Blue Ridge Bankshares, Inc. · AMEX:BRBS
Blue Ridge Bankshares — Investor Presentation (May 2021)
29 slides from Blue Ridge Bankshares's investor presentation, May 5, 2021
Slide 1: Investor Presentation May 2021
Blue Ridge Bankshares, Inc. Investor Presentation May 2021 Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation of Blue Ridge Bankshares, Inc. (the “Company”) 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, expe
Slide 3: Investment Highlights
P Recent Merger with Bay Banks . fof Virginia, Inc. (“Bay Banks”) Extends footprint east to Richmond and Hampton Roads regions of Virginia into strong commercial markets Adds $1.0 billion of gross loans and $1.0 billion of deposits Adds wealth management and trust services fee-based business Enhance
Slide 4: Corporate Profile
Corporate Profile Locations Map(2) #3 community bank market share in Virginia 32 Virginia branches; 1 in North Carolina 20 mortgage offices in NC, VA, MD, SC, and FL $2.14 billion $3.17 billion Holding Company: Charlottesville, VA Bank: Richmond, VA 509 FTEs $2.30 billion Chartered in 1893 as the Pa
Slide 5: Financial Highlights
Financial Highlights (1) Annualized // (2) Shares outstanding as of and for the periods stated are reflective of the 3-for-2 stock split effective April 30, 2021. Note: See Appendix for reconciliation of Non-GAAP disclosures. Source: Company financials.
Slide 6: Financial Highlights
Financial Highlights (1) Annualized // (2) Shares outstanding as of and for the periods stated are reflective of the 3-for-2 stock split effective April 30, 2021. Note: See Appendix for reconciliation of Non-GAAP disclosures. Source: Company financials.
Slide 7: Management Team
Brian K. Plum Chief Executive Officer Judy C. Gavant, CPA Chief Financial Officer Management Team Chief Executive Officer of Blue Ridge Bankshares, Inc. since December 2014 Previously served as CFO and Chief Administrative Officer of Blue Ridge Bankshares, Inc. from 2007-2014 Holds a BS in Accountin
Slide 8: Management Team
Chief Operating Officer Previously served as Chief Administrative Officer at Virginia Commonwealth Bank since March 2018 Served as Chief Information Officer of Xenith Bankshares, Inc. from 2008 - 2017 Holds a BS in Information Systems Management from the University of San Francisco More than 35 year
Slide 9: BRBS Mission Statement and Core Values
BRBS Mission Statement and Core Values 128 Years of Customer Service Mission Statement Our mission is to create financial value and opportunity for our shareholders, customers, employees, and communities by providing evolving, flexible, and customized solutions for the needs of our clients ….and to
Slide 10: COVID-19 Update: Three-pronged approach and PPP
Three-pronged approach Assist current borrowers and mitigate potential asset quality issues Create new relationships Raise capital Round 1 of PPP Funded over 3,100 loans totaling approximately $420m(1) Received net processing fees of $11.5m in 2020; recognized $7.9m in 2020 and $2.2m in Q1 2021 Aggr
Slide 11: Markets of Operation – Virginia & Maryland
The region is home to the 7th busiest port in the U.S. with approximately 1.3 million TEUs imported during 2018(1) The area’s economy is heavily influenced by the largest concentration of military personnel outside of the Pentagon(2) The region has above average incomes, median household income of ~
Slide 12: Markets of Operation – North Carolina
Greensboro MSA is an emerging logistical and transportation hub on East Coast More than $10.2 billion of adjusted gross income has migrated into the area since 1992(1) The region provides a high quality of life, enticing people from around the U.S. and students from nearby high caliber universities
Slide 13: Significant Balance Sheet Growth
Significant Balance Sheet Growth ($ in millions) Source: SNL Financial; Company financials.
Slide 14: Loans Held for Investment Portfolio
Loans Held for Investment Portfolio Source: SNL Financial; Company financials. (1)
Slide 15: Deposit Portfolio
Deposit Portfolio Noninterest DDA remains significant driver of commercial bank incentives. (1) Source: SNL Financial; Company financials.
