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FVCBankcorp (FVCB)

FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a $1.82 billion asset-sized Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington D.C., metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 9 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington D.C., and Baltimore, Bethesda, and Rockville, Maryland.

FVCB stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 11.73M 11.73M 11.73M 11.73M 11.73M 11.73M
Cash burn (monthly) 1.71M 1.09M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 5.06M 3.23M n/a n/a n/a n/a
Cash remaining 6.67M 8.5M n/a n/a n/a n/a
Runway (months of cash) 3.9 7.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Aug 22 Sharon L. Jackson Common Stock Sell Dispose S No No 19.73 250 4.93K 27,366
17 Aug 22 Sharon L. Jackson Common Stock Option exercise Acquire M No No 10.88 250 2.72K 27,616
17 Aug 22 Sharon L. Jackson Stock Options Common Stock Option exercise Dispose M No No 10.88 250 2.72K 0
16 Aug 22 Sharon L. Jackson Common Stock Sell Dispose S No No 19.9 3,000 59.7K 27,366
16 Aug 22 Sharon L. Jackson Common Stock Option exercise Acquire M No No 10.88 3,000 32.64K 30,366
16 Aug 22 Sharon L. Jackson Stock Options Common Stock Option exercise Dispose M No No 10.88 3,000 32.64K 250
23 Jun 22 Byers William G Common Stock Grant Acquire A No No 0 6,000 0 36,156
23 Jun 22 Jennifer L Deacon Common Stock Grant Acquire A No No 0 6,000 0 17,875
23 Jun 22 B. Todd Dempsey Common Stock Grant Acquire A No No 0 6,000 0 69,465
23 Jun 22 Michael G. Nassy Common Stock Grant Acquire A No No 0 6,000 0 30,336
9.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 57 51 +11.8%
Opened positions 20 35 -42.9%
Closed positions 14 1 +1300.0%
Increased positions 21 6 +250.0%
Reduced positions 9 5 +80.0%
13F shares Current Prev Q Change
Total value 156.29M 94.49M +65.4%
Total shares 5.19M 4.43M +17.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Endeavour Capital Advisors 825.63K $15.55M -0.5%
Fourthstone 772.35K $14.54M -5.5%
BLK Blackrock 582.17K $10.96M +542.3%
Vanguard 577.38K $10.87M -5.0%
Alliancebernstein 520.92K $9.81M +10.8%
Geode Capital Management 198.28K $3.73M +108.1%
Banc Funds 171.44K $3.23M -20.9%
Bridgewater Advisors 164.71K $3.1M 0.0%
STT State Street 118.79K $2.24M +219.0%
Millennium Management 110.7K $2.09M +26.4%
Largest transactions Shares Bought/sold Change
BLK Blackrock 582.17K +491.53K +542.3%
EJF Capital 0 -174.96K EXIT
Geode Capital Management 198.28K +103.01K +108.1%
STT State Street 118.79K +81.55K +219.0%
NTRS Northern Trust 99.95K +79.86K +397.4%
Alliancebernstein 520.92K +50.83K +10.8%
Nuveen Asset Management 48.13K +48.13K NEW
Fourthstone 772.35K -45.18K -5.5%
Banc Funds 171.44K -45.17K -20.9%
Acadian Asset Management 50.24K +44.1K +718.3%

