Blue Ridge Bankshares, Inc. Reports Positive Financial Results for 2025

In an exciting announcement from Richmond, Virginia, Blue Ridge Bankshares, Inc. (NYSE American: BRBS), the parent company of Blue Ridge Bank, has unveiled its financial results for the fourth quarter and the complete year of 2025. This marks a significant milestone for the bank, not only showing a return to profitability but also indicating the termination of a Consent Order that was in place as a result of prior operational challenges.

Significant Year-End Results

For the final quarter ending December 31, 2025, Blue Ridge Bankshares reported a net income of $4.2 million, equating to $0.04 per diluted common share. This is a notable improvement compared to the net income of $5.6 million or $0.06 per diluted common share in the third quarter of 2025 and a stark contrast to the net loss of $2.0 million recorded during the same period a year prior.

For the entire year, the company achieved a net income of $10.7 million, translating to $0.11 per diluted common share, marking a successful comeback from a net loss of $15.4 million in 2024. The previous year had been challenging due in part to regulatory remediation expenses totaling $3.6 million, while none were reported for 2025.

A Message from Leadership

G. William "Billy" Beale, the President and CEO of Blue Ridge Bankshares, commented on the bright future for the bank, stating, "2025 was a breakthrough year for Blue Ridge! The hard work and progress made over the past 30 months culminated in the termination of the Consent Order issued by the Office of the Comptroller of the Currency (OCC) in January 2024. This is expected to positively impact various financial aspects of our operations, including lowering our borrowing costs and reducing FDIC insurance premiums."

Operational Improvements and Noninterest Expenses

The company made significant strides in improving its operational efficiency, most notably reducing its workforce by over 30% from 2024 to 2025. This downsizing contributed to lower noninterest expenses, which fell from $20.0 million in the third quarter of 2025 to $16.9 million in the fourth quarter. These improvements have been key in driving profitability.

Despite ongoing challenges related to a contracting loan portfolio, stemming largely from previous management's focus on non-footprint loans, Blue Ridge anticipates a positive outlook moving forward. In fact, the company is projecting mid-single-digit growth in its balance sheet, bolstered by effective efforts from their relationship management teams.

Fourth Quarter Highlights

In its financial specifics for the fourth quarter of 2025, the average balances of interest-earning assets saw a decline of $54 million compared to the previous quarter, leading to a net interest income of $18.1 million which was a drop from $21.9 million. However, the net interest margin experienced slight fluctuation, settling at 3.04% for this quarter.

The special $0.25 per share dividend, paid to shareholders in November 2025, is indicative of the bank's commitment to returning value to its investors, signaling strong capital management despite operational challenges.

The bank's asset quality also showed positive signs, with nonperforming loans decreasing to $23.8 million, representing 0.98% of total assets, a decrease from the previous quarter's figures.

Outlook and Future Plans

With a renewed focus on traditional community banking, Blue Ridge Bankshares aims to strengthen its position and regain momentum in the market. The termination of regulatory constraints allows the bank to explore new strategic opportunities without the weight of past operational failures.

This year has proven to be transformative for Blue Ridge Bankshares, and as the company moves into 2026, the leadership is optimistic about continuing its positive trajectory in the financial industry and enhancing its service offerings to better meet community needs. For more information on Blue Ridge Bank and its services, you can visit their website at www.mybrb.com.