Blue Ridge Bankshares revises Q2 to $1.3M net loss; $11.4M borrower default

BLUE RIDGE BANKSHARES, INC.

Net loss $1.3M ($0.01/sh) for Q2 2026 vs net income $0.8M in Q1 and $1.3M in Q2 2025.
Borrower with $11.4M loans ceased ops; $2.9M specific reserve; provision up $1.4M, net loss up ~$1.1M.
Loan growth 4% annualized in Q2, first growth in 13 quarters; loans held for investment +$19.6M.
Nonperforming loans rose to $31.2M (1.34% of assets) from $21.0M; ACL/loans 1.19% vs 1.05%.
Special dividend $0.60/share paid Apr 27; NIM 2.91%; severance $0.3M after-tax in Q2.

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