Shares of Blue Ridge Bankshares, Inc. (BRBS) have gained 0.23% since reporting results for the quarter ended Dec. 31, 2025, outperforming the S&P 500 Index, which rose 0.19% over the same period. Shares also rose 0.2% over the past month, though they lagged the broader market’s 1.5% increase during that time.Blue Ridge Bankshares’ Earnings SnapshotFor the fourth quarter of 2025, Blue Ridge Bankshares reported net income of $4.2 million, or $0.04 per diluted common share, against a net loss of $2 million, or ...

Financial Performance - For Q4 2025, Blue Ridge Bankshares reported net income of $4.2 million, or $0.04 per diluted common share, down from $5.6 million, or $0.06 per diluted common share in Q3 2025, and a net loss of $2.0 million in Q4 2024[4]. - For the full year 2025, net income was $10.7 million, or $0.11 per diluted common share, compared to a net loss of $15.4 million, or ($0.31) per diluted common share in 2024[5]. - Net income for the three months ended December 31, 2025, was $4,244 thousand, a decrease of 24.2% from $5,603 thousand in the previous quarter[45]. - Diluted earnings per share for the twelve months ended December 31, 2025, was $0.11, compared to a loss of $0.31 for the same period in 2024[46]. Asset and Loan Management - Total assets decreased to $2.43 billion at the end of Q4 2025, down from $2.50 billion in Q3 2025, driven by a $47.0 million decline in loans held for investment[21]. - Loans held for investment were $1.87 billion at December 31, 2025, down from $1.91 billion at September 30, 2025, and $2.11 billion at December 31, 2024, reflecting a decline of $246.1 million in 2025[31]. - The allowance for credit losses as a percentage of total loans held for investment was 1.04% at December 31, 2025, compared to 1.07% at the prior quarter end[15]. - The allowance for credit losses decreased from $23,023 thousand to $19,444 thousand, indicating improved credit quality[44]. Income and Expenses - The company reduced noninterest expenses by $3.1 million in Q4 2025, primarily due to lower salaries and employee benefits, resulting in improved earnings over the last two years[7]. - Noninterest income for Q4 2025 was $2.7 million, down from $3.8 million in Q3 2025 and $2.8 million in Q4 2024, with total noninterest income for the year at $12.8 million compared to $13.6 million in 2024[29]. - Noninterest expense decreased by $3.1 million from the prior quarter and $8.7 million from the year-ago period, totaling $81.9 million for 2025 compared to $113.8 million in 2024[30]. - Total noninterest expense for the twelve months ended December 31, 2025, was $81,922 thousand, a decrease of 28.1% compared to $113,841 thousand for the same period in 2024[46]. Dividends and Shareholder Returns - The company announced a special cash dividend of $0.25 per share, totaling approximately $29.1 million, paid on November 21, 2025[13]. - Cash dividends per common share were $0.25 in Q4 2025, compared to no dividends in Q3 2025[47]. Operational Efficiency - The efficiency ratio for Q4 2025 was 81.3%, an increase from 77.8% in Q3 2025, indicating a decline in operational efficiency[47]. - The return on average assets for Q4 2025 was 0.69%, down from 0.88% in Q3 2025[47]. Deposits and Funding - Total deposits were $1.91 billion at December 31, 2025, a decrease of $39.9 million from September 30, 2025, and $268.3 million from December 31, 2024[32]. - Noninterest-bearing deposits represented 20.9% of total deposits at December 31, 2025, compared to 21.1% at September 30, 2025, and 20.8% at December 31, 2024[34]. - Brokered deposits as a percentage of total deposits declined to 12.5% at December 31, 2025, from 18.5% at December 31, 2024[33]. - The total loan to deposit ratio was 98.4% in Q4 2025, slightly down from 98.7% in Q3 2025[47]. Employee and Business Model Changes - The company transitioned to a more traditional community banking model, resulting in a reduction of 140 employees, or over 30%, since year-end 2024[30]. Market and Economic Outlook - The company is projecting mid-single digit balance sheet growth and positive momentum as it starts the new year[8]. - The company cautions that forward-looking statements are subject to various risks and uncertainties that could materially affect actual results[39].

