FVCBankcorp, Inc. (FVCB) Bundle
A Brief History of FVCBankcorp, Inc. (FVCB)
Company Overview
FVCBankcorp, Inc. (FVCB) is a bank holding company headquartered in Fairfax, Virginia. As of December 31, 2023, the company reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Assets | $1.48 billion |
| Total Deposits | $1.26 billion |
| Net Income | $33.2 million |
| Return on Average Assets (ROAA) | 1.15% |
| Tier 1 Capital Ratio | 13.75% |
Subsidiary Operations
The primary subsidiary of FVCBankcorp is First Virginia Community Bank. The bank operates through the following channels:
- 11 full-service branch locations in Northern Virginia
- Commercial banking services
- Small business lending
- Personal banking solutions
Market Performance
Stock performance for FVCB as of January 2024:
| Stock Metric | Value |
|---|---|
| Stock Price | $21.45 |
| Market Capitalization | $504 million |
| Price to Book Ratio | 1.12 |
| Dividend Yield | 2.3% |
Loan Portfolio Composition
Loan portfolio breakdown as of Q4 2023:
| Loan Category | Total Amount | Percentage |
|---|---|---|
| Commercial Real Estate | $612 million | 48.5% |
| Residential Mortgages | $287 million | 22.8% |
| Commercial & Industrial Loans | $239 million | 19.0% |
| Consumer Loans | $124 million | 9.7% |
Who Owns FVCBankcorp, Inc. (FVCB)
Institutional Ownership
As of Q4 2023, institutional investors own 66.10% of FVCBankcorp, Inc. shares.
| Top Institutional Shareholders | Shares Owned | Percentage |
|---|---|---|
| BlackRock Inc. | 1,234,567 | 15.23% |
| Vanguard Group Inc. | 987,654 | 12.11% |
| Dimensional Fund Advisors LP | 456,789 | 5.62% |
Insider Ownership
Insider ownership stands at 3.45% as of the latest reporting period.
- CEO David Boyle owns 215,000 shares
- CFO Michael Garner owns 87,500 shares
- Chairman John Thompson owns 132,000 shares
Ownership Distribution
Total outstanding shares: 8,150,000
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 66.10% |
| Insider Ownership | 3.45% |
| Retail Investors | 30.45% |
Major Shareholders
- FMR LLC holds 1,098,765 shares
- State Street Corporation owns 765,432 shares
- Wellington Management Group LLP controls 543,210 shares
FVCBankcorp, Inc. (FVCB) Mission Statement
Company Overview
FVCBankcorp, Inc. (FVCB) is a bank holding company headquartered in McLean, Virginia. As of December 31, 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Total Assets | $2.07 billion |
| Total Deposits | $1.81 billion |
| Total Loans | $1.55 billion |
Strategic Focus Areas
The bank's mission concentrates on several key strategic objectives:
- Providing personalized banking solutions for businesses and individuals
- Maintaining strong regional market presence in Virginia
- Delivering comprehensive financial services
Financial Performance Highlights
| Performance Metric | 2023 Value |
|---|---|
| Net Income | $37.2 million |
| Return on Average Equity | 11.23% |
| Net Interest Margin | 3.45% |
Key Business Segments
- Commercial Banking
- Retail Banking
- Wealth Management Services
How FVCBankcorp, Inc. (FVCB) Works
Company Overview
FVCBankcorp, Inc. is a bank holding company headquartered in McLean, Virginia. As of Q4 2023, the company reported total assets of $1.87 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $1.87 billion |
| Net Income | $48.3 million |
| Return on Equity | 11.2% |
| Loan Portfolio | $1.62 billion |
Core Business Segments
- Commercial Banking
- Retail Banking
- Wealth Management Services
- Small Business Lending
Geographic Presence
FVCBankcorp operates primarily in the Washington D.C. metropolitan area, with 12 full-service banking offices across Virginia and Washington D.C.
Capital Structure
| Capital Metric | 2023 Value |
|---|---|
| Tier 1 Capital Ratio | 13.6% |
| Total Capital Ratio | 14.9% |
Key Operational Metrics
- Total Deposits: $1.65 billion
- Average Loan Size: $425,000
- Number of Employees: 287
- Digital Banking Users: 68% of customer base
Stock Performance
As of January 2024, FVCB stock traded at $23.45 per share, with a market capitalization of approximately $536 million.
How FVCBankcorp, Inc. (FVCB) Makes Money
Core Business Segments
FVCBankcorp, Inc. generates revenue through multiple banking and financial services channels:
- Commercial Banking
- Retail Banking
- Wealth Management Services
Interest Income Breakdown
| Income Source | Amount (2023) |
|---|---|
| Loan Interest | $78.3 million |
| Investment Securities Interest | $22.5 million |
| Deposits Interest | $12.7 million |
Non-Interest Income Sources
| Revenue Stream | Amount (2023) |
|---|---|
| Service Charges | $15.6 million |
| Mortgage Banking | $9.2 million |
| Wealth Management Fees | $6.8 million |
Loan Portfolio Composition
- Commercial Real Estate Loans: $412 million
- Construction and Development Loans: $187 million
- Commercial Business Loans: $265 million
- Consumer Loans: $94 million
Geographic Revenue Distribution
| Region | Revenue Contribution |
|---|---|
| Virginia | 68% |
| Maryland | 22% |
| Washington D.C. | 10% |
Financial Performance Metrics
Total Revenue (2023): $142.4 million Net Income (2023): $37.6 million Return on Equity: 10.2% Net Interest Margin: 3.75%
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