FVCB

FAIRFAX, Va., July 21, 2026--(BUSINESS WIRE)--FVCBankcorp, Inc. (NASDAQ: FVCB) (the "Company") today reported net income of $8.2 million for the quarter ended June 30, 2026 compared to net income of $5.7 million for the quarter ended June 30, 2025, an increase of $2.6 million, or 45%. Compared to the linked quarter, net income increased $1.8 million, or 29%, from $6.4 million for the quarter ended March 31, 2026. Included in net income for the three months ended June 30, 2026 is a one-time pre-tax gain of $847 thousand attributable to the completed sale of the Company’s interest in Bearing Insurance Group, LLC to an unaffiliated third party. Diluted earnings per share were $0.45 for the quarter ended June 30, 2026 compared to $0.31 for the quarter ended June 30, 2025, an increase of 45%. Compared to the quarter ended March 31, 2026, diluted earnings per share for the second quarter of 2026 increased $0.10, or 29%, from $0.35. Return on average assets for the quarter ended June 30, 2026 was 1.48%, an increase from 1.17% for the quarter ended March 31, 2026, and an increase from 1.02% for the year ago quarter ended June 30, 2025. Return on average equity increased to 12.50% for the quarter ended June 30, 2026, compared to 10.04% for the quarter ended March 31, 2026, and 9.39% for the year ago quarter ended June 30, 2025. Second Quarter Selected Financial Highlights Quarterly Core Operating Earnings Increased 36% Year-Over-Year. Core operating earnings (non-GAAP), which excludes from net income the gain on the sale of a minority interest totaling $847 thousand in 2026 and termination of derivative instruments totaling $154 thousand in 2025, increased 36%, or $2.0 million, to $7.6 million for the quarter ended June 30, 2026 compared to $5.5 million for the quarter ended June 30, 2025. Refer below to the "Reconciliation of Net Income (GAAP) to Core Operating Earnings (Non-GAAP)" table for further information. Net Interest Margin Increased to 3.53%, Up 22% Compared to the Year Ago Quarter. For the quarter ended June 30, 2026, net interest margin improved 63 basis points to 3.53% from 2.90% for the three months ended June 30, 2025, and increased 27 basis points compared to 3.26% for the linked quarter ended March 31, 2026. Net interest income for the second quarter of 2026 included $1.0 million in loan fees related to the prepayment of a commercial real estate ("CRE") loan at the end of the quarter. When excluding these loan fees, net interest margin was 3.35% for the second quarter of 2026, an increase of 9 basis points from the linked quarter ended March 31, 2026. Additionally, the Company's cost of deposits decreased to 2.40% for the quarter ended June 30, 2026, a decrease of 34 basis points from 2.74% for the year ago quarter ended June 30, 2025. Efficiency Ratio Improved to 49.71% for the Current Quarter. The efficiency ratio decreased 12% to 49.71% for the second quarter of 2026 compared 56.23% for the same period of 2025, and decreased 8% from 53.98% for the linked quarter ended March 31, 2026. Excluding the gain on the sale of minority interest of $847 thousand recorded during the second quarter of 2026, the adjusted efficiency ratio (non-GAAP) for the second quarter of 2026 was 51.77%. Core Deposits Grew 2% During the Quarter; 9% Year-Over-Year. Core depositsThe original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect. increased $42.8 million, or 2%, to $1.81 billion at June 30, 2026 compared to $1.77 billion at March 31, 2026, and increased $142.0 million, or 9%, when compared to $1.67 billion at June 30, 2025. Noninterest-bearing deposits increased $46.0 million, or 12%, to $415.3 million during the quarter ended June 30, 2026, and increased $59.1 million, or 17%, year-over-year. During the quarter, wholesale deposits decreased $18.8 million, or 7%, to end at $241.2 million at June 30, 2026. Continued Solid Credit Quality. Loans past due 30 days or more totaled $2.3 million at June 30, 2026, a decrease of $1.0 million, or 30%, from $3.3 million at March 31, 2026. Nonperforming loans to total assets remained at 0.48% at June 30, 2026 and at December 31, 2025. Nonperforming loans at June 30, 2026 decreased to $11.4 million from $12.2 million at March 31, 2026. The Company recorded net recoveries of $2 thousand for the quarter ended June 30, 2026. Sound, Well Capitalized Balance Sheet. Total risk-based capital to risk-weighted assets for FVCbank (the "Bank") was 16.43% at June 30, 2026, compared to 15.38% at December 31, 2025. The tangible common equity ("TCE") to tangible assets ("TA") ratio for the Bank was 11.52% at June 30, 2026, up from 11.38% at December 31, 2025. The Bank’s investment securities are classified as available-for-sale, and therefore the unrealized losses on these securities are fully reflected in the TCE/TA ratio. Quarterly Cash Dividend. On July 16, 2026, the Company declared a quarterly cash dividend of $0.07 for each share of its common stock outstanding. The dividend is payable on August 17, 2026 to shareholders of record on July 27, 2026. Based on the current number of shares outstanding, the aggregate payment will be approximately $1.3 million. For the six months ended June 30, 2026, the Company reported net income of $14.6 million, or $0.81 diluted earnings per share, compared to $10.8 million, or $0.59 diluted earnings per share, for the six months ended June 30, 2025, an increase of $3.8 million, or 35%. Return on average assets for the six months ended June 30, 2026 was 1.33%, an increase from 0.98% for the six months ended June 30, 2025. Return on average equity increased to 11.29% for the six months ended June 30, 2026, an increase from 8.99% for the six months ended June 30, 2025. The Company considers core operating earnings a useful comparative financial measure of the Company’s operating performance over multiple periods. Core operating earnings is determined by methods other than in accordance with U.S. generally accepted accounting principles ("GAAP"). A reconciliation of non-GAAP financial measures to their most comparable financial measure in accordance with GAAP can be found in the tables below. Management Comments David W. Pijor, Esq., Chairman and Chief Executive Officer of the Company, said: "Our record earnings are the result of our relationship driven strategy and disciplined approach to grow our core customer base. We continue to see margin expansion, our tenth consecutive quarter, improving to 3.53%. This is our fifth consecutive quarter reporting an annualized return of average assets of 1% or better, improving to 1.48% for the second quarter of 2026. We are also pleased to see continued growth in our core deposits, growing 9% year-over-year. Lastly, we have focused on reducing our regulatory concentration of commercial real estate loans, which as of June 30, 2026, is now 287% of regulatory capital." Patricia A. Ferrick, President of the Company, said: "We remain focused on enhancing profitability and continued operating efficiency. We are equally committed to increasing our loans and deposits by adding new customers and by deepening our existing customer relationships. Our recently announced Hampton Roads loan production office will further support this strategic objective." Statement of Condition Total assets were $2.37 billion at June 30, 2026 and $2.29 billion at December 31, 2025, an increase of $74.9 million, or 3%. Compared to the year ago quarter ended June 30, 2025, total assets increased $129.9 million, or 6%, from $2.24 billion. Loans, net of fees, were $1.90 billion at June 30, 2026, $1.94 billion at December 31, 2025, and $1.87 billion at June 30, 2025. During the most recent quarter, loans, net of fees, decreased $23.9 million, or 1%, primarily due to two unexpected loan payoffs totaling $48.7 million which contributed to the recognition of $1.0 million in loan prepayment fees. When compared to June 30, 2025, loans, net of fees, increased $30.3 million, or 2%. For the second quarter of 2026, loan originations totaled $36.6 million with a weighted average rate of 7.32%. Additional loan originations that were expected to close during the second quarter of 2026 are now anticipated to close during the early part of the third quarter of 2026. Loan renewals totaled $29.2 million and had a weighted average rate of 6.81%. Loans that paid off during the second quarter of 2026 totaled $87.2 million and had a weighted average rate of 6.90%, and were primarily comprised of CRE and construction loans. Commercial lines of credit decreased $11.8 million at June 30, 2026 when compared to March 31, 2026, contributing to the decrease in net loans for the second quarter. The outstanding balance of the Company’s warehouse lending facility increased $33.3 million for the quarter ended June 30, 2026 to end at $67.3 million and had a weighted average yield of 5.72%. Investment securities were $147.2 million at June 30, 2026, $153.4 million at December 31, 2025, and $157.1 million at June 30, 2025. For the quarter ended June 30, 2026, investment securities decreased due to principal repayments totaling $3.2 million, offset by an increase in the portfolio’s unrealized losses totaling $186 thousand. Total deposits were $2.05 billion at June 30, 2026, $2.00 billion at December 31, 2025, and $1.90 billion at June 30, 2025. For the second quarter of 2026, total deposits increased $24.0 million, or 1%. Core deposits, which exclude wholesale deposits, increased $42.8 million, or 2%, for the quarter ended June 30, 2026. Noninterest-bearing deposits increased $46.0 million, or 12%, for the quarter ended June 30, 2026, and were 20.2% of total deposits. At June 30, 2026 and December 31, 2025, reciprocal deposits, which are mostly comprised of interest checking and savings accounts, totaled $291.9 million and $291.8 million, respectively, and are considered part of the Company’s core deposit base. The Company continues to build core deposits at lower interest rates. At June 30, 2026 and December 31, 2025, wholesale funding totaled $241.2 million and $285.0 million, respectively, a decrease of $43.8 million or 15% from year end. Wholesale funding at June 30, 2026 was fully comprised of wholesale time deposits and had a weighted average rate of 3.45%. During the second quarter of 2026, the Company unwound $170 million in pay-fixed/receive-floating interest rate swaps that had an average rate of 3.27%. The gain associated with this unwind totaled $1.7 million and is amortized over the remaining term of the cash flow hedges into interest expense, as the funding associated with these cash flow hedges is still in place. Shareholders’ equity at June 30, 2026 was $265.4 million, $253.6 million at December 31, 2025, and $243.2 million at June 30, 2025. Shareholders’ equity at June 30, 2026 increased $11.8 million, or 5%, from December 31, 2025. Earnings for the six months ended June 30, 2026 contributed $14.6 million to the increase in shareholders’ equity. The increase to shareholders’ equity from earnings was partially offset by increased cash dividends paid during 2026 totaling $2.3 million and shares repurchased during the second quarter of 2026 totaling $2.1 million. Accumulated other comprehensive loss increased $135 thousand for the six months ended June 30, 2026, and is attributable to market value decreases in the Company’s available-for-sale investment securities portfolio. Tangible book value per share (a non-GAAP financial measure which is defined in the tables below) at June 30, 2026 and December 31, 2025 was $14.31 and $13.74, respectively, an increase of 4%. The Bank was well-capitalized at June 30, 2026, with total risk-based capital ratio of 16.43%, common equity tier 1 risk-based capital ratio of 15.41%, and tier 1 leverage ratio of 12.94%. Asset Quality For the three months ended June 30, 2026 and 2025, the Company recorded a provision for credit losses totaling $242 thousand and $105 thousand, respectively. For the six months ended June 30, 2026 and 2025, provision for credit losses was $409 thousand and $305 thousand, respectively. At June 30, 2026 and December 31, 2025, the allowance for credit losses ("ACL") was $19.2 million and $18.9 million, respectively. The ACL to total loans, net of fees, was 1.01% at June 30, 2026, compared to 0.97% at December 31, 2025. The increase in the ACL was primarily attributable to the updated economic forecast used for the quantitative portion of the ACL calculation for the quarter ended June 30, 2026. The Company recorded net charge-offs of $1 thousand for the six months ended June 30, 2026 compared to net charge-offs of $378 thousand for the six months ended June 30, 2025. The Company proactively assesses the credit risks within its loan portfolio through its established portfolio monitoring programs, working diligently with its customers to minimize losses. At June 30, 2026 and December 31, 2025, the Company’s watch list loans totaled $57.9 million. The Company continues to work with the borrowers of these loans and believes there will be satisfactory resolution to each of these loans. Nonperforming loans at June 30, 2026 totaled $11.4 million, or 0.48% of total assets, compared to $10.9 million, or 0.48% of total assets, at December 31, 2025. The increase in nonperforming loans at June 30, 2026 was primarily due to one loan placed on nonaccrual totaling $744 thousand, which is a consumer residential loan, offset by a decrease in loans past due over 90 days of $279 thousand. The Company had no other real estate owned at each of June 30, 2026 and December 31, 2025. Commercial Real Estate Portfolio The regulatory concentration ratio of CRE and construction loans to total risk-based capital was 287% and the ratio of construction loans to total risk-based capital was 45%, at June 30, 2026. At June 30, 2026, CRE loans totaled $962.3 million, or 51% of total loans, net of fees, and construction loans totaled $139.3 million, or 7% of total loans, net of fees. Included in CRE loans are loans secured by office properties totaling $131.3 million, or 7% of total loans, which are primarily located in the Virginia and Maryland suburbs of the Company’s market area, with $982 thousand, or 0.05% of total loans, located in Washington, D.C. Loans secured by retail properties totaled $207.6 million, or 11% of total loans, at June 30, 2026, with $9.0 million, or 0.47% of total loans, located in Washington, D.C. Loans secured by multi-family properties totaled $180.7 million, or 10% of total loans, at June 30, 