secwatch.observer — SEC 8-K summary
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Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000950170-23-001720
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000095017023001720/0000950170-23-001720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000095017023001720/brbs-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001720

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