Blue Ridge Bankshares(BRBS) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Completed capital raise of $161.6 million in private placement, to help fund business transformation Bank capital levels meet enhanced regulatory minimum capital ratios For the quarter ended June 30, 2024, the Company reported a net loss of $11.4 million, or $0.47 per diluted common share, compared to a net loss of $2.9 million, or $0.15 per diluted common share, for the quarter ended March 31, 2024, and compared to a net loss of $8.6 million, or $0.45 per diluted common share, for the second q ...