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Compared to Estimates, FVCBankcorp (FVCB) Q2 Earnings: A Look at Key Metrics
FVCBFVCBankcorp(FVCB) ZACKS·2024-07-26 01:00

Financial Performance - FVCBankcorp reported revenue of 14.54millionforthequarterendedJune2024,reflectingayearoveryeardeclineof4.814.54 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,matchingtheEPSfromthesameperiodayearago,withasurpriseof9.520.23, 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 0.87million,surpassingtheaverageestimateof0.87 million, surpassing the average estimate of 0.71 million [1] - Net Interest Income reached 13.67million,comparedtotheaverageestimateof13.67 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]