Blue Ridge Bankshares, Inc. reported a net income of $10.7 million for the fiscal year ending December 31, 2025, a significant recovery from a net loss of $15.4 million in 2024. This turnaround is reflected in the diluted earnings per share, which improved to $0.11 from a loss of $0.31 in the previous year. The company's total assets decreased to approximately $2.43 billion, down from $2.74 billion in 2024, primarily due to a reduction in loans held for investment, which fell to $1.87 billion from $2.11 billion. The decrease in loans was part of a strategic shift towards a more traditional community banking model, which included exiting higher-risk lending outside the bank's geographic markets.
In terms of operational changes, Blue Ridge Bankshares completed the sale of its mortgage division, Monarch Mortgage, in March 2025, resulting in a loss of $0.2 million. The company also exited its banking-as-a-service (BaaS) operations during 2024, which had previously contributed to its revenue but posed regulatory challenges. As of December 31, 2025, the company had no active end-users from fintech channels, having terminated several indirect lending relationships. The company’s total deposits decreased to $1.91 billion from $2.18 billion, with brokered deposits accounting for 12.5% of total deposits, down from 18.5% in 2024.
The company announced a special cash dividend of $0.25 per share, totaling approximately $29.1 million, of which $22.6 million was paid in November 2025. Additionally, a share repurchase program was initiated, allowing for the repurchase of up to $15 million of common stock. In 2025, the company repurchased 802,735 shares at an average price of $4.17 per share, along with warrants to purchase 3,229,000 shares at an average price of $1.90 per warrant.
As of December 31, 2025, the company maintained a strong capital position, with a total capital to risk-weighted assets ratio of 20.69% and a Tier 1 capital ratio of 19.22%, both exceeding the minimum regulatory requirements. The allowance for credit losses was reported at $19.4 million, representing 1.04% of loans held for investment. Nonperforming loans decreased slightly to $23.8 million, or 1.27% of total loans, indicating improved credit quality. The company’s management expressed optimism about future profitability, citing expectations for improved net interest income as portions of the loan portfolio reprice in a higher interest rate environment.
About BLUE RIDGE BANKSHARES, INC.
Blue Ridge Bankshares, Inc. is a Virginia-based bank holding company providing commercial and consumer banking, mortgage lending, and wealth and trust management services through its subsidiaries. Its primary markets span Virginia and central North Carolina, serving businesses, consumers, nonprofits, and municipalities. The company’s offerings include deposit accounts, loans, treasury management, and investment services, emphasizing personalized service, competitive pricing, and community involvement within a regulated banking framework.
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