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Blue Ridge Bankshares, Inc. 8-K Filings

BRBS NYSE

Every 8-K that Blue Ridge Bankshares, Inc. (BRBS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow BRBS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BRBS filings page.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. agreed to be acquired by HomeTrust Bancshares, Inc. in an all-stock merger. At closing, each share of Blue Ridge common stock will convert into 0.086 shares of HomeTrust common stock (the Exchange Ratio), with cash paid in lieu of fractional shares. The deal is valued at approximately $448.1 million, or $4.28 per Blue Ridge share, and is expected to create a commercial bank with over $7 billion in assets. HomeTrust stockholders are expected to own about 65% of the combined company, and Blue Ridge shareholders about 35%, with two Blue Ridge directors joining the HomeTrust and HomeTrust Bank boards.

The companies expect closing in the first quarter of 2027, subject to Blue Ridge shareholder approval, HomeTrust stockholder approval for the share issuance, and required regulatory approvals; the merger agreement includes a mutual termination fee of $18.0 million in specified circumstances. Outstanding Blue Ridge warrants may be converted via cashless exercise into shares receiving the same Merger Consideration or, if not converted, will be assumed by HomeTrust. In-the-money stock options will be cashed out, while time-based restricted stock will vest into the Merger Consideration and performance-based awards will convert into time-based HomeTrust restricted stock. HomeTrust’s investor materials state expected EPS accretion of roughly 30% once cost savings are fully realized beginning in 2028 and tangible book value dilution of about 8.3% with an earn-back period of roughly 3.25 years.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. filed an amended report to reflect revised second quarter 2026 results after a commercial borrower with $11.4 million of loans ceased operations. The company increased its specific reserve on this credit to $2.9 million, which raised the provision for credit losses and reduced earnings.

For the quarter ended June 30, 2026, the company reported a net loss of $1.3 million, or ($0.01) per diluted share, versus net income of $0.8 million in the prior quarter and $1.3 million a year earlier. Total provision for credit losses was $4.1 million, including $3.5 million on loans and $0.55 million on unfunded commitments, compared to a $0.6 million recovery in the prior quarter.

Underlying performance showed improvement: excluding severance, pre-tax, pre-provision income rose to $2.9 million from $2.2 million in the prior quarter. Loans held for investment grew $19.6 million, a 4% annualized rate, net interest margin held at 2.91%, and noninterest expense fell to $15.9 million from $18.7 million. Asset quality metrics weakened as nonperforming loans increased to $31.2 million, or 1.34% of total assets, and the allowance for credit losses rose to 1.19% of loans. Capital remained solid with tangible common equity to tangible assets at 11.8% and total stockholders’ equity of $275.4 million. The company paid a special cash dividend of $0.60 per share, totaling about $54.1 million, earlier in 2026.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. reported a Q2 2026 net loss of $0.2 million, or $0.00 per diluted share, versus net income of $0.8 million in Q1 2026 and $1.3 million a year earlier. Results were driven by a $2.1 million provision for credit losses on loans, a $0.55 million provision for unfunded commitments, $0.3 million of after-tax severance, and a $0.6 million loss on liquidation of an equity-method investment.

Underlying performance improved: pre-tax, pre-provision income excluding severance rose to $2.9 million from $2.2 million in Q1. Net interest income was $16.5 million with net interest margin of 2.91% versus 2.90% in Q1, while cost of deposits declined to 2.25%. Noninterest expense fell to $15.9 million from $18.7 million, and headcount declined to 269 from 281 in Q1 and 333 a year earlier.

Total assets decreased to $2.33 billion from $2.41 billion, reflecting a previously announced $54.1 million special cash dividend and lower brokered deposits. Loans held for investment grew $19.6 million (4% annualized), the first growth in 13 quarters. Asset quality weakened, with nonperforming loans rising to $31.2 million, or 1.34% of assets, from $21.0 million, or 0.87%. The allowance for credit losses was 1.11% of loans. Capital remained high, with tangible common equity to tangible assets of 11.8% and the Bank’s CET1 ratio at 15.16%. Subsequent to quarter-end, the company redeemed its remaining subordinated notes.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. filed an amended current report to update a leadership change. Effective June 30, 2026, the position of Chief Operations and Technology Officer, held by M. Dean Brown at the company and its banking subsidiary, will be eliminated as part of cost reduction efforts, and his employment will be terminated without cause on that date. He will also step down from all officer and fiduciary roles with both entities.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. reported the results of its 2026 Annual Meeting of Shareholders. Shareholders voted on electing five directors for one-year terms ending at the 2027 annual meeting and on ratifying Elliott Davis, PLLC as the independent registered public accounting firm for 2026.

