Fvcbankcorp, Inc. · NASDAQ:FVCB
Fvcbankcorp — Investor Presentation (June 2022)
20 slides from Fvcbankcorp's investor presentation, Jun 2, 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 Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements of goals, intentions, and expec
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. Compa
Slide 4: An Attractive Investment Opportunity in the DC and Baltimore MSAs
An Attractive Investment Opportunity in the DC and Baltimore MSAs 4 •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, loans,
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 auto
Slide 6: 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. 6 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 Was
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: 17.5% CAGR: 13.1% CAGR: 17.2% 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 Mod
Slide 8: Positioning For Future Growth
8 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. • Expanded focus on government contracting provides large source of growth po
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 $125 thousand for 2022 Q1. 9 Pre-Tax Pre-Provision Income ($M)1 Efficiency Ratio (%)1 Net Interest Margin (%) Track Record of E
Slide 10: Proven History of Strong Credit Metrics
10 Net Charge-Offs (Recoveries) / Average Loans Asset Quality Trends Over Time¹ Well-Reserved Loan Portfolio (1) Nonperforming assets defined as nonaccruals, loans past-due 90 days or more, and other real estate owned ($000s) Nonperforming Loans (NPLs) OREO Disciplined, Low-Risk Commercial Balance S
Slide 11: 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 tec
Slide 12: Experienced Leadership Team
Experienced Leadership Team Management Team With Strong Ties to The Market… 12 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 13: Board of Directors and Leadership Bios
13 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 14: Appendix: Additional Materials
Appendix: Additional Materials 14
Slide 15: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 15 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 - 1,44
Slide 16: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 16 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
Slide 17: Financial Highlights
Financial Highlights 17 (1) Performance ratios presented are calculated using annualized GAAP net income. (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 $125 thousand for 2022 Q1. (3) Nonperforming assets d
Slide 18: Loan 5-Year History
LOAN 5-YEAR HISTORY 18 For the Period Ended 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 3/31/2022 ($000s) C&I Portfolio Commercial & Industrial $ 83,262 $ 121,864 $ 96,995 $ 265,866 $ 196,428 $ 194,216 Owner Occupied CRE 120,965 157,486 205,892 182,851 190,334 201,527 Total C&I $ 204,227
Slide 19: FVCB Business Strategy
FVCB Business Strategy 19 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. Oppor
Slide 20: 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 20 (1) $13.00 for existing shareholders, $13.50 for new shares offered to the public Source: