Blue Ridge Bankshares, Inc. · AMEX:BRBS
Blue Ridge Bankshares — Investor Presentation (May 2022)
31 slides from Blue Ridge Bankshares's investor presentation, May 5, 2022
Slide 1: Investor Presentation May 2022
Exhibit 99.1 INVESTOR PRESENTATION MAY 2022 MYBRB.BANK ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 1
Slide 2: Disclosure: Forward-Looking Statements
DISCLOSURE Forward-Looking Statements substitute competitors’ products and services for the Company’s products and services; the Company’s inability This presentation of Blue Ridge Bankshares, Inc. (the “Company”) contains forward-looking statements within the meaning of the Private Securities Litig
Slide 3: About Blue Ridge Bank
ABOUT BLUE RIDGE BANK st Gives back to our communities Top 10 USDA B&I Lender in 2021 1 Mid-Atlantic bank to join the 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 rooted in 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: Management Team
MANAGEMENT TEAM Brian K. Plum Chief Executive Officer LaNell DeLoach Chief Credit Officer • Chief Credit Officer since November 2020 • Chief Executive Officer of Blue Ridge Bankshares, Inc. since December 2014 • Previously served as Executive Vice President of Credit of Blue Ridge Bank • Previously
Slide 7: Corporate Profile
CORPORATE PROFILE 26 Virginia branches; 1 in North Carolina GEOGRAPHY 18 mortgage offices in NC, VA, MD, SC #4 community bank market (1) MARKET SHARE share in Virginia 520 Full-time equivalents (FTEs) EMPLOYEES ASSETS $2.7 billion DEPOSITS $2.4 billion GROSS LOANS $1.9 billion (1) Deposit market sha
Slide 8: Our Service Offerings
OUR SERVICE OFFERINGS BRB Commercial Retail Financial Fintech Banking Banking Group Consumer & Wealth Government Private BaaS Community Middle Market Specialized Management Guaranteed Banking Banking Banking Banking Lending Personal Trust Corporate & Deposits Employee Deposit Treasury Credit Cards S
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 additional bran
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 that are beyond our branch footprint. Leveraging the opportunities provided by financial technology, we aspir
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 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 favorite software products. Through our partnership,
Slide 14: Middle Market Banking
MIDDLE MARKET BANKING GOALS: >> Recruit and build a team of commercial bankers in VA and NC >> Target lower Middle Market clients and emphasize building full relationships >> Drive balance sheet and P&L growth through relationship acquisition and cross-sell >> Diversify the Bank’s balance sheet STRA
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 GOALS: >> Diversify portfolio and contribute to growth in net interest margin >> Identify and introduce specialized lending products wheth
Slide 16: Featured Government-Guaranteed Lending Client
FEATURED GOVERNMENT-GUARANTEED LENDING CLIENT Break Rock Brewing is a privately-held limited liability company (LLC) owned and managed by James (Jay) Southwood, the founder. It is located at 552 Victory Road, Quincy, MA. The brewery is a taproom focused business concentrating on-premise sales, servi
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 (1) • Recognized as the 33rd largest Metropolitan U.S. and sixth largest in the U.S. 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, (1) and wholesale trading • Population growth between 2022 – 2027 is expected to be (2) above 2% annually 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 0.27% for the first quarter of 2022, a decline of 0.02% from 0.29% for the fourth quarter of 2021 Deposit Composition >> Continued focus on noninterest DDA, a significant driver of commercial bank incentives Source: Company financials. ©2022 Blue Ridge B
Slide 22: 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. ©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 (ALL)/Held for Investment (HFI) Loans excludes purchase accounting adjustments (discounts) on acquired loans of $13.5 million as of March 31, 2022 (1) (1) Ratios exclude remaining discounts related to acquisitions. Source: Co
Slide 24: 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. ©2022 Blue Ridge Bank, N.A. All Rights Reserved. 24
Slide 25: Looking Forward
LOOKING FORWARD Leverage footprint and scale to grow quality relationships Drive cross-selling opportunities across multiple business lines by implementing a CRM in Q2 2022 Continue to integrate Fintech partnerships Leverage Fintech relationships to develop BaaS and lending opportunities Grow govern
Slide 26: Appendix
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 (1) Shares outstanding as of and for the periods stated are reflective of the 3-for-2 stock split that was effective April 30, 2021. ©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) Shares outstanding as of and for the periods stated are reflective of the 3-for-2 stock split that was 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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