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Blue Ridge Bankshares, Inc. — Third Quarter 2026 Earnings Summary

  • Reported a net loss of $4.2 million ($0.05 per share) for Q3 2026, widening from a $1.3 million loss in Q2 2026 and reversing a $5.6 million net income in Q3 2025, driven by a $6.6 million after-tax provision for credit losses.
  • Adjusted pre-tax earnings improved to $5.3 million, up from $2.9 million in the prior quarter, while net interest income rose $0.9 million sequentially to $17.4 million and noninterest expense remained flat at $15.9 million.
  • The definitive merger with HomeTrust Bancshares, Inc. is anticipated to close in Q1 2027 pending regulatory and shareholder approvals, following the lifting of a consent order in late 2025.
  • Strategic balance sheet de-risking included a $9.9 million charge-off on a single legacy hydroponic farming relationship and the complete exit from indirect fintech lending, reducing loans held for sale to zero.
  • Total deposits decreased $48.2 million to $1.81 billion, brokered deposits fell to $156.9 million, and the company redeemed all remaining 2029 Notes, leaving no outstanding subordinated debt; no cash dividends were declared.
Company
BLUE RIDGE BANKSHARES INC
Sector
Financial Services
Industry
Banks - Regional