Core Insights - Blue Ridge Bankshares, Inc. reported a return to profitability in 2025, with a net income of $10.7 million compared to a net loss of $15.4 million in 2024, marking a significant turnaround for the company [3][4]. Financial Performance - For Q4 2025, the company reported a net income of $4.2 million, or $0.04 per diluted common share, down from $5.6 million, or $0.06 per diluted common share in Q3 2025, but an improvement from a net loss of $2.0 million in Q4 2024 [2][9]. - The total net interest income for Q4 2025 was $18.1 million, a decrease from $21.9 million in Q3 2025, primarily due to a decline in average balances of interest-earning assets [8][17]. - The net interest margin for Q4 2025 was 3.04%, down from 3.60% in Q3 2025, reflecting the impact of prior quarter loan fee income [10][23]. Capital and Dividends - The company announced a special cash dividend of $0.25 per share, totaling approximately $29.1 million, which was paid to shareholders on November 21, 2025 [4][14]. - The company also initiated a share repurchase program, allowing for the purchase of up to $15 million of its common stock, with 802,735 shares repurchased at an average price of $4.17 per share [14][26]. Asset Quality - Nonperforming loans improved to $23.8 million, or 0.98% of total assets, down from $28.6 million, or 1.14% of total assets in the prior quarter [12][22]. - The allowance for credit losses as a percentage of total loans held for investment was 1.04% at December 31, 2025, compared to 1.07% at the prior quarter end [12][24]. Operational Efficiency - The company reduced its headcount by over 30% from year-end 2024 to year-end 2025, contributing to a decrease in noninterest expenses, which fell to $16.9 million in Q4 2025 from $20.0 million in Q3 2025 [5][21]. - Total noninterest expense for the year ended December 31, 2025, was $81.9 million, down from $113.8 million in 2024, primarily due to lower salaries and benefits expenses [26]. Balance Sheet Highlights - Total assets decreased to $2.43 billion at the end of Q4 2025 from $2.50 billion at the prior quarter end, driven by declines in loans held for investment and securities available for sale [22][27]. - Total deposits decreased to $1.91 billion from $1.95 billion at the prior quarter end, with a notable decline in brokered deposit balances [28][29].

Core Insights - Community banks are navigating a challenging environment characterized by changing interest rates, stricter regulations, and a focus on funding stability and credit discipline [1] - Blue Ridge Bankshares, Inc. (BRBS) and AmeriServ Financial, Inc. (ASRV) are highlighted as community-focused institutions with different operating models affecting their risk-return profiles [1][2] Company Overview - BRBS operates primarily through Blue Ridge Bank and is transitioning away from fintech activities to a more traditional community banking model [1] - ASRV is anchored by AmeriServ Financial Bank and has a long-standing wealth management and trust operation, enhancing its fee-based income alongside lending and deposits [1] Business Strategies - BRBS is simplifying its business model and strengthening governance through a bank-first strategy, while ASRV focuses on a relationship-driven approach supported by advisory and trust services [2] - Both companies are positioned to benefit from improved operating stability over time, but their risk-reward profiles differ [2] Stock Performance - Over the past three months, BRBS has underperformed with a 1.4% increase, while ASRV has risen by 9.3% [3] - In the past year, BRBS stock has increased by 28.5%, compared to ASRV's 20.2% gain [3] Valuation Metrics - BRBS has a trailing 12-month price-to-sales (P/S) ratio of 2.71X, above its three-year median of 1.14X, while ASRV's P/S ratio is 0.62X, above its median of 0.58X [4] - Both companies appear undervalued compared to the Zacks Finance sector average of 7.11X [4] Factors Supporting BRBS - BRBS's stock is bolstered by a strategic reset that reduces complexity and narrows its risk footprint, focusing on traditional community banking fundamentals [7] - The company is making progress on regulatory compliance and governance, which is expected to enhance market confidence over time [8] - Shareholder confidence is reinforced through capital deployment actions, including a special cash dividend and share repurchase program [9] Factors Supporting ASRV - ASRV benefits from a stable, relationship-driven deposit base that is largely independent of wholesale funding, allowing it to navigate rate volatility effectively [10] - The company's wealth and trust platform diversifies income and strengthens customer relationships, supported by a strategic alliance with Federated Hermes [11] - ASRV emphasizes disciplined execution and operational efficiency, which supports a consistent earnings profile [12] Investment Outlook - While both companies are positioned to benefit from improving rate dynamics, BRBS is seen as better positioned due to its strategic reset and positive momentum [13] - BRBS's valuation remains attractive compared to sector levels, suggesting potential for upside if execution continues to improve [14] - ASRV, while performing well, has seen its stock price rise above its long-term valuation norm, narrowing its margin of safety [14]

