---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-086645"
form_type: "8-K"
ticker: "BRBS"
cik: "0000842717"
company_name: "BLUE RIDGE BANKSHARES, INC."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:32:11.068845+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Blue Ridge Bankshares posts Q2 net loss of $11.4M; completes $161.6M capital raise

## Summary
- Net loss of $11.4M ($0.47 diluted EPS) vs. loss of $2.9M in Q1 2024; includes $6.7M after-tax fintech investment write-down.
- Completed private placements for gross proceeds of $161.6M (net $152.5M); bank now exceeds Consent Order capital minimums.
- Fintech-related deposits fell to 8.9% of total deposits from 12.3% in Q1; BaaS deposits down ~$100.5M sequentially.
- Nonperforming loans improved to $46.0M (1.57% of assets) from $53.2M; provision for credit losses was $3.1M vs. recovery of $1.0M.
- Net interest margin improved to 2.79% from 2.75%; noninterest expense decreased to $29.3M from $32.5M.

## SEC filing metadata
- accession: 0000950170-24-086645
- form_type: 8-K
- ticker: BRBS
- cik: 0000842717
- company_name: BLUE RIDGE BANKSHARES, INC.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842717/000095017024086645/0000950170-24-086645-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842717/000095017024086645/brbs-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-086645
- JSON: https://secwatch.observer/filing/0000950170-24-086645.json
- Plain text: https://secwatch.observer/filing/0000950170-24-086645.txt

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