Slide 16: Robust and Consistent Profitability
Robust and Consistent Profitability (1) Adjusted amounts are Non-GAAP measures and exclude merger costs; see Appendix for reconciliation of Non-GAAP disclosures. Source: Company financials. Return on Average Assets (%) Return on Average Equity (%) Net Income to Shareholders (000s) As Reported Adjust
Slide 17: Asset Quality and Credit Culture
Asset Quality and Credit Culture (1) Annualized. // (2) Ratios exclude remaining discounts related to acquisitions. Source: Company financials. Bank-level data. Commentary Net Charge-offs/Average Loans (1) Limited net charge-off history as Net Charge-offs/ Average Loans haven’t exceeded 0.30% over t
Slide 18: Per Share Growth
Per Share Growth (1) Non-GAAP measures; see Appendix for reconciliation of Non-GAAP disclosures. // (2) All periods presented are reflective of the 3-for-2 stock split effective April 30, 2021. Source: Company financials. Tangible Book Value Per Share (1,2) Earnings Per Share (2)
Slide 19: Robust Fee Platform Strategy
Focus on business lines that supplement and support the core commercial banking model: Robust Fee Platform Strategy Mortgage: Countercyclical fee source consisting of both retail and wholesale originations. Added wholesale mortgage functionality with LenderSelect Mortgage Group acquisition in Januar
Slide 20: Financial Technology (Fintech) Partnerships
Financial Technology (Fintech) Partnerships Actively engaged in Fintech community to create partnerships enabling the Fintech partners and Blue Ridge to capitalize on industry disruption Fintech partnerships generated approximately $57.3 million in related deposits as of March 31, 2021 Source: Compa
Slide 21: COVID-19 Update: Loan Deferrals and Modifications
From the onset of the pandemic, both Blue Ridge Bank and Virginia Commonwealth Bank (the acquired banking subsidiary of Bay Banks), have proactively addressed the needs of commercial and individual borrowers by modifying approximately 950 loans comprising balances totaling more than $270 million The
Slide 22: Looking Forward
Drive cross-selling opportunities across business lines Looking Forward Execute BAYK integration Grow efforts to partner with and integrate Fintech providers Minimize COVID-19 asset quality impact as government support wanes Capitalize on current Paycheck Protection Program round and any future targ
Slide 23: Appendix
Appendix Appendix BRBS-Bay Banks Merger Capitalizing on Dislocated Market Reconciliation of Non-GAAP Disclosures
Slide 24: Appendix: BRBS-Bay Banks Merger
Appendix: BRBS-Bay Banks Merger Recent Merger with Bay Banks of Virginia, Inc.
Slide 25: Appendix: BRBS-Bay Banks Merger
Appendix: BRBS-Bay Banks Merger 1, 94, 92 25, 27, 120 2, 152, 52 1, 2, 94 (1) Based on deposit market share of community banks with total assets under $10.0 billion // (2) Based on shares outstanding and market close price on March 31, 2021. Source: S&P Global Market Intelligence; Company data. Merg
Slide 26: Capitalizing on a Dislocated Market Place with Limited Mid-size Banks
Appendix: Capitalizing on a Dislocated Market Place with Limited Mid-size Banks Source: S&P Global Market Intelligence and FDIC Virginia Market Share Report (1) Community banks include banks with less than $10 billion in total assets as of September 30, 2020; FDIC deposit information as of June 30,
Slide 27: Reconciliation of Non-GAAP Disclosures
Appendix: Reconciliation of Non-GAAP Disclosures (1) Shares outstanding as of and for the periods stated are reflective of the previously announced 3-for-2 stock split effective April 30, 2021. // (2) Excludes mortgage servicing rights. // (3) Assumes an income tax rate of 21% and full deductibility
Slide 28: Reconciliation of Non-GAAP Disclosures
Appendix: Reconciliation of Non-GAAP Disclosures (1) Shares outstanding as of and for the periods stated are reflective of the previously announced 3-for-2 stock split effective April 30, 2021. // (2) Excludes mortgage servicing rights. // (3) Assumes an income tax rate of 21% and full deductibility
Slide 29: Contact Information
Contact Information Brian Plum Chief Executive Officer (540) 843-5207 Brian.Plum@mybrb.bank Judy Gavant Chief Financial Officer (804) 518-2606 Judy.Gavant@mybrb.bank www.mybrb.com
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