%20and%20Tangible%20Book%20Value) Shareholders' equity increased by 6% to $249.8 million at September 30, 2025, primarily from earnings, despite share repurchases. Tangible book value per share also improved to $13.41 | Metric | Sep 30, 2025 | Dec 31, 2024 | Change ($) | Change (%) | | :---------------------- | :----------- | :----------- | :--------- | :--------- | | Shareholders' Equity | $249.8 million | $235.4 million | $14.5 million | +6% | | Tangible Book Value Per Share | $13.41 | $12.52 | $0.89 | +7.1% | | Tangible Book Value Per Share (excl. AOCI) | $14.57 | $13.80 | $0.77 | +5.6% | - Earnings contributed **$16.4 million** to shareholders' equity, while **415,000 shares** were repurchased for **$4.6 million** in Q2 2025, and accumulated other comprehensive loss decreased by **$2.6 million** due to increased fair value of available-for-sale investment securities[16](index=16&type=chunk) [Regulatory Capital Ratios](index=3&type=section&id=Regulatory%20Capital%20Ratios) The Bank remained well-capitalized, with all regulatory capital ratios exceeding required thresholds. The total risk-based capital ratio was 15.77%, common equity tier 1 risk-based capital ratio was 14.78%, and tier 1 leverage ratio was 12.13% at September 30, 2025 | Capital Ratio | Sep 30, 2025 | Dec 31, 2024 | | :------------------------------------ | :----------- | :----------- | | Total Risk-Based Capital Ratio | 15.77% | 14.73% | | Common Equity Tier 1 Risk-Based Capital Ratio | 14.78% | 13.74% | | Tier 1 Leverage Ratio | 12.13% | 11.74% | [Asset Quality Review](index=3&type=section&id=Asset%20Quality%20Review) This section reviews the Company's asset quality, including provision for credit losses, nonperforming loans, and the composition of its loan portfolio [Provision for Credit Losses](index=3&type=section&id=Provision%20for%20Credit%20Losses) The Company recorded a provision for credit losses of $375 thousand for Q3 2025 and $680 thousand for the nine months ended September 30, 2025. The Allowance for Credit Losses (ACL) to total loans remained stable at 0.97% | Metric | Q3 2025 | 9M 2025 | Q3 2024 | 9M 2024 | | :-------------------------- | :-------- | :-------- | :-------- | :-------- | | Provision for Credit Losses | $375 thousand | $680 thousand | -$200 thousand (release) | $6 thousand | | ACL to Total Loans | 0.97% | - | 0.97% | - | | Net Charge-offs (annualized) | $498 thousand (0.11%) | $876 thousand (0.06%) | -$63 thousand (-0.01%) | -$68 thousand (-0.01%) | - Net charge-offs for Q3 2025 were primarily from one unsecured small business loan, not indicative of systemic credit quality issues[19](index=19&type=chunk) [Nonperforming Loans and Assets](index=4&type=section&id=Nonperforming%20Loans%20and%20Assets) Nonperforming loans decreased by 14% to $11.1 million, or 0.48% of total assets, at September 30, 2025, driven by payoffs and a decrease in past due loans. Watchlist loans increased slightly | Metric | Sep 30, 2025 | Dec 31, 2024 | Change ($) | Change (%) | | :-------------------------- | :----------- | :----------- | :--------- | :--------- | | Nonperforming Loans | $11.1 million | $12.8 million | -$1.7 million | -14% | | Nonperforming Loans to Total Assets | 0.48% | 0.58% | - | -0.10% | | Total Watchlist Loans | $15.1 million | $14.5 million | +$0.6 million | +4% | - The decrease in nonperforming loans was due to **$902 thousand in nonaccrual loan payoffs** and a **$738 thousand decrease in loans past due over 90 days**[20](index=20&type=chunk) - The Company had **no other real estate owned** at September 30, 2025, and December 31, 2024[21](index=21&type=chunk) [Loan Portfolio Composition](index=4&type=section&id=Loan%20Portfolio%20Composition) Commercial real estate loans constituted 54% of total loans, and construction loans 9%. The portfolio is diversified by asset type and geographic concentration, with non-owner occupied commercial real estate loans decreasing by 8% | Loan Type | Sep 30, 2025 (Amount) | % of Total Loans | | :-------------------------- | :-------------------- | :--------------- | | Commercial Real Estate