Fvcbankcorp, Inc. · NASDAQ:FVCB
Fvcbankcorp — Investor Presentation (September 2023)
22 slides from Fvcbankcorp's investor presentation, Sep 6, 2023
Slide 1: FVCBankcorp, Inc. - Fall 2023
FVCBankcorp, Inc. - Fall 2023 -
Slide 2: Forward-Looking Statements; Non-GAAP Information
Forward-Looking Statements; Non-GAAP Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements of goals, intentions, and expectations as to future trends,
Slide 3: FVCB Company Snapshot
(1) Consolidated financial data as of the quarter ended June 30, 2023, unless otherwise noted. (2) Nonperforming assets defined as nonaccruals, loans past-due 90 days or more, and other real estate owned. (3) Non-GAAP financial measure. See the reconciliation included in the appendix to this present
Slide 4: FVCB Franchise History
4 FVCB Franchise History Since inception, FVCbank has successfully executed a strategic plan focused on organic growth and opportunistic acquisitions without compromising asset quality or financial discipline. (1) $13.00 for existing shareholders, $13.50 for new shares offered to the public. Source:
Slide 5: Technology Deployment Driving Top-Tier Performance
Technology Deployment Driving Top-Tier Performance *FVCbankcorp, Inc. has invested in KlariVis and JAM FINTOP Blockchain (the Fund). Strategically Aligned Solutions 5 Lending • Loan origination platform provides paperless workflow solution and automates approval process and tickler tracking. • Autom
Slide 6: An Attractive Investment Opportunity in the DC and Baltimore MSAs
An Attractive Investment Opportunity in the DC and Baltimore MSAs •Sixth largest MSA with favorable demographics, economic trends and business investments. •Recent consolidation in local markets has created growth opportunities for remaining banks. •Organic CAGRs1 of 17% for assets, 16% for loans, a
Slide 7: Well Positioned In One of the Most Attractive Markets in the U.S.
Well Positioned In One of the Most Attractive Markets in the U.S. Top 10 MSAs By Population Vibrant Economy • Washington D.C. and Baltimore MSAs contain 30 and 7 Fortune 1000 companies, respectively. • Over 3.3 million private sector employees and nearly 1 million public sector employees in the Wash
Slide 8: Track Record of Exceptional Growth and Strong Profitability
Total Assets ($M) Total Loans, Net of Fees ($M) Total Deposits ($M) CAGR: 17.1% CAGR: 15.5% CAGR: 13.9% Track Record of Exceptional Growth and Strong Profitability Relationship Driven Model Continues to Create Balance Sheet Leverage * 2023 Q2 metrics represent annualized growth rates. 8 $1,352 $1,53
Slide 9: Stable Margin and Improving Efficiency Produce An Attractive Earnings Stream
$18.4 $21.9 $25.3 $29.2 $33.7 $11.0 2018 ² 2019 ² 2020 ² 2021 ² 2022 ² 2023 YTD² 3.51% 3.48% 3.28% 3.09% 3.19% 2.60% 2018 2019 2020 2021 2022 2023 Q2 $41.5 $50.6 $55.5 $62.2 $68.1 $29.3 $23.1 $28.7 $30.8 $33.1 $34.3 $18.2 55.7% 56.8% 54.3% 53.2% 50.4% 62.2% 2018 2019 2020 2021 2022 2023 YTD (1) Non-
Slide 10: Well Diversified Loan Portfolio
Disciplined, Low-Risk Commercial Balance Sheet Well Diversified Loan Portfolio 10 Balanced Loan Portfolio Segmentation CRE, 48.16% C&I, 13.19% Resi, 17.82% C&D, 8.37% Warehouse, 1.87% Multifamily / Other, 10.59%
Slide 11: Disciplined, Low-Risk Commercial Balance Sheet: Positioned for Future Growth
• 12 loan officers with deep connections to the markets; average experience of over 21 years. • Focused effort on commercial, real estate and small business, including government contracting. • Expanded focus on government contracting provides large source of growth potential. • Small average loan b
Slide 12: Proven History of Strong Credit Metrics
0.05% 0.05% 0.02% 0.04% 0.03% 0.04% 2018 2019 2020 2021 2022 2023 YTD Net Charge-Offs (Recoveries) / Average Loans Asset Quality Trends Over Time¹ Well-Reserved Loan Portfolio (1) Nonperforming loans defined as nonaccruals and loans past-due 90 days or more. ($000s) Disciplined, Low-Risk Commercial
Slide 13: Strong Core Deposit Base
Strong Core Deposit Base • Full-service relationships continue to drive core deposit growth. ‒ Approximately three quarters of the commercial loan portfolio retains a deposit relationship with the bank. • Growth in commercial accounts provide cross selling opportunities with FVCB’s technology invest
Slide 14: Strong Liquidity Sources
Strong Liquidity Sources 14*Values above in millions. • Stress testing is performed quarterly with assumptions inclusive of both systemic and idiosyncratic risks. • Stress testing performed as of June 30, 2023, demonstrates a strong liquidity position in all tested scenarios. $ in thousands As of Ju
Slide 15: Experienced Leadership Team
Experienced Leadership Team Management Team With Strong Ties to The Market… FVCB’s executive management team consists of seven officers with over 217 years of combined experience in the Washington, D.C. metropolitan area. • David Pijor was the founding Chairman of the Board of James Monroe Bancorp,
Slide 16: Board of Directors
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 the
Slide 17: Appendix: Additional Materials
17 Appendix: Additional Materials
Slide 18: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 18 For the Three Months Ended June 30, 2023 For the Six Months Ended June 30, 2023 2018 2019 2020 2021 2022 Net Income Net income (GAAP) 10,869$ 15,828$ 15,501$ 21,933$ 24,984$ 4,232$ 4,854$ Add: Provision for loan losses 1,920 1,720 5,016 (500) 2,629 618 860 Ad
Slide 19: Appendix: Non-GAAP Financial Measures - Adjusted Operating Efficiency Ratio
Appendix: Non-GAAP Financial Measures 19 Adjusted Operating Efficiency Ratio (Dollars in thousands) For the Years Ended December 31, 2018 2019 2020 2021 2022 For the Three Months Ended June 30, 2023 For the Six Months Ended June 30, 2023 Noninterest expense (GAAP) $26,448 $28,877 $30,838 $34,540 $34
Slide 20: Appendix: Financial Highlights
Appendix: Financial Highlights (1) Performance ratios presented are calculated using annualized GAAP net income. (2) Non-GAAP financial measures excludes one-time transaction costs of $3.3 million for 2018, $0.13 million for 2019, $0..68 for 2020, $1.4 million for 2021, $0.13 million for 2022, and $
Slide 21: Appendix: 5-year Loan History
Appendix: 5-year Loan History 21
Slide 22: FVCB Business Strategy
FVCB Business Strategy 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. Opportun