On this page of StockholderLetter.com we present the latest annual shareholder letter from FVCBankcorp, Inc. — ticker symbol FVCB. Reading current and past FVCB letters to shareholders can bring important insights into the investment thesis.
Relationships. Insight. Impact. 2025 Annual Report
Mission Statement from Patricia A. Ferrick, President At FVCbank, our mission is to build enduring relationships by delivering thoughtful advice, innovative financial solutions, and personal service that help our clients succeed. We believe strong communities are built on trust, collaboration, and responsible growth and that banking is at its best when it serves as a catalyst for opportunity. Each day, our team works alongside businesses, families, and nonprofit organizations to understand their goals and provide guidance tailored to their unique needs. By combining local decisionmaking with modern technology and deep financial expertise, we help our clients navigate change, manage risk, and pursue growth with confidence. As President of FVCbank, I am proud of our people, our culture, and our commitment to doing business the right way. We remain focused on delivering long-term value for our clients, meaningful impact in the communities we serve, and sustainable performance for our shareholders. At FVCbank, relationships come first insight drives decisions, and impact defines success. Towson Maryland Baltimore Reston Virginia Fairfax Springfield Manassas 2 FVCBankcorp, Inc. Bethesda Washington Arlington
What s Inside A Letter from the Chairman and CEO ................................................................4 Board of Directors ................................................................................................6 Executive Team.....................................................................................................7 Business Banking, Digital Innovation & Thought Leadership ......................8 Beyond the Balance Sheet Conversations That Strengthen Trust, Community, and Confidence ................10 Executing Complex Transactions ....................................................................12 Execution. Impact. Momentum....................................................................13 Strong Results. Disciplined Growth............................................................14 Why Investors Choose FVCbank ................................................................15 Financials.....................................................................................................16 FVCbank Officers ..............................................................................................18 Our Locations .............................................................................................19 2025 Annual Report 3
A Letter from the Chairman & CEO David W. Pijor, Esq., Chairman & Chief Executive Officer, FVCBankcorp 2025 was a year of meaningful progress and disciplined execution for FVCBankcorp. I am pleased to report that we delivered strong financial results, advanced key strategic initiatives, and continued to deepen our commitment to clients, colleagues, and the communities we serve. For the year ended December 31, 2025, the Company reported net income of $22.1 million, or $1.21 diluted earnings per share, representing a 46% increase compared to 2024. Likewise, for the quarter ended December 31, 2025, net income grew to $5.6 million, or $0.31 diluted earnings per share, reflecting both sequential and year-overyear strength in profitability. Our financial performance was supported by continued loan and deposit growth, disciplined balance sheet management, and improving interest rate dynamics. During 2025, total deposits increased approximately 7% year-over-year, reaching $2.00 billion, while total loans grew 4% to $1.94 billion, illustrating both stability and momentum in core banking activities. Additionally, we achieved net interest margin improvement for the eighth consecutive quarter, with the margin increasing to 3.05% in the fourth quarter. These results reflect our sustained focus on quality core growth, operational efficiency, and effective asset-liability management. We continue to strengthen our capital position and maintain a well-capitalized balance sheet, providing capacity to support client needs and navigate market cycles. Beyond quarterly results, we remain committed to our long-term strategic priorities: expanding meaningful client relationships, enhancing digital 4 FVCBankcorp, Inc. and advisory capabilities, and serving as a trusted partner across our markets. In 2025, we launched several initiatives designed to deepen our impact, including the FVCbank podcast series an innovative platform that elevates conversations with business leaders, nonprofit partners, and industry experts. Our people are central to this success. Their dedication to service, integrity, and thoughtful execution continues to differentiate FVCbank in a competitive landscape. I am grateful for the commitment and professionalism demonstrated across the organization.
In addition to strong financial performance, our team is committed to the fundamentals that position FVCbank for long-term success. We grew deposits to $2.00 billion and expanded loans to $1.94 billion while maintaining disciplined underwriting and further reducing commercial real estate concentration demonstrating our commitment to thoughtful growth, portfolio balance, and prudent risk management. Looking ahead, we are focused on driving sustainable performance, advancing our strategic agenda, and delivering value for clients, shareholders, and communities alike. With a strong financial foundation and an unwavering commitment to responsible growth, FVCbank is well-positioned for continued success. We also took a meaningful step to reinforce shareholder value by initiating a recurring quarterly cash dividend program in 2025. We believe this reflects confidence in our earnings profile, capital position, and ability to deliver sustainable performance while continuing to invest in our clients, our people, and the communities we serve. Sincerely, Thank you for your confidence and support. David W. Pijor, Esq. Chairman & Chief Executive Officer 2025 Annual Report 5
 • shareholder letter icon 4/7/2026 Letter Continued (Full PDF)
 • stockholder letter icon 4/6/2023 FVCB Stockholder Letter
 • stockholder letter icon 4/5/2024 FVCB Stockholder Letter
 • stockholder letter icon 4/15/2025 FVCB Stockholder Letter
 • stockholder letter icon More "Banking & Savings" Category Stockholder Letters
 • Benford's Law Stocks icon FVCB Benford's Law Stock Score = 89


