Blue Ridge Bankshares Reports Q4 2022 Net Income of $6.3M, Down from $12.8M Year Ago

BLUE RIDGE BANKSHARES, INC.

2022-FY EPS reported $1.48

Net income from continuing operations was $6.3 million ($0.33 per diluted share) for Q4 2022, compared to $2.7 million in Q3 2022 and $12.8 million in Q4 2021.
Full year 2022 net income from continuing operations was $27.6 million ($1.47 per diluted share), down from $52.6 million in 2021.
Regulatory remediation costs related to OCC formal agreement were $2.9 million in Q4 2022, down from $4.0 million in Q3 2022.
Loans held for investment (ex-PPP) grew to $2.40 billion at Dec 31, 2022, up 35% from Dec 31, 2021.
Tangible book value per share was $12.00 at Dec 31, 2022, compared to $13.01 a year earlier.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BLUE RIDGE BANKSHARES, INC. reported the quarter ended December 31, 2022 results: net income $6.3 million, EPS $0.33 earnings per diluted common share.

Period: the quarter ended December 31, 2022
Net income: $6.3 million
EPS: $0.33 earnings per diluted common share
Result: reported results

Exact text from the filing

For the fourth quarter of 2022, the Company reported net income from continuing operations of $6.3 million, or $0.33 earnings per diluted common share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BLUE RIDGE BANKSHARES, INC. reported the year ended December 31, 2022 results: net income $27.6 million, EPS $1.47 earnings per diluted common share.

Period: the year ended December 31, 2022
Net income: $27.6 million
EPS: $1.47 earnings per diluted common share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, the Company reported net income from continuing operations of $27.6 million, or $1.47 earnings per diluted common share

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

BLUE RIDGE BANKSHARES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-001720

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