Fvcbankcorp, Inc. · NASDAQ:FVCB
Fvcbankcorp — Investor Presentation (September 2019)
16 slides from Fvcbankcorp's investor presentation, Sep 4, 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 Well positioned in one of the most attractive banking markets in the U.S. • Sixth largest MSA with favorable demographics, economic trends and business investments • Recent consolidation in local markets has created growth opportuniti
Slide 3: Company Snapshot
Company Snapshot Dollar values in thousands, except per share data Financial Highlights ¹ Gross Loans $1,234,372 Tangible Common Equity $161,940 1 MRQ Core ROAA 1.13% MRQ Net Interest Margin 3.59% Total Deposits ($000) 5-Year CAGR (%) Address City , State NPAs² / Assets 0.93% 1 11325 Ra ndom Hi l l
Slide 4: Well Positioned In One of the Most Attractive Markets in the U.S.
Well Positioned In One of the Most Attractive Markets in the U.S. Top 10 MSAs By Population Vibrant Economy 5 Yr. Historical Deposit CAGR (%) • Washington D.C. and Baltimore MSAs contain 30 and 7 Fortune 1000 companies, respectively Over 3.3 million private sector employees and nearly 1 million publ
Slide 5: Track Record of Exceptional Growth and Strong Profitability: Balance Sheet Leverage
Track Record of Exceptional Growth and Strong Profitability Relationship Driven Model Continues to Create Balance Sheet Leverage Total Assets Total Loans, Net of Fees Total Deposits Colombo contribution 2014201520162017 2018 2019Q2 2014 2015201620172018 2019Q2 2014 20152016201720182019Q2 19.3% 21.8%
Slide 6: Stable Margin and Improving Efficiency Produce An Attractive Earnings Stream
Track Record of Exceptional Growth and Strong Profitability Stable Margin and Improving Efficiency Produce An Attractive Earnings Stream Pre-Tax Income ($M) Efficiency Ratio (%) 65.2% 27.1% CAGR $16.4 2014 2015 2016 2017 2018 ¹ YTD Q219 ² 2014 2015 2016 2017 2018 ¹ YTD Q219 ¹ Net Interest Margin (%)
Slide 7: Well Diversified Commercial Portfolio Positioning For Future Growth
Disciplined, Low-Risk Commercial Well Diversified Commercial Portfolio Balance Sheet Positioning For Future Growth C&I Portfolio Balance % of Portfolio Yield Commercial and Industrial Owner Occupied CRE $119,040 $171,773 9.6% 13.9% 6.35 % 4.95 % • Nineteen loan officers with deep connections to the
Slide 8: Proven History of Strong Credit Metrics
Disciplined, Low-Risk Commercial Proven History of Strong Credit Metrics Balance Sheet Non-Owner Occupied CRE & Construction Net Charge-Offs (Recoveries) / Average Loans ($000s) CRE Type % of Total CRE LTV (Maximum Bank DSC (Minimum Balance Guidelines) Bank Guidelines) Retail $156,690 17.65 % 75% 1.
Slide 9: Strong Core Deposit Base
Strong Core Deposit Base Deposit Portfolio Composition • Full service relationships continue to drive core deposit growth As of 12/31/2014 As of 6/30/2019 Wholesale 6.5% Wholesale 10.3% Time 25.2% – Approximately $820.9mm in loans, or 75% of the commercial loan portfolio, retain a deposit relationsh
Slide 10: Experienced Leadership Team: Management Team With Strong Ties to The Market
Experienced Leadership Team Management Team With Strong Ties to The Market… FVCB’s executive management team consists of seven officers with over 185 years of combined experience in the Washington, D.C. metropolitan area • David Pijor was the founding Chairman of the Board of James Monroe Bancorp, w
Slide 11: Governed and Supported By An Exceptional Board
Experienced Leadership Team …Governed and Supported By An Exceptional Board • Served as Vice Chairman of the Board since 2015 Served as President and COO of FVCB from 2008 to 2013 Served as CEO and President of Cardinal Bank from 1997 to 1999 • Served as Chairman of the Board and CEO of FVCB since i
Slide 12: Appendix: Additional Materials
Appendix: Additional Materials 13
Slide 13: Financial Highlights
Financial Highlights Financial Data as of 06/30/19 Dollars in Millions, Except Per Share Amounts 2014 2015 2016 2017 2018 YTD Q219 Total Assets Total Loans, Net of Fees Total Deposits Total Equity $605 $510 $504 $67 $737 $624 $627 $73 $909 $768 $776 $80 $1,053 $889 $928 $98 $1,352 $1,137 $1,162 $158
Slide 14: 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 Opportuni
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 August 2017 Follow-On Offering #2 $6.7mm @ $13.00/$13.50 per share ($6.66/$6.91
Slide 16: 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 November 2007 FVCbankis established $23mm offering @ $10 per share ($5.12 per share split adj