A Business at a Glance
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The Company is a registered bank holding company headquartered in Fairfax, Virginia. We operate primarily through our sole subsidiary, FVCbank (the "Bank"), a community oriented, locally-owned and managed commercial bank organized under the laws of the Commonwealth of Virginia. We serve the banking needs of commercial businesses, nonprofit organizations, professional service entities, and their respective owners and employees located in the greater Washington, D.C. and Baltimore metropolitan areas. The Company was established as the holding company for the Bank in 2015. Since the Bank began operations in November 2007, it has grown largely organically, through de novo branch expansion, banker and customer acquisition, and two whole-bank acquisitions. In 2012, we completed the acquisition of 1st Commonwealth Bank of Virginia ("1st Commonwealth"), a $58.9 million asset savings and loan association in Arlington, Virginia.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 65M | 58M | 41M | 68M | 62M | 56M |
| Net Income | 21M | 15M | 3.8M | 25M | 22M | 16M |
| EPS | $1.17 | $0.82 | $0.21 | $1.35 | $1.20 | $0.88 |
| Free Cash Flow | 21M | 18M | 16M | 22M | 19M | 15M |
| ROIC | 8.5% | 22.5% | 1.8% | 18.5% | 14.3% | 8.2% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 8.34 | 9.09 | 10.58 | 9.50 | 8.61 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 616K | 76M | 837K | 46M | 39M | 1.1M |
| Operating Margin | 0.9% | 129.9% | 2.0% | 68.2% | 62.2% | 2.0% |
| ROE | 8.5% | 6.7% | 1.8% | 12.3% | 10.5% | 8.2% |
| Shares Outstanding | 18M | 18M | 18M | 19M | 18M | 18M |
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 35M | 41M | 51M | 56M | 62M | 68M | 41M | 58M | 65M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 23M | 1.1M | 1.1M | 1.1M | 39M | 46M | 837K | 76M | 616K |
| Op. Margin | 64.8% | 2.5% | 2.2% | 2.0% | 62.2% | 68.2% | 2.0% | 129.9% | 0.9% |
| Net Income | 7.7M | 11M | 16M | 16M | 22M | 25M | 3.8M | 15M | 21M |
| Net Margin | 21.9% | 26.2% | 31.3% | 27.9% | 35.2% | 36.7% | 9.3% | 25.9% | 32.8% |
| Non-Recurring | 0 | 0 | 0 | 676K | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||
| ROIC | 12.2% | 6.9% | 8.8% | 8.2% | 14.3% | 18.5% | 1.8% | 22.5% | 8.5% |
| ROE | 7.8% | 6.9% | 8.8% | 8.2% | 10.5% | 12.3% | 1.8% | 6.7% | 8.5% |
| ROA | 0.7% | 0.8% | 1.0% | 0.9% | 1.0% | 1.1% | 0.2% | 0.7% | 62.3% |
| Cash Flow | |||||||||
| Op. Cash Flow | 10M | 13M | 19M | 15M | 19M | 22M | 16M | 18M | 21M |
| Free Cash Flow | 10.0M | 13M | 19M | 15M | 19M | 22M | 16M | 18M | 21M |
| Owner Earnings | 9.3M | 12M | 18M | 14M | 18M | 21M | 15M | 17M | 20M |
| CapEx | 500K | 743K | 311K | 353K | 485K | 166K | 212K | 141K | 46K |
| Maint. CapEx | 536K | 497K | 643K | 615K | 555K | 424K | 390K | 280K | 280K |
| Growth CapEx | 0 | 246K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 536K | 497K | 643K | 615K | 555K | 424K | 390K | 280K | 280K |
| CapEx/OCF | 4.8% | 5.6% | 1.6% | 2.4% | 2.5% | 0.7% | 1.3% | 0.8% | 0.2% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 7.3M | 0 | 730K | 1.5M | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 3.6% | N/A | 0.3% | 0.6% | N/A | 0.0% |
| Stock-Based Comp | 628K | 707K | 679K | 690K | 1.0M | 1.2M | 1.1M | 789K | 789K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 9.72 | 7.54 | 7.58 | 8.61 | 9.50 | 10.58 | 9.09 | 8.34 | 0.00 |
| Interest Coverage | 2.8 | 0.1 | 0.1 | 0.1 | 3.7 | 3.0 | 0.0 | 1.4 | 1.4 |
| Equity | 98M | 158M | 179M | 190M | 210M | 202M | 217M | 235M | 250M |
