Financial Performance - Net income for the three months ended September 30, 2025, was $5.6 million, or $0.06 per diluted common share, compared to $0.9 million, or $0.01 per diluted common share, for the same period in 2024 [161]. - For the nine months ended September 30, 2025, net income was $6.5 million, or $0.07 per diluted common share, a significant recovery from a net loss of $13.4 million, or ($0.34) per diluted common share, for the same period in 2024 [162]. - Net interest income for the three months ended September 30, 2025, was $21.9 million, a decline of $2.8 million from the same period in 2024 [166]. - Net interest income increased to $60.8 million for the nine months ended September 30, 2025, compared to $59.6 million for the same period in 2024, with a net interest margin of 3.21% [186]. - The effective tax rates for the three and nine months ended September 30, 2025, were 25.3% and 22.9%, respectively, compared to 38.8% and 3.1% for the same periods in 2024 [197]. Asset and Liability Management - Total assets decreased to $2.50 billion as of September 30, 2025, down $240.3 million from $2.74 billion at December 31, 2024, primarily due to a $199.1 million decline in loans held for investment [158]. - Total average assets decreased to $2.54 billion for the three months ended September 30, 2025, from $2.97 billion in the same period of 2024 [176]. - Average balances of interest-earning assets decreased by $358.6 million to $2.44 billion for the three months ended September 30, 2025, compared to $2.80 billion for the same period in 2024 [173]. - Average interest-bearing liabilities decreased by $434.5 million to $1.82 billion for the nine months ended September 30, 2025, compared to $2.25 billion for the same period in 2024 [185]. - The Company reported available liquidity of $808.655 million as of September 30, 2025, including cash, securities, and borrowing capacity [240]. Deposits and Funding - Total deposits were $1.95 billion as of September 30, 2025, reflecting a net decrease of $228.4 million from December 31, 2024, mainly due to a $134.6 million decrease in brokered time deposits [159]. - Brokered deposits represented 13.7% of total deposits as of September 30, 2025, down from 18.5% as of December 31, 2024 [223]. - Estimated uninsured deposits totaled approximately $404.3 million, or 19.8% of total deposits, as of September 30, 2025, compared to $399.3 million, or 18.0%, as of December 31, 2024 [224]. - The Company plans to continue reducing brokered deposits to a level of 10.0% or less of total deposits in future periods [223]. - The Company has reduced fintech-related deposits to approximately $4.7 million as of September 30, 2025, down from $21.3 million as of December 31, 2024 [222]. Credit Quality and Allowance for Credit Losses - The allowance for credit losses was $20.5 million as of September 30, 2025, down from $23.0 million at December 31, 2024 [158]. - The company reported a decrease in the allowance for credit losses to $20.5 million as of September 30, 2025, from $23.0 million as of December 31, 2024 [200]. - The ratio of net charge-offs to average loans outstanding for the nine months ended September 30, 2025, was -1.95% [207]. - The provision for credit losses for loans was a recovery of $2,594,000 for the same period, reflecting improved credit conditions [207]. - Nonperforming loans increased to $28.6 million as of September 30, 2025, up from $25.4 million as of December 31, 2024, primarily due to a $4.7 million multifamily loan placed on nonaccrual status [211]. Stockholder Equity and Share Repurchase - Total stockholders' equity increased by $27.7 million to $355.5 million as of September 30, 2025, primarily due to additional capital from the exercise of warrants and net income for the period [160]. - The Company repurchased 659,949 shares of common stock at a weighted average price of $4.16 per share, totaling $2.8 million during the three months ended September 30, 2025 [150]. Operational Efficiency - The company's noninterest expense decreased by $6.41 million (24.2%) for the three months ended September 30, 2025, compared to the same period in 2024, primarily due to lower salaries and employee benefits, audit fees, and FDIC insurance assessments [192]. - For the three months ended September 30, 2025, the company reported a decline in salaries and employee benefits by $2.55 million (18.3%) compared to the same period in 2024, reflecting a reduction in headcount [192]. - As of September 30, 2025, the company had 311 employees, down from 468 employees in the same period of 2024, indicating a right-sizing of the workforce [194]. Market and Economic Conditions - The Company emphasized the need for ongoing assessment of economic conditions that could impact the adequacy of the ACL in the future [206]. - The asset and liability repricing characteristics will significantly impact the company's future interest rate risk profile [260]. - Under a +400 basis points interest rate shock scenario, the estimated change in net interest income for Year 1 is $6.921 million, representing an increase of 8.8% [259]. - The estimated change in net interest income under a -400 basis points scenario for Year 1 is a decrease of $9.536 million, or -12.1% [259].

Core Points - Blue Ridge Bankshares, Inc. has declared a special cash dividend of $0.25 per share, payable on November 21, 2025, to shareholders of record as of November 7, 2025 [1] - The special dividend reflects the Board's commitment to enhancing shareholder value and is an affirmation of the company's strong financial position as recognized by regulators [2] Company Overview - Blue Ridge Bankshares, Inc. is the holding company for Blue Ridge Bank and BRB Financial Group, Inc., providing a wide range of financial services including retail and commercial banking, investment and wealth management services, and management services for personal and corporate trusts [2]

