Blue Ridge Bankshares, Inc. · AMEX:BRBS
Blue Ridge Bankshares — Investor Presentation (February 2022)
25 slides from Blue Ridge Bankshares's investor presentation, Feb 2, 2022
Slide 1: Blue Ridge Bankshares, Inc. Investor Presentation February 2022
Blue Ridge Bankshares, Inc. Investor Presentation February 2022 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
Investment Highlights Sources: SNL Financial and Company financials. Unique Community Banking Model Capacity to Grow Franchise Fintech Proven Performance Favorable Market Trends Fintech partnerships build out banking as a service (BaaS) platform Actively engaged with 10 Fintech partners to capitaliz
Slide 4: Corporate Profile
Corporate Profile Locations Map(2) #4 community bank by market share in Virginia 26 Virginia branches; 1 in North Carolina 18 mortgage offices in NC, VA, MD, SC $2.30 billion $2.67 billion Holding Company: Charlottesville, VA Bank: Richmond, VA 537 FTEs $1.81 billion Chartered in 1893 as the Page Va
Slide 5: Financial Highlights
Financial Highlights (1) Annualized // (2) Common share data 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) Common share data 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 from 2018 to January 2021 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 tha
Slide 9: BRBS Mission Statement and Core Values
BRBS Mission Statement and Core Values 129 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: Markets of Operation – Virginia & Maryland
The region is home to the East Coast’s 3rd largest port in terms of container volume with approximately 2.9 million TEUs imported during 2019 (2) The area’s economy is heavily influenced by the advanced manufacturing industry and the largest active-duty military population in the United States(2) Th
Slide 11: Markets of Operation – North Carolina
Greensboro MSA is home to assorted industries with high concentration in the financial services, information, manufacturing, and wholesale trading (1) The region provides a high quality of life and robust economy, enticing people from around the U.S. and students from nearby high caliber universitie
Slide 12: Significant Balance Sheet Growth
Significant Balance Sheet Growth ($ in millions) Source: SNL Financial; Company financials.
Slide 13: Loans Held for Investment Portfolio
Loans Held for Investment Portfolio Source: SNL Financial; Company financials.
Slide 14: Deposit Portfolio
Deposit Portfolio (1) Source: SNL Financial; Company financials. Cost of deposits was 0.29% for the fourth quarter of 2021, a decline of 0.27% from 0.56% for fourth the quarter of 2020 Continued focus on noninterest DDA, a significant driver of commercial bank incentives
Slide 15: 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 16: 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) Nonperforming Assets/Assets (%) ALL/HFI Loans, excluding PPP Loans (2) Limited historical net
Slide 17: 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. Book Value Per Share (1,2) Earnings Per Share (2) Tangible Book Value(1) Book
Slide 18: 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 with LenderSelect Mortgage Group acquisition in January 2020. Government-guar
Slide 19: Fintech Partnership Overview
Fintech Partnership Overview Source: Company data. Lending Platform Neobank Technology Platform
Slide 20: Fintech Loans & Deposits
Fintech Loans & Deposits Source: Company data. Fintech Related Deposits Fintech Related Loans
Slide 21: Looking Forward
Leverage Fintech relationships and learnings to develop and grow BaaS Looking Forward Leverage footprint and scale to grow quality relationships Drive cross-selling opportunities across multiple business lines Grow government guaranteed lending business Adjust to potential contraction in mortgage le
Slide 22: Appendix: Reconciliation of Non-GAAP Disclosures
Appendix Appendix Reconciliation of Non-GAAP Disclosures
Slide 23: Appendix: 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) Excludes mortgage servicing rights. // (4) Assumes an in
Slide 24: Appendix: 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) Excludes mortgage servicing rights. // (4) Assumes an in
Slide 25: 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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