Blue Ridge Bankshares, Inc. reports developments for a bank holding company whose subsidiaries include Blue Ridge Bank, National Association and BRB Financial Group, Inc. Company news centers on retail and commercial banking, loan and deposit activity, quarterly operating results, credit trends, capital ratios, and a return to community banking after the termination of an OCC consent order.
Recurring updates also cover capital actions such as special cash dividends, share repurchase authorization, and warrant-related matters, along with leadership and board changes at the holding company and bank. The company’s services include checking, savings, money market and cash management accounts; commercial, residential mortgage, home equity and consumer loans; and investment, wealth management and trust services.
Blue Ridge Bankshares (BRBS) reported a third-quarter 2026 net loss of $4.2 million as credit provisions outweighed improved operating performance. The loss was $0.05 per diluted share, versus a $1.3 million loss in the second quarter and $5.6 million profit a year earlier. Adjusted pre-tax, pre-provision income, excluding merger-related and severance expenses, rose to $5.3 million from $2.9 million sequentially.
Net interest margin increased to 3.08% from 2.91%, while loan-loss provisions rose to $8.0 million from $3.5 million. Net loan charge-offs totaled $10.3 million, including $9.9 million tied to one borrower. Loans held for investment increased $33.1 million during the quarter; deposits excluding brokered deposits fell $19.2 million. The agreed merger into HomeTrust is anticipated to close in the first quarter of 2027, pending required approvals, including both companies’ shareholder approvals.
Blue Ridge Bankshares (NYSE American: BRBS) revised its Q2 2026 results after a commercial borrower with $11.4 million in loans ceased operations, prompting higher expected credit losses. The company now reports a Q2 2026 net loss of $1.3 million, or ($0.01) per diluted share, versus net income in Q1 2026 and Q2 2025.
The quarter includes an after-tax $3.2 million provision for credit losses and $0.3 million in severance. Excluding severance, pre-tax, pre-provision income rose to $2.9 million, noninterest expense fell to $15.9 million, loans held for investment grew $19.6 million (4% annualized), and NIM edged up to 2.91%. Nonperforming loans increased to $31.2 million (1.34% of assets), while the tangible common equity ratio was 11.8% and total assets declined to $2.33 billion, reflecting a previously paid $0.60 per share special dividend.
Blue Ridge Bankshares (NYSE American: BRBS) reported a Q2 2026 net loss of $0.2 million ($0.00 per diluted share), versus net income of $0.8 million in Q1 2026 and $1.3 million in Q2 2025. According to Blue Ridge Bankshares, results were driven by an after-tax $2.1 million provision for credit losses and $0.3 million in after-tax severance costs, including amounts tied to executive transitions. Excluding severance, pre-tax, pre-provision income rose to $2.9 million, up from $2.2 million in Q1 and $1.4 million a year earlier. Loans held for investment grew $19.6 million (4% annualized), the first growth in 13 quarters, while net interest margin edged up to 2.91% and cost of deposits declined to 2.25%. The company paid a $0.60 special cash dividend totaling about $54.1 million in April 2026, and reported a tangible common equity ratio of 11.8%. Nonperforming loans increased to $31.2 million (1.34% of assets), reflecting an $11.4 million out-of-market relationship placed on nonaccrual with a $1.5 million reserve.
Blue Ridge Bank (NASDAQ:BRBS) named Robert J. Campbell as Central Virginia Market President, based in the Richmond area.
Campbell brings over 22 years of banking experience and will focus on driving market strategy, expanding loan and deposit portfolios, and strengthening community-focused commercial banking across Central Virginia.
Blue Ridge Bank (NYSE American: BRBS) promoted Margaret Hodges to Chief Human Resources Officer effective April 27, 2026. Hodges joined the bank over two and a half years ago and brings nearly 20 years of financial‑sector HR experience, a SHRM senior certification, and a master’s in human resources management.
Her role will continue building sustainable HR programs, supporting employees, and developing leaders across the bank.
Blue Ridge Bankshares (NYSE:BRBS) reported Q1 2026 net income of $0.8M ($0.01 diluted EPS), compared to $4.2M in Q4 2025 and a $0.4M loss in Q1 2025. Adjusted Q1 net income excluding $1.3M after-tax executive transition costs was $2.1M ($0.02).
The company declared a $0.60 special cash dividend per share (~$54.1M) payable April 27, 2026. Net interest income was $16.9M with NIM of 2.90%. Tangible book value per share declined to $3.11 and tangible common equity ratio to 11.4%, primarily due to the special dividend.
Blue Ridge Bankshares (NYSE American: BRBS) announced the retirement of G. William Beale, effective March 6, 2026, and the appointment of Harry Golliday as Interim CEO and President. The bank exited its OCC Consent Order in November 2025 and returned to profitability.
Golliday, with over four decades in financial services and serving as Chief Credit Officer since January 2024, will pursue growth, capital management and strategic opportunities following the Consent Order termination.
Blue Ridge Bankshares (NYSE American: BRBS) reported a return to profitability for 2025 with net income $10.7M for the year and Q4 net income $4.2M ($0.04 diluted). The Bank's OCC Consent Order was terminated effective Nov 13, 2025. The company paid a special $0.25/share dividend on Nov 21, 2025 and executed buybacks, repurchasing 802,735 shares for $3.4M and warrants for $6.1M. Q4 metrics: net interest margin 3.04%, tangible book value per share $3.65, nonperforming loans $23.8M (0.98% of assets), total assets $2.43B.
Blue Ridge Bankshares (NYSE American: BRBS) announced that the Office of the Comptroller of the Currency has terminated the Consent Order dated January 24, 2024.
The company said the Bank was released from the Consent Order in less than 23 months, and management said the termination increases the Bank's ability and flexibility to grow, attract new loans and deposits, and focus on community banking and customer experience.
Blue Ridge Bankshares (NYSE:BRBS) announced a special cash dividend of $0.25 per share. The Board declared the dividend on Oct. 27, 2025, payable on November 21, 2025 to shareholders of record at the close of business on November 7, 2025. The company said the dividend reflects the Board's commitment to enhancing shareholder value and cites regulator affirmation of its strong financial position. Blue Ridge Bankshares is the holding company for Blue Ridge Bank and BRB Financial Group and offers retail and commercial banking plus investment, wealth management, and trust services.