FVCBankcorp Raises Quarterly Dividend 17% to $0.07 Per Share
FVCBankcorp, Inc. declared a quarterly cash dividend of $0.07 per share, a 17% increase from its previous $0.06 payout. The dividend is payable May 18, 2026 to shareholders of record as of April 27, 2026.
FVCBankcorp, Inc. (NASDAQ: FVCB), a Virginia-based community bank holding company, declared a quarterly cash dividend of $0.07 per share on April 16, 2026, marking a $0.01 increase from its previous quarterly dividend of $0.06. The 17% increase represents the company's latest capital return to shareholders as it continues to report improved earnings performance. Read more dividend announcements.
The dividend will be paid on May 18, 2026 to shareholders of record as of April 27, 2026. Based on the current number of shares outstanding, the aggregate payment will total approximately $1.3 million.
| Dividend Details | Information |
|---|---|
| Amount | $0.07 per share |
| Previous Amount | $0.06 per share |
| Increase | 17% |
| Record Date | April 27, 2026 |
| Payment Date | May 18, 2026 |
| Frequency | Quarterly |
Strong First Quarter Performance
The dividend increase comes as FVCBankcorp reported net income of $6.4 million for the quarter ended March 31, 2026, representing a 24% increase from $5.2 million in the year-ago quarter. The company achieved an annualized return on average assets of 1.17% for the first quarter, marking its fourth consecutive quarter of reporting returns of 1% or better.
Net interest margin expanded to 3.26% in the first quarter of 2026, up from 3.05% in the fourth quarter of 2025. This marked the company's ninth consecutive quarter of margin expansion.
Capital Position and Debt Refinancing
FVCbank's total risk-based capital to risk-weighted assets stood at 15.86% at March 31, 2026, compared to 15.38% at December 31, 2025. The bank's tangible common equity to tangible assets ratio was 11.33% at quarter-end, down slightly from 11.38% at year-end 2025.
During the quarter, the company redeemed $18.8 million in subordinated debt that had been paying three-month SOFR plus 471 basis points, or 8.59%. The company replaced this funding with a $25 million private placement of senior unsecured notes carrying a fixed rate of 6.75% and maturing March 1, 2029. The senior notes were rated BBB (low) by Morningstar DBRS.
Asset Quality
Nonperforming loans totaled $12.2 million at March 31, 2026, up from $10.9 million at December 31, 2025. Nonperforming loans to total assets increased to 0.52% from 0.48% over the same period. The company recorded net charge-offs of $3,000 for the quarter ended March 31, 2026.