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Blue Ridge Bankshares, Inc. (BRBS) reported a third-quarter 2025 net income of $5.6 million, or $0.06 per diluted share, a significant increase from $0.9 million, or $0.01 per share, in the same quarter last year. The earnings report was issued on September 30, 2025. Year-to-date, the bank has earned $6.5 million ($0.07 per share), rebounding from a net loss of $13.4 million ($0.34 per share) for the same period in 2024. The stock has seen a 1.4% increase since the announcement, outperforming the S&P 500, which gained 0.9% in the same period.
Key financial metrics include a 14.7% increase in net interest income to $21.9 million, driven by higher loan yields, while total interest income fell by 7.7% to $36.2 million. Noninterest income rose 42.1% to $3.8 million, and noninterest expenses decreased by 24.2% to $20 million. The net interest margin expanded to 3.60%, up from 3.15% in the previous quarter. Despite a slight rise in nonperforming loans to $28.6 million, the bank reported a $1.8 million recovery of credit losses, improving from a $0.7 million recovery last quarter.
During the quarter, Blue Ridge Bankshares repurchased 659,949 shares at an average price of $4.16 as part of a $15 million stock repurchase program. By the end of the third quarter, the bank’s total assets stood at $2.49 billion, down from $2.94 billion a year ago, reflecting a reduction in out-of-market loans. The tier 1 leverage ratio improved to 14.70%, above regulatory requirements, enhancing the bank’s capital position.
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