FVCBankcorp | 10-Q: FY2025 Q3 Revenue: USD 30.86 M

Revenue: As of FY2025 Q3, the actual value is USD 30.86 M.

EPS: As of FY2025 Q3, the actual value is USD 0.31, meeting the estimate of USD 0.31.

EBIT: As of FY2025 Q3, the actual value is USD 21.01 M.

Interest and Fees on Loans: $26,984 thousand for the three months ended September 30, 2025, compared to $27,381 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $80,566 thousand compared to $79,152 thousand in 2024.
Interest and Dividends on Securities Available-for-Sale: $906 thousand for the three months ended September 30, 2025, compared to $915 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $2,736 thousand compared to $2,823 thousand in 2024.
Interest on Deposits at Other Financial Institutions: $1,817 thousand for the three months ended September 30, 2025, compared to $802 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $4,144 thousand compared to $1,575 thousand in 2024.

Net Interest Income: $16,033 thousand for the three months ended September 30, 2025, compared to $14,213 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $46,844 thousand compared to $40,675 thousand in 2024.
Provision for Credit Losses: $375 thousand for the three months ended September 30, 2025, compared to a recovery of $200 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $680 thousand compared to $6 thousand in 2024.
Net Income: $5,579 thousand for the three months ended September 30, 2025, compared to $4,669 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $16,411 thousand compared to $10,164 thousand in 2024.

Net Cash Provided by Operating Activities: $16,268 thousand for the nine months ended September 30, 2025, compared to $13,384 thousand for the same period in 2024.
Net Cash Used in Investing Activities: - $111,557 thousand for the nine months ended September 30, 2025, compared to - $100,360 thousand for the same period in 2024.
Net Cash Provided by Financing Activities: $102,045 thousand for the nine months ended September 30, 2025, compared to $88,985 thousand for the same period in 2024.

Income from Minority Membership Interests: $508 thousand for the three months ended September 30, 2025, compared to $278 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $1,000 thousand compared to $426 thousand in 2024.
Gain on Termination of Derivative Instruments: $154 thousand for the nine months ended September 30, 2025, with no comparable figure for 2024.

Core Business Focus: The company aims to continue growing its net interest income by managing its balance sheet and interest rate risk exposure. The focus will be on maintaining a stable net interest margin by monitoring liquidity and the spread between interest rates earned on assets and paid on liabilities. The company also plans to manage credit risk by carefully underwriting and monitoring its loan portfolio.
Non-Core Business: The company is involved in providing banking services to customers in the cannabis industry, primarily in Virginia, Maryland, and the District of Columbia. This segment includes multi-state operators, fully integrated state-wide operators, independent dispensary/cultivation licensees, and provisional cannabis licensees. The company maintains stringent policies and procedures for onboarding and monitoring these customers.

The company expects to continue its focus on managing interest rate risk and credit risk to maintain a stable net interest margin and grow net interest income. The company also plans to continue its involvement in the cannabis industry, with a focus on maintaining stringent compliance and monitoring procedures.