FVCBankcorp, Inc. (FVCB)

FVCBankcorp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	113.31	98.37	73.62	63.97	63.45
Interest Income on Investments	-	8.24	7.06	4.45	3.66
Total Interest Income	113.31	106.62	80.68	68.43	67.1
Interest Paid on Deposits	57.72	47.35	12.47	7.6	12.33
Interest Paid on Borrowings	0	4.87	2.97	2.88	2.15
Total Interest Expense	57.72	52.22	15.44	10.48	14.48
Net Interest Income	55.59	54.4	65.24	57.95	52.62
Net Interest Income Growth (YoY)	2.19%	-16.63%	12.59%	10.12%	9.48%
Gain (Loss) on Sale of Investments	0.01	-15.58	-	-	0.14
Gain (Loss) on Sale of Equity Investments	0.38	-1.11	-0.03	1.46	-
Other Non-Interest Income	1.02	2.29	1.91	1.81	2.19
Total Non-Interest Income	2.53	-13.37	2.83	4.3	2.89
Non-Interest Income Growth (YoY)	-	-	-34.12%	48.81%	13.55%
Revenues Before Loan Losses	58.12	41.03	68.08	62.25	55.51
Provision for Loan Losses	0.01	0.13	2.63	-0.5	5.02
Revenue	58.12	40.89	65.45	62.75	50.5
Revenue Growth (YoY)	42.12%	-37.52%	4.30%	24.27%	3.28%
Salaries and Employee Benefits	18.75	19.32	19.13	17.97	16.13
Occupancy Expenses	-	0.62	0.69	1.66	1.64
Federal Deposit Insurance	-	1.43	0.62	0.77	0.75
Amortization of Goodwill & Intangibles	-	0.21	0.26	0.31	0.35
Selling, General & Administrative	8.66	10.09	9.06	7.2	5.95
Other Non-Interest Expense	8.41	4.54	4.58	5.42	5.36
Total Non-Interest Expense	35.82	36.21	34.34	33.1	30.16
EBT Excluding Unusual Items	22.3	4.69	31.11	29.65	20.33
Pretax Income	22.3	4.23	30.99	28.21	19.66
Income Tax Expense	7.23	0.41	6.01	6.28	4.16
Net Income	15.06	3.82	24.98	21.93	15.5
Net Income to Common	15.06	3.82	24.98	21.93	15.5
Net Income Growth	294.14%	-84.70%	13.91%	41.49%	-2.07%
Basic Shares Outstanding	18	18	17	17	17
Diluted Shares Outstanding	18	18	18	18	18
Shares Change (YoY)	0.91%	-1.37%	1.41%	3.17%	-4.66%
EPS (Basic)	0.83	0.22	1.43	1.29	0.92
EPS (Diluted)	0.82	0.21	1.35	1.20	0.88
EPS Growth	290.48%	-84.44%	12.50%	36.36%	2.80%
Effective Tax Rate	32.44%	9.69%	19.38%	22.25%	21.14%

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