Blue Ridge Bankshares, Inc. Announces 2026 Third Quarter Results
PR Newswire•26/10/2026•17:00 ET
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Key Highlights
- ➤Q3 net loss $4.2 million, or $0.05 per diluted share
- ➤Adjusted pre-tax earnings $5.3 million, up approximately 85% sequentially
- ➤Net interest margin 3.08%, up 17 basis points sequentially
- ➤Net loan charge-offs $10.3 million, including $9.9 million tied to one borrower
- ➤HomeTrust merger expected to close in Q1 2027, pending approvals
Expert Statements
Harry Golliday, Interim president and chief executive officer of Blue Ridge Bankshares
“With the regulatory consent order lifted in late 2025, our focus this year turned to soundness, profitability, and growth in our core community bank markets. Our third quarter results reflect continued quarterly improvements in loan growth, loan yields, deposit mix, and noninterest expense discipline. In addition, we further de-risked the balance sheet with a substantial charge-off on a legacy out-of-footprint relationship operating in the hydroponic farming business”
Blue Ridge Bankshares, Inc. Announces 2026 Third Quarter Results PR Newswire
Expanded Net Interest Margin and Lower Operating Expenses Drove Improved Operating Performance
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