Blue Ridge Bankshares, Inc 8-K, filed Oct 26, 2026

Blue Ridge Bankshares, Inc. (BRBS)

8-K 2026-10-26 For: 2026-10-26

Added on October 26, 2026

About this 8-K

Blue Ridge Bankshares, Inc filed this 8-K on October 26, 2026.

Blue Ridge Bankshares, Inc. reported a $4.2 million net loss for the quarter ended September 30, 2026, or ($0.05) per diluted common share. Net interest margin rose to 3.08% and Adjusted Pre-tax Earnings reached $5.3 million. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Virginia	001-39165	54-1838100
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1801 Bayberry Court Suite 101
Richmond, Virginia		23226
(Address of Principal Executive Offices)		(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, no par value	BRBS	NYSE American LLC


	Exhibit No.		Description

	99.1		Press release dated October 26, 2026.
	104		Cover Page Interactive Data File (embedded within the Inline XBRL document)


			BLUE RIDGE BANKSHARES, INC.

Date:	October 26, 2026	By:	/s/ Judy C. Gavant
			Judy C. Gavant Executive Vice President and Chief Financial Officer


Blue Ridge Bankshares, Inc.
Consolidated Balance Sheets
(Dollars in thousands, except share data)	(unaudited) September 30, 2026			December 31, 2025 (1)
Assets
Cash and due from banks	$	59,995		$	115,949
Federal funds sold		502			1,851
Securities available for sale, at fair value		298,643			332,928
Restricted equity investments		20,820			19,016
Other equity investments		5,018			4,910
Other investments		14,859			20,781
Loans held for sale		—			14,769
Loans held for investment, net of deferred fees and costs		1,886,596			1,865,717
Less: allowance for credit losses		(19,723	)		(19,444	)
Loans held for investment, net		1,866,873			1,846,273
Accrued interest receivable		10,597			10,787
Other real estate owned		1,704			1,683
Premises and equipment, net		21,195			21,549
Right-of-use lease asset		5,782			6,637
Other intangible assets		1,949			2,642
Deferred tax asset, net		23,998			22,721
Other assets		11,150			10,093
Total assets	$	2,343,085		$	2,432,589
Liabilities and Stockholders’ Equity
Deposits:
Noninterest-bearing demand	$	388,158		$	398,541
Interest-bearing demand and money market deposits		611,683			612,648
Savings		101,240			100,346
Time deposits		713,102			799,627
Total deposits		1,814,183			1,911,162
FHLB borrowings		236,000			150,000
Subordinated notes, net		—			14,716
Lease liability		6,296			7,233
Other liabilities		19,014			25,787
Total liabilities		2,075,493			2,108,898
Commitments and contingencies
Stockholders’ Equity:
Common stock, no par value; 150,000,000 shares authorized at September 30, 2026 and December 31, 2025, respectively; and 89,687,067 and 91,475,278 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively		332,599			331,917
Additional paid-in capital		23,552			23,552
Accumulated deficit		(52,899	)		(659	)
Accumulated other comprehensive loss, net of tax		(35,660	)		(31,119	)
Total stockholders’ equity		267,592			323,691
Total liabilities and stockholders’ equity	$	2,343,085		$	2,432,589

(1) Derived from audited December 31, 2025 Consolidated Financial Statements.

Blue Ridge Bankshares, Inc 8-K, filed Oct 26, 2026

About this 8-K

Items reported

Item 2.02 Results of Operations and Financial Condition.

Item 9.01 Financial Statements and Exhibits.


Blue Ridge Bankshares, Inc.
Consolidated Statements of Income (unaudited)
	For the Three Months Ended
(Dollars in thousands, except per common share data)	September 30, 2026			June 30, 2026			September 30, 2025
Interest income:
Interest and fees on loans	$	26,470		$	25,381		$	32,000
Interest on securities, deposit accounts, and federal funds sold		2,894			3,465			4,213
Total interest income		29,364			28,846			36,213
Interest expense:
Interest on deposits		10,202			10,583			12,501
Interest on subordinated notes		(143	)		273			338
Interest on FHLB borrowings		1,899			1,447			1,463
Total interest expense		11,958			12,303			14,302
Net interest income		17,406			16,543			21,911
Provision for (recovery of) credit losses - loans		8,000			3,500			(1,800	)
Provision for credit losses - unfunded commitments		450			550			—
Total provision for (recovery of) credit losses		8,450			4,050			(1,800	)
Net interest income after provision for (recovery of) credit losses		8,956			12,493			23,711
Noninterest income:
Service charges on deposit accounts		673			642			725
Bank and purchase card interchange income, net		679			620			567
Wealth and trust management fees		524			520			458
Income on sale of MSRs		87			—			737
Other		632			(12	)		1,346
Total noninterest income		2,595			1,770			3,833
Noninterest expense:
Salaries and employee benefits		7,882			9,028			11,388
Occupancy and equipment		1,065			1,062			1,190
Technology and communications		1,923			1,916			2,314
Legal and regulatory filings		222			477			1,008
Advertising and marketing		451			423			267
Audit fees		121			226			161
FDIC insurance		236			318			239
Intangible amortization		181			191			223
Other contractual services		317			344			645
Other taxes and assessments		805			842			895
Merger-related expenses		1,155			—			—
Other		1,517			1,064			1,711
Total noninterest expense		15,875			15,891			20,041
(Loss) income before income taxes		(4,324	)		(1,628	)		7,503
Income tax (benefit) expense		(160	)		(333	)		1,900
Net (loss) income	$	(4,164	)	$	(1,295	)	$	5,603
Basic and diluted (loss) earnings per common share	$	(0.05	)	$	(0.01	)	$	0.06


Blue Ridge Bankshares, Inc.
Consolidated Statements of Income (unaudited)
	For the Nine Months Ended
(Dollars in thousands, except per common share data)	September 30, 2026			September 30, 2025
Interest income:
Interest and fees on loans	$	77,560		$	93,884
Interest on securities, deposit accounts, and federal funds sold		10,039			12,415
Total interest income		87,599			106,299
Interest expense:
Interest on deposits		31,545			39,495
Interest on subordinated notes		421			1,720
Interest on FHLB borrowings		4,778			4,342
Total interest expense		36,744			45,557
Net interest income		50,855			60,742
Provision for (recovery of) credit losses - loans		10,900			(2,500	)
Provision for credit losses - unfunded commitments		1,000			—
Total provision for (recovery of) credit losses		11,900			(2,500	)
Net interest income after provision for (recovery of) credit losses		38,955			63,242
Noninterest income:
Service charges on deposit accounts		1,947			1,903
Bank and purchase card interchange income, net		1,844			1,760
Wealth and trust management fees		1,508			1,321
Income on sale of MSRs		87			1,026
Other		1,327			4,139
Total noninterest income		6,713			10,149
Noninterest expense:
Salaries and employee benefits		27,967			36,998
Occupancy and equipment		3,366			3,700
Technology and communications		5,826			7,663
Legal and regulatory filings		1,281			1,842
Advertising and marketing		1,639			586
Audit fees		602			1,198
FDIC insurance		974			2,363
Intangible amortization		574			701
Other contractual services		863			1,673
Other taxes and assessments		2,475			2,771
Merger-related expenses		1,155			—
Other		3,785			5,506
Total noninterest expense		50,507			65,001
(Loss) income before income taxes		(4,839	)		8,390
Income tax (benefit) expense		(216	)		1,925
Net (loss) income	$	(4,623	)	$	6,465
Basic and diluted (loss) earnings per common share	$	(0.05	)	$	0.07


Blue Ridge Bankshares, Inc.
Quarter Summary of Selected Financial Data (unaudited)

