FVCB — what changed in the latest 10-Q
A section-by-section comparison of FVCB's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2025-11-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +59 | −100 | ~45 | 53 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
We recorded net income of $6.4 million, or $0.35 diluted earnings per share, for the three months ended March 31, 2026, compared to net income of $5.2 million, or $0.28 diluted earnings per share, for the three months ended March 31, 2025, an increase of $1.2 million, or 24%.
Net interest income increased $2.4 million, or 16%, to $17.4 million for the three months ended March 31, 2026, compared to $15.1 million for the same period of 2025. Provision for credit losses totaled $168 thousand for the three months ended March 31, 2026 compared to $200 thousand for the three m…
Noninterest income was $883 thousand and $671 thousand for the three months ended March 31, 2026 and 2025, respectively, an increase of $212 thousand, or 32%. Noninterest expense was $9.9 million for the three months ended March 31, 2026 compared to $9.1 million for the three months ended March 31, …
The annualized return on average assets for the three months ended March 31, 2026 and 2025 was 1.17% and 0.94%, respectively. The annualized return on average equity for the three months ended March 31, 2026 and 2025 was 10.04% and 8.61%, respectively.
Core operating earnings (non-GAAP) for the three months ended March 31, 2026 and 2025 were $6.6 million and $5.2 million, respectively, an increase of $1.4 million, or 27%. Diluted core operating earnings per share (non-GAAP) for the three months ended March 31, 2026 and 2025 were $0.36 and $0.28, r…
Text removed vs the prior filing · source: 10-Q · 2025-11-12
We recorded net income of $5.6 million, or $0.31 diluted earnings per share, for the three months ended September 30, 2025, compared to net income of $4.7 million, or $0.25 diluted earnings per share, for the three months ended September 30, 2024, an increase of $910 thousand, or 19%.
Net interest income increased $1.8 million, or 13%, to $16.0 million for the three months ended September 30, 2025, compared to $14.2 million for the same period of 2024. Provision for credit losses totaled $375 thousand for the three months ended September 30, 2025 compared to a $200 thousand relea…
The annualized return on average assets for the three months ended September 30, 2025 and 2024 was 1.00% and 0.85%, respectively. The annualized return on average equity for the three months ended September 30, 2025 and 2024 was 9.05% and 8.15%, respectively.
For the nine months ended September 30, 2025, we recorded net income of $16.4 million, or $0.90 diluted earnings per share, compared to net income of $10.2 million, or $0.55 diluted earnings per share for the nine months ended September 30, 2024. Net income for the nine months ended September 30, 20…
Net interest income for the nine months ended September 30, 2025 was $46.8 million, compared to $40.7 million for the same period of 2024, an increase of $6.2 million, or 15%.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice