---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-035724"
form_type: "8-K"
ticker: "BRBS"
cik: "0000842717"
company_name: "BLUE RIDGE BANKSHARES, INC."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:37:38.244941+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Blue Ridge Bankshares posts Q2 net loss of $19.5M, cites $58.1M in problem loans

## Summary
- Net loss from continuing ops of $19.5M ($1.03 diluted EPS) vs net income of $1.6M in Q1 2023.
- Provision for credit losses surged to $20.5M from $3.7M in Q1; net charge-offs were $8.0M.
- Nonperforming loans rose to $86.1M (2.68% of assets) from $30.7M, driven by $58.1M specialty finance loans placed on nonaccrual.
- Net interest margin dropped to 2.67% from 3.58%, pressured by $4.7M interest income reversal on nonaccrual loans.
- Company to forgo Q3 2023 common dividend to preserve capital; tangible book value fell to $10.55 from $11.93.

## SEC filing metadata
- accession: 0000950170-23-035724
- form_type: 8-K
- ticker: BRBS
- cik: 0000842717
- company_name: BLUE RIDGE BANKSHARES, INC.
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842717/000095017023035724/0000950170-23-035724-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842717/000095017023035724/brbs-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-035724
- JSON: https://secwatch.observer/filing/0000950170-23-035724.json
- Plain text: https://secwatch.observer/filing/0000950170-23-035724.txt

## Key facts
- Earnings Releases
  BLUE RIDGE BANKSHARES, INC. reported quarter ended June 30, 2023 results: net income net loss from continuing operations of $19.5 million, EPS $1.03 per diluted common share.
  - Period: quarter ended June 30, 2023
  - Net income: net loss from continuing operations of $19.5 million
  - EPS: $1.03 per diluted common share
  - Result: reported results
  source text: Blue Ridge Bankshares, Inc. issued a press release announcing its financial results for the second quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/842717/000095017023035724/0000950170-23-035724-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.