FVCB FY 2020 Earnings Report — FVCBankcorp, Inc. Revenue & Financial Results | Market Cap Arena

FVCBankcorp, Inc.FVCB

FY 2020 Earnings

Reported March 25, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$69M	—	$68M	—	0.8%
Op. Income	$20M	—	$20M	—	-1.8%
Gross Margin	71.7%	—	70.2%	—	1.5pp
Net Margin	22.5%	—	23.2%	—	-0.7pp
EPS (Diluted)	$0.88	—	$0.85	—	3.5%
Free Cash Flow	$15M	—	$19M	—	-24.1%

Revenue Flow

Item	Amount
REVENUE	$69M
Cost of Revenue	$19M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$12M
Operating Expenses	$30M
Cost & Expenses	$49M
OPERATING INCOME	$20M
Interest Income	$67M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$4M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$960.0K
EBIT	$20M
EBITDA	$21M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$69M
Cost of Revenue	$19M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$12M
Operating Expenses	$30M
Cost & Expenses	$49M
OPERATING INCOME	$20M
Interest Income	$67M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$4M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$960.0K
EBIT	$20M
EBITDA	$21M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$960.0K
Stock-Based Compensation	$690.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$3M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$15M
Capital Expenditure	-$353.0K
Acquisitions (Net)	$0
Purchases of Investments	-$35M
Sales/Maturities of Investments	$52M
Other Investing Activities	-$285M
NET CASH FROM INVESTING	-$268M
Net Debt Issuance	$30M
Common Stock Repurchased	-$7M
Common Dividends Paid	$0
Other Financing Activities	$237M
NET CASH FROM FINANCING	$259M
FREE CASH FLOW	$15M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$141M
Short-Term Investments	$126M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$277M
PP&E (Net)	$13M
Goodwill	$7M
Intangible Assets	$1M
Long-Term Investments	$1.5B
Tax Assets	$9M
Other Non-Current Assets	$63M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.8B
Account Payables	$685.0K
Short-Term Debt	$25M
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$44M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$56M
TOTAL LIABILITIES	$1.6B
Common Stock	$135.0K
Additional Paid-In Capital	$120M
Retained Earnings	$68M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$190M
Minority Interest	$0
TOTAL EQUITY	$190M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$81M
Net Debt	-$60M