Loans | $994.6 million | 54% | | Construction Loans | $170.3 million | 9% | | Office Properties | $105.5 million | 6% | | Retail Properties | $232.4 million | 13% | | Multi-family Properties | $184.7 million | 10% | | Non-Owner Occupied Commercial Real Estate | $781.0 million | - | | Non-Owner Occupied Commercial Real Estate (Dec 31, 2024) | $850.1 million | - | - The commercial real estate portfolio, including construction loans, is **diversified by asset type and geographic concentration**, with a disciplined management approach to monitor and mitigate loan concentrations[22](index=22&type=chunk)[23](index=23&type=chunk) [Commercial Real Estate Loan Stratification](index=5&type=section&id=Commercial%20Real%20Estate%20Loan%20Stratification) The detailed stratification of commercial real estate and construction loans at September 30, 2025, shows diversification across asset classes (Office, Retail, Multi-family, Industrial, Hotels, Mixed Use, Land, 1-4 Family construction) and strong credit quality with conservative underwriting | Asset Class | Owner Occupied Principal ($ thousands) | Non-Owner Occupied Principal ($ thousands) | Construction Principal ($ thousands) | Total Bank Owned Principal ($ thousands) | % of Total Loans | | :-------------------------- | :----------------------------------- | :--------------------------------------- | :----------------------------------- | :------------------------------------- | :--------------- | | Office | 22,978 | 69,586 | 12,961 | 105,525 | 6% | | Retail | 6,198 | 226,169 | 0 | 232,367 | 13% | | Multi-family | 0 | 146,626 | 38,026 | 184,652 | 10% | | Industrial | 123,611 | 176,879 | 8,015 | 308,505 | 17% | | Hotels | 0 | 53,778 | 7,679 | 61,457 | 3% | | Mixed Use | 6,833 | 48,833 | 0 | 55,666 | 3% | | Land | 0 | 625 | 37,141 | 37,766 | 2% | | 1-4 Family construction | 0 | 0 | 47,852 | 47,852 | 2% | | Other (incl. net deferred fees) | 53,952 | 58,484 | 18,578 | 131,014 | 7% | | **Total** | **213,572** | **780,980** | **170,252** | **1,164,804** | **63%** | - The commercial real estate loans exhibit **strong credit quality**, with only one nonaccrual loan totaling **$10.1 million** at September 30, 2025, and the Company believes it has appropriately reserved for credit concerns due to conservative underwriting and ongoing monitoring[25](index=25&type=chunk) [Minority Investment in Mortgage Banking Operation (ACM)](index=5&type=section&id=Minority%20Investment%20in%20Mortgage%20Banking%20Operation%20%28ACM%29) Income from the Company's minority investment in Atlantic Coast Mortgage, LLC (ACM) significantly increased for both the quarter and nine months ended September 30, 2025, driven by ACM's strategic growth and geographic diversification initiatives, resulting in a 14% increase in loan originations | Metric | Q3 2025 | Q3 2024 | 9M 2025 | 9M 2024 | | :-------------------------------- | :-------- | :-------- | :-------- | :-------- | | Income from Investment in ACM | $508 thousand | $278 thousand | $1.0 million | $426 thousand | | Loan Originations (ACM, 9M YoY) | - | - | +14% | - | - The investment in ACM is reflected as a **nonconsolidated minority investment**, with income included in non-interest income[27](index=27&type=chunk) [Income Statement Analysis](index=6&type=section&id=Income%20Statement%20Analysis) This section analyzes the Company's income statement, detailing net income, net interest income, interest income and expense components, noninterest income and expense, efficiency ratio, and income tax expense [Net Income Performance](index=6&type=section&id=Net%20Income%20Performance) Net income for Q3 2025 increased 19% year-over-year to $5.6 million but slightly decreased 2% from the linked quarter due to increased provision for credit losses and a nonrecurring gain in Q2 2025 | Metric | Q3 2025 | Q2 2025 | Q3 2024 | YoY Change (%) | QoQ Change (%) | | :--------- | :---------- | :---------- | :---------- | :------------- | :------------- | | Net Income | $5.6 million | $5.7 million | $4.7 million | 19% | -2% | | Diluted EPS | $0.31 | $0.31 | $0.25 | 24% | 0% | | Core Operating Earnings | $5.6 million | $5.5 million | $4.7 million | 19% | +2% | [Net Interest Income and Margin](index=6&type=section&id=Net%20Interest%20Income%20and%20Margin) Net interest income increased 13% year-over-year to $16.0 million for Q3 2025, and net interest margin improved to 2.91%, marking the seventh consecutive quarter of margin expansion, driven by improved yields on earning assets and lower cost of funds | Metric | Q3 2025 | Q2 2025 | Q3 2024 | YoY Change (%) | QoQ Change (%) | | :---------------- | :---------- | :---------- | :---------- | :------------- | :------------- | | Net Interest Income | $16.0 million | $15.8 million | $14.2 million | 13% | 2% | | Net Interest Margin | 2.91% | 2.90% | 2.64% | +27 bps | +1 bps | | Cost of Funds | 2.78% | 2.79% | 3.09% | -31 bps | -1 bps | - The increase in net interest income was primarily due to a **decrease in deposit interest expense** as deposits reprice to lower rates, with the linked-quarter increase due to higher earning assets from deposit growth[29](index=29&type=chunk) - For the nine months ended September 30, 2025, net interest income increased **15% to $46.8 million**, and net interest margin increased **31 basis points to 2.88%** compared to the prior year period[35](index=35&type=chunk)[59](index=59&type=chunk) [Interest Income Components](index=6&type=section&id=Interest%20Income%20Components) Total interest income increased 2% year-over-year to $29.8 million for Q3 2025. Loan interest income slightly decreased due to lower average loans, but loan yields improved to 5.90% | Metric | Q3 2025 | Q2 2025 | Q3 2024 | YoY Change (%) | QoQ Change (%) | | :-------------------- | :---------- | :---------- | :---------- | :------------- | :------------- | | Total Interest Income | $29.8 million | $29.4 million | $29.2 million | 2% | 1% | | Loan Interest Income | $27.0 million | $27.0 million | $27.4 million | -1% | 0% | | Loan Yields | 5.90% | 5.80% | 5.83% | +7 bps | +10 bps | | Yield on Earning Assets | 5.46% | 5.39% | 5.46% | 0 bps | +7 bps | - The Company anticipates continued increases in loan yields due to scheduled repricings, with **$86.8 million in fixed-rate commercial loans (4.74% W.A.R.)** and **$8.0 million in variable-rate commercial loans (3.83% W.A.R.)** expected to reprice within 12 months[32](index=32&type=chunk) - For the nine months ended September 30, 2025, interest income increased **4% to $87.8 million**[35](index=35&type=chunk)[59](index=59&type=chunk) [Interest Expense Components](index=6&type=section&id=Interest%20Expense%20Components) Interest expense decreased 8% year-over-year to $13.8 million for Q3 2025, primarily due to lower deposit costs, despite an increase in average interest-bearing deposits. The cost of deposits decreased to 2.73% | Metric | Q3 2025 | Q2 2025 | Q3 2024 | YoY Change (%) | QoQ Change (%) | | :-------------------- | :---------- | :---------- | :---------- | :------------- | :------------- | | Total Interest Expense | $13.8 million | $13.7 million | $15.0 million | -8% | 1% | | Interest Expense on Deposits | $13.1 million | $13.0 million | $14.2 million | -8% | 1% | | Cost of Deposits | 2.73% | 2.74% | 3.04% | -31 bps | -1 bps | - For the nine months ended September 30, 2025, interest expense decreased **6% to $41.0 million**[35](index=35&type=chunk)[59](index=59&type=chunk) [Noninterest Income Components](index=7&type=section&id=Noninterest%20Income%20Components) Total noninterest income for Q3 2025 increased 27% year-over-year to $1.0 million, primarily driven by a significant increase in income from the minority interest in ACM and higher service charges on deposit accounts | Metric | Q3 2025 | Q2 2025 | Q3 2024 | YoY Change (%) | QoQ Change (%) | | :-------------------------------- | :---------- | :---------- | :---------- | :------------- | :------------- | | Total Noninterest Income | $1.0 million | $1.0 million | $0.8 million | 27% | 2.5% | | Income from Minority Interest in ACM | $508 thousand | $351 thousand | $278 thousand | 83% | 45% | | Service Charges on Deposit Accounts | $321 thousand | $282 thousand | $301 thousand | 7% | 14% | | Gain on Termination of Derivative Instruments | $0 | $154 thousand | $0 | - | -100% | | BOLI Income | $73 thousand | $71 thousand | $70 thousand | 4% | 3% | - For the nine months ended September 30, 2025, total noninterest income increased **30% to $2.7 million**, with **ACM income up 134.7%** and **BOLI income down 34%** due to 2024 surrenders[38](index=38&type=chunk)[59](index=59&type=chunk) [Noninterest Expense Components](index=7&type=section&id=Noninterest%20Expense%20Components) Noninterest expense increased 3% year-over-year to $9.5 million for Q3 2025, mainly due to higher salaries and benefits from increased incentive accruals and filled positions, and increased internet banking and software expense | Metric | Q3 2025 | Q2 2025 | Q3 2024 | YoY Change (%) | QoQ Change (%) | | :-------------------------- | :---------- | :---------- | :---------- | :------------- | :------------- | | Total Noninterest Expense | $9.5 million | $9.4 million | $9.2 million | 3% | 0.5% | | Salaries and Employee Benefits | $5.1 million | $5.0 million | $4.9 million | 5% | 2% | | Internet Banking and Software Expense | $890 thousand | $864 thousand | $706 thousand | 26% | 3% | | Data Processing and Network Admin | $559 thousand | $550 thousand | $727 thousand | -23% | 2% | - Full-time equivalent employees increased from **111** at September 30, 2024, to **118** at September 30, 2025[39](index=39&type=chunk) - For the nine months ended September 30, 2025, total noninterest expense increased **less than 5% to $28.0 million**[41](index=41&type=chunk)[59](index=59&type=chunk) [Efficiency Ratio](index=8&type=section&id=Efficiency%20Ratio) The efficiency ratio improved to 55.5% for Q3 2025, down from 61.2% in the prior year quarter, indicating better operational efficiency | Metric | Q3 2025 | Q2 2025 | Q3 2024 | | :--------------- | :------ | :------ | :------ | | Efficiency Ratio | 55.5% | 56.2% | 61.2% | | 9M 2025 | 56.6% | - | 62.7% | [Income Tax Expense](index=8&type=section&id=Income%20Tax%20Expense) Income tax expense for Q3 2025 was $1.6 million, an increase from $1.4 million in Q3 2024. For the nine months ended September 30, 2025, it decreased to $4.4 million from $5.8 million in 2024, which included a $2.4 million charge related to BOLI surrender | Metric | Q3 2025 | Q3 2024 | 9M 2025 | 9M 2024 | | :---------------- | :---------- | :---------- | :---------- | :---------- | | Income Tax Expense | $1.6 million | $1.4 million | $4.4 million | $5.8 million | | BOLI-related Tax (2024) | - | - | - | $2.4 million | | YoY Change (Q3) | +20.2% | - | - | - | | YoY Change (9M) | -23.2% | - | - | - | [Company Information](index=8&type=section&id=Company%20Information) This section provides an overview of FVCBankcorp, Inc. and includes a cautionary note regarding forward-looking statements and associated risks [About FVCBankcorp, Inc.](index=8&type=section&id=About%20FVCBankcorp%2C%20Inc.) FVCBankcorp, Inc. is the holding company for FVCbank, a Virginia-chartered community bank with $2.32 billion in assets, serving commercial businesses and nonprofits in the greater Baltimore and Washington, D.C. metropolitan areas through 8 full-service offices - FVCBankcorp, Inc. is the holding company for FVCbank, a **$2.32 billion asset-sized** Virginia-chartered community bank[44](index=44&type=chunk) - FVCbank serves commercial businesses, nonprofit organizations, professional service entities, their owners, and employees in the greater Baltimore and Washington, D.C. metropolitan areas[44](index=44&type=chunk) - The bank is headquartered in Fairfax, Virginia, and operates **8 full-service offices** across Virginia, Washington, D.C., and Maryland[44](index=44&type=chunk) [Cautionary Note About Forward-Looking Statements](index=8&type=section&id=Cautionary%20Note%20About%20Forward-Looking%20Statements) This section warns that the press release contains forward-looking statements subject to various known and unknown risks and uncertainties, including general economic conditions, interest rate environment, credit quality, market conditions, regulatory changes, and competitive pressures, which could cause actual results to differ materially - The press release contains forward-looking statements, which are subject to **risks and uncertainties** that could cause actual results to differ materially[46](index=46&type=chunk) - Key risk factors include general business and economic conditions (e.g., inflation, real estate valuations, unemployment), concentration in the Washington, D.C. metropolitan area, interest rate environment, liquidity requirements, credit losses, real estate market downturns, market conditions, and regulatory changes[46](index=46&type=chunk) - Other risks include investment securities portfolio risks, potential impairment charges, exposure to fraud and cyber-crime, accounting policy changes, competitive pressures, acquisition risks, legal proceedings, geopolitical conditions, and natural disasters[46](index=46&type=chunk)[47](index=47&type=chunk) [Financial Tables](index=10&type=section&id=Financial%20Tables) This section provides detailed financial tables, including selected financial data, consolidated statements of condition and income, and average statements of condition with yields [Selected Financial Data](index=10&type=section&id=Selected%20Financial%20Data) This section presents unaudited selected financial data, including balances, results of operations, per share data, and key ratios, for various periods, along with non-GAAP reconciliations for core operating earnings and tangible book value | Metric | Sep 30, 2025 ($ thousands) | Sep 30, 2024 ($ thousands) | Jun 30, 2025 ($ thousands) | Dec 31, 2024 ($ thousands) | | :------------------------------------ | :------------------------- | :------------------------- | :------------------------- | :------------------------- | | Total assets | 2,319,052 | 2,293,282 | 2,237,250 | 2,198,950 | | Total loans, net of deferred fees | 1,858,422 | 1,874,946 | 1,869,098 | 1,870,235 | | Total deposits | 1,977,882 | 1,960,767 | 1,903,472 | 1,870,605 | | Total shareholders' equity | 249,804 | 230,830 | 243,163 | 235,354 | | Net income (3M) | 5,579 | 4,669 | 5,667 | 4,900 | | Net income (9M) | 16,411 | 10,164 | - | - | | Diluted EPS (3M) | $0.31 | $0.25 | $0.31 | $0.26 | | Diluted EPS (9M) | $0.90 | $0.55 | - | - | | Net interest margin (3M) | 2.91% | 2.64% | 2.90% | 2.77% | | Return on average assets (3M) | 1.00% | 0.85% | 1.02% | 0.90% | | Efficiency ratio (3M) | 55.50% | 61.19% | 56.22% | 58.58% | | Nonperforming loans | 11,068 | 3,556 | 10,529 | 12,823 | | Nonperforming loans to total assets | 0.48% | 0.16% | 0.47% | 0.58% | [Summary Consolidated Statements of Condition](index=13&type=section&id=Summary%20Consolidated%20Statements%20of%20Condition) This table provides a detailed breakdown of the Company's assets, liabilities, and shareholders' equity at September 30, 2025, June 30, 2025, December 31, 2024, and September 30, 2024, including percentage changes | Item | Sep 30, 2025 ($ thousands) | Jun 30, 2025 ($ thousands) | Dec 31, 2024 ($ thousands) | Sep 30, 2024 ($ thousands) | | :------------------------------------ | :------------------------- | :------------------------- | :------------------------- | :------------------------- | | Total Assets | 2,319,052 | 2,237,250 | 2,198,950 | 2,293,282 | | Loans, net of fees | 1,858,422 | 1,869,098 | 1,870,235 | 1,874,946 | | Total Deposits | 1,977,882 | 1,903,472 | 1,870,605 | 1,960,767 | | Noninterest-bearing Deposits | 374,414 | 356,208 | 365,666 | 357,028 | | Shareholders' Equity | 249,804 | 243,163 | 235,354 | 230,830 | [Summary Consolidated Statements of Income](index=14&type=section&id=Summary%20Consolidated%20Statements%20of%20Income) This section presents the Company's consolidated statements of income for both three-month and nine-month periods, including non-GAAP reconciliations [Three Months Ended](index=14&type=section&id=Three%20Months%20Ended) This table provides a detailed breakdown of the Company's income statement for the three months ended September 30, 2025, June 30, 2025, and September 30, 2024, including non-GAAP reconciliations | Item | Sep 30, 2025 ($ thousands) | Jun 30, 2025 ($ thousands) | Sep 30, 2024 ($ thousands) | | :------------------------------------ | :------------------------- | :------------------------- | :------------------------- | | Net interest income | 16,033 | 15,759 | 14,214 | | Provision for credit losses | 375 | 105 | (200) | | Total noninterest income | 1,033 | 1,008 | 815 | | Total noninterest expense | 9,472 | 9,428 | 9,196 | | Net Income | 5,579 | 5,667 | 4,669 | | Diluted EPS | 0.31 | 0.31 | 0.25 | | Adjusted Net Income, core operating earnings (non-GAAP) | 5,579 | 5,548 | 4,669 | | Adjusted Pre-tax pre-provision income (non-GAAP) | 7,594 | 7,185 | 5,833 | [Nine Months Ended](index=16&type=section&id=Nine%20Months%20Ended) This table provides a detailed breakdown of the Company's income statement for the nine months ended September 30, 2025, and September 30, 2024, including non-GAAP reconciliations | Item | Sep 30, 2025 ($ thousands) | Sep 30, 2024 ($ thousands) | | :------------------------------------ | :------------------------- | :------------------------- | | Net interest income | 46,844 | 40,676 | | Provision for credit losses | 680 | 6 | | Total noninterest income | 2,711 | 2,081 | | Total noninterest expense | 28,032 | 26,817 | | Net Income | 16,411 | 10,164 | | Diluted EPS | 0.90 | 0.55 | | Adjusted Net Income, core operating earnings (non-GAAP) | 16,292 | 12,550 | | Adjusted Pre-tax pre-provision income (non-GAAP) | 21,369 | 15,940 | [Average Statements of Condition and Yields on Earning Assets and Interest-Bearing Liabilities](index=18&type=section&id=Average%20Statements%20of%20Condition%20and%20Yields%20on%20Earning%20Assets%20and%20Interest-Bearing%20Liabilities) This section details average balances, interest income/expense, and average yields for earning assets and interest-bearing liabilities for both three-month and nine-month periods [For the Three Months Ended](index=18&type=section&id=For%20the%20Three%20Months%20Ended) This table presents average balances, interest income/expense, and average yields for earning assets and interest-bearing liabilities for the three months ended September 30, 2025, June 30, 2025, and September 30, 2024 | Item | Sep 30, 2025 (Avg Balance $ thousands) | Sep 30, 2025 (Avg Yield %) | Jun 30, 2025 (Avg Balance $ thousands) | Jun 30, 2025 (Avg Yield %) | Sep 30, 2024 (Avg Balance $ thousands) | Sep 30, 2024 (Avg Yield %) | | :------------------------------------ | :----------------------------------- | :------------------------- | :----------------------------------- | :------------------------- | :----------------------------------- | :------------------------- | | Total interest-earning assets | 2,186,727 | 5.46% | 2,182,180 | 5.39% | 2,142,155 | 5.46% | | Total loans | 1,829,587 | 5.90% | 1,862,488 | 5.80% | 1,879,152 | 5.83% | | Total interest-bearing liabilities | 1,604,860 | 3.41% | 1,603,385 | 3.42% | 1,573,551 | 3.80% | | Total interest-bearing deposits | 1,536,121 | 3.38% | 1,534,660 | 3.39% | 1,496,895 | 3.77% | | Net Interest Margin | - | 2.91% | - | 2.90% | - | 2.64% | [For the Nine Months Ended](index=19&type=section&id=For%20the%20Nine%20Months%20Ended) This table presents average balances, interest income/expense, and average yields for earning assets and interest-bearing liabilities for the nine months ended September 30, 2025, and September 30, 2024 | Item | Sep 30, 2025 (Avg Balance $ thousands) | Sep 30, 2025 (Avg Yield %) | Sep 30, 2024 (Avg Balance $ thousands) | Sep 30, 2024 (Avg Yield %) | | :------------------------------------ | :----------------------------------- | :------------------------- | :----------------------------------- | :------------------------- | | Total interest-earning assets | 2,174,161 | 5.39% | 2,116,436 | 5.29% | | Total loans | 1,852,754 | 5.80% | 1,867,503 | 5.65% | | Total interest-bearing liabilities | 1,597,024 | 3.41% | 1,549,227 | 3.74% | | Total interest-bearing deposits | 1,528,303 | 3.38% | 1,441,505 | 3.67% | | Net Interest Margin | - | 2.88% | - | 2.57% |

