FVCBankcorp Q3 net income $4.7M ($0.32), up 21% YoY; OCC concerns delay merger app

FVCBankcorp, Inc.

Q3 2021 net income of $4.7M ($0.32 diluted EPS) vs $3.9M ($0.28) a year ago, up 21%.
Operating earnings (ex merger costs) $5.8M ($0.40 per share), up 51% YoY.
OCC identified regulatory concerns with Blue Ridge Bank that could impact merger application timing.
Merger expected to close in Q2/Q3 2022; companies filing regulatory apps and S-4 shortly.
Record quarterly and year-to-date operating earnings for 2021.

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