Blue Ridge Bankshares, Inc. · AMEX:BRBS
Blue Ridge Bankshares — Investor Presentation (November 2024)
19 slides from Blue Ridge Bankshares's investor presentation, Nov 6, 2024
Slide 1: Building A Foundation for Value and Growth
© 2024 Blue Ridge Bank, N.A. All Rights Reserved. Blue Ridge Bankshares, Inc. (NYSE American: BRBS) Building A Foundation for Value and Growth November 2024 MYBRB.BANK Exhibit 99.1
Slide 2: Forward Looking Statements
Forward Looking Statements Forward Looking Statements This presentation of Blue Ridge Bankshares, Inc. (the “Company” or “Blue Ridge”) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, est
Slide 3: Enterprise Value Proposition
Enterprise Value Proposition Deposit market share data as of June 30, 2024 CNBC’s 2024 annual state competitiveness rankings Core deposits exclude fintech-related and brokered deposits Virginia named Best State for Business, its third victory in five years. 2 Attractive Growth Market Executive leade
Slide 4: Virginia Deposit Market Share (Top 20)
Deposit market share data as of June 30, 2024 Virginia Deposit Market Share (Top 20)¹ Strong Market Position Enterprise Value Proposition Ranked 5th in Virginia deposit market share of banks headquartered in Virginia without a regional or national focus Ranked 9th in Virginia deposit market share of
Slide 5: Attractive Growth Market
Enterprise Value Proposition Attractive Growth Market (27 branches, 3 LPOs) (10 offices) Winchester Luray Harrisonburg Charlottesville Richmond Northern Neck Virginia Beach Durham Greensboro Charlotte Wilmington Fredericksburg Martinsville Bank Branch Mortgage Office LPO Norfolk Virginia North Carol
Slide 6: G. William Beale, President & CEO
President and Chief Executive Officer of Blue Ridge Bankshares, Inc. since July 2023 and Chief Executive Officer of Blue Ridge Bank since May 2023 President and Chief Executive Officer of Community Bankers Bank from November 2018 to July 2020 Chief Executive Officer of Union Bank & Trust (now known
Slide 7: Resilient Balance Sheet
Deposit Composition (9/30/2024 - $000) Total Deposits ($000): $2,346,491 Q3 2024 Cost of Deposits1 : 2.91% Annualized Well-capitalized minimum ratios as defined by Prompt Corrective Action: Tier 1 Leverage ratio of 5.0%, CET1 ratio of 6.5%, Tier 1 ratio of 8.0%, and Total Capital ratio of 10.0%. See
Slide 8: Strategic Focus
Strategic Focus Two fundamental pillars: Strengthen the Foundation and Grow the Community Bank.
Slide 9: Strategic Focus: Strengthen the Foundation
Strategic Focus Remediate Regulatory Order Delivered Strategic Plan Delivered Capital Plan Delivered BSA lookback Implementing enhanced BSA monitoring system Re-scoping and accelerating internal audits in areas of regulatory concern Establish a Strong Credit Culture Worked through problem specialty
Slide 10: Refine the Fintech Line of Business
Refine the Fintech Line of Business Exiting Banking-as-a-Service (“BaaS”) deposit channel Active BaaS subpartners reduced from 45 to 1 during 2024 year-to-date BaaS deposit balances reduced from $371 million to $64 million during 2024 year-to-date Reviewing fintech lending relationships for risk app
Slide 11: Establish a Strong Credit Culture
Establish a Strong Credit Culture Worked through problem specialty finance loans in portfolio Hired new Chief Credit Officer Established revised Loan Policy Established a Credit Policy & Risk Committee Restructured reporting relationships in Credit and Lending Note: Peer group represents Peer Group
Slide 12: Grow the Core Banking Business
Grow the Core Banking Business Purposely and selectively reduced out-of-footprint loans and transactional lending relationships Grew in-market customer deposits Hired new commercial banking leader Reduced certain assets to reposition and enhance future earnings Conducted customer survey to establish
Slide 13: Grow the Community Bank: Assets, Loans and Deposits
Grow the Core Banking Business Purposely and selectively reduced out-of-footprint loans and transactional lending relationships Grew in-market customer deposits Hired new commercial banking leader Reduced certain assets to reposition and enhance future earnings Conducted customer survey to establish
Slide 14: Achieve Operational Excellence
Achieve Operational Excellence Process efficiency project underway Headcount reductions through re-alignment of business lines Multi-year plan to significantly reduce noninterest expense with steering committee oversight Noninterest expense goal of 2.5% of assets Strategic Focus Grow the Community B
Slide 15: Appendix
APPENDIX 5 BLUE RIDGE BANKSHARES, INC.
Slide 16: Board of Directors
CEO of Rainbow Station, Inc. and PRISM, LLC. Previously held positions at NationsBank Capital Markets, First Union/Wheat First Securities, and Shockoe Capital, LLC (Managing Partner & Founder) Previously served on the board of directors of Bay Banks of Virginia, Inc. Chief Financial Officer of Bio-C
Slide 17: Board of Directors (continued)
President of Woodruff Family Law Group in North Carolina CPA licensed in the state of North Carolina and an expert in the area of business valuation Frequent writer and lecturer on business valuation and federal taxation Managing Principal and Investment Committee member of Castle Creek Capital, LLC
Slide 18: Quarterly Summary of Select Financial Data
Quarterly Summary of Select Financial Data Annualized
Slide 19: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures
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