Blue Ridge Bankshares posts Q4 net income, helped by reduced expenses
Overview
U.S. bank holding company's Q4 net income was $4.2 mln, reversing a loss in Q4 2024
Company had declared a special $0.25 per share dividend
Company repurchased $3.4 mln in shares under a $15 mln buyback program
Outlook
Blue Ridge Bankshares projects mid-single digit balance sheet growth for the new year
Company sees positive momentum despite competitive market conditions
Result Drivers
CONSENT ORDER TERMINATION - Termination of OCC Consent Order reduced borrowing costs and operating expenses, improving profitability
EXPENSE REDUCTION - Noninterest expenses decreased due to a 30% reduction in headcount and lower consulting fees
LOAN PORTFOLIO CONTRACTION - Loan portfolio contracted due to payoffs of non-footprint loans, but loan pipeline is increasing
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $0.04 |
|
Q4 Net Income |
| $4.24 mln |
|
Q4 Net Interest Income |
| $18.12 mln |
|
Q4 Pretax Profit |
| $5.39 mln |
|
Press Release: ID:nPn1g5jCCa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
