Blue Ridge Bankshares, Inc. · AMEX:BRBS
Blue Ridge Bankshares — Investor Presentation (August 2022)
31 slides from Blue Ridge Bankshares's investor presentation, Aug 2, 2022
Slide 1: Investor Presentation August 2022
Exhibit 99.1 INVESTOR PRESENTATION AUGUST 2022 MYBRB.BANK ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 1
Slide 2: Disclosure: Forward-Looking Statements
DISCLOSURE Forward-Looking Statements This presentation of Blue Ridge Bankshares, Inc. (the “Company”) contains forward-looking statements within the substitute competitors’ products and services for the Company’s products and services; the Company’s inability to meaning of the Private Securities Li
Slide 3: About Blue Ridge Bank
ABOUT BLUE RIDGE BANK Top 10 USDA B&I Lender in 2021 1st Mid-Atlantic bank to join the Gives back to our communities UN-convened Net-Zero Banking Named to Piper Sandler Alliance, helping to lead the Small-All Stars Class of 2021 financial industry in protecting our planet. “Best Small Bank in Virgin
Slide 4: About Blue Ridge Bank: Since 1893
ABOUT BLUE RIDGE BANK Since 1893 Community banking with a national reach. Redefining community and serving the businesses and individuals in our region. MYBRB.BANK ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 4
Slide 5: Why We Exist
WHY WE EXIST Our MISSION is to create financial value and opportunity for our shareholders, customers, employees, and communities by PURPOSE 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 se
Slide 6: Strength in Data
STRENGTH IN DATA DATA LAKE IMPLEMENTATION >> Ability to fully customize financial and customer data streams >> Improves financial analysis and management >> Helps make informed recommendations and monitor customer portfolios CUSTOMER RELATIONSHIP MANAGEMENT (CRM) >> Formalizes and tracks referral op
Slide 7: Corporate Profile
CORPORATE PROFILE GEOGRAPHY 26 Virginia branches; 1 in North Carolina 18 mortgage offices in NC, VA, MD, SC MARKET SHARE (1) #4 community bank market share in Virginia EMPLOYEES 541 Full-time equivalents (FTEs) ASSETS $2.8 billion DEPOSITS $2.3 billion GROSS LOANS $2.1 billion (1) Deposit market sha
Slide 8: Our Service Offerings
OUR SERVICE OFFERINGS BRB Commercial Retail Financial Fintech Banking Banking Group Consumer & Government Wealth Middle Market Specialized Community Private BaaS Guaranteed Management Banking Banking Banking Banking Lending Corporate & Personal Trust Employee Deposit Treasury Deposits Purchasing Cre
Slide 9: ESG
ESG >> 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 Blue Ridge Bank is committed to addressing the risks of >> Support EV’s through branch charging
Slide 10: Fintech
FINTECH Blue Ridge Bank partners with a wide array of Fintech companies Offering BaaS allows us to amplify our presence and redefine community banking in the digital age by serving customers beyond our branch footprint. Leveraging the opportunities provided by financial technology, we aspire to enha
Slide 11: Fintech Partnerships
FINTECH PARTNERSHIPS ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 11
Slide 12: Fintech Loans & Deposits
FINTECH LOANS & DEPOSITS Source: Company data. ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 12
Slide 13: Featured Fintech Partner
FEATURED FINTECH PARTNER “ dge-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 favorite software products. Through our partnership, we make th
Slide 14: Middle Market Banking
MIDDLE MARKET BANKING PROGRESS TO DATE >> Recruited Team Leads in Charlotte NC and Hampton Roads, VA markets. >> Added two experienced portfolio managers. >> Closed two meaningful transactions in Q2 and building pipeline. >> Continuing to recruit team members in various markets. GOALS >> Recruit and
Slide 15: Specialized Lending
SPECIALIZED LENDING Subscription (Capital Calls) Lending Asset-Based Lending including small ticket equipment finance, food and beverage Lender Finance and Solar PROGRESS TO DATE >> Partnered with InterContinental Beverage Capital, Inc. to roll out an innovative capital resource product for its clie
