Blue Ridge Bankshares Q2 net loss $0.2M; loan growth returns, NPLs rise

BLUE RIDGE BANKSHARES, INC.

Net loss of $0.2M ($0.00 diluted EPS) vs net income of $0.8M in Q1 2026 and $1.3M in Q2 2025.
Pre-tax, pre-provision income (ex-severance) improved to $2.9M, up 30% from $2.2M in Q1 2026.
Loans held for investment grew $19.6M (4% annualized), first growth in 13 quarters; partnered with third-party mortgage originator.
Nonperforming loans rose to $31.2M (1.34% of assets) from $21.0M, driven by $11.4M out-of-market loans placed on nonaccrual with $1.5M reserve.
Paid $0.60/share special dividend ($54.1M) in April; headcount reduced to 269 from 333 YoY; redeemed remaining subordinated notes post-quarter.

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