2026, with $79.9 million, or 4% of total loans, located in Washington, D.C. (a decrease from $98.7 million at December 31, 2025). The CRE portfolio, including construction loans, is diversified by asset type and geographic concentration. The Company manages the CRE portfolio in a disciplined manner, and has comprehensive policies to monitor, measure, and mitigate its loan concentrations within this portfolio segment, including rigorous credit approval, monitoring and administrative practices. The following table provides further stratification of these and additional classes of real estate loans at June 30, 2026 (dollars in thousands). During its assessment of the ACL, the Company addressed the credit risks associated with these portfolio segments and believes that as a result of its conservative underwriting discipline at loan origination and its ongoing loan monitoring procedures, the Company has appropriately reserved for possible credit concerns in the event of a downturn in economic activity. Minority Investment in Mortgage Banking Operation For the three months ended June 30, 2026 and 2025, the Company recorded income of $600 thousand and $351 thousand, respectively, related to its investment in Atlantic Coast Mortgage, LLC ("ACM"). For the six months ended June 30, 2026 and 2025, income from ACM totaled $840 thousand and $491 thousand, respectively. The increase in earnings at ACM is a direct result of continued success in executing their strategic growth and geographic diversification initiatives, resulting in a 72% increase in loan originations for the six months ended June 30, 2026 compared to the same period ended June 30, 2025. The Company’s investment in ACM is reflected as a nonconsolidated minority investment, and as such, the Company’s income generated from the investment is included in non-interest income. Income Statement The Company recorded net income of $8.2 million for the three months ended June 30, 2026 compared to net income of $5.7 million for the three months ended June 30, 2025, an increase of $2.6 million, or 45%. Compared to the linked quarter, net income for the three months ended June 30, 2026 increased $1.8 million, or 29%, from $6.4 million for the three months ended March 31, 2026. The Company recorded net income of $14.6 million for the six months ended June 30, 2026 compared to net income of $10.8 million for the six months ended June 30, 2025, an increase of $3.8 million, or 35%. Included in net income for both the three and six months ended June 30, 2026 is a one-time pre-tax gain of $847 thousand attributable to the completed sale of the Bank’s interest in Bearing Insurance Group, LLC to an unaffiliated third party. Net interest income increased $3.4 million, or 22%, to $19.1 million for the quarter ended June 30, 2026, compared to $15.8 million for the same period of 2025, and increased $1.7 million, or 10%, compared to the linked quarter ended March 31, 2026. The increase in net interest income for the second quarter of 2026 compared to the year ago quarter was primarily due to an increase in interest income from both increased yields on and level of average loans receivable. Additionally, the Company recorded $1.0 million in loan fees related to the prepayment of a commercial real estate loan at the end of the quarter. Interest expense continues to decrease compared to the year ago and linked quarters as deposits continue to reprice to lower interest rates. The Company's net interest margin increased 63 basis points to 3.53% for the quarter ended June 30, 2026 compared to 2.90% for the quarter ended June 30, 2025, and increased 27 basis points from 3.26% for the linked quarter ended March 31, 2026. The increase in net interest margin is a result of continued repricing of its loans receivable portfolio along with improvement in the cost of funding sources as the Company decreases interest rates on its various deposit products proportionately with any decrease in its yield on earning assets. In addition, net interest income for the second quarter of 2026 included $1.0 million in loan fees related to the prepayment of a commercial real estate loan at the end of the quarter. When excluding these loan fees, net interest margin was 3.35% for the second quarter of 2026, an increase of 9 basis points from the linked quarter ended March 31, 2026. Compared to the year ago quarter, interest income increased $1.7 million, or 6%, to $31.1 million, for the second quarter of 2026, and increased $1.3 million, or 4%, compared to the linked quarter ended March 31, 2026. Loan interest income increased $2.4 million, or 9%, to $29.5 million for the three months ended June 30, 2026, compared to $27.0 million for the three months ended June 30, 2025. This increase in loan interest income was a result of both an increase in average loans and an increase in the yields earned as loans are originated or renewed at higher interest rates compared to maturing loans. The yield on loans increased 33 basis points to 6.13% for the three months ended June 30, 2026 compared to 5.80% for the same period of 2025, and increased 25 basis points compared to the linked quarter ended March 31, 2026. As previously mentioned, interest income for the quarter ended June 30, 2026 included $1.0 million in loan fees related to the prepayment of a commercial real estate loan. Excluding these loan fees, the yield on loans was 5.93% for the quarter ended June 30, 2026, an increase from 5.80% for the year ago quarter ended June 30, 2025 and 5.88% for the linked quarter ended March 31, 2026. The Company anticipates continued increase in loan yields due to scheduled loan repricings. Within 12 months of June 30, 2026, $127.8 million in fixed rate commercial loans with a weighted average rate of 5.05% and $45.1 million in variable rate commercial loans with a weighted average rate of 4.21% are expected to reprice or mature. Within the following 24-36 months of June 30, 2026, $337.6 million in fixed rate commercial loans with a weighted average rate of 5.75% and an additional $117.5 million in variable rate commercial loans with a weighted average rate of 5.75% are scheduled to reprice or mature. In the near-term, the Company’s efforts to attain appropriate yields on new originations and the repricing of the commercial loan portfolio are expected to provide continued improvement in loan yields. Interest expense decreased $1.7 million, or 13%, to $11.9 million, for the quarter ended June 30, 2026, compared to $13.7 million for the quarter ended June 30, 2025, which is primarily attributable to the decrease in deposit costs. Interest expense on deposits decreased $1.6 million to $11.4 million for the three months ended June 30, 2026, compared to $13.0 million for the three months ended June 30, 2025. On a linked quarter basis, interest expense on deposits decreased $343 thousand, or 3%, compared to the quarter ended March 31, 2026. The cost of deposits (which includes noninterest-bearing deposits) for the second quarter ended June 30, 2026 was 2.40%, a decrease of 34 basis points from the year ago quarter ended June 30, 2025, and a decrease of 10 basis points compared to the linked quarter ended March 31, 2026, demonstrating the Company's ability to grow its customer base while reducing deposit costs. Interest expense on other borrowed funds for the quarter ended June 30, 2026 decreased $372 thousand, or 79%, to $96 thousand from $468 thousand, for the quarter ended June 30, 2025. Compared to the linked quarter ended March 31, 2026, interest expense on other borrowed funds decreased $52 thousand for the second quarter of 2026. Interest expense on long-term debt for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, was $476 thousand, $566 thousand, and $245 thousand, respectively. During the first quarter of 2026, the Company redeemed $18.8 million of its subordinated debt and issued $25 million of senior unsecured notes, and in doing so, recognized $244 thousand of unamortized debt issuance costs associated with the redemption during the first quarter of 2026. On February 11, 2026, the Company replaced this funding source through the issuance of $25 million in senior unsecured notes, which pay a fixed rate of 6.75%. The cost of interest-bearing liabilities for the second quarter of 2026 was 3.07% compared to 3.42% for the second quarter of 2025, a decrease of 35 basis points, and compared to the linked quarter ended March 31, 2026, decreased 12 basis points from 3.19%. Cost of funds, which includes noninterest-bearing deposits, decreased to 2.47% for the quarter ended June 30, 2026, a decrease from 2.61% for the linked quarter ended March 31, 2026, and a decrease from 2.79% for the year ago quarter ended June 30, 2025. Net interest income for the six months ended June 30, 2026 and 2025 was $36.6 million and $30.8 million, respectively, an increase of $5.7 million, or 19%, year-over-year. Interest income increased $2.9 million, or 5%, to $60.9 million for the six months ended June 30, 2026 compared to $58.0 million for the comparable 2025 period. Interest expense totaled $24.3 million for the six months ended June 30, 2026, a decrease of $2.8 million, or 10%, compared to $27.2 million for the six months ended June 30, 2025. The Company’s net interest margin for the six months ended June 30, 2026 was 3.40% compared to 2.87% for the year-ago six month period of 2025, an increase of 53 basis points, or 18%. Noninterest income for the three months ended June 30, 2026 and 2025 totaled $2.2 million and $1.0 million, respectively, an increase of $1.1 million. Compared to the linked quarter, noninterest income for the second quarter of 2026 increased $1.3 million from $883 thousand for the three months ended March 31, 2026. The increase in noninterest income during the most recent quarter is primarily attributable to the completed sale of the Bank’s interest in Bearing Insurance Group, LLC to an unaffiliated third party, which resulted in a pre-tax gain of $847 thousand. Service charges on deposit accounts totaled $427 thousand for the second quarter of 2026, an increase of $145 thousand, or 51%, compared to $282 thousand for the year ago quarter, and increased $66 thousand, or 18%, when compared to $361 thousand for the linked quarter ended March 31, 2026. The increase in service charges for the most recent quarter is a result of an increase in the Bank's fees during 2026 in addition to an increase in transactional activity from new and existing customers. Income from bank-owned life insurance increased to $74 thousand for the three months ended June 30, 2026, compared to $71 thousand for the same period of 2025. Income from the minority interest in ACM for the quarter ended June 30, 2026 was $600 thousand, an increase of $249 thousand, or 71%, compared to $351 thousand for the year ago quarter ended June 30, 2025. Duri...ng the quarter ended June 30, 2025, the Company unwound $15 million of its pay-fixed/receive floating interest rate swaps and the funding associated with that hedge, resulting in a gain of $154 thousand. No such gain was recorded for the second quarter of 2026. For the six months ended June 30, 2026, the Company recorded noninterest income of $3.0 million, compared to $1.7 million for the six months ended June 30, 2025, an increase of $1.4 million, or 81%. Fee income from loans was $187 thousand for the six months ended June 30, 2026, compared to $110 thousand for the same period of 2025. Service charges on deposit accounts totaled $789 thousand for the six months ended June 30, 2026, compared to $552 thousand for the six months ended June 30, 2025, an increase of $237 thousand, or 43%. Income from BOLI increased to $147 thousand for the six months ended June 30, 2026 compared to $141 thousand for the same period of 2025. Income from its minority interest in ACM was $840 thousand for the six months ended June 30, 2026, compared to $492 thousand for the same period of 2025, an increase of $348 thousand, or 71%. Noninterest expense totaled $10.6 million for the quarter ended June 30, 2026, an increase of $1.2 million, or 12%, compared to $9.4 million for the year ago quarter ended June 30, 2025. On a linked quarter basis, noninterest expense increased $717 thousand, or 7%, from $9.9 million for the three months ended March 31, 2026, primarily due to an increase in salaries and benefits expense during the second quarter of 2026. Compared to the year ago quarter, salaries and benefits expense increased $892 thousand, or 18%, for the three months ended June 30, 2026. The increases in salaries and benefits expense when compared to the linked and year ago quarters was primarily a result of the addition of lending and business development personnel, the filling of vacant positions, along with an increase in other incentive accruals and equity compensation vesting during the second quarter of 2026. Full-time equivalent employees have increased from 118 at June 30, 2025, and 122 at December 31, 2025, to 135 at June 30, 2026. Internet banking and software expense increased $20 thousand to $884 thousand for the second quarter of 2026 compared to $864 thousand for the year ago quarter ended June 30, 2025, and remained flat compared to the linked quarter ended March 31, 2026. Data processing and network administration expense increased $146 thousand to $696 thousand for the quarter ended June 30, 2026 when compared to the year ago quarter, and increased $78 thousand when compared to the linked quarter ended March 31, 2026, primarily as a result of an increase in customer banking transactions processed by the Company's core processor. The Company is focused on operating efficiencies and diligently identifying opportunities to reduce expenses. For the six months ended June 30, 2026 and 2025, noninterest expense was $20.5 million and $18.6 million, respectively, an increase of $1.9 million, or 10%, primarily as a result of the aforementioned increases in salaries and benefits expenses. The efficiency ratios for the quarters ended June 30, 2026, March 31, 2026, and June 30, 2025, were 49.7%, 54.0%, and 56.2%, respectively. For the six months ended June 30, 2026 and 2025, the efficiency ratio was 51.7% and 57.1%, respectively. Excluding the gain on the sale of minority interest of $847 thousand recorded during the second quarter of 2026, the adjusted efficiency ratio for the three and six months ended June 30, 2026 was 51.8% and 52.8%, respectively. A reconciliation of the aforementioned adjusted efficiency ratio, a non-GAAP financial measure, can be found in the tables below. The Company recorded a provision for income taxes of $2.2 million and $1.6 million for the three months ended June 30, 2026 and 2025, respectively. The effective tax rates for the three months ended June 30, 2026 and 2025 were 21.5% and 21.7%, respectively. For the six months ended June 30, 2026 and 2025, provision for income taxes was $4.1 million and $2.8 million, respectively, and the effective tax rates for those same periods were 22.0% and 20.5%, respectively. About FVCBankcorp, Inc. FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a $2.37 billion asset-sized Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington, D.C. metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 8 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington, D.C., and Baltimore, and Bethesda, Maryland. For more information about the Company, please visit the Investor Relations page of FVCBankcorp, Inc.’s website, www.fvcbank.com. Cautionary Note About Forward-Looking Statements This press release may contain statements relating to future events or future results of the Company that are considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan," or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on its expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond its control. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. The following factors, among others, could cause the Company's financial performance to differ materially from that expressed in such forward-looking statements: general business and economic conditions, including higher inflation and its impacts, nationally or in the markets that the Company serves could adversely affect, among other things, real estate valuations, unemployment levels, the ability of businesses to remain viable, consumer and business confidence, and consumer or business spending, which could lead to decreases in demand for loans, deposits, and other financial services that the Company provides and increases in loan delinquencies and defaults; the concentration of the Company’s business in and around the Washington, D.C. metropolitan area and the effects of changes in the economic, political, and environmental conditions on this market, including shutdowns of the U.S. government, and potential reductions in spending by the U.S. government and related reductions in the federal workforce; the impact of the interest rate environment on the Company’s business, financial condition and results of operation, and its impact on the composition and costs of deposits, loan demand, and the values and liquidity of loan collateral, securities, and interest sensitive assets and liabilities; changes in the Company’s liquidity requirements could be adversely affected by changes in its assets and liabilities; changes in the assumptions underlying the establishment of reserves for possible credit losses and the possibility that future credit losses may be higher than currently expected; the management of risks inherent in the Company’s real estate loan portfolio, and the risk of a prolonged downturn in the real estate market, which could impair the value of loan collateral and the ability to sell collateral upon any foreclosure; changes in market conditions, specifically declines in the commercial and residential real estate market, volatility and disruption of the capital and credit markets, and soundness of other financial institutions that the Company does business with; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; the Company's investment securities portfolio is subject to credit risk, market risk, and liquidity risk as well as changes in the estimates used to value the securities in the portfolio; declines in the Company’s common stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause the Company to record a noncash impairment charge to earnings in future periods; the effect of any change in federal government enforcement of federal laws affecting the cannabis industry; potential exposure to fraud, negligence, computer theft and cyber-crime, and the Company’s ability to maintain the security of its data processing and information technology systems; the impact of changes in bank regulatory conditions, including laws, regulations and policies concerning capital requirements, deposit insurance premiums, taxes, securities, and the application thereof by regulatory bodies; the effect of changes in accounting policies and practices, as may be adopted from time to time by bank regulatory agencies, the Securities and Exchange Commission (the "SEC"), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setting bodies; competitive pressures among financial services companies, including the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers; the effect of acquisitions and partnerships the Company may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions; the Company's involvement, from time to time, in legal proceedings and examination and remedial actions by regulators; geopolitical conditions, including trade restrictions and tariffs, and acts or threats of terrorism and/or military conflicts, or actions taken by the United States or other governments in response to trade restrictions and tariffs, and acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; and the occurrence of significant natural disasters, including severe weather conditions, floods, health related issues or emergencies, and other catastrophic events. The foregoing factors should not be considered exhaustive and should be read together with other cautionary statements that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, including those discussed in the section entitled "Risk Factors," and in the Company’s other periodic and current reports filed with the SEC. If one or more of the factors affecting our forward-looking information and statements proves incorrect, then the Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on our forward-looking information and statements. The Company will not update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict their occurrence or how they will affect the Company’s operations, financial condition or results of operations. FVCBankcorp, Inc.Selected Financial Data(Dollars in thousands, except share and per share data)(Unaudited) FVCBankcorp, Inc.Summary Consolidated Statements of Condition(Dollars in thousands)(Unaudited) FVCBankcorp, Inc.Summary Consolidated Statements of Income(Dollars in thousands, except share and per share data)(Unaudited) FVCBankcorp, Inc.Summary Consolidated Statements of Income(Dollars in thousands, except share and per share data)(Unaudited) FVCBankcorp, Inc.Average Statements of Condition and Yields on Earning Assets and Interest-Bearing Liabilities(Dollars in thousands)(Unaudited) FVCBankcorp, Inc.Average Statements of Condition and Yields on Earning Assets and Interest-Bearing Liabilities(Dollars in thousands)(Unaudited) View source version on businesswire.com: https://www.businesswire.com/news/home/20260721357078/en/ Contacts For further information, contact:David W. Pijor, Esq., Chairman and Chief Executive OfficerPhone: (703) 436-3802Email: [email protected] Patricia A. Ferrick, PresidentPhone: (703) 436-3822Email: [email protected]

FVCBankcorp (FVCB) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.3 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +16.67%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.35, delivering a surprise of +6.06%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. FVCBankcorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $21.3 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 12.11%. This compares to year-ago revenues of $16.61 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FVCBankcorp shares have added about 26.1% since the beginning of the year versus the S&P 500's gain of 8.7%. While FVCBankcorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FVCBankcorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.38 on $19.72 million in revenues for the coming quarter and $1.47 on $77.01 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, OptimumBank Holdings, Inc. (OPHC), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -31%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. OptimumBank Holdings, Inc.'s revenues are expected to be $14.2 million, up 17.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fvcbankcorp, Inc. (FVCB) : Free Stock Analysis Report OptimumBank Holdings, Inc. (OPHC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

FAIRFAX, Va., July 16, 2026--(BUSINESS WIRE)--FVCBankcorp, Inc. (NASDAQ: FVCB) (the "Company") today announced that the Company’s Board of Directors has declared a cash dividend of $0.07 for each share of its common stock outstanding. The dividend is payable on August 17, 2026 to shareholders of record on July 27, 2026. The declaration and payment of future dividends are subject to the sole discretion of the Board of Directors in addition to regulatory restrictions. About FVCBankcorp, Inc. FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington, D.C. metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 8 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington, D.C., and Baltimore, and Bethesda, Maryland. For more information about the Company, please visit the Investor Relations page of FVCBankcorp, Inc.’s website, www.fvcbank.com. Cautionary Note About Forward-Looking Statements This press release may contain statements relating to future events or future results of the Company that are considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan," or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on their expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond their control. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. The following factors, among others, could cause their financial performance to differ materially from that expressed in such forward-looking statements: general business and economic conditions, including higher inflation and its impacts, nationally or in the markets that the Company serves could adversely affect, among other things, real estate valuations, unemployment levels, the ability of businesses to remain viable, consumer and business confidence, and consumer or business spending, which could lead to decreases in demand for loans, deposits, and other financial services that the Company provides and increases in loan delinquencies and defaults; the concentration of the Company’s business in and around the Washington, D.C. metropolitan area and the effects of changes in the economic, political, and environmental conditions on this market, including potential reductions in spending by the U.S. government and related reductions in the federal workforce; the impact of the interest rate environment on the Company’s business, financial condition and results of operation, and its impact on the composition and costs of deposits, loan demand, and the values and liquidity of loan collateral, securities, and interest sensitive assets and liabilities; changes in the Company’s liquidity requirements could be adversely affected by changes in their assets and liabilities; changes in the assumptions underlying the establishment of reserves for possible credit losses and the possibility that future credit losses may be higher than currently expected; the management of risks inherent in the Company’s real estate loan portfolio, and the risk of a prolonged downturn in the real estate market, which could impair the value of loan collateral and the ability to sell collateral upon any foreclosure; changes in market conditions, specifically declines in the commercial and residential real estate market, volatility and disruption of the capital and credit markets, and soundness of other financial institutions that the Company does business with; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; their investment securities portfolio is subject to credit risk, market risk, and liquidity risk as well as changes in the estimates used to value the securities in the portfolio; declines in the Company’s common stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause the Company to record a noncash impairment charge to earnings in future periods; potential exposure to fraud, negligence, computer theft and cyber-crime, and the Company’s ability to maintain the security of their data processing and information technology systems; the impact of changes in bank regulatory conditions, including laws, regulations and policies concerning capital requirements, deposit insurance premiums, taxes, securities, and the application thereof by regulatory bodies; the effect of changes in accounting policies and practices, as may be adopted from time to time by bank regulatory agencies, the Securities and Exchange Commission (the "SEC"), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setting bodies; competitive pressures among financial services companies, including the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers; the effect of acquisitions and partnerships the Company may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions; their involvement, from time to time, in legal proceedings and examination and remedial actions by regulators; geopolitical conditions, including trade restrictions and tariffs, and acts or threats of terrorism, or actions taken by the United States or other governments in response to trade restrictions and tariffs, and acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; and the occurrence of significant natural disasters, including severe weather conditions, floods, health related issues or emergencies, and other catastrophic events. The foregoing factors should not be considered exhaustive and should be read together with other cautionary statements that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, including those discussed in the section entitled "Risk Factors," and in the Company’s other periodic and current reports filed with the SEC. If one or more of the factors affecting our forward-looking information and statements proves incorrect, then the Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on our forward-looking information and statements. The Company will not update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict their occurrence or how they will affect the Company’s operations, financial condition or results of operations. View source version on businesswire.com: https://www.businesswire.com/news/home/20260716369036/en/ Contacts For further information, contact: David W. Pijor, Esq., Chairman and Chief Executive OfficerPhone: (703) 436-3802Email: [email protected] Patricia A. Ferrick, PresidentPhone: (703) 436-3822Email: [email protected]

