Blue Ridge Bankshares, Inc. · AMEX:BRBS
Blue Ridge Bankshares — Investor Presentation (February 2021)
28 slides from Blue Ridge Bankshares's investor presentation, Feb 4, 2021
Slide 1: Blue Ridge Bankshares, Inc. Investor Presentation February 2021
Blue Ridge Bankshares, Inc. Investor Presentation February 2021 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
P Recent Merger with Bay Banks . fof Virginia, Inc. (BAYK) Extends footprint east to Richmond and Hampton Roads regions of Virginia into strong commercial markets Adds $1.1 billion of gross loans and $1.0 billion of deposits Adds wealth management and trust services fee-based business Enhances execu
Slide 4: Corporate Profile
Corporate Profile Locations Map(4) #3 community bank market share in Virginia 32 Virginia branches; 1 in North Carolina 17 mortgage offices in NC, VA, MD, SC, DE, and FL $1.96 billion $2.72 billion Holding Company: Charlottesville, VA Bank: Richmond, VA 362 FTEs $2.05 billion Chartered in 1893 as th
Slide 5: Financial Highlights
Financial Highlights Annualized Source: Company financials Tangible book value per common share is a non-GAAP measure. See Appendix for reconciliation of Non-GAAP disclosures.
Slide 6: Management Team
Brian K. Plum Chief Executive Officer Randal R. “Randy” Greene President and Chief Operating 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 Blu
Slide 7: Management Team
James “Jim” McCarty Chief Administrative Officer Management Team Chief Administrative Officer since January 2020 Previously served as Chief Administrative Officer at Bank of Clarke County/Eagle Financial Services, Inc. Holds a BS in Accounting from Virginia Tech and a MBA from Shenandoah University
Slide 8: Mission Statement and Core Values
BRBS Mission Statement and Core Values 128 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 9: COVID-19 Update
Three-pronged approach Assist current borrowers and mitigate potential asset quality issues Create new relationships Raise capital Round 1 of PPP Funded over 2,400 loans totaling approximately $363 million Received processing fees of $11.5 million in 2020 and recognized $7.9 million in 2020 Aggressi
Slide 10: Markets of Operation – Virginia & Maryland
The region is home to the 7th busiest port in the U.S. with approximately 1.3 million TEUs imported during 2018(1) The area’s economy is heavily influenced by the largest concentration of military personnel outside of the Pentagon(2) The region is home to a young populace, median age of 37.1 years v
Slide 11: Markets of Operation – North Carolina
Greensboro MSA emerging logistical and transportation hub on East Coast More than $10.2 billion of adjusted gross income has migrated into the area since 1992(1) The region provides a high quality of life, enticing people from around the U.S. and students from nearby high caliber universities such a
Slide 12: Deposit Portfolio
Deposit Portfolio (1) Amounts are pro forma including Bay Banks of Virginia, Inc. as of December 31, 2020 (See Appendix) and exclude purchase accounting adjustments. // (2) Top right chart is based on pro forma amounts. Source: SNL Financial; Company Data. Deposit Funded Balance Sheet Growth ($ mill
Slide 13: Held-for-Investment Loan Portfolio
Held-for-Investment Loan Portfolio (1) Amounts are pro forma including Bay Banks of Virginia, Inc. as of December 31, 2020 (See Appendix) and exclude purchase accounting adjustments. // (2) Top right chart is based on pro forma amounts. // (3) Data is based on Blue Ridge Bankshares, Inc. only. Sourc
Slide 14: Consistent Balance Sheet Growth
Consistent Balance Sheet Growth (1) CAGR does not include 2020 pro forma data. // (2) Amounts are pro forma and include assets, deposit, and gross loans of Bay Banks of Virginia, Inc. as of December 31, 2020 (See Appendix) and exclude purchase accounting adjustments. Source: SNL Financial and Compan
Slide 15: Robust and Consistent Profitability
Robust and Consistent Profitability Note: 2016 includes merger costs of $1.9 million associated with the acquisition of River Bancorp, Inc. (“RBI”), 2019 and 2020 include merger costs of $1.7 million and $2.4 million, respectively, related to the acquisitions of Virginia Community Bankshares, Inc. (
Slide 16: Asset Quality and Credit Culture
Asset Quality and Credit Culture (1) Increase in NPAs related to RBI acquisition in 2016. // (2) Allowance for Loan Losses (ALL) excludes remaining discounts related to acquisitions. Source: Company financials. Bank-level data. Commentary Net Charge-offs/Average Loans (Annualized) Limited net charge
Slide 17: Per Share Growth
Per Share Growth (1) Non-GAAP measures; see Appendix for reconciliation of Non-GAAP disclosures. Source: Company Data Note: BRBS issued common stock in late Q4 2014/Q1 2015, Q1 2019, and Q4 2019. New shares issued equaled 49.07%, 55.02%, and 30.21% of prior to issuance total, respectively. Tangible
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 mortgage functionality with LenderSelect Mortgage Group acquisition in Januar
Slide 19: Financial Technology (Fintech) Partnerships
Financial Technology (Fintech) Partnerships Actively engaged in Fintech community to create partnerships enabling the Fintech partners and Blue Ridge to capitalize on industry disruption Fintech partnerships generate revenue streams, deposits, and new customers, and drive internal efficiency gains t
Slide 20: Company News Update: Recent Merger with Bay Banks of Virginia, Inc.
Company News Update Recent Merger with Bay Banks of Virginia, Inc.
Slide 21: BRBS Pro Forma Company
BRBS Pro Forma Company 1, 94, 92 25, 27, 120 2, 152, 52 1, 2, 94 (1) Based on deposit market share of community banks with total assets under $10.0 billion // (2) Pro forma amounts exclude purchase accounting adjustments. Source: S&P Global Market Intelligence; Company Data Merger of equals closed J
Slide 22: Capitalizing on a Dislocated Market Place with Limited Mid-size Banks
Capitalizing on a Dislocated Market Place with Limited Mid-size Banks Source: S&P Global Market Intelligence and FDIC Virginia Market Share Report (1) Community banks include banks with less than $10 billion in total assets as of 9/30/2020; FDIC deposit information as of June 30, 2020 (2) Pro forma
Slide 23: COVID-19 Update – Combined
From the onset of the pandemic, both companies have proactively addressed the needs of commercial and individual borrowers by modifying a combined over 700 loans comprising balances totaling more than $200 million The deferrals/modifications allow for the short-term deferral of principal or of princ
Slide 24: Looking Forward
Minimize COVID-19 asset quality impact as government support wanes Looking Forward Execute BAYK integration Grow efforts to partner with and integrate Fintech providers Drive cross-selling opportunities across business lines Capitalize on current Paycheck Protection Program round and any future targ
Slide 25: Appendix
Appendix BLUE RIDGE 5] BANK
Slide 26: Reconciliation of Non-GAAP Disclosures
Reconciliation of Non-GAAP Disclosures Source: Company Financials
Slide 27: BAYK Summary Balance Sheet
BAYK Summary Balance Sheet Source: Company Financials
Slide 28: Contact Information
Contact Information Brian Plum Chief Executive Officer (540) 843-5207 bplum@mybrb.com Judy Gavant Chief Financial Officer (804) 518-2606 Judy.Gavant@vcb.bank www.mybrb.com
Blue Ridge Bankshares — Investor Presentation (February 2021) on 6ix