10-Q · May 5, 2026
Blue Ridge Bankshares, Inc. reported a modest recovery in Q1 2026 with a net income of $0.8 million, or $0.01 EPS, compared to a loss of $0.4 million, or ($0.01) EPS in the prior year. Revenue for the quarter was $19.25…
Earnings analysis · 10-Q
BRBS earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
BRBS reported revised Q2 2026 revenue of $18.313 million and diluted EPS of $(0.01), with revenue declining approximately 42.8% sequentially and 51.8% year over year. Underlying pre-tax, pre-provision income improved…
Read full summary
BRBS reported revised Q2 2026 revenue of $18.313 million and diluted EPS of $(0.01), with revenue declining approximately 42.8% sequentially and 51.8% year over year. Underlying pre-tax, pre-provision income improved 30% sequentially to $2.9 million, but a $2.9 million reserve related to an $11.4 million borrower exposure produced a $1.3 million net loss. No numeric forward revenue or EPS guidance was provided; management expects expense-reduction benefits in the second half of 2026.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.01
What stood out
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Underlying operating performance improved
Underlying pre-tax, pre-provision income improved 30% sequentially to $2.9 million, supported by lower expenses and renewed loan growth.
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Expense reductions remain a focus
Management expects expense-reduction actions to be realized in the second half of 2026, indicating continued focus on lowering the expense base.
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Disclosure controls remained effective
Disclosure controls and procedures were concluded to be effective as of June 30, 2026, with no material changes to internal control over financial reporting during the quarter.
What to watch
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Sharp revenue contraction
Revenue was $18.313 million, down approximately 42.8% from $32 million in 2026 Q1 and approximately 51.8% from $38 million in 2025 Q2, signaling substantial operating contraction.
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Large borrower exposure caused loss
A $2.9 million reserve tied to an $11.4 million borrower exposure drove a $1.3 million net loss and reversed the benefit of the $2.9 million pre-tax, pre-provision result.
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GAAP earnings deteriorated
Diluted EPS was $(0.01), down from $0.01 in both 2026 Q1 and 2025 Q2, reflecting deterioration in GAAP profitability despite improved underlying pre-tax, pre-provision income.
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No formal risk-factor update
The filing states there were no material changes to the risk factors disclosed in the 2025 Form 10-K; therefore, no new formal risk-factor disclosure was identified despite the borrower-loss event.
Management's outlook
No numeric revenue or EPS guidance was provided. Management expects the results of expense-reduction actions to be realized in the second half of 2026.
Earlier filings 4
10-K · March 12, 2026
Blue Ridge Bankshares returned to profitability in 2025 with net income of $10.7 million and diluted EPS of $0.11 as management completed a strategic shift away from fintech/BaaS and sold its mortgage division. The…
10-Q · November 4, 2025
Blue Ridge Bankshares reported a turnaround in Q3 with net income of $5,603,000 and diluted EPS of $0.06 versus $946,000 and $0.01 in Q3 2024, driven by lower interest expense and reduced noninterest expense. Net…
10-Q · August 6, 2025
Blue Ridge Bankshares returned to profitability in Q2 2025, reporting revenue of $23,085,000 and EPS of $0.01 versus revenue of $20,357,000 and EPS of -$0.47 in Q2 2024. Improvement was driven by higher net interest…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.