Fvcbankcorp, Inc. · NASDAQ:FVCB
Fvcbankcorp — Shareholder Meeting (May 2020)
17 slides from Fvcbankcorp's shareholder meeting presentation, May 22, 2020
Slide 1: 2020 Annual Shareholders' Meeting
2020 Annual Shareholders’ Meeting May 20, 2020 NASDAQ: FVCB
Slide 2: Forward-Looking Statements; Non-GAAP Information
Forward - Looking Statements; Non - GAAP Information This presentation contains forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities and Exchange Act of 1934 , as amended, including statements of goals, intenti
Slide 3: Company Snapshot
3 (1) Financial data as of the year ended December 31, 2019, unless otherwise noted (2) Nonperforming assets defined as nonaccruals, loans past - due 90 days or more, and other real estate owned Source: S&P Global Market Intelligence; Company documents Company Snapshot FVCB Legacy ( 6 ) FVCB Acquire
Slide 4: FVCB Business Strategy
FVCB Business St r a t egy 4 FVCB aims to capitalize on market opportunities while maintaining disciplined and comprehensive credit underwriting. FVCB’s focus on providing high - touch, responsive, relationship - based client service allows it to compete effectively and exceed the needs of customers
Slide 5: Track Record of Exceptional Growth and Strong Profitability
Colombo contribution 5 Total Assets Total Loans, Net of Fees Total Deposits CAGR: 16.8% CAGR: 16.4% CAGR: 16.9% Organic YOY Growth Rate Organic YOY Growth Rate Organic YOY Growth Rate Organic Growth Track Record of Exceptional Growth and Strong Profitability Relationship Driven Model Continues to Cr
Slide 6: Stable Margin and Improving Efficiency Produce An Attractive Earnings Stream
(1) Excludes one - time transaction costs of $3.3 million for 2018 Source : S&P Global Market Intelligence; Company documents 6 Pre - Tax Income ($M) Efficiency Ratio (%) Net Interest Margin (%) Drivers of Earnings Growth : • Continued leverage and upside on Colombo franchise • Continued growth in l
Slide 7: Experienced Leadership Team
Experienced Leadership Team Management Team With Strong Ties to The Market… 7 FVCB’s executive m ana g e me n t t eam c onsi s t s o f seven o ffice r s with o v e r 185 y e a r s o f c o mbined e xperienc e in the W a shin gt on, D. C . m e t r o poli t an a r ea • D a v i d P ij or w a s the f o u
Slide 8: Chairman, Vice Chairman and Board of Directors
8 David Pijor Chairman & CEO • Served as Chairman of the Board and CEO of FVCB since its organization • Lead organizer, Chairman of the Board and General Counsel of James Monroe Bank from its inception to sale to Mercantile Bankshares L. Burwell Gunn Jr. Vice Chairman • Served as Vice Chairman of th
Slide 9: Positioning For Future Growth
9 Positioning For Future Growth Source : S&P Global Market Intelligence; Company documents • 20 loan officers with deep connections to the markets; average experience of over 20 years • Focused effort on commercial, real estate and small business • Total loans originated during 2019 totaled $419.4 m
Slide 10: Strong Core Deposit Base
Strong Core Deposit Base • Full service relationships continue to drive core deposit growth ‒ Approximately $861.1mm in loans, or 74% of the commercial loan portfolio, retain a deposit relationship with the bank • Growth in commercial accounts provide cross selling opportunities with FVCB’s technolo
Slide 11: COVID-19 Update
COVID - 19 Update 11 We provide access to financial tools, financial solutions and exceptional service with proactive and responsive relationship banking matched by a commitment to safely and soundly manage bank assets, liquidity and capital. Now more than ever, these priorities have never been more
Slide 12: COVID-19 Update (continued)
COVID – 19 Update ( continued) 12 Proactive Bank Management • We activated our Emergency Management Team process in February to establish the framework for social distancing protocols and involve management and necessary third parties to allow for a smooth transition given pending pandemic • Effecti
Slide 13: CARES Act – Paycheck Protection Program
CARES Act – Paycheck Protection Program 13 The CARES Act, which was enacted March 27, 2020, included several provisions designed to provide relief to individuals and businesses as well as the banking system. Among the more significant components of this legislation was the creation of the PPP. Loans
Slide 14: Quarter Ended March 31, 2020
Quarter Ended March 31, 2020 First Quarter Selected Highlights • Improved Credit Quality Metrics • Watchlist credits decreased $31.3 million or 56% • Nonperforming loans and loans past due 90 days or more were 0.56% of total assets • Continued Growth in Loan Portfolio • Total loans, net of fees incr
Slide 15: Quarter Ended March 31, 2020 (continued)
Quarter Ended March 31, 2020 (continued) • Share Repurchase Program • The Company repurchased 487,531 shares of common stock at an average price of $14.90 • The Company has suspended stock repurchases at this time. • Well - Capitalized Bank • Capital ratios at the Company’s subsidiary bank, FVCbank
Slide 16: The L. Burwell Gunn Citizenship Award
The L. Burwell Gunn Citizenship Award Each year, FVCBank identifies several nonprofit organizations to award funds from the L. Burwell Gunn Citizenship Award to support these organizations ongoing efforts to help the communities we serve. Kids R First ( https:// www.kidsrfirst.org ) Kids R First is
Slide 17: 2020 Annual Shareholders' Meeting
2020 Annual Shareholders’ Meeting May 20, 2020 NASDAQ: FVCB