Business
Blue Ridge Bankshares, Inc. Announces 2025 Second Quarter Results
Blue Ridge Bankshares, Inc. (the "Company") (NYSE American: BRBS), the holding company of Blue Ridge Bank, National Association ("Blue Ridge Bank" or the "Bank") and BRB Financial Group, Inc., today announced financial results for the quarter ended June 30, 2025.
About this update from Blue Ridge Bankshares, Inc.
[{"type":"text","content":"Reports net income for the quarter and continued progress on regulatory remediation efforts","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"RICHMOND, Va., July 23, 2025 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (the "Company") (NYSE American: BRBS), the holding company of Blue Ridge Bank, National Association ("Blue Ridge Bank" or the "Bank") and BRB Financial Group, Inc., today announced financial results for the quarter ended June 30, 2025. ","length":344,"tagName":"p"},{"type":"image","alt":"BRBS","displaySize":"","headline":null,"caption":"BRBS","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":102,"url":"https://media.zenfs.com/en/prnewswire.com/18fca3956f59fe9e05c9d59fa8a83b2b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dIT7HUyql7oS_jsP7MiYoA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/18fca3956f59fe9e05c9d59fa8a83b2b","width":400,"height":102}},"href":"https://mma.prnewswire.com/media/440750/Blue_Ridge_Bankshares_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"For the quarter ended June 30, 2025, the Company reported net income of $1.3 million, or $0.01 per diluted common share, compared to a net loss of $0.4 million, or ($0.01) per diluted common share, for the quarter ended March 31, 2025, and a net loss of $11.4 million, or ($0.47) per diluted common share, for the second quarter of 2024.","length":337,"tagName":"p"},{"type":"text","content":"For the first half of 2025, the Company reported net income of $0.9 million, or $0.01 per diluted common share, compared to a net loss of $14.3 million, or ($0.66) per diluted common share, for the first half of 2024.","length":217,"tagName":"p"},{"type":"text","content":"A Message From Blue Ridge Bankshares, Inc. President and CEO, G. William "Billy" Beale:","length":97,"tagName":"p"},{"type":"text","content":""In our earnings release for first quarter 2025, I mentioned the results were a harbinger for future sustainable and increasing profitability. I am pleased to report that the Company earned $1.3 million for the second quarter and became profitable for the first half of 2025.","length":280,"tagName":"p"},{"type":"text","content":""There are several encouraging trends. Our net intere...