Earnings ·
Blue Ridge Bankshares filed an amendment to its Q2 2026 earnings report to revise financial results following a…
BRBSBlue Ridge Bankshares, Inc.
Blue Ridge Bankshares filed an amendment to its Q2 2026 earnings report to revise financial results following a borrower's cessation of operations. The company increased its specific loan loss reserve by $2.9 million on the $11.4 million exposure, resulting in a $1.4 million increase in the provision for credit losses and an approximately $1.1 million increase in net loss for the quarter ended June 30, 2026. The revised report shows a net loss of $1.3 million, or ($0.01) per diluted share, compared to the previously reported net income of $0.8 million. Blue Ridge Bankshares operates as a bank holding company providing retail and commercial banking services.