Blue Ridge Bankshares, Inc. Announces 2026 Third Quarter Results
Blue Ridge Bankshares reported a Q3 2026 net loss of $4.2 million, or ($0.05) per diluted share, wider than the $1.3 million loss in the prior quarter and versus $5.6 million net income a year ago. The deterioration was driven by an $8.0 million loan-loss provision and a $9.9 million charge-off on legacy out-of-footprint loans to a single hydroponic-farming borrower, plus $1.2 million of merger expenses tied to the pending HomeTrust Bancshares merger expected to close in Q1 2027. Underlying operations improved: NIM expanded 17 bps to 3.08%, net interest income rose to $17.4 million, and Adjusted Pre-tax Earnings climbed roughly 85% sequentially to $5.3 million.
Key figures
- Guidance
- none provided
- Tce ratio
- 11.4%
- Total assets
- 2343085000
- Total deposits
- 1814183000
- Net charge offs
- 10300000
- Net income q3 2025
- 5600000
- Net interest income
- 17400000
- Net interest margin
- 3.08%
- Nonperforming loans
- 24900000
- Tier1 leverage ratio
- 11.25%
- Merger expenses pretax
- 1200000
- Adjusted pretax earnings
- 5281000
- Provision credit losses loans
- 8000000
- Tangible book value per share
- 3
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