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 Viewpoint - Blue Ridge Bankshares, Inc. has been released from a regulatory Consent Order, which is expected to enhance its growth and operational flexibility in key markets [1][2]. Group 1: Regulatory Update - The Office of the Comptroller of the Currency has terminated the Consent Order that was in place since January 24, 2024, indicating improved compliance and operational standards at Blue Ridge Bank [1]. - The release from the Consent Order occurred in less than 23 months, reflecting the hard work and expertise of the company's team [2]. Group 2: Business Strategy - Following the termination of the Consent Order, the company is focusing on community banking, aiming to improve customer experience and attract new loans and deposits [2]. - The increased flexibility from the release is expected to support the company's growth and expansion strategies in its key markets [2]. Group 3: Company Overview - Blue Ridge Bankshares, Inc. serves as the holding company for Blue Ridge Bank and BRB Financial Group, Inc., offering a variety of financial services including retail and commercial banking, investment and wealth management, and trust administration [3].

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]