	As of and for the Three Months Ended
(Dollars and shares in thousands, except per common share data)	September 30,			June 30,			March 31,			December 31,			September 30,
Income Statement Data:	2026			2026			2026			2025			2025
Interest income	$	29,364		$	28,846		$	29,389		$	31,474		$	36,213
Interest expense		11,958			12,303			12,483			13,355			14,302
Net interest income		17,406			16,543			16,906			18,119			21,911
Provision for (recovery of) credit losses		8,450			4,050			(600	)		(1,500	)		(1,800	)
Net interest income after provision for (recovery of) credit losses		8,956			12,493			17,506			19,619			23,711
Noninterest income		2,595			1,770			2,348			2,687			3,833
Noninterest expense		15,875			15,891			18,741			16,921			20,041
(Loss) income before income taxes		(4,324	)		(1,628	)		1,113			5,385			7,503
Income tax (benefit) expense		(160	)		(333	)		277			1,141			1,900
Net (loss) income		(4,164	)		(1,295	)		836			4,244			5,603
Per Common Share Data:
(Loss) earnings per common share - basic	$	(0.05	)	$	(0.01	)	$	0.01		$	0.05		$	0.06
(Loss) earnings per common share - diluted		(0.05	)		(0.01	)		0.01			0.04			0.06
Cash dividends per common share		—			—			0.60			0.25			—
Book value per common share		3.02			3.11			3.13			3.68			4.03
Tangible book value per common share - Non-GAAP		3.00			3.09			3.11			3.65			4.01
Balance Sheet Data:
Total assets	$	2,343,085		$	2,327,317		$	2,414,046		$	2,432,589		$	2,496,949
Average assets		2,338,158			2,367,772			2,423,491			2,473,241			2,535,853
Average interest-earning assets		2,259,900			2,280,890			2,334,674			2,383,573			2,437,542
Loans held for investment ("LHFI")		1,886,596			1,853,461			1,833,899			1,865,717			1,912,726
Allowance for credit losses		19,723			22,039			19,184			19,444			20,503
Purchase accounting adjustments (discounts) on acquired loans		2,046			2,350			2,473			2,608			2,984
Loans held for sale		—			—			—			14,769			12,819
Securities available for sale, at fair value		298,643			317,016			331,914			332,928			341,354
Noninterest-bearing demand deposits		388,158			396,284			392,067			398,541			411,100
Total deposits		1,814,183			1,862,333			1,893,074			1,911,162			1,951,079
Subordinated notes, net		—			14,688			14,702			14,716			14,731
FHLB advances		236,000			150,000			150,000			150,000			150,000
Average interest-bearing liabilities		1,647,760			1,649,332			1,673,077			1,697,083			1,739,014
Total stockholders' equity		267,592			275,397			276,964			323,691			355,505
Average stockholders' equity		275,687			277,936			324,390			331,888			345,358
Weighted average common shares outstanding - basic		88,621			88,494			88,343			88,037			88,548
Weighted average common shares outstanding - diluted		88,621			88,494			99,758			99,207			99,384
Outstanding warrants to purchase common stock		24,116			24,116			24,320			24,320			27,549
Financial Ratios:
Return on average assets (2)		-0.71	%		-0.22	%		0.14	%		0.69	%		0.88	%
Return on average equity (2)		-6.04	%		-1.86	%		1.03	%		5.11	%		6.49	%
Total loan to deposit ratio		104.0	%		99.5	%		96.9	%		98.4	%		98.7	%
Held for investment loan-to-deposit ratio		104.0	%		99.5	%		96.9	%		97.6	%		98.0	%
Net interest margin (2)		3.08	%		2.91	%		2.90	%		3.04	%		3.60	%
Yield of LHFI (2)		5.64	%		5.54	%		5.50	%		5.66	%		6.40	%
Cost of deposits (2)		2.22	%		2.25	%		2.27	%		2.40	%		2.51	%
Cost of funds (2)		2.35	%		2.41	%		2.42	%		2.54	%		2.65	%
Efficiency ratio		79.4	%		86.8	%		97.3	%		81.3	%		77.8	%
Noninterest expense to total assets (2)		2.71	%		2.73	%		3.11	%		2.78	%		3.21	%
Capital and Asset Quality Ratios:
Average stockholders' equity to average assets		11.8	%		11.7	%		13.4	%		13.4	%		13.6	%
Allowance for credit losses to LHFI		1.05	%		1.19	%		1.05	%		1.04	%		1.07	%
Ratio of net charge-offs (recoveries) to average loans outstanding (2)		2.20	%		0.14	%		-0.07	%		-0.07	%		-0.07	%
Nonperforming loans to total assets		1.07	%		1.34	%		0.87	%		0.98	%		1.14	%
Nonperforming assets to total assets		1.14	%		1.41	%		0.94	%		1.05	%		1.15	%
Nonperforming loans to total loans		1.32	%		1.68	%		1.15	%		1.26	%		1.48	%


