Fvcbankcorp, Inc. · NASDAQ:FVCB
Fvcbankcorp — Shareholder Meeting (May 2021)
17 slides from Fvcbankcorp's shareholder meeting presentation, May 19, 2021
Slide 1: 2021 Annual Shareholders' Meeting
NASDAQ: FVCB 2021 Annual Shareholders’ Meeting May 19, 2021
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: Financial Highlights
LPO 6 8 3 7 9 1 4 2 5 Financial Highlights ¹ Total Assets $1,884,517 Gross Loans$1,452,402 Total Deposits$1,594,639 Tangible Common Equity (TCE)$186,652 TCE / Total Assets²9.90% MRQ Pre-tax pre-provision ROAA²1.49% MRQ Pre-tax pre-provision ROAE²14.40% MRQ Efficiency Ratio²53.13% AddressCity , State
Slide 4: Opportunity and Blueprint for Success
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. OpportunityBlueprint for Succes
Slide 5: Growth in Assets, Loans and Deposits
$1,821 $1,537 $199 $1,153 $1,053 $909 $737 Colombo contribution Organic Growth $1,532 $1,286 $138 $1,024 $928 $776 $627 $153 $1,271 $143 $994 $889 $768 $624
Slide 6: Pre-Tax Pre-Provision Income and Efficiency Ratio
Pre-Tax Pre-Provision Income ($M)1Efficiency Ratio (%)1 $30.0 61.1% 57.9% 56.8% 55.2% 55.7% 54.3% $21.9 $18.4 $15.7 $12.0 $9.4 $15.0 $10.0 $5.0 $0.0 2015201620172018 ²2019 ²2020 ² 3.51% 3.43% 3.51% 3.48% 3.28% 201520162017201820192020 2015201620172018 ²2019 ²2020 ² Non-GAAP financial measure. Exclud
Slide 7: Executive Management Team
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, which opened in June 1998 in Arlington, VA, and was instrumental in the growth
Slide 8: Management and Board Biographies
David Pijor Chairman & CEO Lead organizer, Chairman of the Board and General Counsel of James Monroe Bank from its inception to sale to Mercantile Bankshares Served as Vice Chairman of the Board since 2015 L. Burwell Gunn Jr. Vice Chairman Served as CEO and President of Cardinal Bank from 1997 to 19
Slide 9: Well Diversified Commercial Portfolio Positioning For Future Growth
Well Diversified Commercial Portfolio Positioning For Future Growth 17 loan officers with deep connections to the markets; average experience of over 20 years Focused effort on commercial, real estate and small business Total loans originated during 2020 totaled $453.0 million Small average loan bal
Slide 10: Full-service relationships drive core deposit growth
Full-service relationships continue to drive core deposit growth ‒Approximately $1.02 billion in loans, or 79% of the commercial loan portfolio, retain a deposit relationship with the bank Growth in commercial accounts provide cross selling opportunities with FVCB’s technology investment ‒$1.17 bill
Slide 11: CARES Act and PPP Lending
The CARES Act, which was enacted March 27, 2020, included several provisions designed to provide relief to individuals and businesses as well as the banking system. Among the more significant components of this legislation was the creation of the PPP. Loans made under the PPP are fully guaranteed as
Slide 12: First Quarter Selected Highlights
First Quarter Selected Highlights Improved Credit Quality Metrics Watchlist credits decreased $9.9 million or 30% from December 31, 2020. Nonperforming loans and loans past due 90 days or more were 0.27% of total assets Strong Core Deposit Growth Core deposits increased $77.1 million, 21% annualized
Slide 13: Well-Capitalized Bank; Improved Efficiency Ratio
Well-Capitalized Bank Capital ratios at the FVCB’s subsidiary bank, FVCbank, remain above the threshold to be considered well-capitalized at March 31, 2021 Improved Efficiency Ratio1 Efficiency ratio for the three months ended March 31, 2021 was 53.1%, an improvement from 55.9% for the year ago quar
Slide 14: 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 Veterans Moving Forward, Inc. Founded in 2010, Veterans Moving Forward
Slide 15: 2021 Annual Shareholders' Meeting
NASDAQ: FVCB 2021 Annual Shareholders’ Meeting May 19, 2021
Slide 16: Pre-Tax Pre-Provision Income & Other Financial Metrics
Pre-Tax Pre-Provision Income & Other Financial Metrics (Dollars and shares in thousands, except per share data) Add: Provision for loan losses1,0731,4711,2001,9201,7205,0161,066-Add: Merger-related expenses---3,339133---Add: Impairment loss related to branch closures-----676--Add: Income tax expense
Slide 17: Adjusted Operating Efficiency Ratio; Tangible Common Equity
Adjusted Operating Efficiency Ratio (Dollars in thousands) For the Years Ended December 31,For the Three Months Ended March 31, 20152016201720182019202020202021 Noninterest expense (GAAP) $14,701 $ 16,446 $ 19,346 $ 26,448 $ 28,877 $ 30,838 $7,209$ 7,882 Less: Merger-related expenses---3,339133---Le