secwatch.observer — SEC 8-K summary
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Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K/A
Filed at:   2026-08-10T20:15:16+00:00
Accession:  0001193125-26-342413
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000119312526342413/0001193125-26-342413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000119312526342413/brbs-20260728.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-342413

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