FVCBankcorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 25, 2019 at 04:06 pm EST
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FVCBankcorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, Net interest income was $11,817,000 against $8,451,000 reported a year ago. Net Income was $1,410,000 against $1,005,000 reported a year ago. Basic EPS was $0.10 against $0.09 per share reported a year ago. Diluted EPS was $0.10 against $0.08 per share reported a year ago.
For the full year, Net interest income was $39,814,000 against $32,107,000 reported a year ago. Net Income was $10,869,000 against $7,690,000 reported a year ago. Basic EPS was $0.93 against $0.74 per share reported a year ago. Diluted EPS was $0.85 against $0.67 per share reported 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. 
