Blue Ridge Bankshares, Inc. filings document the formal disclosures of a bank holding company for Blue Ridge Bank, National Association and BRB Financial Group, Inc. Recent Form 8-K reports furnish quarterly results, describe the termination of the OCC consent order affecting the bank subsidiary, and record capital actions involving special cash dividends, warrants and related securities terms.
The company’s proxy and current reports also cover annual meeting matters, board composition, executive transitions, compensation arrangements, equity awards, and shareholder voting items. These filings frame BRBS disclosures around community-banking operations, regulatory status, governance, capital structure, and banking, wealth management and trust-service activities.
Blue Ridge Bankshares, Inc. Schedule 13G/A reports that Azora Capital and related reporting persons beneficially own 2,703,441 shares of Common Stock, representing approximately 3.0% of the class. The percentage is calculated based on 91,340,481 shares outstanding as of March 2, 2026.
The filing states the shares are directly owned by funds managed by Azora Capital, with shared voting and dispositive power reported as 2,703,441 shares. The Reporting Persons disclaim beneficial ownership beyond their pecuniary interest and reference Exhibit A filed earlier.
Blue Ridge Bankshares, Inc. generated a modest profit for the quarter, reporting net income of $836,000, or $0.01 per share, for the three months ended March 31, 2026, compared with a net loss of $434,000 a year earlier. Net interest income fell to $16.9 million from $19.0 million as both loan and securities interest declined, while a $600,000 recovery of credit losses and lower noninterest expenses helped support earnings.
Total assets were $2.41 billion, with loans held for investment of $1.83 billion and deposits of $1.89 billion. Nonaccrual loans totaled $19.5 million, slightly lower than at year-end, and the allowance for credit losses on loans was $19.2 million. Cash and due from banks increased to $146.6 million, driven by strong operating and investing cash flows.
The company declared a special cash dividend of $0.60 per share, totaling approximately $54.1 million, which was paid in April 2026 and contributed to stockholders’ equity declining to $277.0 million from $323.7 million. Despite this, regulatory capital ratios at the bank remained well above well-capitalized thresholds, with a common equity Tier 1 ratio of 15.33% and a Tier 1 leverage ratio of 11.01%.
Blue Ridge Bankshares, Inc. is asking shareholders to vote at its June 17, 2026 virtual annual meeting on two items: electing five directors to one-year terms and ratifying Elliott Davis, PLLC as independent auditor for 2026.
The proxy details a largely independent 11‑member board, ongoing declassification so all directors will stand for annual elections by 2028, and concentrated ownership, including several institutional holders with stakes above 5%. It explains virtual meeting access, street‑name voting mechanics, and how broker non‑votes affect the director election and auditor ratification. The filing also outlines executive compensation, highlighting performance‑based restricted stock tied to Core ROAA goals, 2025 short‑term incentive payouts based on financial and strategic metrics, and clawback provisions aligned with NYSE and SEC rules.
Blue Ridge Bankshares, Inc. reported first quarter 2026 net income of $0.8 million, or $0.01 per diluted share, down from $4.2 million, or $0.04 per share, in the prior quarter but improved from a net loss a year earlier. Results included $1.6 million of pre-tax executive transition costs and $1.0 million of incentive-related expenses; excluding transition expenses, net income was $2.1 million, or $0.02 per share.
The company declared a special cash dividend of $0.60 per common share, totaling about $54.1 million, which reduced tangible book value per share from $3.65 to $3.11 and lowered capital ratios, though regulatory capital levels remained well above minimums. Net interest income declined to $16.9 million, with net interest margin at 2.90%, reflecting smaller loan balances and fewer higher-yield out-of-market loans.
Total assets were $2.41 billion, and loans held for investment fell to $1.83 billion as the company continued shrinking non-strategic and fintech-related lending. Asset quality improved: nonperforming loans decreased to $21.0 million, or 0.87% of total assets, and credit quality trends supported a $0.6 million recovery of credit losses. Headcount declined to 281 employees, about 20% lower than a year earlier, as management emphasized a leaner community banking model following the termination of a prior regulatory consent order.
Blue Ridge Bankshares, Inc. disclosed changes to the compensation of Harry Golliday, its Interim Chief Executive Officer and Interim President, and Interim CEO of Blue Ridge Bank, National Association. Effective with his new role, Mr. Golliday’s annual base salary will increase to $525,000, and his annual short-term incentive opportunity will rise to up to 50% of his base salary. The company states that his existing employment agreement with the bank, dated May 3, 2024, remains in effect and is not being amended in connection with these adjustments. This filing focuses solely on leadership compensation terms rather than broader financial performance.
BLUE RIDGE BANKSHARES, INC. President & CEO G. William Beale reported share dispositions that reflect tax-withholding events rather than open-market sales. On March 2, 2026, 17,068 shares of common stock were withheld at $4.06 per share to cover tax obligations. On March 6, 2026, an additional 5,581 shares were withheld at $3.99 per share for the same purpose.
After these transactions, Beale directly held 1,163,828 common shares and indirectly held 400,000 shares through the G. William Beale Revocable Living Trust. A footnote states that his beneficial ownership figure included unvested restricted stock that was subsequently cancelled on March 6, 2026 in connection with his retirement.
Blue Ridge Bankshares, Inc. announced two actions affecting its common shareholders and warrant holders. Effective March 28, 2026, the company amended and restated its common stock warrants so that the per share exercise price is reduced by the per share amount of certain cash distributions on the common stock, including the cash dividend paid in November 2025. This is intended to adjust warrant pricing instead of paying those past dividends on exercised warrant shares.
On March 30, 2026, the board declared a special cash dividend of $0.60 per share on the company’s common stock, payable on April 27, 2026 to shareholders of record as of the close of business on April 13, 2026.
BLUE RIDGE BANKSHARES, INC. reported compensation-related stock activity for Chief Ops & Technology Officer Brown M Dean. On the same date, 200,000 shares of performance-based restricted common stock were canceled and returned to the issuer at no cost, then 200,000 shares of performance-based restricted stock were granted, subject to company performance achievements and a vesting schedule. Following these transactions, Dean directly holds 429,902 shares of common stock. These are not open-market buy or sell trades but adjustments to equity-based compensation.
BLUE RIDGE BANKSHARES, INC. executive Brown M. Dean, the Chief Operations & Technology Officer, reported his initial ownership of company stock. The Form 3 shows direct ownership of 429,902 shares of common stock. This total includes 20,679 unvested time-based restricted shares and 320,000 unvested performance-based awards subject to company performance and vesting schedules.
BLUE RIDGE BANKSHARES, INC. Chief Risk Officer Grace Vallacchi reported several non-market changes to her common stock holdings tied to performance-based equity awards. On January 23, 2026, 66,666 shares were disposed of back to the issuer as a forfeiture of performance-based restricted shares for not meeting performance conditions, and 23,308 shares at $4.33 per share were delivered to cover tax obligations. On March 20, 2026, 120,000 performance-based restricted shares were canceled and replaced with a new award of 120,000 performance-based restricted stock subject to company performance achievements and a vesting schedule. Following these transactions, Vallacchi directly owns 310,026 common shares. No open-market purchases or sales were reported.