---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-056906"
form_type: "8-K"
ticker: "BRBS"
cik: "0000842717"
company_name: "BLUE RIDGE BANKSHARES, INC."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:15:53.462765+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Blue Ridge Q3 net loss $41.4M ($2.18/sh); goodwill impairment $26.8M, suspends dividend

## Summary
- Net loss from continuing ops of $41.4M includes $26.8M non-cash goodwill impairment and $6.0M ESOP litigation reserve.
- Board suspended future quarterly dividends to preserve capital; prior dividend rate was $0.09/quarter.
- Restating 2022 annual and 2023 Q1/Q2 financials to reflect nonaccrual status of certain specialty finance loans.
- Net interest margin fell to 2.92% from 3.12%; allowance for credit losses rose to 2.03% of loans from 1.58%.
- Tangible book value per share declined to $9.30 from $10.55; Bank remains well-capitalized under regulatory guidelines.

## SEC filing metadata
- accession: 0000950170-23-056906
- form_type: 8-K
- ticker: BRBS
- cik: 0000842717
- company_name: BLUE RIDGE BANKSHARES, INC.
- filed_at: 2023-10-31T23:59:59+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/842717/000095017023056906/0000950170-23-056906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842717/000095017023056906/brbs-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-056906
- JSON: https://secwatch.observer/filing/0000950170-23-056906.json
- Plain text: https://secwatch.observer/filing/0000950170-23-056906.txt

## Key facts
- Earnings Releases
  BLUE RIDGE BANKSHARES, INC. reported third quarter ended September 30, 2023 results: net income net loss from continuing operations of $41.4 million, EPS $2.18 per diluted common share.
  - Period: third quarter ended September 30, 2023
  - Net income: net loss from continuing operations of $41.4 million
  - EPS: $2.18 per diluted common share
  - Result: reported results
  source text: On October 31, 2023 Blue Ridge Bankshares, Inc. issued a press release announcing its financial results for the third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/842717/000095017023056906/0000950170-23-056906-index.htm

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