Morningstar DBRS Assigns Initial Long-Term Issuer Ratings of BBB to FVCbank; FVCBankcorp, Inc. Receives BBB (low) Rating with Stable Outlook
Businesswire·2025-12-01 17:43

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]