FVCBankcorp (FVCB) Q3 Earnings Top Estimates

Company Performance - FVCBankcorp reported quarterly earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and up from $0.22 per share a year ago, representing an earnings surprise of 4.17% [1] - The company posted revenues of $15.03 million for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 0.27%, compared to $13.56 million in the same quarter last year [1] - Over the last four quarters, FVCBankcorp has surpassed consensus EPS estimates three times but has only topped consensus revenue estimates once [1] Market Comparison - FVCBankcorp shares have declined approximately 10.9% since the beginning of the year, while the S&P 500 has gained 22.7% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.25 on revenues of $15.48 million, and for the current fiscal year, it is $0.92 on revenues of $58.28 million [4] - The estimate revisions trend for FVCBankcorp is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Banks - Southeast industry, to which FVCBankcorp belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, suggesting potential challenges ahead [5] - Stock Yards Bancorp, another company in the same industry, is expected to report quarterly earnings of $0.93 per share, reflecting a year-over-year change of +1.1%, with revenues anticipated to be $87.57 million, up 3.8% from the previous year [5]