Blue Ridge Bankshares, Inc. · AMEX:BRBS
Blue Ridge Bankshares — Proxy Contest (February 2024)
12 slides from Blue Ridge Bankshares's proxy contest presentation, Feb 13, 2024
Slide 1: Pre-Shareholder Meeting Town Hall February 2024
©2024 Blue Ridge Bank, N.A. All Rights Reserved. Blue Ridge Bankshares, Inc. (NYSE American: BRBS) Pre-Shareholder Meeting Town Hall February 2024 MYBRB.BANK
Slide 2: Disclosure: Forward-Looking Statements
DISCLOSURE Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, a
Slide 3: Blue Ridge Bankshares at a Glance
BLUE RIDGE BANKSHARES, AT A GLANCE Deposit market share data as of June 30, 2023; Excludes Capital One Financial Corporation Reflects data as of December 31, 2023 Reflects data as of February 6, 2023 Source: S&P Capital IQ Pro (27 branches) (16 offices from Maryland to South Carolina) Winchester Was
Slide 4: Formal consent order with the OCC
Blue Ridge Bank, N.A. (the “Bank”) entered into a formal consent order (the “Order”) with the Office of the Comptroller of the Currency (“OCC”) on January 24, 2024¹. The Order replaces the formal written agreement entered into on August 29, 2022 (the “Written Agreement”)². Generally, the Order follo
Slide 5: Current and Pro Forma Capital Ratios
Bank Level Capital Ratios (12/31/2023) Assumes $100.0 million received by the Company from the Private Placement is contributed as tier 1 capital to the Bank as of the date presented Well-capitalized minimum ratios as defined by the PCA: 5.0% Tier 1 Leverage ratio, 6.5% CET1 ratio, 8.0% Tier 1 ratio
Slide 6: Review of Blue Ridge's Historical Balance Sheet Growth
REVIEW OF BLUE RIDGE’S HISTORICAL BALANCE SHEET GROWTH Total Assets ($M) Gross Loans Held-for-Investment ($M) Total Deposits ($M) Tangible Book Value Per Share ($)¹ Reflects the impact of Accumulated Other Comprehensive Income (AOCI) on Tangible Book Value per Share. See the Appendix for certain cal
Slide 7: Loans Held for Investment Portfolio
LOANS HELD FOR INVESTMENT PORTFOLIO Loan Composition (12/31/2023 - $ in thousands) Key Highlights Loans held for investment have declined since the end of Q2 2023. Loan yields have improved steadily in each quarter of 2023, from 5.72% in Q4 2022 to 6.33% in Q4 2023. The held for investment loan-to-d
Slide 8: CRE Loan Portfolio Overview
CRE LOAN PORTFOLIO OVERVIEW CRE Loan Portfolio (Investor & Multifamily) by Type (12/31/2023) $662M Source: Company data
Slide 9: Deposit Portfolio
DEPOSIT PORTFOLIO Key Highlights Deposits related to fintech relationships were $465.9 million (18.2% of total deposits) at December 31, 2023, compared to $720.8 million (26.0% of total deposits) at the prior quarter-end. The Company is actively reducing its banking-as-a-service fintech activities.
Slide 10: Questions & Answers
[-) BLUE RIDGE =] BANKSHARES, INC. QUESTIONS & ANSWERS
Slide 11: Appendix
APPENDIX
Slide 12: Reconciliation of Non-GAAP Disclosures
RECONCILIATION OF NON-GAAP DISCLOSURES Excludes mortgage servicing rights Source: Company data
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