FAIRFAX, Va., April 21, 2026--(BUSINESS WIRE)--FVCBankcorp, Inc. (NASDAQ: FVCB) (the "Company") today reported net income of $6.4 million for the quarter ended March 31, 2026 compared to net income of $5.2 million for the quarter ended March 31, 2025, an increase of $1.2 million, or 24%. Compared to the linked quarter, net income increased $739 thousand, or 13%, from $5.6 million for the quarter ended December 31, 2025. Diluted earnings per share were $0.35 for the quarter ended March 31, 2026 compared to $0.28 for the quarter ended March 31, 2025, an increase of 25%. Compared to the quarter ended December 31, 2025, diluted earnings per share for the first quarter of 2026 increased $0.04, or 13%, from $0.31. Return on average assets for the quarter ended March 31, 2026 was 1.17%, an increase from 1.00% for the quarter ended December 31, 2025, and an increase from 0.94% for the year ago quarter ended March 31, 2025. Return on average equity increased to 10.04% for the quarter ended March 31, 2026, compared to 8.94% for the quarter ended December 31, 2025, and 8.61% for the year ago quarter ended March 31, 2025. First Quarter Selected Financial Highlights Pre-tax Pre-provision Operating Income Increased 31% Year-Over-Year. Pre-tax pre-provision operating income (non-GAAP) (which excludes provision for credit losses, acceleration of debt issuance costs on subordinated debt redemption, and income taxes) increased 31%, or $2.1 million, to $8.7 million for the quarter ended March 31, 2026 compared to $6.6 million for the quarter ended March 31, 2025. Refer below to the "Reconciliation of Net Income (GAAP) to Pre-Tax Pre-Provision Operating Income (Non-GAAP)" table for further information. Net Interest Margin Increased to 3.26%, Up 15% Compared to the Year Ago Quarter. For the quarter ended March 31, 2026, net interest margin improved 21 basis points to 3.26% from 3.05% for the three months ended December 31, 2025, the ninth consecutive quarter of margin improvement, and increased 43 basis points, or 15%, compared to 2.83% for the first quarter of 2025. Efficiency Ratio Improved to 53.98% for the Current Quarter. The efficiency ratio decreased 7% to 53.98% for the first quarter of 2026 compared to the same period of 2025. Net interest income increased $2.4 million, or 16%, to $17.4 million for the first quarter of 2026, compared to $15.1 million for the year ago quarter ended March 31, 2025 while operating expenses increased 8% to $9.9 million for the quarter ended March 31, 2026 compared to $9.1 million for the quarter ended March 31, 2025. Core Deposits Grew 3% During the Quarter; 7% Year-Over-Year. Core deposits increased $55.5 million, or 3%, to $1.77 billion at March 31, 2026 compared to $1.71 billion at December 31, 2025, and increased $111.1 million, or 7%, when compared to $1.66 billion at March 31, 2025. During the quarter, wholesale deposits decreased $25.0 million, or 9%, to end at $260.0 million at March 31, 2026. Continued Solid Credit Quality. Loans past due 30 days or more totaled $3.3 million at March 31, 2026, a decrease of $4.7 million, or 59%, from $8.0 million at December 31, 2025. Nonperforming loans to total assets increased to 0.52% at March 31, 2026 from 0.48% at December 31, 2025. Nonperforming loans at March 31, 2026 increased slightly to $12.2 million, from $10.9 million at December 31, 2025. The Company recorded net charge-offs of $3 thousand for the quarter ended March 31, 2026. Redemption of Subordinated Debt and Senior Notes Issuance; Reduced Cost of Funds. During the quarter, the Company redeemed in full its $18.8 million in outstanding subordinated debt, which had reverted from fixed rate to floating rate paying 3-month SOFR plus 471 basis points, or 8.59%. This funding source was replaced by a private placement of $25 million in senior unsecured notes (the "Senior Notes") which have a fixed rate of 6.75%. The Senior Notes were rated BBB (low) by Morningstar DBRS and have a three-year term maturing on March 1, 2029. Sound, Well Capitalized Balance Sheet. Total risk-based capital to risk-weighted assets for FVCbank (the "Bank") was 15.86% at March 31, 2026, compared to 15.38% at December 31, 2025. The tangible common equity ("TCE") to tangible assets ("TA") ratio for the Bank was 11.33% at March 31, 2026, down slightly from 11.38% at December 31, 2025. The Bank’s investment securities are classified as available-for-sale, and therefore the unrealized losses on these securities are fully reflected in the TCE/TA ratio. Quarterly Cash Dividend Increased $0.01, or 17%. On April 16, 2026, the Company declared a quarterly cash dividend of $0.07 for each share of its common stock outstanding. The dividend is payable on May 18, 2026 to shareholders of record on April 27, 2026. Based on the current number of shares outstanding, the aggregate payment will be approximately $1.3 million. The Company considers pre-tax pre-provision operating income a useful comparative financial measure of the Company’s operating performance over multiple periods. Pre-tax pre-provision operating income is determined by methods other than in accordance with U.S. generally accepted accounting principles ("GAAP"). A reconciliation of non-GAAP financial measures to their most comparable financial measure in accordance with GAAP can be found in the tables below. Management Comments David W. Pijor, Esq., Chairman and Chief Executive Officer of the Company, said: "Our disciplined approach to grow our core customer base continues to drive results with improved earnings, which increased 24% when compared to the year ago quarter. The first quarter of 2026 is our ninth consecutive quarter of margin expansion, improving 7% to 3.26% compared to 3.05% for the fourth quarter of 2025. This is also our fourth consecutive quarter reporting annualized return of average assets of 1% or better, improving to 1.17% for the first quarter of 2026. We remain focused on these strategies to continue on this trajectory." Patricia A. Ferrick, President of the Company, said: "Our use of technology accelerates our operational efficiencies to power our continually improving profitability. We strategically invest in technology solutions to provide greater security against fraud and customizable solutions for our diverse customer base. We remain committed to providing personalized and responsive service to our customers as we support their business and personal banking needs." Statement of Condition Total assets were $2.34 billion at March 31, 2026 and $2.29 billion at December 31, 2025, an increase of $43.2 million, or 2%. Compared to the year ago quarter, total assets increased $94.6 million, or 4%, from $2.24 billion at March 31, 2025. Loans receivable, net of deferred fees, were $1.92 billion at March 31, 2026 and $1.94 billion at December 31, 2025, a decrease of $18.0 million, or 1%, primarily due to the Company participating out $20 million from one of its commercial real estate loans. For the first quarter of 2026, loan originations totaled $41.9 million with a weighted average rate of 6.94%. Loan renewals totaled $114.6 million and had a weighted average rate of 7.39%. Loans that paid off during the first quarter of 2026 totaled $26.4 million and had a weighted average rate of 6.44%, and were primarily comprised of commercial real estate and construction loans. Commercial lines of credit decreased $10.8 million at March 31, 2026 when compared to December 31, 2025, contributing to the decrease in net loans for the first quarter. At March 31, 2026, the Company's warehouse lending facility increased $4.1 million from December 31, 2025 to end at $34.1 million, with a weighted average yield of 5.81% for the quarter ended March 31, 2026. Investment securities were $150.6 million at March 31, 2026 and $153.4 million at December 31, 2025. For the quarter ended March 31, 2026, investment securities decreased due to principal repayments totaling $3.0 million, offset by a decrease in the portfolio’s unrealized losses totaling $164 thousand. Total deposits were $2.03 billion at March 31, 2026 and $2.00 billion at December 31, 2025, an increase of $30.5 million, or 2%. Core deposits, which exclude wholesale deposits, increased $55.5 million, or 3%, for the quarter ended March 31, 2026. Noninterest-bearing deposits increased $6.0 million, or 2%, for the quarter ended March 31, 2026. At March 31, 2026 and December 31, 2025, reciprocal deposits, which are mostly comprised of interest checking and savings accounts, totaled $214.7 million and $291.8 million, respectively, and are considered part of the Company’s core deposit base. Time deposits increased $59.1 million to $336.1 million during 2026. The Company continues to build core deposits at lower interest rates. At March 31, 2026 and December 31, 2025, wholesale funding totaled $260.0 million and $285.0 million, respectively, a decrease of $25 million or 9%. Compared to March 31, 2025, wholesale funding has decreased $40 million, or 13%. Wholesale funding at March 31, 2026 was comprised of wholesale time deposits and had a weighted average rate of 3.49% (including $170 million in pay-fixed/receive-floating interest rate swaps at an average rate of 3.27%). Shareholders’ equity at March 31, 2026 was $260.3 million, an increase of $6.7 million, or 3%, from December 31, 2025. Earnings for the quarter ended March 31, 2026 contributed $6.4 million to the increase in shareholders’ equity. Accumulated other comprehensive loss decreased $874 thousand for the three months ended March 31, 2026, and was primarily related to the change in the Company’s other comprehensive income associated with its cash flow hedges at March 31, 2026. Tangible book value per share (a non-GAAP financial measure which is defined in the tables below) at March 31, 2026 and December 31, 2025 was $14.06 and $13.74, respectively, an increase of 2%. Tangible book value per share, excluding accumulated other comprehensive loss (a non-GAAP financial measure which is defined in the tables below), at March 31, 2026 and December 31, 2025 was $15.10 and $14.83, respectively. The Bank was well-capitalized at March 31, 2026, with total risk-based capital ratio of 15.86%, common equity tier 1 risk-based capital ratio of 14.83%, and tier 1 leverage ratio of 12.61%. During the quarter ended March 31, 2026, the Company announced the extension of its share repurchase program that was initiated in 2020. Under the repurchase program, the Company may repurchase up to 1,400,000 shares of its common stock, or approximately 8% of its outstanding shares of common stock at December 31, 2025. The repurchase program will expire on March 31, 2027, subject to earlier termination of the program by the Company's Board of Directors. Asset Quality For the three months ended March 31, 2026 and 2025, the Company recorded a provision for credit losses totaling $168 thousand and $200 thousand, respectively. At March 31, 2026 and December 31, 2025, the allowance for credit losses ("ACL") was $19.1 million and $18.9 million, respectively. The ACL to total loans, net of fees, was 1.00% at March 31, 2026, compared to 0.97% at December 31, 2025. The increase in the ACL was primarily attributable to the updated economic forecast used for the quantitative portion of the ACL calculation for the quarter ended March 31, 2026. The Company recorded net charge-offs of $3 thousand for the three months ended March 31, 2026 compared to net recoveries of $139 thousand for the three months ended March 31, 2025. The Company proactively assesses the credit risks within its loan portfolio through its established portfolio monitoring programs, working diligently with its customers to minimize losses. At March 31, 2026, the Company’s watch list loans increased to $59.5 million from $57.9 million at December 31, 2025. The increase is primarily comprised of one loan which is a commercial real estate loan located in Maryland. The loan is well secured, not individually impaired, and was rated as special mention, as this loan has not yet developed a well-defined weakness but warrants close attention. The Company continues to work with the borrowers of these loans and believes there will be satisfactory resolution to each of these loans. Nonperforming loans at March 31, 2026 totaled $12.2 million, or 0.52% of total assets, compared to $10.9 million, or 0.48% of total assets, at December 31, 2025. The increase in nonperforming loans at March 31, 2026 was due to one loan placed on nonaccrual totaling $744 thousand, which is a consumer residential loan, and an increase in loans past due over 90 days of $746 thousand. The Company had no other real estate owned at each of March 31, 2026 and December 31, 2025. Commercial Real Estate Portfolio The concentration of commercial real estate ("CRE") loans to total risk-based capital was 306% and construction loans to total risk-based capital was 52%, at March 31, 2026. The reduction in CRE concentration reflects the Company's long-term strategic objective to diversify its loan portfolio mix. At March 31, 2026, CRE loans totaled $1.00 billion, or 52% of total loans, net of fees, and construction loans totaled $157.3 million, or 8% of total loans, net of fees. Included in CRE loans are loans secured by office properties totaling $160.9 million, or 8% of total loans, which are primarily located in the Virginia and Maryland suburbs of the Company’s market area, with $1.0 million, or 0.05% of total loans, located in Washington, D.C. Loans secured by retail properties totaled $212.0 million, or 11% of total loans, at March 31, 2026, with $9.1 million, or 0.47% of total loans, located in Washington, D.C. Loans secured by multi-family properties totaled $178.7 million, or 9% of total loans, at March 31, 2026, with $81.3 million, or 4% of total loans, located in Washington, D.C. (a decrease from $98.7 million at December 31, 2025). The CRE portfolio, including construction loans, is diversified by asset type and geographic concentration. The Company manages the CRE portfolio in a disciplined manner, and has comprehensive policies to monitor, measure, and mitigate its loan concentrations within this portfolio segment, including rigorous credit approval, monitoring and administrative practices. The following table provides further stratification of these and additional classes of real estate loans at March 31, 2026 (dollars in thousands). The loans shown in the above table exhibit strong credit quality, with one nonaccrual loan at March 31, 2026 totaling $10.1 million. During its assessment of the ACL, the Company addressed the credit risks associated with these portfolio segments and believes that as a result of its conservative underwriting discipline at loan origination and its ongoing loan monitoring procedures, the Company has appropriately reserved for possible credit concerns in the event of a downturn in economic activity. Minority Investment in Mortgage Banking Operation For the three months ended March 31, 2026 and 2025, the Company recorded income of $240 thousand and $141 thousand, respectively, related to its investment in ACM. The increase in earnings at ACM is a direct result of continued success in executing their strategic growth and geographic diversification initiatives, resulting in a 68% increase in loan originations for the quarter ended March 31, 2026 compared to the year ago quarter ended March 31, 2025. The Company’s investment in ACM is reflected as a nonconsolidated minority investment, and as such, the Company’s income generated from the investment is included in non-interest income. Income Statement The Company recorded net income of $6.4 million for the three months ended March 31, 2026 compared to net income of $5.2 million for the three months ended March 31, 2025, an increase of $1.2 million, or 24%. Compared to the linked quarter, net income for the three months ended March 31, 2026 increased $739 thousand, or 13%, from $5.6 million for the three months ended December 31, 2025. Net interest income increased $2.4 million, or 16%, to $17.4 million for the quarter ended March 31, 2026, compared to $15.1 million for the same period of 2025, and increased $479 thousand, or 3%, compared to the linked quarter ended December 31, 2025. The increase in net interest income for the first quarter of 2026 compared to the year ago quarter was primarily due to an increase in interest income from both increased yields on and level of average earnings assets. Additionally, interest expense decreased during the first quarter of 2026 compared to the year ago quarter as deposits continue to reprice to lower interest rates. On a linked quarter basis, net interest income increased primarily as a result of a decrease in interest expense on deposits as the Company continues to see reductions in funding costs during the first quarter of 2026. The Company's net interest margin increased 43 basis points to 3.26% for the quarter ended March 31, 2026 compared to 2.83% for the quarter ended March 31, 2025, and increased 21 basis points from 3.05% for the linked quarter ended December 31, 2025. The increase in net interest margin is a result of continued improvement in the cost of funding sources as the Company decreases interest rates on its various deposit products proportionately with any decrease in its yield on earning assets. Cost of funds decreased to 2.61% for the quarter ended March 31, 2026, a decrease from 2.74% for the quarter ended December 31, 2025, and a decrease from 2.83% for the year ago quarter ended March 31, 2025. Compared to the year ago quarter, interest income increased $1.3 million, or 4%, to $29.8 million, for the first quarter of 2026, and decreased $762 thousand, or 2%, compared to the linked quarter ended December 31, 2025. Loan interest income increased $1.8 million, or 7%, to $28.4 million for the three months ended March 31, 2026, compared to $26.6 million for the three months ended March 31, 2025. This increase in loan interest income was a result of both an increase in average loans and an increase in the yields earned as loans are originated or renewed at higher interest rates compared to maturing loans. The yield on loans increased 19 basis points to 5.88% for the three months ended March 31, 2026 compared to 5.69% for the same period of 2025. The Company anticipates continued increase in loan yields due to scheduled loan repricings. Within 12 months of March 31, 2026, $125.9 million in fixed rate commercial loans with a weighted average rate of 5.08% and $29.2 million in variable rate commercial loans with a weighted average rate of 4.76% are expected to reprice. Within the following 24-36 months of March 31, 2026, $310.9 million in fixed rate commercial loans with a weighted average rate of 5.66% and an additional $129.7 million in variable rate commercial loans with a weighted average rate of 5.30% are scheduled to reprice. In the near-term, the Company’s efforts to attain appropriate yields on new originations and the repricing of the commercial loan portfolio are expected to provide continued improvement in loan yields. Interest expense decreased $1.1 million, or 8%, to $12.4 million, for the quarter ended March 31, 2026, compared to $13.5 million for the quarter ended March 31, 2025, which is primarily attributable to the decrease in deposit costs, all while growing core deposits 7% since March 31, 2025. Interest expense on deposits decreased $1.1 million to $11.7 million for the three months ended March 31, 2026, compared to $12.8 million for the three months ended March 31, 2025. On a linked quarter basis, interest expense on deposits decreased $1.5 million, or 11%, compared to the quarter ended December 31, 2025, primarily due to the decrease in deposit costs which began during the fourth quarter of 2025 and continued into 2026. The cost of deposits (which includes noninterest-bearing deposits) for the first quarter ended March 31, 2026 was 2.50%, a decrease of 28 basis points from the year ago quarter ended March 31, 2025, and a decrease of 18 basis points compared to the linked quarter ended December 31, 2025, demonstrating the Company's ability to grow its customer base while reducing deposit costs. As previously mentioned, the Company redeemed $18.8 million of its subordinated debt during the first quarter of 2026. The Company recognized $244 thousand of unamortized debt issuance costs associated with this redemption, which is included in interest expense for the three months ended March 31, 2026, decreasing net interest margin two basis points. On February 11, 2026, the Company replaced this funding source through the issuance of $25 million in senior unsecured notes, which pay a fixed rate of 6.75%. Interest expense on debt for the three months ended March 31, 2026 totaled $566 thousand, an increase of $321 thousand compared to the year ago quarter ended March 31, 2025, and increased $168 thousand compared to the linked quarter ended December 31, 2025. Interest expense on other borrowed funds for the quarter ended March 31, 2026 decreased $320 thousand, or 68%, to $148 thousand from $468 thousand, for the quarter ended March 31, 2025. Compared to the linked quarter ended December 31, 2025, interest expense on other borrowed funds increased $93 thousand for the first quarter of 2026. The cost of interest-bearing liabilities for the first quarter of 2026 was 3.19% compared to 3.38% for the fourth quarter of 2025, a decrease of 19 basis points, and compared to a decrease of 27 basis points from 3.46% for the year ago quarter, demonstrating the Company’s ability to reprice funding costs downward simultaneously with federal funds rate decisions during 2025. Noninterest income for the three months ended March 31, 2026 and 2025 totaled $883 thousand and $671 thousand, respectively, an increase of $212 thousand, or 32%. Compared to the linked quarter, noninterest income for the first quarter of 2026 decreased $43 thousand from $926 thousand for the three months ended December 31, 2025. Fee income from loans was $111 thousand for the quarter ended March 31, 2026, compared to $77 thousand for the first quarter of 2025. Service charges on deposit accounts totaled $361 thousand for the first quarter of 2026, an increase of $91 thousand, or 34%, compared to $270 thousand for the year ago quarter. Income from bank-owned life insurance increased to $73 thousand for the three months ended March 31, 2026, compared to $70 thousand for the same period of 2025. Income from the minority interest in ACM for the quarter ended March 31, 2026 was $240 thousand, an increase of $99 thousand, or 70%, compared to $141 thousand for the year ago quarter ended March 31, 2025. Noninterest expense totaled $9.9 million for the quarter ended March 31, 2026, an increase of $739 thousand, or 8%, compared to $9.1 million for the year ago quarter ended March 31, 2025. On a linked quarter basis, noninterest expense increased $335 thousand, or 4%, from $9.5 million for the three months ended December 31, 2025, primarily due to an increase in salaries and benefits expense during the first quarter of 2026. Compared to the year ago quarter, salaries and benefits expense increased $659 thousand, or 14%, for the three months ended March 31, 2026. The increases in salaries and benefits expense when compared to the linked and year ago quarters was primarily a result of filling open positions that were vacant during 2025, along with an increase in payroll taxes and other incentive accruals during the first quarter of 2026. Internet banking and software expense increased $59 thousand to $884 thousand for the first quarter of 2026 compared to $825 thousand for the year ago quarter ended March 31, 2025, and increased $13 thousand when compared to $871 thousand for the linked quarter ended December 31, 2025, as the Company continues to enhance customer software solutions. Data processing and network administration expense remained relatively flat, decreasing $1 thousand to $618 thousand for the quarter ended March 31, 2026 when compared to the year ago quarter, and increased $109 thousand when compared to the linked quarter ended December 31, 2025, a result of an accrual adjustment reducing this expense item for the fourth quarter of 2025. The Company continues to identify and assess opportunities to reduce operating expenses. The efficiency ratios for the quarters ended March 31, 2026, December 31, 2025, and March 31, 2025, were 54.0%, 53.4%, and 58.1%, respectively. A reconciliation of the aforementioned efficiency ratio, a non-GAAP financial measure, can be found in the tables below. The Company recorded a provision for income taxes of $1.9 million and $1.2 million for the three months ended March 31, 2026 and 2025, respectively. The effective tax rates for the three months ended March 31, 2026 and 2025 were 22.6% and 19.2%, respectively. About FVCBankcorp, Inc. FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a $2.34 billion asset-sized Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington, D.C. metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 8 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington, D.C., and Baltimore, and Bethesda, Maryland. For more information about the Company, please visit the Investor Relations page of FVCBankcorp, Inc.’s website, www.fvcbank.com. Cautionary Note About Forward-Looking Statements This press release may contain statements relating to future events or future results of the Company that are considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan," or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on their expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond their control. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. The following factors, among others, could cause their financial performance to differ materially from that expressed in such forward-looking statements: general business and economic conditions, including higher inflation and its impacts, nationally or in the markets that the Company serves could adversely affect, among other things, real estate valuations, unemployment levels, the ability of businesses to remain viable, consumer and business confidence, and consumer or business spending, which could lead to decreases in demand for loans, deposits, and other financial services that the Company provides and increases in loan delinquencies and defaults; the concentration of the Company’s business in and around the Washington, D.C. metropolitan area and the effects of changes in the economic, political, and environmental conditions on this market, shutdowns of the U.S. government, including potential reductions in spending by the U.S. government and related reductions in the federal workforce; the impact of the interest rate environment on the Company’s business, financial condition and results of operation, and its impact on the composition and costs of deposits, loan demand, and the values and liquidity of loan collateral, securities, and interest sensitive assets and liabilities; changes in the Company’s liquidity requirements could be adversely affected by changes in its assets and liabilities; changes in the assumptions underlying the establishment of reserves for possible credit losses and the possibility that future credit losses may be higher than currently expected; the management of risks inherent in the Company’s real estate loan portfolio, and the risk of a prolonged downturn in the real estate market, which could impair the value of loan collateral and the ability to sell collateral upon any foreclosure; changes in market conditions, specifically declines in the commercial and residential real estate market, volatility and disruption of the capital and credit markets, and soundness of other financial institutions that the Company does business with; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; their investment securities portfolio is subject to credit risk, market risk, and liquidity risk as well as changes in the estimates used to value the securities in the portfolio; declines in the Company’s common stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause the Company to record a noncash impairment charge to earnings in future periods; the effect of any change in federal government enforcement of federal laws affecting the cannabis industry; potential exposure to fraud, negligence, computer theft and cyber-crime, and the Company’s ability to maintain the security of their data processing and information technology systems; the impact of changes in bank regulatory conditions, including laws, regulations and policies concerning capital requirements, deposit insurance premiums, taxes, securities, and the application thereof by regulatory bodies; the effect of changes in accounting policies and practices, as may be adopted from time to time by bank regulatory agencies, the Securities and Exchange Commission (the "SEC"), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setting bodies; competitive pressures among financial services companies, including the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers; the effect of acquisitions and partnerships the Company may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions; their involvement, from time to time, in legal proceedings and examination and remedial actions by regulators; geopolitical conditions, including trade restrictions and tariffs, and acts or threats of terrorism and/or military conflicts, or actions taken by the United States or other governments in response to trade restrictions and tariffs, and acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; and the occurrence of significant natural disasters, including severe weather conditions, floods, health related issues or emergencies, and other catastrophic events. The foregoing factors should not be considered exhaustive and should be read together with other cautionary statements that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, including those discussed in the section entitled "Risk Factors," and in the Company’s other periodic and current reports filed with the SEC. If one or more of the factors affecting our forward-looking information and statements proves incorrect, then the Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on our forward-looking information and statements. The Company will not update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict their occurrence or how they will affect the Company’s operations, financial condition or results of operations. View source version on businesswire.com: https://www.businesswire.com/news/home/20260421654242/en/ Contacts For further information, contact: David W. Pijor, Esq., Chairman and Chief Executive Officer Phone: (703) 436-3802 Email: [email protected] Patricia A. Ferrick, President Phone: (703) 436-3822 Email: [email protected]