As of April 23, 2026, there were 89,796,993 common shares outstanding and entitled to vote, and 80,605,074 shares were represented in person or by proxy, establishing a quorum. All five director nominees were elected, with for votes ranging from 60,084,858 to 67,398,679. Shareholders also ratified Elliott Davis, PLLC, with 80,371,599 votes for, 217,271 against, and 16,205 abstentions.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. reports that its board and M. Dean Brown have agreed he will step down as Chief Operations and Technology Officer of the company and its wholly owned subsidiary, Blue Ridge Bank, National Association. In connection with his retirement, Mr. Brown will resign from all officer and fiduciary positions with both entities effective June 30, 2026. The filing does not announce a successor or broader strategic changes, focusing solely on this leadership transition.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. named its Interim Chief Executive Officer and Interim President, Harry Golliday, to the Company’s Board of Directors, effective March 18, 2026. He was also appointed to the Board of Directors of the Company’s wholly owned bank subsidiary, Blue Ridge Bank, National Association, on the same date.

The Board expects to assign Mr. Golliday to one or more Board committees and plans to amend this report once those committee roles are determined. Because he is already an executive officer of both the Company and the Bank, he will not receive separate compensation for his Board service.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. announced that G. William “Billy” Beale retired as President and Chief Executive Officer of the Company and Chief Executive Officer of Blue Ridge Bank, effective March 6, 2026. Under a Retirement Agreement, he will receive his 2025 bonus, vesting of 18,542 previously granted restricted shares, a lump sum of $180,478.13, and monthly cash payments of $84,004.13 for 12 months, in exchange for customary release, non‑disparagement and restrictive covenants.

The boards appointed Harry Golliday, previously Executive Vice President and Chief Credit Officer, as Interim Chief Executive Officer and Interim President of the Company and Interim Chief Executive Officer of the Bank, effective March 6, 2026. His existing employment agreement provides defined severance and change‑in‑control protections and includes non‑competition and non‑solicitation terms. The press release highlights that during Mr. Beale’s tenure the Bank exited an OCC Consent Order in November 2025 and returned to profitability as a community‑focused bank.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. filed a current report to share that it has released its latest earnings information. On January 29, 2026, the company issued a press release announcing its financial results for the fourth quarter ended December 31, 2025.

The press release is included as Exhibit 99.1 and is incorporated by reference into the report’s discussion of results of operations and financial condition.

Rhea-AI Summary

Blue Ridge Bankshares (BRBS) reported that its bank subsidiary, Blue Ridge Bank, National Association, received notification from the Office of the Comptroller of the Currency of the termination of the Consent Order entered on January 24, 2024, effective November 13, 2025.

The company furnished a press release and the OCC’s Order Terminating the Consent Order as exhibits to the filing. This update reflects a finalized regulatory action by the OCC specific to the bank subsidiary.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. updated its investor presentation for meetings with investors and furnished the materials as Exhibit 99.1 under Item 7.01 (Regulation FD). The materials are provided for information purposes and are being furnished, not filed.

The Company’s common stock trades on the NYSE American under the symbol BRBS.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. (BRBS) announced a special cash dividend of $0.25 per share on its common stock. The dividend will be paid on November 21, 2025 to shareholders recorded as of the close of business on November 7, 2025.

This one-time payout returns cash to shareholders outside of the company’s regular dividend cycle and sets clear record and payment dates for eligibility and distribution.

Rhea-AI Summary

Blue Ridge Bankshares (BRBS) furnished a press release announcing financial results for the third quarter ended September 30, 2025. The release is provided as Exhibit 99.1 to this Form 8‑K under Item 2.02 and is incorporated by reference. The company’s common stock trades on NYSE American under the symbol BRBS.

Rhea-AI Summary

Blue Ridge Bankshares, Inc. reported that its board has approved a new share repurchase program authorizing the company to buy back up to $15 million of its common stock. The company may repurchase shares through open market purchases, block trades, or privately negotiated transactions, and may also acquire shares in connection with the exercise of outstanding warrants.

Any open market repurchases will follow SEC Rule 10b-18, and the company may use Rule 10b5-1 trading plans so that repurchases can occur during periods when it might otherwise be restricted by insider trading rules. Shares repurchased under the program will be cancelled and become authorized but unissued shares.

The company emphasized that it cannot predict if or when repurchases will occur, and the program can be modified, suspended, or terminated at any time at the company’s discretion. Actual repurchase activity will depend on factors such as share price, market conditions, liquidity needs, and alternative investment opportunities, and details will be reported in future Forms 10-Q and 10-K.