Blue Ridge Bankshares posts Q3 net loss of $4.2 million on $8.5 million credit provision
Blue Ridge Bankshares reported a third-quarter 2026 net loss of $4.2 million, or ($0.05) per diluted share, wider than the $1.3 million loss in the second quarter and down from $5.6 million of net income a year earlier. Most of the credit provision tied to a single out-of-market loan relationship, while adjusted pre-tax earnings improved and the HomeTrust merger remains pending.
Key points
- Net loss of $4.2 million, or ($0.05) per diluted share, versus net income of $5.6 million, or $0.06 per diluted share, in the third quarter of 2025.
- Pre-tax provision for credit losses was $8.5 million, mainly linked to one out-of-market relationship; the company charged off $9.9 million on that borrower.
- Adjusted pre-tax earnings rose to $5.3 million from $2.9 million in the second quarter of 2026.
- HomeTrust merger agreement was announced August 17, 2026, and is expected to close in the first quarter of 2027, pending approvals.
The filing
Written by AI on Nov 9, 2026, 8:29 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 October 26, 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.