FVCBankcorp (FVCB) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.06%. A quarter ago, it was expected that this company would post earnings of $0.31 per share when it actually produced earnings of $0.31, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. FVCBankcorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $18.29 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.34%. This compares to year-ago revenues of $15.72 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FVCBankcorp shares have added about 12.2% since the beginning of the year versus the S&P 500's gain of 3.9%. While FVCBankcorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FVCBankcorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $18.58 million in revenues for the coming quarter and $1.43 on $75.5 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Amerant Bancorp Inc. (AMTB), is yet to report results for the quarter ended March 2026. The results are expected to be released on April 23. This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +79.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Amerant Bancorp Inc.'s revenues are expected to be $100.23 million, down 4.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fvcbankcorp, Inc. (FVCB) : Free Stock Analysis Report Amerant Bancorp Inc. (AMTB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

FAIRFAX, Va., April 16, 2026--(BUSINESS WIRE)--FVCBankcorp, Inc. (NASDAQ: FVCB) (the "Company") today announced that the Company’s Board of Directors has declared a cash dividend of $0.07 for each share of its common stock outstanding, an increase of $0.01, or 17%, from the previous quarterly cash dividend. The dividend is payable on May 18, 2026 to shareholders of record on April 27, 2026. The declaration and payment of future dividends are subject to the sole discretion of the Board of Directors in addition to regulatory restrictions. About FVCBankcorp, Inc. FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington, D.C. metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 8 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington, D.C., and Baltimore, and Bethesda, Maryland. For more information about the Company, please visit the Investor Relations page of FVCBankcorp, Inc.’s website, www.fvcbank.com. Cautionary Note About Forward-Looking Statements This press release may contain statements relating to future events or future results of the Company that are considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan," or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on their expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond their control. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. The following factors, among others, could cause their financial performance to differ materially from that expressed in such forward-looking statements: general business and economic conditions, including higher inflation and its impacts, nationally or in the markets that the Company serves could adversely affect, among other things, real estate valuations, unemployment levels, the ability of businesses to remain viable, consumer and business confidence, and consumer or business spending, which could lead to decreases in demand for loans, deposits, and other financial services that the Company provides and increases in loan delinquencies and defaults; the concentration of the Company’s business in and around the Washington, D.C. metropolitan area and the effects of changes in the economic, political, and environmental conditions on this market, including potential reductions in spending by the U.S. government and related reductions in the federal workforce; the impact of the interest rate environment on the Company’s business, financial condition and results of operation, and its impact on the composition and costs of deposits, loan demand, and the values and liquidity of loan collateral, securities, and interest sensitive assets and liabilities; changes in the Company’s liquidity requirements could be adversely affected by changes in their assets and liabilities; changes in the assumptions underlying the establishment of reserves for possible credit losses and the possibility that future credit losses may be higher than currently expected; the management of risks inherent in the Company’s real estate loan portfolio, and the risk of a prolonged downturn in the real estate market, which could impair the value of loan collateral and the ability to sell collateral upon any foreclosure; changes in market conditions, specifically declines in the commercial and residential real estate market, volatility and disruption of the capital and credit markets, and soundness of other financial institutions that the Company does business with; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; their investment securities portfolio is subject to credit risk, market risk, and liquidity risk as well as changes in the estimates used to value the securities in the portfolio; declines in the Company’s common stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause the Company to record a noncash impairment charge to earnings in future periods; potential exposure to fraud, negligence, computer theft and cyber-crime, and the Company’s ability to maintain the security of their data processing and information technology systems; the impact of changes in bank regulatory conditions, including laws, regulations and policies concerning capital requirements, deposit insurance premiums, taxes, securities, and the application thereof by regulatory bodies; the effect of changes in accounting policies and practices, as may be adopted from time to time by bank regulatory agencies, the Securities and Exchange Commission (the "SEC"), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setting bodies; competitive pressures among financial services companies, including the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers; the effect of acquisitions and partnerships the Company may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions; their involvement, from time to time, in legal proceedings and examination and remedial actions by regulators; geopolitical conditions, including trade restrictions and tariffs, and acts or threats of terrorism, or actions taken by the United States or other governments in response to trade restrictions and tariffs, and acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; and the occurrence of significant natural disasters, including severe weather conditions, floods, health related issues or emergencies, and other catastrophic events. The foregoing factors should not be considered exhaustive and should be read together with other cautionary statements that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, including those discussed in the section entitled "Risk Factors," and in the Company’s other periodic and current reports filed with the SEC. If one or more of the factors affecting our forward-looking information and statements proves incorrect, then the Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on our forward-looking information and statements. The Company will not update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict their occurrence or how they will affect the Company’s operations, financial condition or results of operations. View source version on businesswire.com: https://www.businesswire.com/news/home/20260416892858/en/ Contacts David W. Pijor, Esq., Chairman and Chief Executive Officer Phone: (703) 436-3802 Email: [email protected] Patricia A. Ferrick, President Phone: (703) 436-3822 Email: [email protected]

FAIRFAX, Va., January 20, 2026--(BUSINESS WIRE)--FVCBankcorp, Inc. (NASDAQ: FVCB) (the "Company") today reported net income of $5.6 million for the quarter ended December 31, 2025 compared to net income of $4.9 million for the quarter ended December 31, 2024, an increase of $747 thousand, or 15%. Diluted earnings per share were $0.31 for the quarter ended December 31, 2025 compared to $0.26 for the quarter ended December 31, 2024, an increase of 19%. For the year ended December 31, 2025, the Company reported net income of $22.1 million, or $1.21 diluted earnings per share, an increase of $7.0 million, or 46%, compared to net income of $15.1 million, or $0.82 diluted earnings per share, for the year ended December 31, 2024. Fourth Quarter Selected Financial Highlights Pre-tax Pre-provision Operating Income Grows 32% Year-Over-Year. Net income increased to $5.6 million for the three months ended December 31, 2025 compared to $4.9 million for the three months ended December 31, 2024, an increase of $747 thousand, or 15%. Pre-tax pre-provision operating income (non-GAAP) (which excludes provision for credit losses and income taxes) increased 32%, or $2.0 million, to $8.4 million for the quarter ended December 31, 2025 compared to $6.4 million for the quarter ended December 31, 2024. Refer below to the "Reconciliation of Net Income (GAAP) to Pre-Tax Pre-Provision Operating Income (Non-GAAP)" for further information. Net Interest Margin Increased to 3.05%, the eighth consecutive quarter of improvement. For the quarter ended December 31, 2025, net interest margin improved 14 basis points to 3.05% from 2.91% for the three months ended September 30, 2025, and increased 28 basis points, or 10%, compared to 2.77% for the fourth quarter of 2024. Deposits Grow 7% Compared to Prior Year. Total deposits increased $126.7 million, or 7%, to $2.00 billion at December 31, 2025 compared to $1.87 billion at December 31, 2024. For the quarter, total deposits increased $19.4 million when compared to the linked quarter ended September 30, 2025. Loans Grow 4% with Further Reduction in Commercial Real Estate Concentration. Total loans increased $71.0 million, or 4%, to $1.94 billion at December 31, 2025 compared to $1.87 billion at December 31, 2024. Commercial real estate loans to total risk-based capital concentration at December 31, 2025 was 313%, a decrease from 372% at December 31, 2024. Solid Credit Quality. Nonperforming loans decreased to $10.9 million at December 31, 2025, or 0.48% of total assets, a decrease of $1.9 million, or 15%, compared to December 31, 2024. Sound, Well Capitalized Balance Sheet. Total risk-based capital to risk-weighted assets for FVCbank (the "Bank") was 15.38% at December 31, 2025, compared to 14.73% at December 31, 2024. The tangible common equity ("TCE") to tangible assets ("TA") ratio for the Bank increased to 11.38% at December 31, 2025, up from 10.87% at December 31, 2024. The Bank’s investment securities are classified as available-for-sale, and therefore the unrealized losses on these securities are fully reflected in the TCE/TA ratio. Quarterly Cash Dividend. On January 15, 2026, the Company declared a quarterly cash dividend of $0.06 for each share of its common stock outstanding. The dividend is payable on February 17, 2026 to shareholders of record on January 26, 2026. Based on the current number of shares outstanding, the aggregate payment will be approximately $1.1 million. For the year ended December 31, 2025, the Company reported net income of $22.1 million, or $1.21 diluted earnings per share, compared to $15.1 million, or $0.82 diluted earnings per share, for the year ended December 31, 2024, an increase of $7.0 million, or 46%. During 2025, the Company unwound $80 million of its pay-fixed/receive floating interest rate swaps and the funding associated with that hedge, resulting in a gain of $91 thousand (which was recorded in non-interest income). During 2024, the Company surrendered $48.0 million in bank-owned life insurance ("BOLI"), which resulted in a nonrecurring increase of $2.4 million to the tax provisioning related to the loss of the tax favored status of prior appreciation. Excluding these nonrecurring items, net income for the years ended December 31, 2025 and 2024 was $22.0 million and $17.4 million, respectively, an increase of $4.5 million, or 26%. The Company considers pre-tax pre-provision operating income a useful comparative financial measure of the Company’s operating performance over multiple periods. Pre-tax pre-provision operating income is determined by methods other than in accordance with U.S. generally accepted accounting principles ("GAAP"). A reconciliation of non-GAAP financial measures to their most comparable financial measure in accordance with GAAP can be found in the tables below. Management Comments David W. Pijor, Esq., Chairman and Chief Executive Officer of the Company, said: "Our 2025 results are indicative of our strategic focus, discipline, and execution, to enhance earnings while we continue to grow our core loan and deposit base. The fourth quarter of 2025 is our third consecutive quarter with annualized return on average assets of 1.00% or better and is our eighth consecutive quarter of net interest margin improvement. Loan growth of 4% for the fourth quarter and year ended December 31, 2025 resulted in continued revenue growth. Since our inception in November 2007, we have always been committed to maintaining and growing a strong financial services company for our employees, clients, shareholders and the communities we serve. We are extremely pleased with our 2025 results and especially proud of our team’s commitment to ongoing excellence." Patricia A. Ferrick, President of the Company, said: "We remain focused on enhancing the customer experience and operating efficiencies to drive growth and profitability. We continue to prioritize our relationship banking strategy to selectively grow loans and deposits. We appreciate the expertise and market experience of our talented relationship managers as they promote our lending and digital banking solutions." Statement of Condition Total assets were $2.29 billion at December 31, 2025 and $2.20 billion at December 31, 2024, an increase of $93.3 million, or 4%. On a linked quarter basis, total assets decreased $26.8 million, or 1%, from $2.32 billion at September 30, 2025 to $2.29 billion at December 31, 2025. Loans receivable, net of deferred fees, were $1.94 billion at December 31, 2025 and $1.87 billion at December 31, 2024, an increase of $71.0 million, or 4%. For the fourth quarter of 2025, loan originations totaled $154.8 million with a weighted average rate of 7.84%. Loan renewals totaled $96.8 million and had a weighted average rate of 6.87%. Loans that paid off during the fourth quarter of 2025 totaled $85.3 million and had a weighted average rate of 6.47%, and were primarily comprised of commercial real estate and construction loans. Commercial lines of credit increased $44.0 million at December 31, 2025 when compared to September 30, 2025, contributing to net loan growth for the fourth quarter. At December 31, 2025, the Company's warehouse lending facility decreased $20.3 million from September 30, 2025 to end at $30.0 million, with a weighted average yield of 6.08% for the quarter ended December 31, 2025. Investment securities were $153.4 million at December 31, 2025 and $156.7 million at December 31, 2024. For the year ended December 31, 2025, investment securities decreased due to principal repayments totaling $16.3 million, offset by security purchases totaling $2.9 million and a decrease in the portfolio’s unrealized losses totaling $10.1 million. Total deposits were $2.00 billion at December 31, 2025 and $1.87 billion at December 31, 2024, an increase of $126.7 million, or 7%. Core deposits, which exclude wholesale deposits, increased $91.6 million, or 6%, for the year ended December 31, 2025. On a linked quarter basis, total deposits increased $19.4 million. Noninterest-bearing deposits decreased slightly by $2.4 million, or 1%, for the year ended December 31, 2025. At December 31, 2025 and December 31, 2024, reciprocal deposits, which are mostly comprised of interest checking and savings accounts, totaled $291.8 million and $269.6 million, respectively, and are considered part of the Company’s core deposit base. Time deposits increased $28.9 million to $271.2 million during 2025. The Company continues to build core deposits at lower interest rates. At December 31, 2025, wholesale funding totaled $285.0 million, a decrease of $15.0 million, or 5%, from December 31, 2024. At December 31, 2024, wholesale funding included $249.9 million in wholesale deposits and $50.0 million in other borrowed funds (in the form of an advance from the Federal Home Loan Bank of Atlanta ("FHLB")). During the fourth quarter of 2025, when the Company’s FHLB advance matured, the Company replaced this funding with wholesale deposits. Shareholders’ equity at December 31, 2025 was $253.6 million, an increase of $18.2 million, or 8%, from December 31, 2024. Earnings for the year ended December 31, 2025 contributed $22.1 million to the increase in shareholders’ equity. During 2025, the Company repurchased 572,310 shares of its common stock at a total cost of $6.6 million, decreasing shareholders’ equity. Accumulated other comprehensive loss decreased $3.7 million for the year ended December 31, 2025, and was primarily related to the change in the Company’s other comprehensive income associated with its available-for-sale investment securities portfolio at December 31, 2025. Tangible book value per share (a non-GAAP financial measure which is defined in the tables below) at December 31, 2025 and December 31, 2024 was $13.74 and $12.52, respectively, an increase of 10%. Tangible book value per share, excluding accumulated other comprehensive loss (a non-GAAP financial measure which is defined in the tables below), at December 31, 2025 and December 31, 2024 was $14.83 and $13.80, respectively. The Bank was well-capitalized at December 31, 2025, with total risk-based capital ratio of 15.38%, common equity tier 1 risk-based capital ratio of 14.37%, and tier 1 leverage ratio of 12.23%. Asset Quality For the three and twelve months ended December 31, 2025, the Company recorded a provision for credit losses totaling $909 thousand and $1.6 million, respectively. The Company recorded no reserves for the three months ended December 31, 2024 and recorded a provision for credit losses of $6 thousand for the year ended December 31, 2024. The increase in provision, particularly during the fourth quarter of 2025, was primarily related to loan growth during the period. At December 31, 2025 and December 31, 2024, the allowance for credit losses ("ACL") was $18.9 million and $18.1 million, respectively. The ACL to total loans, net of fees, was 0.97% at each of December 31, 2025 and December 31, 2024. The Company generally does not record reserves for the warehouse lending facility it provides to Atlantic Coast Mortgage, LLC ("ACM"). Excluding the warehouse lending facility, the ACL to total loans, net of fees, was 1.00% at December 31, 2025. The Company recorded net recoveries of $5 thousand for the three months ended December 31, 2025 compared to net charge-offs of $937 thousand for the three months ended December 31, 2024. For the year ended December 31, 2025, net charge-offs totaled $871 thousand, or 0.05%, to average loans compared to net charge-offs of $839 thousand, or 0.04%, to average loans for the year ended December 31, 2024. Net charge-offs for the year ended December 31, 2025 were primarily comprised of two unsecured small business loans, and not indicative of a systemic issue with the Company’s loan portfolio credit quality. The Company proactively assesses the credit risks within its loan portfolio through its established portfolio monitoring programs, working diligently with its customers to minimize losses. At December 31, 2025, the Company’s watch list loans increased to $57.9 million from $15.1 million at September 30, 2025. The increase is primarily comprised of 3 loans which are commercial real estate loans, with collateral in different asset classes, each located in Washington, D.C. One of the loans currently has collateral that is listed for sale, which the Company expects to close prior to the end of the second quarter of 2026. Each of these loans are rated as special mention, as these loans have not yet developed a well-defined weakness but warrant close attention. These loans are well secured with updated valuations at December 31, 2025, and are not individually impaired. The Company believes there will be satisfactory resolution to each of these loans. Nonperforming loans at December 31, 2025 totaled $10.9 million, or 0.48% of total assets, compared to $12.8 million, or 0.58% of total assets, at December 31, 2024. The decrease in nonperforming loans at December 31, 2025 was due to nonaccrual loan payoffs totaling $1.0 million and a decrease in loans past due over 90 days of $871 thousand at December 31, 2025. Total classified loans decreased $1.0 million to $10.2 million at December 31, 2025 from $11.2 million at December 31, 2024. The Company had no other real estate owned at each of December 31, 2025 and December 31, 2024. At December 31, 2025, commercial real estate loans totaled $1.03 billion, or 53% of total loans, net of fees, and construction loans totaled $153.0 million, or 8% of total loans, net of fees. Included in commercial real estate loans are loans secured by office properties totaling $149.2 million, or 8% of total loans, which are primarily located in the Virginia and Maryland suburbs of the Company’s market area, with $1.0 million, or 0.05% of total loans, located in Washington, D.C. Loans secured by retail properties totaled $215.5 million, or 12% of total loans, at December 31, 2025, with $8.9 million, or less than 0.46% of total loans, located in Washington, D.C. Loans secured by multi-family properties totaled $179.5 million, or 10% of total loans, at December 31, 2025, with $98.7 million, or 5% of total loans, located in Washington, D.C. The commercial real estate portfolio, including construction loans, is diversified by asset type and geographic concentration. The Company manages the portfolio in a disciplined manner, and has comprehensive policies to monitor, measure, and mitigate its loan concentrations within its commercial real estate portfolio segment, including rigorous credit approval, monitoring and administrative practices. The following table provides further stratification of these and additional classes of real estate loans at December 31, 2025 (dollars in thousands). The loans shown in the above table exhibit strong credit quality, with one nonaccrual loan at December 31, 2025 totaling $10.1 million. During its assessment of the ACL, the Company addressed the credit risks associated with these portfolio segments and believes that as a result of its conservative underwriting discipline at loan origination and its ongoing loan monitoring procedures, the Company has appropriately reserved for possible credit concerns in the event of a downturn in economic activity. Minority Investment in Mortgage Banking Operation For the three and twelve months ended December 31, 2025, the Company recorded income of $247 thousand and $1.2 million, respectively, compared to a loss of $49 thousand and income of $352 thousand, respectively, for the three and twelve months ended December 31, 2024, related to its investment in ACM. The increase in earnings at ACM is a direct result of continued success in executing their strategic growth and geographic diversification initiatives, resulting in a 19% increase in loan originations for the year ended December 31, 2025 compared to the year ended December 31, 2024. During the fourth quarter of 2025, ACM announced its acquisition of Tidewater Mortgage Services, Inc. ("TMS"), a Coastal Virginia based mortgage lender serving the Mid‑Atlantic and Southeast. The transaction combines ACM's innovative, client-focused lending model and broad product suite with TMS's strong reputation for excellent customer service and community engagement. The acquisition had minimal impact to earnings for the fourth quarter of 2025 and is expected to be immediately accretive in 2026. The Company’s investment in ACM is reflected as a nonconsolidated minority investment, and as such, the Company’s income generated from the investment is included in non-interest income. Income Statement The Company recorded net income of $5.6 million for the three months ended December 31, 2025 compared to net income of $4.9 million for the three months ended December 31, 2024, an increase of $747 thousand, or 15%. Compared to the linked quarter, net income for the three months ended December 31, 2025 increased $68 thousand, or 1%, from $5.6 million for the three months ended September 30, 2025. Net interest income increased $2.0 million, or 13%, to $16.9 million for the quarter ended December 31, 2025, compared to $14.9 million for the same period of 2024, and increased $892 thousand, or 6%, compared to the linked quarter ended September 30, 2025. The increase in net interest income for the fourth quarter of 2025 compared to the year ago quarter was primarily due to an increase in interest income from both increased yields on and level of average earnings assets. Additionally, interest expense decreased during the fourth quarter of 2025 compared to the year ago quarter as deposits continue to reprice to lower interest rates. On a linked quarter basis, net interest income increased primarily as a result of an increase interest income from average loans outstanding for the fourth quarter of 2025. The Company's net interest margin increased 28 basis points to 3.05% for the quarter ended December 31, 2025 compared to 2.77% for the quarter ended December 31, 2024, and increased 14 basis points from 2.91% for the linked quarter ended September 30, 2025. The increase in net interest margin is a result of improved yields on earning assets, primarily from the loan portfolio, in addition to continued improvement in the cost of funding sources. Yields on loans increased 13 basis points to 6.00% for the quarter ended December 31, 2025 as compared to the quarter ended December 31, 2024, and increased 10 basis points from the linked quarter ended September 30, 2025. Cost of funds decreased to 2.74% for the quarter ended December 31, 2025, from 2.78% for the quarter ended September 30, 2025, and from 2.96% for the year ago quarter ended December 31, 2024. The decrease in the cost of funds during the quarter and year ended December 31, 2025 is a direct result of the Company decreasing its deposit costs concurrently with the Federal Reserve’s decrease in its targeted short term interest rate during 2025. Compared to the year ago quarter, interest income increased $1.3 million, or 4%, to $30.6 million, for the fourth quarter of 2025, and increased $755 thousand, or 3%, compared to the linked quarter ended September 30, 2025. Loan interest income increased $829 thousand, or 3%, to $28.3 million for the three months ended December 