secwatch.observer — SEC 8-K summary
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Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0000950170-25-011190
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Ridge Bankshares Q4 net loss $2.0M; exits 45 fintech BaaS partnerships
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- Net loss of $2.0M ($0.03/sh) vs net income of $0.9M ($0.01/sh) in Q3 2024.
- Exited 45 fintech BaaS depository partnerships, reducing related deposits by $445M in 2024.
- Nonperforming loans improved to 0.93% of assets from 1.09% in Q3; net loan charge-offs $1.9M.
- Noninterest expense down 3% from Q3 and 16% from Q4 2023; headcount reduced 14% YoY.
- Bank's tier 1 leverage ratio 11.80% exceeds 10.00% consent order minimum; total risk-based capital 17.26% above 13.00% minimum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000095017025011190/0000950170-25-011190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000095017025011190/brbs-20250130.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-011190

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