FVCBankcorp reports Q4 EPS 27c, two estimates 48c

Q4 net interest income totaled $15.9M, an increase of $641 thousand, or 4%, for the quarter ended December 31, 2022, compared to the year ago quarter. "Our record 2022 annual earnings and strong double-digit loan growth are a result of our commitment to our relationship banking model despite the economic headwinds that emerged in the last half of the year. We executed on market opportunities to add solid loan relationships, which positions us well for 2023 allowing us the ability to further manage our balance sheet. We continue to maintain our strong credit discipline, but also remain vigilant through this market volatility. We are enhancing our client relationships through the deployment of best-in-class technology during the first quarter of 2023. These technology initiatives will further support our business development teams’ ability to provide exceptional personal service to our expanding client base," said David W. Pijor, Chairman and CEO.