BLUE RIDGE BANKSHARES, INC. BRBS
Blue Ridge Bankshares, Inc. (the "Company") is a bank holding company headquartered in Richmond, Virginia. The Company provides commercial and consumer banking and financial services through its wholly-owned bank subsidiary, Blue Ridge Bank, National Association (the "Bank"), and its wealth and trust management subsidiary, BRB Financial Group, Inc. (the "Financial Group"). The Company was incorporated under the laws of the Commonwealth of Virginia in July 1988.
The Bank is a federally chartered national bank with its main office in Martinsville, Virginia that traces its roots to Page Valley Bank of Virginia, which opened for business in 1893. At December 31, 2025, the Bank operated twenty-seven full-service banking offices across its footprint, which stretches from the Shenandoah Valley across the Piedmont region through Richmond and into the coastal peninsulas and the Hampton Roads region of Virginia and into central North Carolina.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $137.8M | $160.3M | $169.0M | $121.7M | $103.5M | $54.5M | $2.2M | $2.2M | — |
| Total operating expenses | — | — | — | — | — | $88.8M | $44.1M | $26.8M | — |
| Interest expense | $78.9M | $78.7M | $93.0M | $17.1M | $11.1M | $9.9M | $9.5M | $5.2M | — |
| Pre-tax income | $13.8M | -$16.5M | -$58.8M | $22.2M | $68.4M | $22.7M | $5.6M | $5.7M | — |
| Income tax | $3.1M | $1.1M | $7.1M | $5.2M | $15.7M | $4.8M | $973.0K | $1.1M | — |
| Net income | $10.7M | -$15.4M | -$51.8M | $17.3M | $52.5M | $17.7M | $4.6M | $4.6M | — |
| EPS, basic | 0.12 | -0.31 | -2.73 | 0.92 | 2.94 | 2.05 | 1.10 | 1.64 | — |
| EPS, diluted | 0.11 | -0.31 | -2.73 | 0.92 | 2.94 | 2.05 | 1.10 | 1.64 | — |
| Shares, diluted (wtd. avg.) | $97.3M | $49.1M | $18.9M | $18.8M | $17.9M | $8.5M | $4.15B | $2.8K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $115.9M | $173.5M | $110.5M | $77.3M | $130.5M | $117.9M | $60.0M | $15.0M | $10.3M |
| Property, plant and equipment | $21.5M | $21.4M | $22.3M | $23.2M | $26.6M | $14.8M | $13.7M | $3.3M | — |
| Goodwill | — | — | $0 | $26.8M | $26.8M | $19.6M | $16.6M | $2.7M | — |
| Other intangibles | — | — | $5.4M | $6.6M | $7.6M | $2.6M | $3.7M | $1.3M | — |
| Total assets | $2.43B | $2.74B | $3.12B | $3.13B | $2.67B | $1.50B | $960.8M | $539.6M | — |
| Long-term debt | — | — | — | — | — | — | $9.8M | $9.8M | — |
| Total liabilities | $2.11B | $2.41B | $2.93B | $2.88B | $2.39B | $1.39B | $868.5M | $500.0M | — |
| Retained earnings | -$659.0K | $17.8M | $33.2M | $97.7M | $86.0M | $40.7M | $25.4M | $23.3M | — |
| Total equity | $323.7M | $327.8M | $186.0M | $248.8M | $277.1M | $108.2M | $92.3M | $39.6M | $36.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $13.6M | -$6.3M | $44.1M | $93.9M | $59.2M | -$108.3M | -$20.6M | -$4.6M | — |
| Depreciation and amortisation | $1.4M | $1.5M | $1.6M | $1.9M | $2.0M | $924.0K | $539.0K | $415.0K | — |
| Capital expenditure | $1.7M | $588.0K | $961.0K | $455.0K | $1.2M | $3.0M | $1.1M | $1.5M | — |
| Investing cash flow | $241.9M | $419.0M | -$23.2M | -$628.2M | $52.5M | -$340.9M | -$94.7M | -$102.0M | — |
| Financing cash flow | -$315.5M | -$357.9M | $23.0M | $481.0M | -$99.1M | $507.1M | $160.3M | $111.2M | — |
| Dividends paid | $22.6M | $0 | $4.6M | $9.2M | $7.2M | $2.4M | $2.5M | $1.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-196703.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |