Core Viewpoint - FVCBankcorp (FVCB) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements, particularly influenced by institutional investors [4][5]. Recent Performance and Projections - FVCBankcorp is expected to earn $0.92 per share for the fiscal year ending December 2024, representing a year-over-year change of 2.2% [8]. - Over the past three months, the Zacks Consensus Estimate for FVCBankcorp has increased by 1.7%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - FVCBankcorp's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Financial Performance - Net income for the three months ended June 30, 2024, was $4.2 million, or $0.23 diluted earnings per share, consistent with the same period in 2023 [155]. - For the six months ended June 30, 2024, net income was $5.5 million, or $0.30 diluted earnings per share, compared to $4.9 million, or $0.27 diluted earnings per share for the same period in 2023 [157]. - Net interest income decreased by $717 thousand, or 5%, to $13.7 million for the three months ended June 30, 2024, compared to $14.4 million for the same period in 2023 [155]. - Net interest income for the six months ended June 30, 2024, was $26.5 million, a decrease of $1.9 million, or 7%, from $28.4 million in 2023 [158]. - Non-interest income for the six months ended June 30, 2024, was $1.3 million, compared to a loss of $3.7 million for the same period in 2023 [158]. - Noninterest expense decreased by $592 thousand, or 3%, to $17.6 million for the six months ended June 30, 2024, compared to $18.2 million for the same period in 2023 [158]. Interest Income and Expense - Total interest income decreased by $256 thousand, while the average rate increased by $1,023 thousand, resulting in a net increase of $767 thousand in interest income compared to the previous year [171]. - Interest expense decreased by $1,230 thousand, with total interest expense for the period being $14,301 thousand, compared to $12,815 thousand in the same quarter of the previous year [172]. - The yield on interest-earning assets increased by 38 basis points to 5.27% in Q2 2024 compared to 4.89% in Q2 2023 [174]. - The cost of interest-bearing deposits increased by 54 basis points to 3.65% in Q2 2024 from 3.11% in Q2 2023 [174]. - Interest income increased by $769 thousand, or 3%, to $28.0 million in Q2 2024 compared to $27.2 million in Q2 2023 [174]. Credit Losses and Allowance - The allowance for credit losses (ACL) is maintained at a level representing management's best estimate of expected losses in the loan portfolio [139]. - Provision for credit losses was $206 thousand for the three months ended June 30, 2024, down from $618 thousand in the same period of 2023 [155]. - Provision for credit losses was recorded at $206 thousand for both the three and six months ended June 30, 2024, compared to $618 thousand and $860 thousand for the same periods in 2023 [189]. - Nonperforming loans totaled $3.2 million, or 0.13% of total assets, for the three months ended June 30, 2024, compared to $1.8 million, or 0.08%, at December 31, 2023 [190]. - The allowance for credit losses on loans was $19,208 thousand at June 30, 2024, compared to $18,871 thousand at December 31, 2023, indicating a slight increase in reserves [222]. Loans and Deposits - Total loans increased to $1,882,342 thousand with interest income of $26,457 thousand, yielding an average rate of 5.62% for the three months ended June 30, 2024, compared to $1,867,813 thousand and $24,986 thousand at 5.35% for the same period in 2023 [168]. - Total deposits rose by 7%, or $123.5 million, to $1.97 billion at June 30, 2024, from $1.85 billion at December 31, 2023 [200]. - Average interest-bearing deposits decreased by $127.3 million to $1.42 billion in Q2 2024 compared to $1.55 billion in Q2 2023 [174]. - Noninterest-bearing deposits were $373.8 million at June 30, 2024, representing 19% of total deposits [232]. - Core deposits, excluding wholesale deposits, increased by $118.9 million, or 7%, from December 31, 2023 [232]. Capital and Liquidity - Total stockholders' equity increased by $9.4 million to $226.5 million at June 30, 2024, with net income contributing $5.5 million to this increase [240]. - Total risk-based capital at June 30, 2024, was $267.956 million, representing a ratio of 14.13%, exceeding the minimum requirement of 10.50% [244]. - Liquidity position improved with liquid assets totaling $326.7 million at June 30, 2024, or 14% of total assets, up from $232.1 million or 11% at December 31, 2023 [249]. - The estimated amount of total uninsured deposits was $643.9 million, or 32.7% of total deposits, as of June 30, 2024 [234]. - The effective duration of the investment securities portfolio was slightly over five years, consistent with the industry average [224]. Investment and Market Position - The company made an investment of $20.4 million in Atlantic Coast Mortgage, LLC, acquiring a 28.7% ownership interest [135]. - The company provides a warehouse lending facility to Atlantic Coast Mortgage, which includes a construction-to-permanent financing line [135]. - The company’s approach to market features competitive customized financial services offered in a personal relationship context [134]. - The average yield on investment securities was reported at 2.10% for Q2 2024, compared to 1.90% in Q2 2023, indicating an improvement in investment performance [168]. - The fair value of the investment securities available-for-sale decreased by $9.4 million, or 5%, to $162.2 million as of June 30, 2024, from $171.6 million at December 31, 2023 [223].

Financial Performance - FVCBankcorp reported revenue of $14.54 million for the quarter ended June 2024, reflecting a year-over-year decline of 4.8% [3] - The reported revenue exceeded the Zacks Consensus Estimate of $14.08 million by 3.27% [4] - Earnings per share (EPS) for the quarter was $0.23, matching the EPS from the same period a year ago, with a surprise of 9.52% over the consensus estimate of $0.21 [3][4] Key Metrics - Net Interest Margin was 2.6%, slightly above the estimated 2.5% by analysts [1] - Efficiency ratio stood at 61.9%, better than the average estimate of 63.3% [1] - Total Non-Interest Income was reported at $0.87 million, surpassing the average estimate of $0.71 million [1] - Net Interest Income reached $13.67 million, compared to the average estimate of $13.37 million [1] Stock Performance - FVCBankcorp shares have returned +20.5% over the past month, contrasting with a -0.3% change in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]

Company Performance - FVCBankcorp reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, and matching the earnings from the same quarter last year [5] - The company achieved revenues of $14.54 million for the quarter, surpassing the Zacks Consensus Estimate by 3.27%, although this represents a decline from $15.28 million in the previous year [12] - Over the last four quarters, FVCBankcorp has surpassed consensus EPS estimates two times [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $14.86 million, and for the current fiscal year, it is $0.90 on revenues of $57.4 million [8] - The stock is currently rated Zacks Rank 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [9] Industry Context - FVCBankcorp operates within the Zacks Banks - Southeast industry, which is currently ranked in the top 41% of over 250 Zacks industries [14] - The industry ranking suggests that stocks in the top 50% outperform those in the bottom 50% by a factor of more than 2 to 1 [14] - FVCBankcorp shares have underperformed the market, losing approximately 13.9% since the beginning of the year, compared to a 13.8% gain in the S&P 500 [15]

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 – July 25, 2024 1 • Increase in Net Income. For the three months ended June 30, 2024, the Company recorded net income of $4.2 million, or $0.23 diluted earnings per share. Compared to the linked quarter, net income increased $2.8 million, fr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______ to _________ Commission File Number: 001-38647 FVCBankcorp, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdi ...

FVCBankcorp (FVCB) reported $13.19 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 40.4%. EPS of $0.20 for the same period compares to $0.26 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $13.82 million, representing a surprise of -4.58%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.20.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Exhibit 99.1 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 PRESS RELEASE FOR IMMEDIATE RELEASE – April 23, 2024 FVCBankcorp, Inc. Announces First Quarter 2024 Earnings; Net Interest Income and Margin Improvement Fairfax, VA-FVCBankcorp, Inc. (NASDAQ: FVCB) (the "Company") today reported its financial results for the first quarter of 2 ...

FVCBankcorp, Inc. (FVCB) has extended its current share repurchase program to Mar 31, 2025, from Mar 31, 2024. Per the program, the company is authorized to buy back up to 1,300,000 shares, which represents approximately 7% of its outstanding shares of common stock as of Dec 31, 2023.During 2023, FVCBankcorp bought back 115,750 shares of its common stock at a cost of $1.4 million. As of Dec 31, 2023, 1,275,202 shares remained available under the authorization.Prior to this, the company extended its share re ...

or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Fairfax, Virginia 22030 (Address of principal executive offices) (Zip Code) (I.R.S. Employer Identification No.) For the transition period from_______to_______ Commission file ...