Blue Ridge Q1 net income $0.8M, down 81% QoQ; declares $0.60 special dividend

BLUE RIDGE BANKSHARES, INC.

2026-Q1 EPS reported $0.01

Net income of $0.8M ($0.01 EPS) vs $4.2M ($0.04) in Q4 2025; adjusted EPS $0.02 excluding $1.3M exec transition costs.
Declared $0.60/share special cash dividend (~$54.1M payout) on March 30, payable April 27, 2026.
NIM narrowed to 2.90% from 3.04%; net interest income fell to $16.9M from $18.1M due to lower loan balances.
Noninterest expense rose to $18.7M from $16.9M, driven by $1.6M exec transition and $1.0M incentive costs.
Nonperforming loans improved to $21.0M (0.87% assets) from $23.8M; headcount reduced 20% YoY to 281.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BLUE RIDGE BANKSHARES, INC. reported the first quarter ended March 31, 2026 results: net income net income of $0.8 million, or $0.01 per diluted common share.

Period: the first quarter ended March 31, 2026
Net income: net income of $0.8 million, or $0.01 per diluted common share
Result: reported results

Exact text from the filing

and BRB Financial Group, Inc., today announced financial results for the quarter ended March 31, 2026. For the quarter ended March 31, 2026, the Company reported net income of $0.8 million, or $0.01 per diluted common share, compared to net income of $4.2 million, or $0.04 per diluted common share, for the quarter ended December 31, 2025, and a net loss of $0.4

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BLUE RIDGE BANKSHARES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-173957

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