{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-015389","form_type":"8-K","ticker":"BRBS","cik":"0000842717","company_name":"BLUE RIDGE BANKSHARES, INC.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.416093+00:00","generated_at":"2026-06-16T10:28:11.765468+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Blue Ridge Bankshares Q1 net income $1.6M ($0.09/diluted), down from $6.3M in Q4 2022; NIM shrinks to 3.58%","bullets":["Net income from continuing ops $1.6M (diluted EPS $0.09) vs $6.3M ($0.33) Q4 2022 and $17.4M ($0.93) Q1 2022.","Net interest margin fell to 3.58% from 4.83% QoQ; cost of deposits rose to 1.74% from 0.85%.","Total deposits grew $258.5M (10.3%) to $2.76B, but ex-$293M brokered time deposits core deposits declined 1.4%.","Nonperforming loans increased to $30.7M (0.92% assets) from $18.6M (0.59%) QoQ; provision for credit losses $3.7M.","Regulatory remediation costs $1.1M; dividend of $0.1225/share declared, payable April 28."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-015389","json":"https://secwatch.observer/filing/0000950170-23-015389.json","markdown":"https://secwatch.observer/filing/0000950170-23-015389.md","text":"https://secwatch.observer/filing/0000950170-23-015389.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/842717/000095017023015389/0000950170-23-015389-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/842717/000095017023015389/brbs-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T10:28:11.765468+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"854d0aea0cc54bfd429d580c9e0c98842d55b050","claim":"BLUE RIDGE BANKSHARES, INC. reported the first quarter ended March 31, 2023 results: net income $1.6 million, EPS $0.09 per diluted common share.","evidence_excerpt":"For the first quarter of 2023, the Company reported net income from continuing operations of $1.6 million, or $0.09 per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/842717/000095017023015389/0000950170-23-015389-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Net income","value":"$1.6 million"},{"label":"EPS","value":"$0.09 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}