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Blue Ridge Bankshares, Inc. operates as a bank holding company for the Blue Ridge Bank, National Association that provides commercial and consumer banking, and financial services. It operates through Commercial Banking and Mortgage Banking segments. The company accepts checking, savings, money market, cash management, and individual retirement accounts, as well as certificates of deposit. It also offers commercial and industrial, residential mortgages, commercial mortgages, home equity, and consumer installment loans; and residential mortgage loans and mortgages loans on real estate. In addition, it provides commercial banking services, including deposit accounts, treasury management solutions, wire services, online banking, fraud prevention services, procurement cards, and a range of commercial lending options; and property and casualty insurance products to individuals and businesses, as well as electronic statement, and mobile and telephone banking services. Further, the company offers consumer lending services that include automobile lending, home equity lines of credit, credit cards, and other unsecured personal loans; small business administration loans; management services for personal and corporate trusts, including estate planning and settlement, trust administration, and investment and wealth management services, as well as life insurance products. It operates in Callao, Charlottesville, Chester, Colonial Heights, Culpeper, Fredericksburg, Gordonsville, Harrisonburg, Hartfield, Henrico, Kilmarnock, Louisa, Luray, Martinsville, Midlothian, Mineral, Montross, Orange, Petersburg, Richmond, Shenandoah, Suffolk, Virginia Beach, Warsaw, and White Stone, Virginia; and Greensboro, North Carolina. The company was founded in 1893 and is headquartered in Richmond, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $92M | - | $11M | $12M | 3.3% | -0.6% | - |
| 2024 | $92M | - | $-15M | $-7M | -4.7% | -24.0% | - |
| 2023 | $121M | - | $-52M | $43M | -27.8% | -20.5% | -398.7% |
| 2022 | $153M | - | $17M | $93M | 7.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 152.66 | 121.42 | 92.23 | 91.70 |
| Pretax Income | 22.20 | -58.84 | -16.51 | 13.78 |
| Tax Provision | 5.20 | -7.07 | -1.12 | 3.07 |
| Net Income | 17.33 | -51.77 | -15.38 | 10.71 |
| Net Income Common Stockholders | 17.33 | -51.77 | -15.38 | 10.71 |
| Interest Expense | 17.09 | 75.95 | 81.66 | 58.91 |
| Interest Income | 121.65 | 169 | 160.32 | 137.77 |
| Selling General And Administration | 58.81 | 64.37 | 64.56 | 50.16 |
| Normalized Income | 17.03 | -22.89 | -12.02 | 10.71 |
| Basic EPS | 1.47 | -2.73 | -0.31 | 0 |
| Diluted EPS | 1.47 | -2.73 | -0.31 | 0 |
| Tax Effect Of Unusual Items | -0.01 | -3.94 | -0.25 | 0 |
| Tax Rate For Calcs | 0.23 | 0.12 | 0.07 | 0.22 |
| Total Unusual Items | -0.05 | -32.83 | -3.61 | 0 |
| Total Unusual Items Excluding Goodwill | -0.05 | -32.83 | -3.61 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 17 | -51.77 | -15.38 | 10.71 |
| Reconciled Depreciation | 3.50 | 2.99 | 2.62 | 2.28 |
| Net Interest Income | 104.57 | 93.04 | 78.66 | 78.86 |
| Net Income From Continuing And Discontinued Operation | 17.33 | -51.77 | -15.38 | 10.71 |
| Diluted Average Shares | 18.99 | 18.96 | 84.97 | 0 |
| Basic Average Shares | 18.99 | 18.96 | 84.97 | 0 |
| Diluted NI Availto Com Stockholders | 17.33 | -51.77 | -15.38 | 10.71 |
| Minority Interests | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 17.33 | -51.77 | -15.38 | 10.71 |
| Net Income Discontinuous Operations | 0.34 | 0 | 0 | 0 |
| Net Income Continuous Operations | 17 | -51.77 | -15.38 | 10.71 |
| Special Income Charges | -0.05 | -32.83 | 0 | 0 |
| Other Special Charges | 0 | 6 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 26.83 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0.05 | 0 | 0 | 0 |
| Gain On Sale Of Security | 9.31 | -2.40 | -8.22 | -0.11 |
| Depreciation Amortization Depletion Income Statement | 1.52 | 1.29 | 1.08 | 0.91 |
| Depreciation And Amortization In Income Statement | 1.52 | 1.29 | 1.08 | 0.91 |
| Amortization | 1.52 | 1.29 | 1.08 | 0.91 |
| Amortization Of Intangibles Income Statement | 1.52 | 1.29 | 1.08 | 0.91 |
| Selling And Marketing Expense | 1.46 | 1.16 | 0.93 | 1.20 |
| General And Administrative Expense | 57.35 | 63.22 | 63.62 | 48.96 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.34 | 5.06 | 5.46 | 2.78 |
| Salaries And Wages | 56.01 | 58.16 | 58.16 | 46.17 |
| Operating Revenue | 152.66 | 121.42 | 92.23 | 91.70 |
| Occupancy And Equipment | 5.92 | 6.51 | 5.58 | 4.92 |
| Professional Expense And Contract Services Expense | 4.31 | 7.43 | 5.07 | 3.81 |
| Other Non Interest Expense | 34.17 | 45.50 | 37.55 | 22.12 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Blue Ridge Bankshares, Inc.this co. | BRBS | $308M | 31.18↑ premium | 1.07 | 3.3% | - |
| The First Bancorp, Inc. | FNLC | $320M | 8.77 | 1.13 | 12.1% | - |
| BayCom Corp | BCML | $320M | 12.13 | 0.92 | 7.1% | - |
| Timberland Bancorp, Inc. | TSBK | $320M | 10.54 | 1.19 | 11.1% | - |
| Norwood Financial Corp. | NWFL | $317M |
| 10.68 |
| 1.11 |
| 11.5% |
| - |
| Citizens Financial Services, Inc. | CZFS | $312M | 7.92 | 0.92 | 10.8% | - |
| FS Bancorp, Inc. | FSBW | $311M | 9.65 | 0.98 | 10.8% | - |
| CoastalSouth Bancshares, Inc. | COSO | $305M | 11.58 | 1.16 | 9.6% | - |
| John Marshall Bancorp, Inc. | JMSB | $297M | 14.01 | 1.11 | 8.0% | - |
| Peer Median | - | 10.61 | 1.11 | 10.8% | - | |