FVCBankcorp (FVCB) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $5.6 million, up 15% year-over-year; full-year net income reached $22.1 million, a 46% increase from 2024.

• Diluted EPS for Q4 2025 was $0.31, up 19% year-over-year; full-year diluted EPS was $1.21, up from $0.82 in 2024.

• Pre-tax pre-provision operating income grew 32% year-over-year in Q4 2025.

• Net interest margin improved for the eighth consecutive quarter, reaching 3.05% in Q4 2025.

• Deposits and loans grew 7% and 4% year-over-year, respectively, with a reduction in commercial real estate concentration.

Financial highlights

• Net interest income for Q4 2025 was $16.9 million, up 13% year-over-year; full-year net interest income was $63.8 million, up 15%.

• Noninterest income for Q4 2025 was $926 thousand, up 105% year-over-year; full-year noninterest income was $3.6 million, up 44%.

• Noninterest expense for Q4 2025 was $9.5 million, up 6% year-over-year; full-year noninterest expense was $37.6 million, up 5%.

• Efficiency ratio improved to 53.4% in Q4 2025 from 58.6% in Q4 2024; full-year efficiency ratio was 55.7%, down from 61.6%.

• Return on average assets for Q4 2025 was 1.00%; return on average equity was 8.94%.

Outlook and guidance

• Management expects continued improvement in loan yields due to scheduled repricings and new originations.

• ACM’s acquisition of Tidewater Mortgage Services is expected to be immediately accretive in 2026.