FVCBankcorp, Inc. (NASDAQ: FVCB)

FVCBankcorp, Inc. is a registered bank holding company headquartered in Fairfax, Virginia. The Company operates primarily through its sole subsidiary, FVCbank, a community-oriented, locally-owned and managed commercial bank organized under the laws of the Commonwealth of Virginia. FVCbank serves 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, the Company completed the acquisition of 1st Commonwealth Bank of Virginia, a $58.9 million asset savings and loan association in Arlington, Virginia. On October 12, 2018, the Company completed its acquisition of Colombo Bank, which was headquartered in Rockville, Maryland, and added banking locations in Washington, D. C., and Montgomery County and the City of Baltimore in Maryland.

FVCBankcorp, Inc. generates revenue primarily through interest income earned on its loan portfolio and fees from various banking services. The Company's lending activities include commercial real estate loans, commercial construction loans, commercial loans for working capital, equipment purchases, lines of credit, government contract financing, Small Business Administration lending, asset based lending, accounts receivable financing, home equity loans, home equity lines of credit, and consumer loans. Through its partnership with Atlantic Coast Mortgage, LLC, the Bank purchases residential mortgage loans originated in its market area to diversify its loan portfolio. The Company also generates revenue from deposit products such as interest and noninterest-bearing transaction accounts, certificates of deposit, savings, and money market accounts, as well as treasury management services, escrow management, credit card processing, and merchant services. Additional revenue streams include income from investment securities and fees from third-party networks offering business insurance and credit card products.

The company operates through the following segments:

• Commercial Banking: This segment provides a full range of banking services to small and medium-sized businesses, professionals, nonprofit organizations, and investors in the Washington, D. C. and Baltimore metropolitan areas. Services include commercial real estate lending, commercial construction loans, government contract financing, and treasury management solutions. The segment emphasizes relationship-driven marketing and customized financial solutions delivered by seasoned professionals.

• Retail Banking: This segment offers retail banking services to individual customers, including personal checking and savings accounts, certificates of deposit, and money market accounts. It also provides digital banking, mobile banking, and remote deposit services to facilitate expedient deposit transactions. The segment supports consumer depositors through online and mobile banking platforms that complement the branch network.

• Mortgage Banking: Through its investment in Atlantic Coast Mortgage, LLC, this segment involves the purchase of residential mortgage loans originated in the market area to diversify the loan portfolio. The Bank provides a warehouse lending facility to ACM, which includes construction-to-permanent financing lines. The segment has developed portfolio mortgage products to support diversification of the held-to-investment loan portfolio.

FVCBankcorp, Inc. holds a modest but growing market share in the highly competitive Washington, D. C. and Baltimore metropolitan banking markets. As of June 30, 2025, the Company's deposit market share was approximately 1.9% in the Washington MSA and 0.08% in the Baltimore MSA when excluding deposits held by the largest institutions such as Capital One, Bank of America Corporation, Truist Bank, Wells Fargo Bank, and PNC Bank. The Company differentiates itself through its status as a locally owned and managed independent community bank, offering high-touch service with few added fees, personalized customer relationships, and selective lending practices that contribute to strong asset quality. Its competitive advantages include deep community ties, employee and shareholder referral networks, and expertise in government contract financing within the Washington, D. C. metropolitan area.

The Company serves commercial businesses, nonprofit organizations, professional service entities, and their respective owners and employees in the greater Washington, D. C. and Baltimore metropolitan areas. Its customer base includes small and medium-sized businesses, government contractors, technology and service firms, equipment providers, and entities working on classified projects. The Bank also serves individual consumers through retail deposit and lending products, including home equity lines of credit and consumer loans for constructive purposes. Additionally, FVCbank provides banking services to licensed cannabis industry customers in Virginia, Maryland, and the District of Columbia, including multi-state operators, fully integrated state-wide operators, independent dispensary/cultivation licensees, and provisional cannabis licensees.