Financial report summary

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Competition
M & T Bank
Risks
  • The ongoing COVID-19 pandemic and measures intended to prevent its spread could adversely affect our business, financial condition and results of operations.
  • Our business and operations may be materially adversely affected by weak economic conditions.
  • We are subject to interest rate risk, which could adversely affect our profitability.
  • Changes to and replacement of the London Interbank Offered Rate ("LIBOR") may adversely affect our business, financial condition, and results of operations.
  • We are subject to credit risk, which could adversely affect our profitability.
  • A substantial portion of our loans are and will continue to be real estate related loans in the Washington, D.C. metropolitan area. Adverse changes in the real estate market or economy in this area could lead to higher levels of problem loans and charge-offs, adversely affecting our earnings and financial condition.
  • Increases to our nonperforming assets or other problem assets will have an adverse effect on our earnings.
  • Our concentrations of loans may create a greater risk of loan defaults and losses.
  • Our portfolio of loans to small and mid-sized community-based businesses may increase our credit risk.
  • Our government contractor customers, and businesses in the Washington, D.C. metropolitan area in general, may be adversely impacted by the federal government and a budget impasse.
  • We have extended off-balance sheet commitments to borrowers which expose us to credit and interest rate risk.
  • Our allowance for loan losses may be inadequate to absorb losses inherent in the loan portfolio, which could have a material adverse effect on our business, financial condition and results of operations.
  • Lack of seasoning of our loan portfolio could increase risk of credit defaults in the future.
  • We operate in a highly competitive market and face increasing competition from a variety of traditional and new financial services providers, which could adversely impact our profitability.
  • The success of our growth strategy depends, in part, on our ability to identify and retain individuals with experience and relationships in our market.
  • We may not be able to successfully manage continued growth.
  • Regulatory requirements affecting our loans secured by commercial real estate could limit our ability to leverage our capital and adversely affect our growth and profitability.
  • We may face risks with respect to future expansion or acquisition activity.
  • New lines of business, products, product enhancements or services may subject us to additional risk.
  • We may not be able to retain or grow our core deposit base, which could adversely impact our funding costs.
  • Liquidity risk could impair our ability to fund operations and meet our obligations as they become due, and failure to maintain sufficient liquidity could materially adversely affect our growth, business, profitability and financial condition.
  • We depend on information technology and telecommunications systems of third parties, and any systems failures or interruptions could adversely affect our operations and financial condition.
  • We are subject to cybersecurity risks and security breaches and may incur increasing costs in an effort to minimize those risks and to respond to cyber incidents, and we may experience harm to our reputation and liability exposure from security breaches.
  • Failure to keep up with the rapid technological changes in the financial services industry could have a material adverse effect on our competitive position and profitability.
  • Our risk management framework may not be effective in mitigating risks and/or losses to us.
  • We may be adversely affected by the soundness of other financial institutions.
  • If we fail to design and maintain effective internal control over financial reporting, we may be unable to accurately report our financial results or prevent fraud, which could have a material adverse effect on us.
  • Litigation and regulatory actions, including possible enforcement actions, could subject us to significant fines, penalties, judgments or other requirements resulting in increased expenses or restrictions on our business activities.
  • Increasing scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to environmental, social and governance (“ESG”) practices may impose additional costs on us or expose us to new or additional risks.
  • We may need to raise additional capital in the future, and we may not be able to do so.
  • We have no current plans to pay cash dividends.
  • Our industry is highly regulated, and the regulatory framework, together with any future legislative or regulatory changes, may have a materially adverse effect on our operations.
  • We may be required to act as a source of financial and managerial strength for our Bank in times of stress.
  • We are subject to an extensive body of accounting rules and best practices. Periodic changes to such rules may change the treatment and recognition of critical financial line items and affect our profitability.
  • Regulatory initiatives regarding bank capital requirements may require heightened capital.
  • Our use of third party vendors and our other ongoing third party business relationships are subject to increasing regulatory requirements and attention.
Management Discussion
  • Below shows selected financial data for the periods ended December 31, 2021 and 2020.

Content analysis

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Positive
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Constraining
Legalese
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Readability
H.S. freshman Avg
New words: AA, diligence, EPS, expansion, half
Removed: ALCO, assuming, case, combination, comparison, created, driven, employ, EVE, excessive, exposed, fashion, firm, forward, found, fourth, frame, generate, goal, horizon, incentive, incurring, metric, modeled, modeling, movement, nonparallel, organic, predictor, ramped, realistic, redeployment, reducing, replacement, reprice, responsible, sensitivity, shape, shift, shock, simulation, static, testing, tool, track, unchanged