FVCBankcorp, Inc. (FVCB)

FVCBankcorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	103.9	98.37	73.62	63.97	63.45	62.18
Interest Income on Investments	6.78	8.24	7.06	4.45	3.66	4.55
Total Interest Income	110.68	106.62	80.68	68.43	67.1	66.73
Interest Paid on Deposits	52.39	47.35	12.47	7.6	12.33	16.83
Interest Paid on Borrowings	4.96	4.87	2.97	2.88	2.15	1.84
Total Interest Expense	57.35	52.22	15.44	10.48	14.48	18.67
Net Interest Income	53.33	54.4	65.24	57.95	52.62	48.06
Net Interest Income Growth (YoY)	-7.43%	-16.63%	12.59%	10.12%	9.48%	20.72%
Gain (Loss) on Sale of Investments	-10.99	-15.58	-	-	0.14	0
Gain (Loss) on Sale of Equity Investments	0.75	-1.11	-0.03	1.46	-	-
Other Non-Interest Income	1.32	2.29	1.91	1.81	2.19	1.8
Total Non-Interest Income	-7.78	-13.37	2.83	4.3	2.89	2.55
Non-Interest Income Growth (YoY)	-	-	-34.12%	48.81%	13.55%	53.28%
Revenues Before Loan Losses	45.56	41.03	68.08	62.25	55.51	50.61
Provision for Loan Losses	0.01	0.13	2.63	-0.5	5.02	1.72
Revenue	45.55	40.89	65.45	62.75	50.5	48.89
Revenue Growth (YoY)	-14.44%	-37.52%	4.30%	24.27%	3.28%	23.60%
Salaries and Employee Benefits	18.3	19.32	19.13	17.97	16.13	16.37
Occupancy Expenses	0.62	0.62	0.69	1.66	1.64	1.62
Federal Deposit Insurance	1.55	1.43	0.62	0.77	0.75	0.24
Amortization of Goodwill & Intangibles	0.18	0.21	0.26	0.31	0.35	0.39
Selling, General & Administrative	10.19	10.09	9.06	7.2	5.95	6.49
Other Non-Interest Expense	4.93	4.54	4.58	5.42	5.36	3.64
Total Non-Interest Expense	35.76	36.21	34.34	33.1	30.16	28.74
EBT Excluding Unusual Items	9.79	4.69	31.11	29.65	20.33	20.15
Pretax Income	9.33	4.23	30.99	28.21	19.66	20.01
Income Tax Expense	4.24	0.41	6.01	6.28	4.16	4.18
Net Income	5.09	3.82	24.98	21.93	15.5	15.83
Net Income to Common	5.09	3.82	24.98	21.93	15.5	15.83
Net Income Growth	-63.08%	-84.70%	13.91%	41.49%	-2.07%	45.63%
Basic Shares Outstanding	18	18	17	17	17	17
Diluted Shares Outstanding	18	18	18	18	18	19
Shares Change (YoY)	0.36%	-1.37%	1.41%	3.17%	-4.66%	15.62%
EPS (Basic)	0.28	0.22	1.43	1.29	0.92	0.92
EPS (Diluted)	0.27	0.21	1.35	1.20	0.88	0.86
EPS Growth	-63.68%	-84.44%	12.50%	36.36%	2.80%	25.88%
Effective Tax Rate	45.42%	9.69%	19.38%	22.25%	21.14%	20.91%

Source: S&P Capital IQ. Banks template. Financial Sources.