Blue Ridge Bankshares, Inc. · AMEX:BRBS

Blue Ridge Bankshares — Investor Presentation (November 2022)

31 slides from Blue Ridge Bankshares's investor presentation, Nov 3, 2022

  1. Slide 1: Investor Presentation October 2022

    INVESTOR PRESENTATION October 2022 MYBRB.BANK ©2022 Blue Ridge Bank, N.A. All Rights Reserved. Exhibit 99.1

  2. Slide 2: Disclosure: Forward-Looking Statements

    DISCLOSURE ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 2 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 r

  3. Slide 3: About Blue Ridge Bank

    Top 10 USDA B&I Lender in 2021 Named to Piper Sandler Small-All Stars Class of 2021 "Best Small Bank in Virginia" in Newsweek's ranking of America's Best Banks 2022. 1st Mid-Atlantic bank to join the UN-convened Net-Zero Banking Alliance, helping to lead the financial industry in protecting our plan

  4. Slide 4: Since 1893: Community banking with a national reach

    Since 1893 Community banking with a national reach. Redefining community and serving the businesses and individuals in our region. MYBRB.BANK ABOUT BLUE RIDGE BANK ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 4

  5. Slide 5: Purpose: Mission and Values

    PURPOSE 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 have fun while doing it. We act with integrity and PURPOSE while serving others,

  6. Slide 6: Strength in Data

    ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 6 STRENGTH IN DATA DATA WAREHOUSE IMPLEMENTATION >> Completed implementation in Q3, with archival of core system data for historical trending capabilities >> Improving financial analysis and data management with additional reporting and dashboards >>

  7. Slide 7: Corporate Profile

    CORPORATE PROFILE Deposit market share excludes banks with more than $10 billion in total assets as of June 30, 2022. FDIC Market Share Report as of June 30, 2022. Source: S&P Global Market Intelligence and Company financials as of September 30, 2022. Not pictured - mortgage offices in Hilton Head a

  8. Slide 8: Our Service Offerings

    ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 8 OUR SERVICE OFFERINGS Commercial Banking Retail Banking Middle Market Banking Government Guaranteed Lending Corporate & Purchasing Cards Employee Benefits Fintech Deposit Services Consumer & Private Banking Personal Credit Cards BRB Financial Group

  9. Slide 9: ESG

    ESG ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 9 >> Eliminate single-use plastics by end of 2024 >> Implement email standards to reduce carbon emissions >> Develop a sustainability strategy >> Maintain and enhance recycling programs in all locations >> Support EV’s through branch charging stat

  10. Slide 10: Fintech Partnerships

    FINTECH PARTNERSHIPS ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 10

  11. Slide 11: Fintech Loans & Deposits

    Source: Company data. FINTECH LOANS & DEPOSITS ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 11

  12. Slide 12: Featured Fintech Partner

    FEATURED FINTECH PARTNER ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 12 The Blue Ridge-Unit partnership is about compliance and community. Tomorrow's successful banking experiences will be blended with software experiences. Financial products will meet individuals and businesses within their fa

  13. Slide 13: Middle Market Banking

    MIDDLE MARKET BANKING ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 13

  14. Slide 14: Specialized Lending

    SPECIALIZED LENDING ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 14 Subscription / Fund Finance Traditional ABL first priority secured inside a Borrowing Base – High Level Monitoring and Cash Dominion Lender Finance and Flow Arrangements PROGRESS THROUGH SEPTEMBER 2022 >> Transactions totaling $

  15. Slide 15: Featured Government-Guaranteed Lending Client

    FEATURED GOVERNMENT-GUARANTEED LENDING CLIENT ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 15 Blue Ridge Bank provided $2.55 million SBA Loan for purchase of the marina property, which included the docks and equipment. Yankee Point Marina is a full-service boatyard and marina located just off th

