Blue Ridge Bankshares, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 29, 2021 at 05:30 pm EST
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Blue Ridge Bankshares, Inc. announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced net interest income was USD 14.014 million compared to USD 5.880 million a year ago. Net income was USD 5.581 million compared to USD 530,000 a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 0.1 a year ago. For the nine months, basic earnings per share from continuing operations was USD 3.11 compared to USD 1.1 a year ago. Net interest income was USD 44.510 million compared to USD 21.368 million a year ago. Net income was USD 17.696 million compared to USD 4.580 million a year ago.
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.
BLUE RIDGE BANKSHARES, INC. 