FVCB Shareholder/Stockholder Letter Transcript:

Relationships.
Insight.
Impact.
2025 Annual Report

Mission Statement from
Patricia A. Ferrick, President
At FVCbank, our mission is to build enduring
relationships by delivering thoughtful advice,
innovative financial solutions, and personal service
that help our clients succeed. We believe strong
communities are built on trust, collaboration, and
responsible growth   and that banking is at its best
when it serves as a catalyst for opportunity.
Each day, our team works alongside businesses,
families, and nonprofit organizations to understand
their goals and provide guidance tailored to their
unique needs. By combining local decisionmaking with modern technology and deep
financial expertise, we help our clients navigate
change, manage risk, and pursue growth with
confidence.
As President of FVCbank, I am proud of our
people, our culture, and our commitment to
doing business the right way. We remain focused
on delivering long-term value for our clients,
meaningful impact in the communities we serve,
and sustainable performance for our shareholders.
   At FVCbank, relationships come first   
insight drives decisions, and impact
defines success.   
Towson
Maryland
Baltimore
Reston
Virginia
Fairfax
Springfield
Manassas
2
FVCBankcorp, Inc.
Bethesda
Washington
Arlington

What   s Inside
A Letter from the Chairman and CEO ................................................................4
Board of Directors ................................................................................................6
Executive Team.....................................................................................................7
Business Banking, Digital Innovation & Thought Leadership ......................8
Beyond the Balance Sheet
Conversations That Strengthen Trust, Community, and Confidence ................10
Executing Complex Transactions ....................................................................12
Execution. Impact. Momentum....................................................................13
Strong Results. Disciplined Growth............................................................14
Why Investors Choose FVCbank ................................................................15
Financials.....................................................................................................16
FVCbank Officers ..............................................................................................18
Our Locations .............................................................................................19
2025 Annual Report
3

A Letter from the Chairman & CEO
David W. Pijor, Esq., Chairman & Chief Executive Officer, FVCBankcorp
2025 was a year of meaningful progress and
disciplined execution for FVCBankcorp. I am
pleased to report that we delivered strong financial
results, advanced key strategic initiatives, and
continued to deepen our commitment to clients,
colleagues, and the communities we serve.
For the year ended December 31, 2025, the
Company reported net income of $22.1 million, or
$1.21 diluted earnings per share, representing a
46% increase compared to 2024. Likewise, for the
quarter ended December 31, 2025, net income
grew to $5.6 million, or $0.31 diluted earnings per
share, reflecting both sequential and year-overyear strength in profitability.
Our financial performance was supported by
continued loan and deposit growth, disciplined
balance sheet management, and improving
interest rate dynamics. During 2025, total deposits
increased approximately 7% year-over-year,
reaching $2.00 billion, while total loans grew
4% to $1.94 billion, illustrating both stability and
momentum in core banking activities. Additionally,
we achieved net interest margin improvement for
the eighth consecutive quarter, with the margin
increasing to 3.05% in the fourth quarter.
These results reflect our sustained focus on
quality core growth, operational efficiency, and
effective asset-liability management. We continue
to strengthen our capital position and maintain a
well-capitalized balance sheet, providing capacity
to support client needs and navigate market
cycles.
Beyond quarterly results, we remain committed
to our long-term strategic priorities: expanding
meaningful client relationships, enhancing digital
4
FVCBankcorp, Inc.
and advisory capabilities, and serving as a trusted
partner across our markets. In 2025, we launched
several initiatives designed to deepen our impact,
including the FVCbank podcast series   an
innovative platform that elevates conversations
with business leaders, nonprofit partners, and
industry experts.
Our people are central to this success. Their
dedication to service, integrity, and thoughtful
execution continues to differentiate FVCbank in
a competitive landscape. I am grateful for the
commitment and professionalism demonstrated
across the organization.

In addition to strong financial performance, our
team is committed to the fundamentals that
position FVCbank for long-term success. We
grew deposits to $2.00 billion and expanded
loans to $1.94 billion while maintaining disciplined
underwriting and further reducing commercial
real estate concentration   demonstrating our
commitment to thoughtful growth, portfolio
balance, and prudent risk management.
Looking ahead, we are focused on driving
sustainable performance, advancing our
strategic agenda, and delivering value for clients,
shareholders, and communities alike. With a
strong financial foundation and an unwavering
commitment to responsible growth, FVCbank is
well-positioned for continued success.
We also took a meaningful step to reinforce
shareholder value by initiating a recurring
quarterly cash dividend program in 2025. We
believe this reflects confidence in our earnings
profile, capital position, and ability to deliver
sustainable performance while continuing to invest
in our clients, our people, and the communities we
serve.
Sincerely,
Thank you for your confidence and support.
David W. Pijor, Esq.
Chairman & Chief Executive Officer
2025 Annual Report
5


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