Fvcbankcorp, Inc. · NASDAQ:FVCB
Fvcbankcorp — Shareholder Meeting (May 2023)
19 slides from Fvcbankcorp's shareholder meeting presentation, May 18, 2023
Slide 1: 2023 Annual Shareholders' Meeting
2023 Annual Shareholders’ Meeting May 17, 2023 NASDAQ: FVCB
Slide 2: Forward-Looking Statements; Non-GAAP Information
Forward-Looking Statements; Non-GAAP Information 2 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, p
Slide 3: Company Snapshot
3 (1) Financial data as of the quarter ended March 31, 2023, 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 presentation. (4)
Slide 4: 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
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: Track Record of Exceptional Growth and Strong Profitability
$1,053 $1,153 $1,537 $1,821 $2,203 $2,344 $199 2017 2018 2019 2020 2021 2022 Total Assets ($M) Total Loans, Net of Fees ($M) Total Deposits ($M) CAGR: 17.4% CAGR: 15.7% CAGR: 12.7% Organic YOY Growth Rate Organic YOY Growth Rate1 Organic YOY Growth Rate Track Record of Exceptional Growth and Strong
Slide 7: 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 $0.13 million for 2022. Pre-Tax Pre-Provision Income ($M)1 Operating Efficiency Ratio (%)1 Net Interest Margin (%) Track Record
Slide 8: Experienced Leadership Team
Experienced Leadership Team Management Team With Strong Ties to The Market… 8 FVCB’s executive management team consists of seven officers with 210 years of combined experience in the Washington, D.C. metropolitan area • David Pijor was the founding Chairman of the Board of James Monroe Bancorp, whic
Slide 9: Board of Directors
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 10: Positioning For Future Growth
10 Positioning For Future Growth • 16 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 2022 totaled $573.8 million. • Medium to sm
Slide 11: Strong Core Deposit Base
Strong Core Deposit Base • Full-service relationships continue to drive core deposit growth: ‒ Approximately three quarters of the commercial loan portfolio retains a deposit relationship with the bank. • Growth in commercial accounts provide cross selling opportunities with FVCB’s technology invest
Slide 12: Quarter Ended March 31, 2023: First Quarter Selected Highlights
Quarter Ended March 31, 2023 First Quarter Selected Highlights • Fortified and Well Capitalized Balance Sheet • FVCBank (the “Bank”) has a resilient balance sheet with Tangible Common Equity ("TCE") to Total Assets ("TA") ratio of 8.92% at March 31, 2023. • The Company’s investment securities are cl
Slide 13: Quarter Ended March 31, 2023 (continued)
Quarter Ended March 31, 2023 (continued) • Diverse Sources of Available Liquidity • At March 31, 2023, the Company’s liquidity position, which includes cash totaling $144.9 million, unencumbered investment securities totaling $95.6 million, and available unsecured and secured borrowing capacity tota
Slide 14: Quarter Ended March 31, 2023 (continued)
Quarter Ended March 31, 2023 (continued) • Continued Solid Credit Quality • Nonperforming loans to total assets remained at 0.19% for December 31, 2022, and March 31, 2023. • The Company recorded net recoveries of $23 thousand, or (0.01)% of average loans in the first quarter of 2023. • The loan por
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… SPARC provides essential day pr
Slide 16: 2023 Annual Shareholders' Meeting
2023 Annual Shareholders’ Meeting May 17, 2023 NASDAQ: FVCB
Slide 17: 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. 17 (1) $13.00 for existing shareholders, $13.50 for new shares offered to the public. Source
Slide 18: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 18 * Amounts for all periods reflect the effect of a 25% stock dividend declared on December 15, 2022, for shareholders of record on January 9, 2023, payable on January 31, 2023.
Slide 19: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 19 * Amounts for all periods reflect the effect of a 25% stock dividend declared on December 15, 2022, for shareholders of record on January 9, 2023, payable on January 31, 2023.