Reconciliation of Non-GAAP Financial Measures (unaudited):

	As of and for the Three Months Ended
(Dollars and shares in thousands, except per common share data)	September 30,			June 30,			March 31,			December 31,			September 30,
Tangible Common Equity and Tangible Book Value Per Common Share:	2026			2026			2026			2025			2025
Common stockholders' equity	$	267,592		$	275,397		$	276,964		$	323,691		$	355,505
Less: other intangibles, net of deferred tax liability (3)		(1,521	)		(1,690	)		(1,868	)		(2,052	)		(2,285	)
Tangible common equity (Non-GAAP)	$	266,071		$	273,707		$	275,096		$	321,639		$	353,220
Total common shares outstanding		89,687			89,655			89,797			91,475			91,637
Less: unvested performance-based restricted stock awards		(1,067	)		(1,092	)		(1,412	)		(3,453	)		(3,460	)
Total common shares outstanding, adjusted		88,620			88,563			88,385			88,022			88,177
Book value per common share	$	3.02		$	3.11		$	3.13		$	3.68		$	4.03
Tangible book value per common share (Non-GAAP)		3.00			3.09			3.11			3.65			4.01

Tangible Common Equity to Tangible Total Assets:
Total assets	$	2,343,085		$	2,327,317		$	2,414,046		$	2,432,589		$	2,496,949
Less: other intangibles, net of deferred tax liability (3)		(1,521	)		(1,690	)		(1,868	)		(2,052	)		(2,285	)
Tangible total assets (Non-GAAP)	$	2,341,564		$	2,325,627		$	2,412,178		$	2,430,537		$	2,494,664
Tangible common equity (Non-GAAP)	$	266,071		$	273,707		$	275,096		$	321,639		$	353,220
Tangible common equity to tangible total assets (Non-GAAP)		11.4	%		11.8	%		11.4	%		13.2	%		14.2	%

Adjusted Pre-tax Earnings:
(Loss) income before income taxes	$	(4,324	)	$	(1,628	)	$	1,113		$	5,385		$	7,503
Add: Provision for (recovery of) credit losses		8,450			4,050			(600	)		(1,500	)		(1,800	)
Add : Severance expense		—			436			1,682			45			131
Add: Merger-related expenses		1,155			—			—			—			—
Adjusted Pre-tax Earnings (Non-GAAP)	$	5,281		$	2,858		$	2,195		$	3,930		$	5,834

	As of and for the Nine Months Ended
(Dollars and shares in thousands, except per common share data)	September 30,			September 30,
Adjusted Pre-tax Earnings:	2026			2025
(Loss) income before income taxes	$	(4,839	)	$	8,390
Add: Provision for (recovery of) credit losses		11,900			(2,500	)
Add : Severance expense		2,118			1,115
Add: Merger-related expenses		1,155			—
Adjusted Pre-tax Earnings (Non-GAAP)	$	10,334		$	7,005

(2) Annualized.
(3) Excludes mortgage servicing rights.