Reports Q4 revenue $14.9M vs. $12.7M last year. David W. Pijor, Esq., Chairman and Chief Executive Officer of the Company, said: “We made extensive progress during 2024 to improve our profitability due to our continued focus on quality core growth, increased net interest margin, and improved efficiency. 2024 proved that the difficult decisions we made on balance sheet repositionings during 2023 were appropriate. We are focused on improving upon the progress made during 2024, with continued core loan and deposit growth. Our relationship banking model has allowed us to increase our commercial loan outstandings and commitments, and reduce our reliance on commercial real estate loans. In addition, our approach to balance technology offerings with exceptional personalized customer service continues to support the expansion of our client base. Each of these strategies continues to increase shareholder value, still the driver of every core initiative of FVCbank.”
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