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PRESS RELEASE FOR IMMEDIATE RELEASE - November 4 , 2021 Exhibit 99.1 For further information , contact : David W. Pijor , Esq . , Chairman and Chief Executive Officer Phone : ( 703 ) 436-3802 Email : dpijor@fvcbank.com Patricia A. Ferrick , President Phone : ( 703 ) 436-3822 Email : pferrick@fvcbank.com FVCBankcorp , Inc. Announces Third Quarter 2021 Earnings ; Record Quarterly and Year - to - Date Operating Earnings for 2021 Fairfax , VA - FVCBankcorp , Inc. ( NASDAQ : FVCB ) ( the " Company " ) today reported third quarter 2021 net income of $ 4.7 million , or $ 0.32 diluted earnings per share , compared to $ 3.9 million , or $ 0.28 diluted earnings per share , for the quarterly period ended September 30 , 2020 , an increase of 21 % . For the nine months ended September 30 , 2021 , the Company reported net income of $ 15.4 million , or $ 1.06 diluted earnings per share , compared to $ 10.5 million or $ 0.74 diluted earnings per share , for the same period of 2020 , a year - over - year increase of $ 4.9 million , or 47 % . Net income for the three and nine months ended September 30 , 2021 include merger - related expenses of $ 1.1 million which are associated with the Company's previously announced proposed merger ( the “ merger ” ) with Blue Ridge Bankshares , Inc. ( NYSEAM : BRBS ) ( " Blue Ridge " ) , and $ 380 thousand of accelerated recognition of debt issuance costs related to its 2016 subordinated debt issuance , which was redeemed at the Company's option on September 30 , 2021 . Operating earnings , which exclude merger - related expenses and accelerated debt issuance costs , net of tax , for the three months ended September 30 , 2021 and 2020 were $ 5.8 million and $ 3.9 million , respectively , an increase of $ 1.9 million , or 51 % . Diluted earnings per share excluding merger - related expenses and accelerated debt issuance costs , net of tax , for the three months ended September 30 , 2021 and 2020 were $ 0.40 and $ 0.28 , respectively . On a linked quarter basis , operating earnings increased $ 684 thousand , or 13 % , for the three months ended September 30 , 2021 as compared to the operating earnings of June 30 , 2021. Operating earnings return on average assets for the three months ended September 30 , 2021 and 2020 was 1.14 % and 0.89 % , respectively . Operating earnings return on average equity for the three months ended September 30 , 2021 and 2020 was 11.46 % and 8.44 % , respectively . The Company believes that operating earnings is a financial measure that is more reflective of the Company's operating performance than net income . Operating earnings is determined by methods other than in accordance with U.S. generally accepted accounting principles ( “ GAAP " ) . A reconciliation of non - GAAP financial measures to their most comparable financial measures in accordance with GAAP can be found in the tables below . For the nine months ended September 30 , 2021 and 2020 , operating earnings ( which excludes merger - related expenses and accelerated debt issuance costs during 2021 , and branch closure costs recorded during 2020 ) was $ 16.6 million and $ 11.0 million , respectively , an increase of $ 5.6 million , or 50 % . Diluted earnings per share on an operating earnings basis for the nine months ended September 30 , 2021 and 2020 were $ 1.14 and $ 0.78 , respectively . Operating earnings annualized return on average assets for the nine months ended September 30 , 2021 and 2020 was 1.13 % and 0.88 % , respectively . Operating earnings annualized return on average equity for the nine months ended September 30 , 2021 and 2020 was 11.13 % and 8.11 % , respectively . Annualized return on average assets was 0.91 % and annualized return on average equity was 9.18 % for the third quarter of 2021. For the comparable quarterly September 30 , 2020 period , annualized return on average assets was 0.89 % and annualized return on average equity was 8.44 % . For the year - to - date September 30 , 2021 period , annualized return on average assets was 1.05 % and annualized return on average equity was 10.35 % compared to annualized return on average assets of 0.84 % and annualized return on average equity of 7.72 % for the nine months ended September 30 , 2020 .