Fvcbankcorp (NASDAQ:FVCB) shareholders approved all proposals presented at the company’s annual meeting, including the election of directors, an advisory vote on executive compensation and the ratification of the company’s outside auditor.
David W. Pijor, chairman and chief executive officer of FVCBankcorp, chaired the meeting and said a quorum was present. Jennifer Deacon, senior executive vice president and chief financial officer, reported that holders of 15,551,064 shares of common stock were present or represented by proxy, representing 86.51% of total eligible votes.
Shareholders Approve Board Slate and Auditor
Deacon said each director nominee was elected by a majority of the shares voted on the proposal. Shareholders also approved, on a non-binding basis, the compensation of the company’s named executive officers as disclosed in the proxy statement.
In addition, shareholders ratified the appointment of Yount, Hyde & Barbour, P.C. as FVCBankcorp’s independent registered public accounting firm to audit the company’s financial statements for the year ending Dec. 31, 2026. Brandon Driver of Yount, Hyde & Barbour attended the meeting, according to Pijor.
Pijor Highlights 2025 and First-Quarter 2026 Performance
Following the formal business of the meeting, Pijor reviewed the company’s financial performance for 2025 and the first quarter of 2026. He said FVCBankcorp and FVCbank had a “strong calendar 2025 and first quarter 2026.”
Pijor said the bank reported total assets of $2.34 billion and described the figure as a 4% increase from the same period in 2025. He also said return on average assets reached 1.17%, while return on average equity reached 10.4% at March 31, 2026.
The bank’s net interest margin increased for the ninth consecutive quarter, reaching 3.26% at March 31, 2026, which Pijor said represented a 15% increase over the prior year’s first-quarter number. He also said tangible book value per share rose to $14.06, a 10.3% increase over the prior year’s first-quarter figure.
For the quarter ended March 31, 2026, Pijor said net income increased 24% compared with the year-ago quarter. Diluted earnings per share were $0.35, compared with $0.28 in the prior-year quarter, an increase of 25%.
Pijor also said core deposits increased 7% from March 31, 2025, while wholesale deposits decreased 9% at March 31, 2026. He said total loans had increased annually since 2024 at a compound growth rate of 5.3%, while total deposits rose over the same period at a compound growth rate of 5.5%.
The bank’s efficiency ratio has improved over the past three years, Pijor said, falling from 64% in calendar 2023 to 54%.
Virginia Beach Loan Production Office Opens
Pijor said FVCbank opened a loan production office in Virginia Beach, Virginia, in May 2026. The office is led by Terri Ruby, whom Pijor described as a lifelong resident of the area with banking experience in market expansion, business development and treasury services.
Ruby previously held leadership roles at Blue Ridge Bank, Virginia Community Bank, Monarch Bank and Fulton Bank, where Pijor said she “consistently drove growth and profitability.”
Technology Investments Cited as Performance Driver
Pijor attributed part of the bank’s improved financial performance to a disciplined focus on strategically aligned technologies. He pointed to tools supporting lending, treasury services and internal operations.
Among the technologies mentioned were an automated borrowing base certification tool for government contractor clients, an automated warehouse lending platform and digital tools for treasury customers. Pijor said the bank processed more than 1,000 loans totaling $427 million through its warehouse lending facility last year.
He also cited online deposit account opening and a digital platform designed to help property management and 1031 exchange clients handle third-party accounts and sub-accounts. Pijor said the bank’s partnership with KlariVis provides bank-wide dashboards that give employees immediate access to client data.
Citizenship Award Announced
FVCbank named the National Alliance on Mental Illness Northern Virginia as this year’s recipient of the L. Burwell Gunn Citizenship Award. Pijor said the annual award provides funds to nonprofit organizations supporting the communities the bank serves.
He said NAMI Northern Virginia serves individuals, family members and friends affected by mental health challenges through awareness, education, support, advocacy and collaboration with community partners. The organization was founded in 1977 and is the largest affiliate of the National Alliance on Mental Illness in Virginia, according to Pijor.
No shareholder questions were submitted during the meeting, and Pijor adjourned the meeting after completing the business and financial review.
About Fvcbankcorp (NASDAQ:FVCB)
Fvcbankcorp is a bank holding company headquartered in Warrenton, Virginia, operating through its wholly owned subsidiary, The Fauquier Bank. The company traces its origins to The Fauquier Bank, which was chartered in 2007 to serve local businesses and individuals in Northern Virginia. Fvcbankcorp provides strategic oversight and support to its community banking operations, guiding growth initiatives and ensuring regulatory compliance across its branch network.
The Fauquier Bank offers a comprehensive range of commercial and retail banking products and services.
