Quarterly ResultApr 23, 2026, 05:02 PM
Blue Ridge Bankshares Q1 Net Income Falls to $0.8M
AI Summary
Blue Ridge Bankshares, Inc. reported net income of $0.8 million, or $0.01 per diluted common share, for the first quarter ended March 31, 2026. This marks a decrease from $4.2 million in net income in the previous quarter but an improvement from a net loss of $0.4 million in the prior year's first quarter. The results for Q1 2026 included $1.3 million in after-tax expenses related to the transition of executive officers. Additionally, the company declared a special cash dividend of $0.60 per common share during the quarter.
Key Highlights
- Q1 2026 net income was $0.8 million.
- Diluted EPS for Q1 2026 was $0.01.
- Net income decreased from $4.2 million in Q4 2025.
- Q1 2026 included $1.3 million after-tax executive transition expenses.
- Special cash dividend of $0.60 per common share declared.