FVCBankcorp (FVCB) investor relations material

Executive summary

• Net income reached $8.2 million for Q2 2026, up 45% year-over-year and 29% sequentially from Q1 2026, driven by core operating growth and a one-time pre-tax gain of $847 thousand from the sale of a minority interest.

• Diluted EPS was $0.45, up 45% year-over-year and 29% from the prior quarter; core operating earnings (non-GAAP) rose 36% year-over-year to $7.6 million.

• Return on average assets improved to 1.48% and return on average equity to 12.50% for Q2 2026.

Financial highlights

• Net interest income for Q2 2026 was $19.1 million, up 22% year-over-year; net interest margin expanded to 3.53%, up 63 basis points year-over-year.

• For the six months ended June 30, 2026, net income was $14.6 million, up 35% year-over-year; diluted EPS was $0.81, up from $0.59.

• Noninterest income for Q2 2026 was $2.2 million, up 114% year-over-year, mainly due to the minority interest sale.

• Noninterest expense for Q2 2026 was $10.6 million, up 12% year-over-year, primarily from higher salaries and benefits.

• Efficiency ratio improved to 49.7% for Q2 2026, down from 56.2% a year ago; adjusted efficiency ratio (non-GAAP) was 51.8%.

Outlook and guidance

• Management expects continued margin expansion and improvement in loan yields due to scheduled repricings and disciplined growth in core deposits.

• Additional loan originations delayed in Q2 are expected to close in early Q3 2026.

• The opening of a new loan production office in Hampton Roads is expected to support further growth.