Core Insights - Three stocks are highlighted with strong momentum characteristics and a buy rank as of August 29th [1][2][3] Group 1: FVCBankcorp, Inc. (FVCB) - FVCBankcorp is a bank holding company for FVCbank with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings increased by 5.2% over the last 60 days [1] - FVCBankcorp's shares gained 16.2% over the last three months, outperforming the S&P 500's advance of 10.1% [1] - The company has a Momentum Score of A [1] Group 2: Oshkosh Corporation (OSK) - Oshkosh Corporation is a purpose-built vehicles and equipment company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings increased by 6.5% over the last 60 days [2] - Oshkosh's shares gained 44.3% over the last three months, significantly outperforming the S&P 500's advance of 10.1% [2] - The company has a Momentum Score of B [2] Group 3: T. Rowe Price Group, Inc. (TROW) - T. Rowe Price Group is an investment management company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings increased by 10.3% over the last 60 days [3] - T. Rowe's shares gained 15.7% over the last three months, also outperforming the S&P 500's advance of 10.1% [3] - The company has a Momentum Score of B [3]

PART I — FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Presents unaudited consolidated financial statements for FVCBankcorp, Inc. and FVCbank, with key statements and notes [Consolidated Statements of Condition](index=4&type=section&id=Consolidated%20Statements%20of%20Condition) Consolidated Statements of Condition (in thousands) | Metric | June 30, 2025 (in thousands) | December 31, 2024 (in thousands) | Change (in thousands) | | :----------------------------- | :----------------------------- | :------------------------------- | :-------------------- | | Total Assets | $2,237,250 | $2,198,950 | +$38,300 | | Total Liabilities | $1,994,087 | $1,963,596 | +$30,491 | | Total Shareholders' Equity | $243,163 | $235,354 | +$7,809 | | Loans, net | $1,851,033 | $1,852,106 | -$1,073 | | Total Deposits | $1,903,472 | $1,870,605 | +$32,867 | [Consolidated Statements of Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income) Consolidated Statements of Income (3 Months Ended June 30, in thousands) | Metric (3 Months Ended June 30) | 2025 (in thousands) | 2024 (in thousands) | Change (in thousands) | Change (%) | | :------------------------------ | :------------------ | :------------------ | :-------------------- | :--------- | | Total Interest and Dividend Income | $29,430 | $27,972 | +$1,458 | +5.2% | | Total Interest Expense | $13,671 | $14,301 | -$630 | -4.4% | | Net Interest Income | $15,759 | $13,671 | +$2,088 | +15.3% | | Provision for credit losses | $105 | $206 | -$101 | -49.0% | | Total Noninterest Income | $1,008 | $871 | +$137 | +15.7% | | Total Noninterest Expenses | $9,428 | $8,996 | +$432 | +4.8% | | Net Income | $5,667 | $4,155 | +$1,512 | +36.4% | | Basic EPS | $0.31 | $0.23 | +$0.08 | +34.8% | | Diluted EPS | $0.31 | $0.23 | +$0.08 | +34.8% | Consolidated Statements of Income (6 Months Ended June 30, in thousands) | Metric (6 Months Ended June 30) | 2025 (in thousands) | 2024 (in thousands) | Change (in thousands) | Change (%) | | :------------------------------ | :------------------ | :------------------ | :-------------------- | :--------- | | Total Interest and Dividend Income | $57,987 | $54,799 | +$3,188 | +5.8% | | Total Interest Expense | $27,176 | $28,337 | -$1,161 | -4.1% | | Net Interest Income | $30,811 | $26,462 | +$4,349 | +16.4% | | Provision for credit losses | $305 | $206 | +$99 | +48.1% | | Total Noninterest Income | $1,679 | $1,266 | +$413 | +32.6% | | Total Noninterest Expenses | $18,561 | $17,621 | +$940 | +5.3% | | Net Income | $10,832 | $5,495 | +$5,337 | +97.1% | | Basic EPS | $0.59 | $0.31 | +$0.28 | +90.3% | | Diluted EPS | $0.59 | $0.30 | +$0.29 | +96.7% | [Consolidated Statements of Comprehensive Income](index=6&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Consolidated Statements of Comprehensive Income (3 Months Ended June 30, in thousands) | Metric (3 Months Ended June 30) | 2025 (in