Earnings Per Share

9 Months Ended

Sep. 30, 2025

Basic earnings per share ("EPS") excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of stock which then shared in the earnings of the Company. Weighted average shares – diluted includes only the potential dilution of stock options and unvested restricted stock units for the three and nine months ended September 30, 2025 and 2024, respectively.

The following shows the weighted average number of shares used in computing EPS and the effect of weighted average number of shares of dilutive potential common stock. Dilutive potential common stock has no effect on income available to common shareholders. There were no anti-dilutive shares for the three and nine months ended September 30, 2025, and there were no anti-dilutive shares for the three and nine months ended September 30, 2024, respectively.

The holders of restricted stock units do not share in dividends and do not have voting rights during the vesting period.


	Three months ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Net income	$	5,579	$	4,669	$	16,411	$	10,164

Weighted average - basic shares	18,050		18,195		18,158		18,008
Effect of dilutive securities, restricted stock units and options	131		238		143		356
Weighted average - diluted shares	18,180		18,433		18,301		18,364

Basic EPS	$	0.31	$	0.26	$	0.90	$	0.56
Diluted EPS	$	0.31	$	0.25	$	0.90	$	0.55

FVCBankcorp, Inc. 10-Q