CSIMarket Company Name, Ticker, Industry, else..
 
Blue Ridge Bankshares Inc   (NYSE: BRBS)
Other Ticker:  
 
    Sector • Financial    Industry • Regional Banks
   Industry • Regional Banks
   Sector • Financial
 
Price: $3.4500 $0.01 0.291%
Day's High: $3.53 Week Perf: -2.82 %
Day's Low: $ 3.43 30 Day Perf: 19.79 %
Volume (M): 161 52 Wk High: $ 3.99
Volume (M$): $ 557 52 Wk Avg: $2.83
Open: $3.45 52 Wk Low: $2.30



 Market Capitalization (Millions $) 326
 Shares Outstanding (Millions) 95
 Employees 197
 Revenues (TTM) (Millions $) 98
 Net Income (TTM) (Millions $) -19
 Cash Flow (TTM) (Millions $) 47
 Capital Exp. (TTM) (Millions $) 1

Blue Ridge Bankshares Inc
Blue Ridge Bankshares Inc is a community banking corporation headquartered in Charlottesville, Virginia. The companyes operations are conducted under the brand name Blue Ridge Bank. It has been providing banking services to the communities in central Virginia for over 100 years, making it one of the oldest and most stable financial institutions in the region.

Blue Ridge Bankshares Inces core operations include commercial and consumer banking, personal and business loans, mortgages, and wealth management. The company offers a range of services targeted at individuals, small businesses, and large corporations. Its branch network comprises over 20 locations throughout Virginia, providing access to its banking services.

In recent years, Blue Ridge Bankshares Inc has expanded its footprint across Virginia through mergers and acquisitions. In 2018, the company acquired Virginia Community Bank, which added 15 branch locations and $0.6 billion in assets to its portfolio. More recently, in 2020, Blue Ridge Bankshares Inc acquired FVCbankcorp Inc, which added five branches and $1.3 billion in assets to its portfolio.

Blue Ridge Bankshares Inc is known for its commitment to providing personalized banking services to its clients while maintaining strong ties to the local communities it serves. The companyes vision is to be a trusted financial partner that empowers people and businesses to achieve their financial goals while driving economic growth in the region.


   Company Address: 1801 Bayberry Court, Suite 101 Richmond 23226 VA
   Company Phone Number: 331-6521   Stock Exchange / Ticker: NYSE BRBS


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Blue Ridge Bankshares Inc

BRBS Plunges: Shocking Third Quarter Performance Sends Alarming Signals for Blue Ridge Bankshares Inc

Blue Ridge Bankshares Inc: Analyzing the Third Quarter Financial Results
As a renowned financial journalist for the , I have witnessed a wide range of financial results over the years. However, the recent financial performance of Blue Ridge Bankshares Inc (BRBS) has left me with mixed feelings. In the third quarter of 2023, BRBS posted a surprising shortfall per stock of $-2.18 per share, compared to $0.15 per share during the same quarter last year. Even more concerning is the fact that this shortfall represents a significant increase from the prior reporting season, in which the company recorded a shortfall of $-1.03 per share.
Furthermore, the revenue for Blue Ridge Bankshares Inc took a severe hit during the past quarter. It plummeted by -43.329% to $18.56 million from $32.75 million during the comparable reporting season a year before. However, there was a glimmer of hope in the sequential revenue, which surged by a considerable 92.52% from $9.64 million. Despite this temporary boost, the decline in revenue is disconcerting, especially when compared to the performance of the regional banks sector as a whole, which posted a top-line rise during the same period.
Blue Ridge Bankshares Inc

Blue Ridge Bankshares Inc. Faces Intense Fiscal Downturn in Q2 2023, Marking a Critical Earnings Season

Blue Ridge Bankshares Inc (BRBS) experienced a challenging period from April to June 2023, with a significant decline in its financial performance compared to the same period last year. The company reported a loss of $1.03 per share, in contrast to a profit of $0.06 per share a year ago. Furthermore, the earnings per share (EPS) fell from $0.09 to an undisclosed amount, indicating a worrisome decline.
The revenue also took a hit, plummeting by a staggering 64.015% to $9.64 million from $26.79 million in the corresponding reporting season a year prior. Additionally, the revenue sequentially tumbled by 68.848% from $30.94 million. This decline is particularly troubling when juxtaposed with the rest of the Regional Banks sector, which recorded a robust 12.54% growth in the second quarter of 2023 compared to the same period in 2022.






Blue Ridge Bankshares Inc's Segments
Commercial Banking    13.05 % of total Revenue
Mortgage Banking    -3.52 % of total Revenue
Parents Only    0.58 % of total Revenue
Eliminations    -0.34 % of total Revenue





Help

About us

Advertise
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com