earnings
confidence high
sentiment positive
materiality 0.65
Blue Ridge Bankshares reports Q2 net income of $1.3M, turns profitable
BLUE RIDGE BANKSHARES, INC.
2025-Q2 EPS reported
$0.01
- Net income of $1.3M ($0.01 EPS) vs net loss of $0.4M in Q1 and $11.4M loss in Q2 2024.
- Net interest margin improved to 3.15% from 2.90% QoQ, driven by lower deposit costs.
- Noninterest expense fell $1.0M QoQ; headcount reduced by 109 in H1 2025, ending at 333.
- Regulatory remediation progress: Bank capital ratios exceed OCC Consent Order minimums.
- Redeemed $15M subordinated note; partially redeemed $10M of $25M 2029 subordinated notes.