Core Viewpoint - Blue Ridge Bankshares, Inc. (BRBS) has shown significant improvement in its financial performance for the third quarter of 2025, with a notable increase in net income and profitability metrics compared to previous periods [2][3][7]. Financial Performance - BRBS reported a net income of $5.6 million, or $0.06 per diluted share, a substantial increase from $0.9 million, or $0.01 per share, in the same quarter last year [2]. - Year-to-date earnings reached $6.5 million ($0.07 per share), contrasting with a net loss of $13.4 million ($0.34 per share) for the same period in 2024 [2]. - Total interest income decreased by 7.7% year-over-year to $36.2 million from $39.2 million [2]. Income and Expenses - Net interest income rose by 14.7% to $21.9 million from $19.1 million a year earlier, attributed to higher loan yields and one-time fee income [3]. - Noninterest income surged by 42.1% to $3.8 million from $2.7 million year-over-year, while noninterest expenses fell by 24.2% to $20 million from $26.5 million [3]. - The bank achieved its highest quarterly profit since 2022, aided by $3 million in loan fee income and a $0.8 million recovery from a previously charged-off loan [4]. Profitability Metrics - The net interest margin expanded to 3.60% from 3.15% in the prior quarter and 2.74% a year earlier, reflecting lower deposit costs [5]. - The cost of deposits decreased to 2.51% from 2.91% a year ago, contributing to improved profitability [5]. Asset Quality - Nonperforming loans increased to $28.6 million (1.14% of total assets) from $24 million (0.94%) in the previous quarter [6]. - The allowance for credit losses was 1.07% of total loans, slightly down from 1.11% in June 2025 [6]. Management Insights - The CEO highlighted the bank's turnaround and attributed the positive results to improved operational discipline and strategic transitions, including cost control [7]. - Despite a decline in loans held for investment to $1.91 billion, BRBS has built a $200 million loan pipeline, indicating renewed business momentum [8]. Balance Sheet and Capital Position - Total assets decreased to $2.49 billion from $2.94 billion a year earlier, reflecting a reduction in out-of-market loans [10]. - Capital ratios improved, with the tier 1 leverage ratio rising to 14.70% at the holding company level and 13.67% at the bank level [11]. Future Outlook - Management expressed confidence in continued earnings improvement due to operational restructuring and a growing commercial loan pipeline [12]. - The company repurchased 659,949 shares under a $15 million stock repurchase program, totaling $2.8 million [13].

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Blue Ridge Bankshares, Inc. (NYSEAMERICAN: BRBS) breached their fiduciary duties to shareholders. If you currently own Blue Ridge stock and acquired shares on or before February 3, 2023, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please cli. ...

Accessibility StatementSkip Navigation Reports highest level of profits since 2022 RICHMOND, Va., Oct. 22, 2025 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (the "Company") (NYSE American: BRBS), the holding company of Blue Ridge Bank, National Association ("Blue Ridge Bank" or the "Bank") and BRB Financial Group, Inc., today announced financial results for the quarter ended September 30, 2025. Â For the quarter ended September 30, 2025, the Company reported net income of $5.6 million, or $0.06 per diluted c ...

Group 1 - Blue Ridge Bankshares, Inc. (NYSE:BRBS) has garnered significant interest from hedge funds, earning a place on the list of the 10 Best Bank Penny Stocks to Buy Right Now [1] - The Board of Blue Ridge Bankshares, Inc. has authorized a share repurchase program of up to $15 million for its issued and outstanding common stock [2] - The company plans to execute repurchases through various methods including open market purchases and block trades, with flexibility to modify or suspend the program based on market conditions [3] Group 2 - Blue Ridge Bankshares, Inc. operates in the Commercial Banking and Mortgage Banking segments, providing a range of commercial and consumer banking services [4]

Group 1 - The article discusses an investigation opportunity for investors of Blue Ridge Bankshares, Inc. in collaboration with the Schall Law Firm [1]

Core Viewpoint - Purcell & Lefkowitz LLP is investigating Blue Ridge Bankshares, Inc. to determine if its directors breached fiduciary duties related to recent corporate actions [1] Group 1 - The investigation is on behalf of the shareholders of Blue Ridge Bankshares, Inc. [1] - The law firm specializes in representing shareholders affected by securities fraud and breaches of fiduciary duty [3] - Shareholders seeking more information can contact the firm directly for assistance [2]

Core Points - The United States District Court for the Eastern District of New York has approved a proposed class action settlement for purchasers of Blue Ridge Bankshares, Inc. common stock [1] - The settlement amount is $2,500,000, and a hearing is scheduled for October 29, 2025, to determine its fairness and adequacy [2][3] Group 1: Settlement Details - The class period for the settlement includes all purchases of Blue Ridge common stock between February 3, 2023, and October 31, 2023 [2] - The proposed plan of allocation for distributing the settlement proceeds will also be evaluated during the hearing [2] - Lead Counsel has requested attorneys' fees of up to one-third of the settlement amount, plus reimbursement of expenses not exceeding $80,000, and a service payment of no more than $3,500 to the Plaintiff [2] Group 2: Participation and Exclusion - Class members must submit a Proof of Claim by October 1, 2025, to be eligible for the distribution of the Net Settlement Fund [3] - Individuals wishing to be excluded from the settlement class must submit a request for exclusion by October 1, 2025 [4] - All members who do not request exclusion will be bound by the judgment entered in the action [4] Group 3: Objections and Inquiries - Any objections to the settlement or related requests must be submitted by October 1, 2025, to specified parties [5] - Questions regarding the settlement can be directed to Lead Counsel, but inquiries should not be made to the court or clerk's office [6]

Group 1 - Blue Ridge Bankshares (NYSE: BRBS) is a small bank in Virginia with a relatively low valuation, indicating potential investment opportunities [1] - The bank is currently facing several issues that need to be addressed, making it a risky investment for long-term investors at this time [1]