31, 2025, compared to $27.5 million for the three months ended December 31, 2024, primarily as a result of an increase in the average yield on loans as the Company originates loans with higher interest rates and continues to reduce low yielding loans as they mature. The yield on earning assets increased 8 basis points to 5.55% for the three months ended December 31, 2025 when compared to the same period of 2024, and increased 9 basis points compared to the linked quarter ended September 30, 2025, a result of loans repricing upwards as compared to the prior and year ago quarters. The Company anticipates continued increase in loan yields due to scheduled loan repricings. Within 12 months of December 31, 2025, $112.1 million in fixed rate commercial loans with a weighted average rate of 5.07% and $26.2 million in variable rate commercial loans with a weighted average rate of 4.86% are expected to reprice. Within the following 24-36 months of December 31, 2025, $327.1 million in fixed rate commercial loans with a weighted average rate of 5.86% and an additional $131.8 million in variable rate commercial loans with a weighted average rate of 5.32% are scheduled to reprice. In the near-term, the Company’s efforts to attain appropriate yields on new originations and the repricing of the commercial loan portfolio are expected to provide continued improvement in loan yields. Interest expense decreased $708 thousand, or 5%, to $13.7 million, for the quarter ended December 31, 2025, compared to $14.4 million for the quarter ended December 31, 2024, which is primarily attributable to the decrease in deposit costs, all while growing core deposits 6% since the 2024 year end. Interest expense on deposits decreased $366 thousand to $13.2 million for the three months ended December 31, 2025, compared to $13.6 million for the three months ended December 31, 2024, as average interest-bearing total deposits increased $85.9 million for the three months ended December 31, 2025 when compared to the year ago quarter. On a linked quarter basis, interest expense decreased $135 thousand, or 1%, compared to the quarter ended September 30, 2025, primarily due to the strong deposit growth during the fourth quarter. The cost of deposits (which includes noninterest-bearing deposits) for the fourth quarter ended December 31, 2025 was 2.68%, a decrease of 23 basis points from the year ago quarter ended December 31, 2024, and a decrease of 5 basis points compared to the linked quarter ended September 30, 2025, demonstrating the Company's ability to grow its customer base while reducing deposit costs. Net interest income for the year ended December 31, 2025 and 2024 was $63.8 million and $55.6 million, respectively, an increase of $8.2 million, or 15%, year-over-year. Interest income increased $5.1 million, or 4%, to $118.4 million for the year ended December 31, 2025 compared to $113.3 million for the comparable 2024 period. Interest expense totaled $54.6 million for the year ended December 31, 2025, a decrease of $3.1 million, or 5%, compared to $57.7 million for the year ended December 31, 2024. The Company’s net interest margin for the year ended December 31, 2025 was 2.92% compared to 2.62% for the year ended December 31, 2024, an increase of 30 basis points, or 11%. Noninterest income for the three months ended December 31, 2025 and 2024 totaled $926 thousand and $452 thousand, respectively, an increase of $474 thousand. Noninterest income for the three months ended December 31, 2025 included a nonrecurring loss totaling $62 thousand from the termination of derivative contracts. Noninterest income for the three months ended December 31, 2025 decreased $107 thousand, or 10%, compared to $1.0 million for the three months ended September 30, 2025. Fee income from loans was $76 thousand for the quarter ended December 31, 2025, compared to $43 thousand for the fourth quarter of 2024. Service charges on deposit accounts totaled $376 thousand for the fourth quarter of 2025, an increase of $91 thousand, or 32%, compared to $285 thousand for the year ago quarter, and increased $55 thousand, or 17%, compared to $321 thousand for the linked quarter ended September 30, 2025. Income from BOLI increased to $74 thousand for the three months ended December 31, 2025, compared to $71 thousand for the same period of 2024. Income from the minority interest in ACM for the quarter ended December 31, 2025 was $247 thousand, an increase of $296 thousand from a loss of $49 thousand for the year ago quarter ended December 31, 2024, and decreased $261 thousand compared to the linked quarter ended September 30, 2025. For the year ended December 31, 2025, the Company recorded noninterest income totaling $3.6 million, an increase of $1.1 million, or 44%, compared to $2.5 million for the year ended December 31, 2024. Fee income from loans was $220 thousand for the year ended December 31, 2025, compared to $185 thousand for the year ended December 31, 2024, an increase of $35 thousand, or 19%. Service charges on deposit accounts totaled $1.2 million for the year ended December 31, 2025, an increase of $122 thousand, or 11%, compared to $1.1 million for the year ended December 31, 2024. Income from BOLI decreased to $289 thousand for the year ended December 31, 2025, compared to $397 thousand for the year ended December 31, 2024, a direct result of the BOLI surrendered during 2024. Income from the Company's minority interest in ACM increased to $1.2 million for the year ended December 31, 2025, compared to $352 thousand for the same period of 2024. Lastly, the Company recorded a gain from the termination of derivative instruments totaling $91 thousand during 2025. No comparable gain was recorded during 2024. Noninterest expense totaled $9.5 million for the quarter ended December 31, 2025, an increase of $535 thousand, or 6%, compared to $9.0 million for the year ago quarter ended December 31, 2024. On a linked quarter basis, noninterest expense increased $65 thousand, or 0.7%, from $9.5 million for the three months ended September 30, 2025. Compared to the year ago quarter, salaries and benefits expense increased $513 thousand, or 11%, for the three months ended December 31, 2025, and increased $77 thousand, or 2%, compared to the linked quarter ended September 30, 2025. The increase in salaries and benefits expense for the fourth quarter of 2025 as compared to both the year ago and linked quarters is primarily a result of an increase in incentive accruals for the fourth quarter of 2025 along with the filling of open positions that were vacant in the previous periods. Full-time equivalent employees have increased from 112 at December 31, 2024, and 118 at September 30, 2025, to 122 at December 31, 2025. Data processing and network administration expense decreased $181 thousand to $509 thousand for the three months ended December 31, 2025 compared to the same period of 2024, primarily as a result of contract renewals with certain service providers for the Bank. All other operating expenses have remained fairly constant or minimally unchanged for the three months ended December 31, 2025 as compared to the year ago and linked quarters. The Company continues to identify and assess opportunities to reduce operating expenses. For the year ended December 31, 2025 and 2024, noninterest expense was $37.6 million and $35.8 million, respectively, an increase of $1.8 million, or less than 5%, primarily as a result of the aforementioned increases in salaries and benefits expenses. Internet banking and software expense increased $461 thousand, or 15%, to $3.5 million for the year ended December 31, 2025 compared to the year ended December 31, 2024, primarily as a result of the implementation of enhanced customer software, including comprehensive online banking solutions. Data processing and network administration expense decreased $483 thousand, or 18%, to $2.2 million for the year ended December 31, 2025 compared to the same period of 2024, primarily as a result of contract renewals with certain service providers for the Bank. The efficiency ratio for the quarters ended December 31, 2025, September 30, 2025, and December 31, 2024, was 53.4%, 55.5%, and 58.6%, respectively. For the years ended December 31, 2025 and 2024, the efficiency ratio was 55.7% and 61.6%, respectively. A reconciliation of the aforementioned efficiency ratios, a non-GAAP financial measure, can be found in the tables below. The Company recorded a provision for income taxes of $1.8 million and $1.5 million for the three months ended December 31, 2025 and 2024, respectively. For the years ended December 31, 2025 and 2024, the provision for income taxes was $6.2 million and $7.2 million, respectively. The 2024 period included an additional $2.4 million which was associated with the Company’s surrender of BOLI policies in the first quarter of 2024. About FVCBankcorp, Inc. FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a $2.29 billion asset-sized Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington, D.C. metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 8 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington, D.C., and Baltimore, and Bethesda, Maryland. For more information about the Company, please visit the Investor Relations page of FVCBankcorp, Inc.’s website, www.fvcbank.com. Cautionary Note About Forward-Looking Statements This press release may contain statements relating to future events or future results of the Company that are considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan," or words or phases of similar meaning. We caution that the forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. The following factors, among others, could cause our financial performance to differ materially from that expressed in such forward-looking statements: general business and economic conditions, including higher inflation and its impacts, nationally or in the markets that we serve could adversely affect, among other things, real estate valuations, unemployment levels, the ability of businesses to remain viable, consumer and business confidence, and consumer or business spending, which could lead to decreases in demand for loans, deposits, and other financial services that we provide and increases in loan delinquencies and defaults; the concentration of our business in and around the Washington, D.C. metropolitan area and the effects of changes in the economic, political, and environmental conditions on this market, including potential reductions in spending by the U.S. government and related reductions in the federal workforce; the impact of the interest rate environment on our business, financial condition and results of operation, and its impact on the composition and costs of deposits, loan demand, and the values and liquidity of loan collateral, securities, and interest sensitive assets and liabilities; changes in our liquidity requirements could be adversely affected by changes in our assets and liabilities; changes in the assumptions underlying the establishment of reserves for possible credit losses and the possibility that future credit losses may be higher than currently expected; the management of risks inherent in our real estate loan portfolio, and the risk of a prolonged downturn in the real estate market, which could impair the value of loan collateral and the ability to sell collateral upon any foreclosure; changes in market conditions, specifically declines in the commercial and residential real estate market, volatility and disruption of the capital and credit markets, and soundness of other financial institutions that we do business with; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; our investment securities portfolio is subject to credit risk, market risk, and liquidity risk as well as changes in the estimates used to value the securities in the portfolio; declines in our common stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to record a noncash impairment charge to earnings in future periods; potential exposure to fraud, negligence, computer theft and cyber-crime, and our ability to maintain the security of our data processing and information technology systems; the impact of changes in bank regulatory conditions, including laws, regulations and policies concerning capital requirements, deposit insurance premiums, taxes, securities, and the application thereof by regulatory bodies; the effect of changes in accounting policies and practices, as may be adopted from time to time by bank regulatory agencies, the Securities and Exchange Commission (the "SEC"), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setting bodies; competitive pressures among financial services companies, including the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers; the effect of acquisitions and partnerships we may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions; our involvement, from time to time, in legal proceedings and examination and remedial actions by regulators; geopolitical conditions, including trade restrictions and tariffs, and acts or threats of terrorism, or actions taken by the United States or other governments in response to trade restrictions and tariffs, and acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad; and the occurrence of significant natural disasters, including severe weather conditions, floods, health related issues or emergencies, and other catastrophic events. The foregoing factors should not be considered exhaustive and should be read together with other cautionary statements that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, including those discussed in the section entitled "Risk Factors," and in the Company’s other periodic and current reports filed with the SEC. If one or more of the factors affecting our forward-looking information and statements proves incorrect, then our actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on our forward-looking information and statements. We will not update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict their occurrence or how they will affect the Company’s operations, financial condition or results of operations. View source version on businesswire.com: https://www.businesswire.com/news/home/20260120651105/en/ Contacts For further information, contact: David W. Pijor, Esq., Chairman and Chief Executive Officer Phone: (703) 436-3802 Email: [email protected] Patricia A. Ferrick, President Phone: (703) 436-3822 Email: [email protected]