Slide 16: Featured Government-Guaranteed Lending Client
FEATURED GOVERNMENT-GUARANTEED LENDING CLIENT Yankee Point Marina is a full-service boatyard and marina located just off the Rappahannock River in Lancaster, VA. Todd and Kara Patterson, owners of B+G Marine Services in the British Virgin Islands, purchased Yankee Point in May 2022. The marina offer
Slide 17: Markets of Operation – Virginia & Maryland
MARKETS OF OPERATION – VIRGINIA & MARYLAND Washington DC MSA Hampton Roads MSA • Area contains the largest MSA by population in the Southeastern U.S. and sixth largest in the U.S. (1) • Recognized as the 33rd largest Metropolitan Statistical Area (MSA) in the United States and • The region is one of
Slide 18: Markets of Operation – North Carolina
MARKETS OF OPERATION – NORTH CAROLINA Triad •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) Triangle •Durham-Chapel Hill
Slide 19: Significant Balance Sheet Growth
SIGNIFICANT BALANCE SHEET GROWTH Source: Company financials. ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 19
Slide 20: Loans Held for Investment Portfolio
LOANS HELD FOR INVESTMENT PORTFOLIO Loan Composition Source: Company financials. (1) Excludes loans funded under the Paycheck Protection Program (“PPP”). ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 20
Slide 21: Deposit Portfolio
DEPOSIT PORTFOLIO (1) >> Cost of deposits was 0.26% for the second quarter of 2022, a decline of 0.01% from 0.27% for the first quarter of 2022 Deposit Composition >> Continued focus on noninterest DDA, a significant driver of commercial bank incentives Source: Company financials. ©2022 Blue Ridge B
Slide 22: Profitability Snapshot
PROFITABILITY SNAPSHOT (1) Adjusted amounts are Non-GAAP measures and exclude merger costs; see Appendix for reconciliation of Non-GAAP disclosures. Source: Company financials. ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 22
Slide 23: Asset Quality and Credit Culture
ASSET QUALITY AND CREDIT CULTURE >> Commentary • Allowance for Loan Losses/Held for Investment Loans excludes purchase accounting adjustments (discounts) on acquired loans of $12.2 million as of June 30, 2022 (1) Source: (1) Ratios Company exclude financials remaining . discounts Bank-level related
Slide 24: Per Share Growth
PER SHARE GROWTH (3) (1) Book Non-GAAP Value measures; Per Share includes see Appendix the after-tax for reconciliation fair value of impact Non-GAAP of the company’s disclosures. available-for-sale // (2) All periods securities presented portfolio. are reflective Source: of the Company 3-for-2 fina
Slide 25: Looking Forward
LOOKING FORWARD Leverage footprint and scale to grow quality relationships Drive cross-selling opportunities across multiple business lines through CRM implementation Continue to integrate Fintech partnerships Leverage Fintech relationships to develop BaaS and lending opportunities Grow government-g
Slide 26: Appendix: Financial Highlights and Reconciliation of Non-GAAP Disclosures
APPENDIX Appendix Financial Highlights and Reconciliation of Non-GAAP Disclosures ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 26
Slide 27: Financial Highlights
FINANCIAL HIGHLIGHTS ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 27
Slide 28: Financial Highlights
FINANCIAL HIGHLIGHTS (1) Annualized. ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 28
Slide 29: Appendix: Reconciliation of Non-GAAP Disclosures
APPENDIX: Reconciliation of Non-GAAP Disclosures (1) Assumes an income tax rate of 21% and full deductibility. ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 29
Slide 30: Appendix: Reconciliation of Non-GAAP Disclosures
APPENDIX: Reconciliation of Non-GAAP Disclosures (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. ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 30
Slide 31: MYBRB.BANK
MYBRB.BANK ©2022 Blue Ridge Bank, N.A. All Rights Reserved.
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