FVCBankcorp, Inc. Announces Record Earnings; 45% Increase in Net Income Compared to Year Ago Quarter
FVCBankcorp, Inc. (NASDAQ: FVCB) (the “Company”) today reported net income of $8.2 million for the quarter ended June 30, 2026 compared to net income of $5.7 million for the quarter ended June 30, 2025, an increase of $2.6 million, or 45%. Compared to the linked quarter, net income increased $1.8 million, or 29%, from $6.4 million for the quarter ended March 31, 2026. Included in net income for the three months ended June 30, 2026 is a one-time pre-tax gain of $847 thousand attributable to the completed sale of the Company’s interest in Bearing Insurance Group, LLC to an unaffiliated third party.
Diluted earnings per share were $0.45 for the quarter ended June 30, 2026 compared to $0.31 for the quarter ended June 30, 2025, an increase of 45%. Compared to the quarter ended March 31, 2026, diluted earnings per share for the second quarter of 2026 increased $0.10, or 29%, from $0.35.
Return on average assets for the quarter ended June 30, 2026 was 1.48%, an increase from 1.17% for the quarter ended March 31, 2026, and an increase from 1.02% for the year ago quarter ended June 30, 2025. Return on average equity increased to 12.50% for the quarter ended June 30, 2026, compared to 10.04% for the quarter ended March 31, 2026, and 9.39% for the year ago quarter ended June 30, 2025.
