Blue Ridge Bankshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 28, 2022 at 05:00 pm EDT
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Blue Ridge Bankshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 24.09 million compared to USD 30.46 million a year ago. Net income was USD 1.12 million compared to USD 28.65 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 1.54 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 1.54 a year ago. Basic earnings per share was USD 0.06 compared to USD 1.54 a year ago. Diluted earnings per share was USD 0.06 compared to USD 1.54 a year ago.
For the six months, net interest income was USD 47.76 million compared to USD 50.48 million a year ago. Net income was USD 18.87 million compared to USD 32.87 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to USD 1.95 a year ago. Diluted earnings per share from continuing operations was USD 0.99 compared to USD 1.95 a year ago. Basic earnings per share was USD 1.01 compared to USD 1.95 a year ago. Diluted earnings per share was USD 1.01.
Blue Ridge Bankshares, Inc. is the holding company of Blue Ridge Bank, National Association (the Bank) and BRB Financial Group, Inc. (the Financial Group). The Company's segments include commercial banking, mortgage banking and holding company activities. The Bank serves businesses, professionals, consumers, nonprofits, and municipalities with a variety of financial services, including retail and commercial banking, mortgage banking, government guaranteed lending, and employee benefit plan services. Its banking products include checking accounts, savings accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, credit cards, online banking, telephone banking, and mobile banking. The Company, through the Financial Group, offers management services for personal and corporate trusts, including estate planning, estate settlement and trust administration, insurance products, and investment and wealth management.