thousands) | 2024 (in thousands) | Change (in thousands) | | :------------------------------ | :------------------ | :------------------ | :-------------------- | | Net Income | $5,667 | $4,155 | +$1,512 | | Total Other Comprehensive (Loss) Income | $(380) | $321 | -$701 | | Total Comprehensive Income | $5,287 | $4,476 | +$811 | Consolidated Statements of Comprehensive Income (6 Months Ended June 30, in thousands) | Metric (6 Months Ended June 30) | 2025 (in thousands) | 2024 (in thousands) | Change (in thousands) | | :------------------------------ | :------------------ | :------------------ | :-------------------- | | Net Income | $10,832 | $5,495 | +$5,337 | | Total Other Comprehensive (Loss) Income | $1,000 | $2,008 | -$1,008 | | Total Comprehensive Income | $11,832 | $7,503 | +$4,329 | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Consolidated Statements of Cash Flows (6 Months Ended June 30, in thousands) | Metric (6 Months Ended June 30) | 2025 (in thousands) | 2024 (in thousands) | Change (in thousands) | | :------------------------------ | :------------------ | :------------------ | :-------------------- | | Net cash provided by operating activities | $8,704 | $8,704 | $0 | | Net cash used in investing activities | $(30,655) | $(104,788) | +$74,133 | | Net cash provided by financing activities | $28,417 | $98,229 | -$69,812 | | Net increase in cash and cash equivalents | $6,466 | $2,145 | +$4,321 | | Cash and cash equivalents, end of period | $14,627 | $10,187 | +$4,440 | [Consolidated Statements of Changes in Stockholders' Equity](index=8&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Stockholders'%20Equity) Consolidated Statements of Changes in Stockholders' Equity (in thousands) | Metric | June 30, 2025 (in thousands) | December 31, 2024 (in thousands) | Change (in thousands) | | :----------------------------- | :----------------------------- | :------------------------------- | :-------------------- | | Total Shareholders' Equity | $243,163 | $235,354 | +$7,809 | | Net Income (6 months) | $10,832 | $5,495 (6 months) | +$5,337 | | Repurchases of common stock (6 months) | $(4,639) | $0 | $(4,639) | | Other comprehensive income (6 months) | $1,000 | $2,008 (6 months) | -$1,008 | [Notes to Unaudited Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) [Note 1. Organization and Summary of Significant Accounting Policies](index=9&type=section&id=Note%201.%20Organization%20and%20Summary%20of%20Significant%20Accounting%20Policies) FVCBankcorp, Inc. is a Virginia-based bank holding company; recent ASUs are not expected to materially impact financials - FVCBankcorp, Inc. is a bank holding company, and FVCbank is its wholly-owned subsidiary, serving Washington, D.C. and Baltimore metropolitan areas[20](index=20&type=chunk)[21](index=21&type=chunk) - Recent ASUs (2025-01, 2024-03, 2023-09) related to income statement expense disaggregation and income tax disclosures are not expected to have a material impact on the consolidated financial statements[25](index=25&type=chunk)[26](index=26&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) [Note 2. Securities](index=10&type=section&id=Note%202.%20Securities) The securities portfolio, comprising HTM and AFS, saw AFS increase to **$156.9 million**, with unrealized losses due to interest rates Securities Portfolio (in thousands) | Metric (in thousands) | June 30, 2025 | December 31, 2024 | Change | | :-------------------- | :------------ | :---------------- |

Core Insights - FVCBankcorp (FVCB) is a small regional bank operating in the Washington, DC metro area, presenting potential investment opportunities due to its less widespread following among investors [1] Company Overview - The company is characterized by its regional focus and operates primarily in the financial sector, which is seen as an area of interest for investment analysis [1] Market Perspective - The financial markets are viewed as efficient, with most stocks reflecting their real current value, suggesting that opportunities for profit may arise from stocks that are not accurately valued [1]