Fvcbankcorp, Inc. · NASDAQ:FVCB
Fvcbankcorp — Investor Presentation (September 2022)
21 slides from Fvcbankcorp's investor presentation, Sep 7, 2022
Slide 1: FVCBankcorp, Inc. Summer 2022
FVCBankcorp, Inc. NASDAQ: FVCB Summer 2022
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, statements of goals, intentions, and expectations as to future trends, pla
Slide 3: FVCB Company Snapshot
(1) Consolidated financial data as of the quarter ended June 30, 2022, 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
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. 4 (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 Embracing technology to leverage capacity and grow market share. *FVCbankcorp, Inc. has invested in KlariVis and JAM FINTOP Blockchain (the Fund). Strategically Aligned Solutions • Loan Origination Platform provides paperless workflow solution and a
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 CAGRs in excess of 19% for assets, 14%
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
$1,007 $1,162 $1,286 $1,532 $1,884 $1,927 2017 2018 2019 2020 2021 2022 Q2 $889 $994 $1,282 $1,313 $1,476 $1,658 $143 $153 $28 $6 2017 2018 2019 2020 2021 2022 Q2 $1,053 $1,153 $1,537 $1,821 $2,203 $2,306 $199 2017 2018 2019 2020 2021 2022 Q2 Total Assets ($M) Total Loans, Net of Fees ($M) Total Dep
Slide 9: Stable Margin and Improving Efficiency Produce An Attractive Earnings Stream
(1) Non-GAAP financial measure. (2) Excludes one-time transaction costs of $3.3 million for 2018, $0.13 million for 2019, $0.68 million for 2020, $1.8 million for 2021, and $0.13 million for 2022 YTD. Pre-Tax Pre-Provision Income ($M)1 Efficiency Ratio (%)1 Net Interest Margin (%) Track Record of Ex
Slide 10: Well Diversified Loan Portfolio
Disciplined, Low-Risk Commercial Balance Sheet Well Diversified Loan Portfolio 10 CRE 50.67% C&I 12.96% Resi 17.55% C&D 9.73% Other 9.09% Balanced Loan Portfolio Segmentation C&I Portfolio ($000s) Balance % of Portfolio Yield Balance % Change from 2021 YE Commercial and Industrial $215,755 12.96% 4.
Slide 11: Well Diversified Commercial Portfolio
Positioning For Future Growth • 21 loan officers with deep connections to the markets; average experience of over 20 years. • Focused effort on commercial, real estate and small business, including government contracting. • Expanded focus on government contracting provides large source of growth pot
Slide 12: Proven History of Strong Credit Metrics
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 Balance Sheet Proven History of Strong Credit Metrics 0.05% 0.05% 0.02
Slide 13: Strong Core Deposit Base
Strong Core Deposit Base • Full-service relationships continue to drive core deposit growth. ‒ Approximately 74% of the commercial loan portfolio retains a deposit relationship with the bank. • Growth in commercial accounts provide cross selling opportunities with FVCB’s technology investment. ‒ $1.
Slide 14: Experienced Leadership Team
Experienced Leadership Team Management Team With Strong Ties to The Market… FVCB’s executive management team consists of seven officers with over 203 years of combined experience in the Washington, D.C. metropolitan area. • David Pijor was the founding Chairman of the Board of James Monroe Bancorp,
Slide 15: Chairman, Vice Chairman and Board Bios
David Pijor Chairman & CEO • Served as Chairman of the Board and CEO of FVCB since its organization • Lead organizer, Chairman of the Board and General Counsel of James Monroe Bank from its inception to sale to Mercantile Bankshares L. Burwell Gunn Jr. Vice Chairman • Served as Vice Chairman of the
Slide 16: Appendix: Additional Materials
16 Appendix: Additional Materials
Slide 17: Appendix: Non-GAAP Financial Measures Pre-Tax Pre-Provision Income
Appendix: Non-GAAP Financial Measures 17 Pre-Tax Pre-Provision Income & Other Financial Metrics (Dollars and shares in thousands, except per share data) For the Three Months Ended June 30, 2022 For the Six Months Ended June 30, 2022 2017 2018 2019 2020 2021 Net Income Net income (GAAP) 7,690$ 10,869
Slide 18: Appendix: Non-GAAP Financial Measures Adjusted Operating Efficiency Ratio
Appendix: Non-GAAP Financial Measures 18 Adjusted Operating Efficiency Ratio (Dollars in thousands) 2017 2018 2019 2020 2021 For the Three Months Ended June 30, 2022 For the Six Months Ended June 30, 2022 Noninterest expense (GAAP) $19,346 $26,448 $28,877 $30,838 $34,540 8,216$ 16,657$ Less: Merger-
Slide 19: Financial Highlights
Financial Highlights (1) Performance ratios presented are calculated using annualized GAAP net income. (2) Non-GAAP financial measures exclude one-time transaction costs of $3.3 million for 2018, $0.13 million for 2019, $0.68 million for 2020, $1.8 million for 2021, and $0.13 million for 2022 YTD. (
Slide 20: 5-Year Loan History
5-YEAR LOAN HISTORY 20 For the Period Ended 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 6/30/2022 ($000s) C&I Portfolio Commercial & Industrial $ 83,262 $ 121,864 $ 96,995 $ 265,866 $ 196,428 215,755$ Owner Occupied CRE 120,965 157,486 205,892 182,851 190,334 208,598$ Total C&I $ 204,227
Slide 21: 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