---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-009488"
form_type: "8-K"
ticker: "BRBS"
cik: "0000842717"
company_name: "BLUE RIDGE BANKSHARES, INC."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:22:57.072970+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blue Ridge Bankshares Q4 net loss $5.8M; OCC consent order, $150M capital raise

## Summary
- Net loss of $5.8M ($0.30 diluted EPS) vs net loss of $41.4M ($2.18 EPS) in Q3 2023.
- Nonperforming loans fell to $62.6M (2.01% of assets) from $81.8M; $12.5M specialty finance charge-offs.
- Bank's tier 1 leverage ratio 7.49% below OCC consent order minimum of 10.00%; total capital 10.25% vs 13.00% minimum.
- Fintech-related deposits dropped to $465.9M (18.2% of total) from $720.8M (26.0%) at Sept. 30, 2023.
- Announced $150M private placement at $2.50/share; closing expected March 2024 subject to shareholder approval.

## SEC filing metadata
- accession: 0000950170-24-009488
- form_type: 8-K
- ticker: BRBS
- cik: 0000842717
- company_name: BLUE RIDGE BANKSHARES, INC.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842717/000095017024009488/0000950170-24-009488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842717/000095017024009488/brbs-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-009488
- JSON: https://secwatch.observer/filing/0000950170-24-009488.json
- Plain text: https://secwatch.observer/filing/0000950170-24-009488.txt

## Key facts
- Earnings Releases
  BLUE RIDGE BANKSHARES, INC. reported the year ended December 31, 2023 results: net income a net loss from continuing operations of $51.8 million, EPS $2.73 per diluted common share.
  - Period: the year ended December 31, 2023
  - Net income: a net loss from continuing operations of $51.8 million
  - EPS: $2.73 per diluted common share
  - Result: reported results
  source text: For the year ended December 31, 2023, the Company reported a net loss from continuing operations of $51.8 million, or $2.73 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/842717/000095017024009488/0000950170-24-009488-index.htm
- Earnings Releases
  BLUE RIDGE BANKSHARES, INC. reported the fourth quarter ended December 31, 2023 results: net income a net loss of $5.8 million, EPS $0.30 per diluted common share.
  - Period: the fourth quarter ended December 31, 2023
  - Net income: a net loss of $5.8 million
  - EPS: $0.30 per diluted common share
  - Result: reported results
  source text: For the fourth quarter of 2023, the Company reported a net loss of $5.8 million, or $0.30 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/842717/000095017024009488/0000950170-24-009488-index.htm

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