| Total Assets | 1.1B | 1.4B | 1.5B | 1.8B | 2.2B | 2.3B | 2.2B | 2.2B | 34M |
| Total Liabilities | 955M | 1.2B | 1.4B | 1.6B | 2.0B | 2.1B | 2.0B | 2.0B | 374M |
| Intangibles | 198K | 17M | 17M | 17M | 16M | 16M | 15M | 15M | 15M |
| Retained Earnings | 26M | 37M | 52M | 68M | 90M | 115M | 116M | 131M | 131M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 2.0M | 5.6M | 8.7M | 18M | 53M | 16M | 11M | 14M | 14M |
| Per Share Data | |||||||||
| EPS | 0.54 | 0.68 | 0.86 | 0.88 | 1.20 | 1.35 | 0.21 | 0.82 | 1.17 |
| Owner EPS | 0.65 | 0.76 | 0.98 | 0.77 | 0.98 | 1.12 | 0.81 | 0.93 | 1.11 |
| Book Value | 6.85 | 9.91 | 9.68 | 10.76 | 11.48 | 10.94 | 11.93 | 12.81 | 13.82 |
| Cash Flow/Share | 0.73 | 0.83 | 1.05 | 0.84 | 1.06 | 1.21 | 0.89 | 0.99 | 1.19 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 14.3M | 16.0M | 18.5M | 17.6M | 18.3M | 18.5M | 18.2M | 18.4M | 18.1M |
| Valuation | |||||||||
| P/E Ratio | 25.8 | 19.4 | 15.9 | 13.0 | 12.9 | 11.0 | 68.6 | 14.6 | 13.2 |
| P/FCF | 19.8 | 16.7 | 13.2 | 13.9 | 15.0 | 12.3 | 16.3 | 12.1 | 13.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 454.2 |
| Price/Book | 2.0 | 1.3 | 1.4 | 1.1 | 1.4 | 1.4 | 1.2 | 0.9 | 1.1 |
| Price/Sales | 3.9 | 5.5 | 5.1 | 3.1 | 4.3 | 4.3 | 5.2 | 3.8 | 4.3 |
| FCF Yield | 5.0% | 6.0% | 7.6% | 7.2% | 6.7% | 8.1% | 6.1% | 8.2% | 7.5% |
| Market Cap | 198M | 211M | 252M | 202M | 284M | 274M | 262M | 219M | 280M |
| Avg. Price | 9.65 | 14.32 | 13.82 | 9.80 | 14.53 | 15.68 | 11.76 | 11.98 | 15.48 |
| Year-End Price | 13.82 | 13.18 | 13.64 | 11.45 | 15.51 | 14.82 | 14.41 | 11.94 | 15.48 |
FVCBankcorp, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
FVCBankcorp, Inc. trades at 13.2x trailing earnings, compared to its 15-year median P/E of 15.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.3x vs a median of 14.4x. The company's 5-year average ROIC is 13.1%. At current prices, the estimated annualized return to fair value is +4.4%.
FVCBankcorp, Inc. (FVCB) has a current P/E ratio of 13.2, compared to its historical median P/E of 15.2. The stock is currently considered Fair based on its historical valuation range.
FVCBankcorp, Inc. (FVCB) has a 5-year average return on invested capital (ROIC) of 13.1%. This indicates solid capital allocation.
FVCBankcorp, Inc. (FVCB) has a market capitalization of $280M. It is classified as a small-cap stock.
FVCBankcorp, Inc. (FVCB) does not currently pay a regular dividend.
Based on historical P/E analysis, FVCBankcorp, Inc. (FVCB) appears fair. The current P/E of 13.2 is 13% below its historical median of 15.2. The estimated fair value CAGR (P/E method) is -4.1%.
FVCBankcorp, Inc. (FVCB) operates in the State Commercial Banks industry, within the Financials sector.
FVCBankcorp, Inc. (FVCB) reported annual revenue of $58 million in its most recent fiscal year, based on SEC EDGAR filings.
FVCBankcorp, Inc. (FVCB) has a net profit margin of 25.9%. This is a strong margin indicating high profitability.
FVCBankcorp, Inc. (FVCB) generated $18 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FVCBankcorp, Inc. (FVCB) has a debt-to-equity ratio of 8.34. This indicates higher leverage, which may increase financial risk.
FVCBankcorp, Inc. (FVCB) reported earnings per share (EPS) of $0.82 in its most recent fiscal year.
FVCBankcorp, Inc. (FVCB) has a return on equity (ROE) of 6.7%. This indicates moderate shareholder returns.
The Ledger Terminal provides 8 years of financial data for FVCBankcorp, Inc. (FVCB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FVCBankcorp, Inc. (FVCB) has a book value per share of $12.81, based on its most recent annual SEC filing.