FVCBankcorp (FVCB) investor relations material

Executive summary

• Net income for Q2 2026 was $8.2 million ($0.45 diluted EPS), up 45% year-over-year and 29% sequentially, driven by core operating growth and a one-time pre-tax gain of $847,000 from the sale of a minority interest.

• Six-month net income was $14.6 million ($0.81 diluted EPS), up 35% year-over-year.

• Core operating earnings (non-GAAP) for Q2 2026 were $7.6 million, up 36% year-over-year.

• 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.

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

• Total assets reached $2.37 billion, up $74.9 million from year-end 2025.

• Loans receivable, net, were $1.90 billion at June 30, 2026, up 2% year-over-year but down 1% sequentially.

• Allowance for credit losses was $19.2 million (1.01% of loans), up from $18.9 million (0.97%) at year-end.

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.

• Management continues to monitor economic conditions, interest rates, and credit quality, maintaining disciplined underwriting and proactive risk management.

• No material changes to risk factors or forward-looking guidance were disclosed.