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AI brief of an SEC Form 8-K · BLUE RIDGE BANKSHARES, INC. (BRBS)

Blue Ridge Bankshares swings to $0.2 million Q2 net loss on $2.1 million credit provision

Mixed Impact 4 of 5 earnings Written later

Blue Ridge Bankshares reported a second-quarter 2026 net loss of $0.2 million, or $0.00 per diluted share, compared with net income of $0.8 million in the first quarter of 2026 and $1.3 million in the second quarter of 2025. The loss was driven by a $2.1 million after-tax provision for credit losses, including a $1.5 million reserve on a single out-of-market loan relationship placed on nonaccrual, while excluding severance expense, pre-tax, pre-provision income improved to $2.9 million, a non-GAAP measure.

Key points

  • Net loss of $0.2 million, or $0.00 per diluted share, versus net income of $0.8 million, or $0.01, in the first quarter of 2026
  • After-tax provision for credit losses of $2.1 million; loans totaling $11.4 million placed on nonaccrual with a $1.5 million reserve
  • Excluding severance, pre-tax, pre-provision income rose to $2.9 million from $2.2 million in the prior quarter (non-GAAP)
  • Nonperforming assets rose to $32.8 million, or 1.41% of total assets, from $22.6 million at March 31, 2026

The filing

CompanyBLUE RIDGE BANKSHARES, INC. (BRBS)
Form8-K, current report
Filed with the SECJul 28, 2026, 5:15 PM ET
Accession number0001193125-26-321256

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.