Core Insights - Blue Ridge Bankshares, Inc. (BRBS) has seen a stock price increase of 33.7% over the past six months, outperforming the industry average of 19.7% and the S&P 500's gains of 9.6% and 15.7% respectively [1][2][8] Recent Developments - The company received notification from its primary regulator, the Office of the Comptroller of the Currency, terminating a Consent Order from January 2024, which is expected to enhance growth flexibility [2][11] - BRBS reported a solid increase in net interest income and noninterest income in its third-quarter 2025 results, supported by a one-time boost from recovering troubled credits and improved fee-based revenue [2][11] Strategic Initiatives - Management is focused on de-risking the balance sheet by exiting fintech/BaaS-related deposits and reducing non-core loan exposure, positioning the company for growth in traditional banking [3][12] - The removal of the Consent Order is seen as a significant catalyst for the stock, allowing investors to focus on the company's strategic direction [11][12] Financial Position - BRBS has a strong capital position, which supports shareholder returns through a special cash dividend and a share repurchase program, reflecting financial strength and regulatory affirmation [13] - The company's trailing 12-month price-to-sales (P/S) ratio is 2.8X, higher than the industry average of 2.3X and its three-year median of 1.1X, indicating a premium valuation [15][20] Challenges - Despite de-risking efforts, asset quality remains a concern as nonperforming loans increased sequentially in the recent quarter [14] - The bank faces challenges in rebuilding deposits organically after exiting fintech/BaaS, alongside managing interest-rate sensitivity and competitive funding conditions [14]

Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by officers and directors of Blue Ridge Bankshares, Inc., which may affect shareholder rights and corporate governance [1][2]. Group 1: Shareholder Rights and Legal Options - Long-term shareholders of Blue Ridge Bank may seek corporate governance reforms, recovery of funds, court-approved financial incentives, or other benefits [2]. - Shareholder involvement is crucial for improving company policies and practices, leading to enhanced transparency and accountability, which can ultimately increase shareholder value [3]. Group 2: Firm's Background and Services - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors [4].

Core Viewpoint - Blue Ridge Bankshares, Inc. (BRBS) has shown short-term stock gains of 8.6% over the past three months, outperforming the industry and major indices despite recent challenges in the banking sector [1][2][7] Recent Developments - The company received notification from its primary regulator terminating a Consent Order, which is a positive regulatory development [2] - BRBS reported a solid increase in net interest income and noninterest income in its third-quarter 2025 results, aided by a one-time recovery from troubled credits and improved fee-driven revenue [2] Strategic Focus - Management is focused on balance-sheet de-risking, including exiting fintech-related deposits and reducing non-core loan exposure, positioning BRBS for traditional core-banking growth [3][10] - The bank is enhancing its core funding base by shifting towards relationship-driven retail and commercial deposits, reducing reliance on wholesale funding [11] Market Position - BRBS operates as a community banking franchise in Virginia and North Carolina, leveraging its local presence to support steady deposit inflows and relationship-based lending [8][12] - The company is reinforcing its community banking platform through a renewed focus on commercial banking and leadership [12] Challenges - BRBS faces competition from larger banks, credit unions, and fintechs, which may limit growth and pricing flexibility [13] - The transition away from indirect fintech lending relationships presents operational complexities and elevated cleanup-related expenses [13] Valuation - BRBS's trailing 12-month price-to-sales (P/S) ratio is 2.7X, higher than the industry average of 2.2X and its three-year median of 1.1X, indicating a demanding valuation compared to peers [16][18] Investment Outlook - The company exhibits strong core business strength and growth prospects, making it attractive for both existing and new investors [19] - However, the current valuation suggests limited upside potential unless core growth and profitability continue to improve [20]

Accessibility StatementSkip Navigation RICHMOND, Va., Nov. 13, 2025 /PRNewswire/ --Â 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 that the Bank received notification from its primary regulator, the Office of the Comptroller of the Currency, terminating the Consent Order dated January 24, 2024. President and Chief Executive Officer, G. William ("B ...

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]