Fvcbankcorp, Inc. · NASDAQ:FVCB
Fvcbankcorp — Investor Presentation (November 2019)
15 slides from Fvcbankcorp's investor presentation, Nov 14, 2019
Slide 1: 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 and Exchange Act of 1934, as amended, including statements of goals, intentions, and e
Slide 2: An Attractive Investment Opportunity in the DC and Baltimore MSAs
An Attractive Investment Opportunity in the DC and Baltimore MSAs 3 1 2 3 4 5 Well positioned in one of the most attractive banking markets in the U.S. Track record of exceptional growth and strong profitability Disciplined, low risk commercial balance sheet Strong core deposit base Experienced lead
Slide 3: Company Snapshot
4 Financial data as of or annualized for the three months ended September 30, 2019, unless otherwise noted 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 (
Slide 4: 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. 5 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 Washing
Slide 5: Track Record of Exceptional Growth and Strong Profitability: Organic Growth
Colombo contribution Annualized growth over the first nine months of 2019 Source: S&P Global Market Intelligence; Company documents 6 Total Assets 2 Total Loans, Net of Fees Total Deposits Organic CAGR: 18.7% Organic CAGR: 17.6% Organic CAGR: 19.6% Organic YOY Growth Rate Organic YOY Growth Rate Org
Slide 6: Stable Margin and Improving Efficiency Produce An Attractive Earnings Stream
Excludes one-time transaction costs of $3.3 million for 2018 and $0.13 million for 2019 Represents YTD 2019Q3 pre-tax income Source: S&P Global Market Intelligence; Company documents 7 Pre-Tax Income ($M) Efficiency Ratio (%) Net Interest Margin (%) Drivers of Earnings Growth: Continued leverage and
Slide 7: Disciplined, Low-Risk Commercial Balance Sheet: Positioning For Future Growth
8 Positioning For Future Growth Source: S&P Global Market Intelligence; Company documents 17 loan officers with deep connections to the markets; average experience of over 20 years Focused effort on commercial, real estate and small business Expanded focus on government contracting provides large so
Slide 8: Proven History of Strong Credit Metrics
9 Non-Owner Occupied CRE & Construction Net Charge-Offs (Recoveries) / Average Loans Asset Quality Trends Over Time¹ Well-Reserved Loan Portfolio Nonperforming assets defined as nonaccruals, loans past-due 90 days or more, and other real estate owned 2) OREO property under sales agreement. Sales agr
Slide 9: Strong Core Deposit Base
Strong Core Deposit Base Full service relationships continue to drive core deposit growth Approximately $828.8mm in loans, or 75% of the commercial loan portfolio, retain a deposit relationship with the bank Growth in commercial accounts provide cross selling opportunities with FVCB’s technology inv
Slide 10: Experienced Leadership Team
12 5 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 B
Slide 11: Appendix: Additional Materials
Appendix: Additional Materials 13
Slide 12: Financial Highlights
Financial Highlights 14 Nonperforming assets defined as nonaccruals, loans past-due 90 days or more, and other real estate owned Nonperforming loans defined as nonaccruals and 90+ days past due Source: S&P Global Market Intelligence; Company documents Financial Data as of 09/30/19 Dollars in Million
Slide 13: Loan 5-Year History
LOAN 5-YEAR HISTORY 15 For the Period Ended 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 ($000) C&I Portfolio Commercial & Industrial $ 76,309 $ 86,633 $ 99,314 $ 83,262 $ 121,864 Owner Occupied CRE 84,486 92,977 104,881 120,965 157,486 Total C&I $ 160,795 $ 179,610 $ 204,195 $ 204,227 $ 2
Slide 14: FVCB Business Strategy
FVCB Business Strategy 16 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 Opport
Slide 15: 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 February 2012 uust2017 Follow-On Offering #2 rivet Reg, se. 1mm@ $1300/51350 oeing $10.0rm pe