---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-118375"
form_type: "8-K"
ticker: "BRBS"
cik: "0000842717"
company_name: "BLUE RIDGE BANKSHARES, INC."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:30:57.279423+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blue Ridge Bankshares Q3 net income $0.9M; fintech BaaS exit ahead of schedule

## Summary
- Net income of $0.9M ($0.01/diluted share) vs. loss of $11.4M in Q2 2024 and loss of $41.4M in Q3 2023.
- Recovery of credit losses of $6.2M, including $8.4M recovery from specialty finance loan sale.
- Nonperforming loans to total assets improved to 1.09% from 1.40% in prior quarter.
- Deposits excluding fintech/wholesale grew $73.7M in Q3; fintech BaaS deposits down to 3% of total deposits.
- Bank's tier 1 leverage ratio 11.56% (minimum 10% per Consent Order); TBV improved to $4.25 from $4.10.

## SEC filing metadata
- accession: 0000950170-24-118375
- form_type: 8-K
- ticker: BRBS
- cik: 0000842717
- company_name: BLUE RIDGE BANKSHARES, INC.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842717/000095017024118375/0000950170-24-118375-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842717/000095017024118375/brbs-20241029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-118375
- JSON: https://secwatch.observer/filing/0000950170-24-118375.json
- Plain text: https://secwatch.observer/filing/0000950170-24-118375.txt

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