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FAIRFAX, Va. - FVCBankcorp, Inc. (NASDAQ:FVCB) announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.06 per share, marking the initiation of a recurring quarterly dividend program. The announcement comes as the $241 million market cap bank demonstrates strong financial performance, with revenue growth of ~35% over the last twelve months.
The dividend will be payable on August 18, 2025, to shareholders of record as of July 28, 2025. Based on the current number of outstanding shares, the aggregate payment will amount to approximately $1.1 million. According to InvestingPro data, the bank has shown particularly strong returns in recent months, with multiple positive indicators suggesting solid financial footing.
"The Board’s approval of a quarterly cash dividend reflects our appreciation of the support we have received from our shareholders for the past 17 years," said David W. Pijor, Chairman and Chief Executive Officer of FVCBankcorp.
The Virginia-chartered community bank, which commenced operations in November 2007, currently holds assets of $2.24 billion. FVCbank serves commercial businesses, nonprofit organizations, and professional service entities in the greater Baltimore and Washington, D.C. metropolitan areas through eight full-service offices across Virginia, Maryland, and Washington, D.C.
The company noted that future dividend declarations and payments will depend on several factors, including economic conditions, the company’s financial position, operating results, available cash, capital requirements, and banking regulations.
This information is based on a press release statement issued by the company.
In other recent news, FVCBankcorp has been the subject of significant developments. Piper Sandler has initiated coverage on FVCBankcorp with an Overweight rating, setting a price target of $16.00. The firm highlighted the bank’s attractive valuation, improving profitability outlook, and strong geographical positioning. Additionally, FVCbank has made notable changes in its executive leadership. Jim Elliott has been promoted to Executive Vice President, Commercial Lending, while Steffany Watson has been named Executive Vice President, Chief Services Officer. In another leadership update, Jennifer Deacon and Michael G. Nassy have been elevated to Senior Executive Vice President roles. These promotions reflect the bank’s commitment to internal talent development and strategic growth. The recent changes are expected to reinforce FVCbank’s position as a reliable financial partner in the Washington, D.C. and Baltimore areas.
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