  16. Slide 16: Markets of Operation – Virginia & Maryland

    MARKETS OF OPERATION – VIRGINIA & MARYLAND Washington DC MSA Area contains the largest MSA by population in the Southeastern U.S. and sixth largest in the U.S. (1) The region is one of the wealthiest in the Southeast with a median household income which is nearly double the national average (1) Econ

  17. Slide 17: Markets of Operation – North Carolina

    Greensboro MSA is home to assorted industries with high concentration in financial services, information, manufacturing, and wholesale trading (1) Population growth between 2022 – 2027 is expected to be above 2% annually (2) Greensboro gains momentum for the economy of the future with major investme

  18. Slide 18: Significant Balance Sheet Growth

    Source: Company financials. SIGNIFICANT BALANCE SHEET GROWTH ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 18

  19. Slide 19: Loans Held for Investment Portfolio

    Source: Company financials. (1) Excludes loans funded under the Paycheck Protection Program (“PPP”). LOANS HELD FOR INVESTMENT PORTFOLIO ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 19 Loan Composition

  20. Slide 20: Deposit Portfolio

    (1) Source: Company financials. DEPOSIT PORTFOLIO >> Cost of deposits was 0.50% for the third quarter of 2022, an increase of 0.24% from 0.26% for the second quarter of 2022. ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 20 >> Continued focus on noninterest DDA, a significant driver of commercial

  21. Slide 21: Profitability Snapshot

    Adjusted amounts are Non-GAAP measures and exclude merger costs for the periods ended September 30, 2021, December 31, 2021, and March 31, 2022, and regulatory remediation costs for the periods ended March 31,2022, June 30,2022 and September 30,2022. See Appendix for reconciliation of Non-GAAP discl

  22. Slide 22: Asset Quality and Credit Culture

    (1) Ratios exclude remaining discounts related to acquisitions. Source: Company financials. Bank-level data. ASSET QUALITY AND CREDIT CULTURE ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 22 >> Commentary Allowance for Loan Losses/Held for Investment Loans excludes purchase accounting adjustments

  23. Slide 23: Per Share Growth

    (1) Tangible book value is a Non-GAAP measure; 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. (3) Book Value Per Share measures include the after-tax fair value impact of the company’s availabl

  24. Slide 24: Formal Written Agreement

    FORMAL WRITTEN AGREEMENT On August 29, 2022, Blue Ridge Bank entered into a formal agreement (the “Agreement”) with the Office of the Comptroller of Currency (“OCC”), the Bank’s primary regulator. The Agreement principally concerns the Bank’s fintech line of business and requires the Bank to continu

  25. Slide 25: Looking Forward

    LOOKING FORWARD Leverage Fintech relationships to develop BaaS and lending opportunities Leverage footprint and scale to grow quality relationships Drive cross-selling opportunities across multiple business lines through CRM implementation Grow government-guaranteed lending business Adjust to contra

  26. Slide 26: Appendix: Financial Highlights and Reconciliation of Non-GAAP Disclosures

    Appendix Financial Highlights and Reconciliation of Non-GAAP Disclosures APPENDIX ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 26

  27. Slide 27: Financial Highlights

    FINANCIAL HIGHLIGHTS ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 27

  28. Slide 28: Financial Highlights

    FINANCIAL HIGHLIGHTS ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 28 (1) Annualized.

  29. Slide 29: Appendix: Reconciliation of Non-GAAP Disclosures

    APPENDIX: Reconciliation of Non-GAAP Disclosures ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 29 (1) Assumes an income tax rate of 21% and full deductibility.

  30. Slide 30: Appendix: Reconciliation of Non-GAAP Disclosures

    APPENDIX: Reconciliation of Non-GAAP Disclosures ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 30 (1) Excludes mortgage servicing rights. (2) Per share amounts and shares outstanding as of and for the periods stated are reflective of the 3-for-2 stock splits effective April 30, 2021.

  31. Slide 31: MYBRB.BANK

    MYBRB.BANK ©2022 Blue Ridge Bank, N.A. All Rights Reserved.

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