secwatch.observer — SEC 8-K summary
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Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K
Filed at:   2026-07-28T21:15:15+00:00
Accession:  0001193125-26-321256
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000119312526321256/0001193125-26-321256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000119312526321256/brbs-20260728.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-321256

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