BLUE RIDGE BANKSHARES, INC. (BRBS) Form 8-K — Oct 26, 2026
Blue Ridge Bankshares reported a Q3 2026 net loss of $4.2 million, or ($0.05) per diluted share, versus a $1.3 million loss in Q2 and $5.6 million net income a year ago. The loss was driven by an $8.0 million loan provision, largely tied to a single legacy out-of-market borrower in hydroponic farming, which took a $9.9 million charge-off. Underlying operating performance improved: adjusted pre-tax pre-provision earnings rose ~85% sequentially to $5.3 million, net interest income grew to $17.4 million, and NIM expanded 17 bps to 3.08% on higher loan yields and lower funding costs. Noninterest expense held flat at $15.9 million despite $1.2 million of merger costs.
Key figures
- Revenue
- 17406000
- Total Debt
- 236000000
- Total Assets
- 2343085000
- Cash Position
- 59995000
- Shares Outstanding
- 89687067
- Headcount
- 255
- Nim change bps
- 17
- Total deposits
- 1814183000
- Efficiency ratio
- 79.4%
- Net charge offs q3
- 10300000
- Net interest margin
- 3.08%
- Nonperforming loans
- 24900000
- Brokered deposits pct
- 8.6%
- Noninterest income q3
- 2595000
- Noninterest expense q3
- 15875000
- Loans held for investment
- 1886596000
- Merger related expenses q3
- 1155000
- Single borrower charge off
- 9900000
- Adjusted pretax earnings q3
- 5281000
- Tangible common equity ratio
- 11.4%
- Tangible book value per share
- 3
- Provision for credit losses q3
- 8000000
AI analysis
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