FVCbank Captures Coveted Bank Honor Roll Recognition for Strong Earnings Growth Over the Past Decade
19 Mayo 2023 - 3:29PM
Business Wire
Fairfax-based FVCbank has been honored by Keefe, Bruyette &
Woods, Inc. (KBW) by being included in KBW’s coveted 2023 Bank
Honor Roll. KBW is a leading specialist investment bank in the
financial and fintech sectors. One of 14 U.S. banks to make this
year’s KBW Bank Honor Roll, FVCbank is the only Washington, DC- or
Baltimore-area bank to receive the 2023 distinction.
For nearly 40 years, KBW has highlighted the top tier of
well-managed banks. To make the exclusive annual list, banking
institutions must demonstrate a consistently strong track record of
earnings growth over the past decade. This year, 14 companies, just
4% of all banks screened, qualified for inclusion on the 2023 KBW
Bank Honor Roll, compared with 17 institutions that earned the
distinction in 2022.
KBW CEO Thomas B. Michaud congratulated the 14 select banks and
their management teams for making the 2023 Honor Roll. Michaud
stressed how impressive each bank on this year’s Honor Roll is,
stressing how the market has rewarded their track record with
better share performance and a higher share valuation.
According to KBW, Honor Roll banks have demonstrated consistent
stock outperformance and have historically earned premium
valuations. Honor Roll members rose 4.1% compounded annually for
the five years ending in 2022, comparing favorably to both the KBW
Nasdaq Bank Index (BKX) and KBW Nasdaq Regional Banking Index
(KRX), which returned -1.1% and 0.6%, respectively, over the same
time period.
Christopher McGratty, KBW Head of U.S Bank Research, added, “KBW
Honor Roll banks have set themselves apart from their peers with an
ability to deliver consistent growth regardless of the operating
environment. 2022 was a year of positive fundamental momentum for
the banking industry, highlighted by strengthening loan growth, net
interest margin expansion, and continued strong credit quality –
which collectively drove positive revisions to earnings estimates.
We congratulate the 2023 KBW Honor Roll banks.”
About FVCbank
FVCBankcorp, Inc. is the holding company for FVCbank, a
wholly-owned subsidiary that commenced operations in November 2007.
FVCbank is a $2.34 billion asset-sized Virginia-chartered community
bank serving the banking needs of commercial businesses, nonprofit
organizations, government contractors, and professional service
entities in the greater Baltimore and Washington, D.C. metropolitan
areas and Northern Virginia.
FVCbank is based in Fairfax, Virginia, and has nine full-service
offices - Arlington, Fairfax, Manassas, Reston, Springfield,
Virginia, Washington D.C., Baltimore, Bethesda, and Rockville,
Maryland. For more information on FVCbank or its selected financial
information, please visit the Investor Relations page of
FVCBankcorp, Inc.’s website, www.fvcbank.com.
About KBW
KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S.,
and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette
& Woods Europe, operating in Europe) is a Stifel company. Over
the years, KBW has established itself as a leading independent
authority in the banking, insurance, brokerage, asset management,
mortgage banking and specialty finance sectors. Founded in 1962,
the firm maintains industry-leading positions in the areas of
research, corporate finance, mergers and acquisitions as well as
sales and trading in equities securities of financial services
companies.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230519005411/en/
Bruce Gemmill, CMO FVCbank Direct: 703-436-3841 Cell:
571-379-6414 bgemmill@fvcbank.com
FVCBankcorp (NASDAQ:FVCB)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
FVCBankcorp (NASDAQ:FVCB)
Gráfica de Acción Histórica
De May 2023 a May 2024