secwatch.observer — SEC 8-K summary
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Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001193125-26-173957
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000119312526173957/0001193125-26-173957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000119312526173957/brbs-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-173957

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer