Fvcbankcorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 24, 2020 at 02:37 pm
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FVCBankcorp, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net income was USD 3.724 million compared to USD 1.410 million a year ago. Basic earnings per share was USD 0.27 compared to USD 0.1 a year ago. Diluted earnings per share was USD 0.25 compared to USD 0.1 a year ago.
For the full year, net income was USD 15.828 million compared to USD 10.869 million a year ago. Basic earnings per share was USD 1.15 compared to USD 0.93 a year ago. Diluted earnings per share was USD 1.07 compared to USD 0.85 a year ago.
FVCBankcorp, Inc. is a holding company. The Company operates primarily through its subsidiary, FVCbank (the Bank), which is a community oriented, locally-owned and managed commercial bank. It emphasizes providing commercial banking services to small and medium-sized businesses, professionals, non-profit organizations and associations, and investors living and working in and near its service area. It offers retail banking services to accommodate the individual needs of both corporate customers as well as the communities it serves. The Company also offers online banking, mobile banking and a remote deposit service. The Company provides a variety of lending products to small and medium-sized businesses, including commercial real estate loans; commercial construction loans, and Small Business Administration (SBA) lending. Through third party networks, the Company offers its customers access to a full range of business insurance products and business and consumer credit card products.
FVCBANKCORP, INC. 
