FVCBankcorp, Inc. (FVCB) Financial Statements (2024 and earlier)

Company Profile

Business Address 11325 RANDOM HILLS ROAD
FAIRFAX, VA 22030
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81,553240,958141,06333,14243,495
Cash and cash equivalents81,553240,958141,06333,14243,495
Total current assets:81,553240,958141,06333,14243,495
Noncurrent Assets
Operating lease, right-of-use asset9,68010,16711,12513,279
Financing receivable, excluding accrued interest, after allowance for credit loss  
Property, plant and equipment1,2201,5841,6542,0842,271
Intangible assets, net (including goodwill)7,7908,0528,3578,6898,443
Goodwill 7,1577,1577,1577,1436,512
Intangible assets, net (excluding goodwill) 6338951,2001,5461,931
Other undisclosed intangible assets, net (including goodwill)     
Deferred income tax assets18,5338,6298,5527,683
Total noncurrent assets:37,22328,43229,68831,73510,714
Other undisclosed assets2,225,5461,933,5341,650,7301,472,4181,297,367
TOTAL ASSETS:2,344,3222,202,9241,821,4811,537,2951,351,576
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   12,12313,686 
Total current liabilities:   12,12313,686 
Noncurrent Liabilities
Other undisclosed liabilities2,141,9401,993,1281,619,8581,344,5311,193,240
Total liabilities:2,141,9401,993,1281,631,9811,358,2171,193,240
Equity
Equity, attributable to parent202,382209,796189,500179,078158,336
Common stock175137135139137
Additional paid in capital123,886121,798119,568125,779123,882
Accumulated other comprehensive income (loss)(36,567)(2,043)1,826690(2,411)
Retained earnings114,88889,90467,97152,47036,728
Other undisclosed equity  (211,839)(187,674) (160,747)
Total equity:202,382(2,043)1,826179,078(2,411)
Other undisclosed liabilities and equity  211,839187,674 160,747
TOTAL LIABILITIES AND EQUITY:2,344,3222,202,9241,821,4811,537,2951,351,576

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues74,30964,23463,74062,88748,353
Net investment income74,30964,23463,59962,88748,815
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2,629) (5,016)(1,720)(1,920)
Gross profit:71,68064,23458,72461,16746,433
Operating expenses(3,900)(5,442)(4,435)(3,573)(5,890)
Other operating income, net
(Noninterest Income, Other Operating Income)
7138161,0841,1361,050
Operating income:68,49359,60855,37358,73041,593
Nonoperating income (expense)1,1672,6941,109662438
Investment income, nonoperating(33)1,464   
Bank owned life insurance income1,2009941,109662438
Interest and debt expense(15,438)(10,481)(14,483)(18,671)(12,110)
Income from continuing operations before equity method investments, income taxes:54,22251,82141,99940,72129,921
Other undisclosed loss from continuing operations before income taxes(23,233)(23,612)(22,342)(20,709)(16,814)
Income from continuing operations before income taxes:30,98928,20919,65720,01213,107
Income tax expense(6,005)(6,276)(4,156)(4,184)(2,238)
Income from continuing operations:24,98421,93315,50115,82810,869
Income before gain (loss) on sale of properties:21,93315,50115,82810,869
Net income available to common stockholders, diluted:24,98421,93315,50115,82810,869

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:24,98421,93315,50115,82810,869
Other comprehensive income (loss)(34,524)(3,869)1,1363,101(718)
Comprehensive income (loss), net of tax, attributable to parent:(9,540)18,06416,63718,92910,151

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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