FVCBankcorp Inc reports results for the quarter ended June 30 - Earnings Summary

• FVCBankcorp Inc FVCB.OQ reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of two analysts for the quarter was for earnings of 28 cents per share.

• Revenue rose 17% to $15.76 million from a year ago; analysts expected $15.75 million.

• FVCBankcorp Inc's reported EPS for the quarter was 31 cents​.

• The company reported quarterly net income of $5.67 million.

• FVCBankcorp Inc shares had risen by 15.9% this quarter and gained 8.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for FVCBankcorp Inc is $14.50, about 5.7% above its last closing price of $13.68

This summary was machine generated from LSEG data July 23 at 12:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)