Fvcbankcorp, Inc. · NASDAQ:FVCB
Fvcbankcorp — Shareholder Meeting (May 2022)
19 slides from Fvcbankcorp's shareholder meeting presentation, May 19, 2022
Slide 1: 2022 Annual Shareholders' Meeting
2022 Annual Shareholders’ Meeting May 18, 2022 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 Exchange Act of 1934 , as amended, including statements of goals, intentions,
Slide 3: Company Snapshot
3 (1) Financial data as of the quarter ended March 31, 2022 unless otherwise noted (2) Non - GAAP financial measure. See the reconciliation included in the appendix to this presentation. (3) Nonperforming assets defined as nonaccruals, loans past - due 90 days or more, and other real estate owned. C
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: Technology Deployment Driving Top-Tier Performance
Technology Deployment Driving Top - Tier Performance Embracing technology to capitalize on opportunities to grow market share and improve efficiencies 5 * FVCbankcorp , Inc. has invested in KlariVis Strategically Aligned Solutions • Loan Origination Platform provides paperless workflow solution and
Slide 6: An Attractive Investment Opportunity in the DC and Baltimore MSAs
An Attractive Investment Opportunity in the DC and Baltimore MSAs 6 • Sixth largest MSA with favorable demographics, economic trends and business investments • Recent consolidation in local markets has created growth opportunities for remaining firms • Organic CAGRs in excess of 14 % for assets, loa
Slide 7: Track Record of Exceptional Growth and Strong Profitability
Colombo contribution 7 Total Assets ($M) Total Loans, Net of Fees ($M) Total Deposits ($M) CAGR: 19.4% CAGR: 14.4% CAGR: 19.4% Organic YOY Growth Rate Organic YOY Growth Rate (1) Organic YOY Growth Rate Organic Growth Track Record of Exceptional Growth and Strong Profitability Relationship Driven Mo
Slide 8: 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, and $1.8 million for 2021. 8 Pre - Tax Pre - Provision Income ($M) 1 Efficiency Ratio (%) 1 Net Interest Margin (%) Track Record of Exceptional Growth
Slide 9: Experienced Leadership Team
Experienced Leadership Team Management Team With Strong Ties to The Market… 9 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 203 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 10: Chairman, CEO and Board of Directors
10 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 t
Slide 11: Positioning For Future Growth
11 Positioning For Future Growth • 19 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 • Total loans originated during 2021 totaled $492.4 million • Small average l
Slide 12: Strong Core Deposit Base
Strong Core Deposit Base • Full - service relationships continue to drive core deposit growth ‒ Approximately $1.00 billion 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 t
Slide 13: Quarter Ended March 31, 2022 First Quarter Selected Highlights
Quarter Ended March 31, 2022 First Quarter Selected Highlights • Improved Credit Quality Metrics • Watchlist credits decreased $1.8 million or 8.3% from December 31, 2021. • Nonperforming loans and loans past due 90 days or more were 0.17% of total assets • Strong Core Deposit Franchise • Cost of de
Slide 14: Quarter Ended March 31, 2022 (continued)
Quarter Ended March 31, 2022 (continued) • Well - Capitalized Bank • Capital ratios at the FVCB’s subsidiary bank, FVCbank , remain above the threshold to be considered well - capitalized at March 31, 2022 • Improved Efficiency Ratio 1 • Efficiency ratio for the three months ended March 31, 2022 was
Slide 15: The L. Burwell Gunn Citizenship Award
The L. Burwell Gunn Citizenship Award Each year, FVCBank identifies one or more nonprofit organizations to award funds from the L. Burwell Gunn Citizenship Award to support these organizations ongoing efforts to help the communities we serve. This year’s recipient is HEROES, Inc. Founded in 1964, HE
Slide 16: 2022 Annual Shareholders' Meeting
2022 Annual Shareholders’ Meeting May 18, 2022 NASDAQ: FVCB
Slide 17: FVCB Franchise History
F V C B F r anchise History Since inc e p t ion, F V C bank has succes s ful l y e x e cu t e d a s t r at e gic pla n f ocuse d o n o r g anic g ro wth and o p p ortu ni s t ic acquisitions without comp r omisin g ass e t quality o r financial discipline 17 (1) $13.00 for existing shareholders, $13
Slide 18: Appendix: Financial Measures
Appendix: Non - GAAP Financial Measures 18 2016 2017 2018 2019 2020 2021 2021 2022 Net Income Net income (GAAP) 6,932$ 7,690$ 10,869$ 15,828$ 15,501$ 21,933$ 5,569$ 6,613$ Add: Provision for loan losses 1,471 1,200 1,920 1,720 5,016 (500) - 350 Add: Merger-related expenses - - 3,339 133 - 1,445 - 12
Slide 19: Appendix: Financial Measures
Appendix: Non - GAAP Financial Measures 19 2016 2017 2018 2019 2020 2021 2021 2022 Tangible common equity (TCE) Shareholders' equity (GAAP) 79,811$ 98,283$ 158,336$ 179,078$ 189,500$ 209,796$ 194,929$ 200,873$ Less: Intangible assets 119 99 8,443 8,689 8,357 8,052 8,277 7,982 TCE (non-GAAP) 79,692$